AUK Energy Management Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: SC301923 (Scotland)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 5 APRIL 2020

FOR

AUK ENERGY MANAGEMENT LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

A Urquhart

SECRETARY:

K Urquhart

REGISTERED OFFICE:

28 Airyhall Gardens

Aberdeen

AB15 7QL

REGISTERED NUMBER:

SC301923 (Scotland)

ACCOUNTANTS:

Fyfe Moir & Associates

1st Floor, 5 Abercrombie Crt

Prospect Road,

Westhill

Aberdeenshire

Grampian

AB32 6FE

FIXED ASSETS

Tangible assets

4

4,099

2,995

CURRENT ASSETS

Debtors

5

2,891

6,926

Investments

6

3,500

3,500

Cash at bank

30,036

38,756

36,427

49,182

CREDITORS

Amounts falling due within one year

7

18,783

32,335

NET CURRENT ASSETS

17,644

16,847

TOTAL ASSETS LESS CURRENT LIABILITIES

21,743

19,842

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

21,643

19,742

SHAREHOLDERS' FUNDS

21,743

19,842

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14 January 2021 and were signed by:

A Urquhart - Director

1.	STATUTORY INFORMATION

AUK Energy Management Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on cost

Computer equipment

-

15% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2019 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 6 April 2019

-

1,431

10,596

12,027

Additions

2,361

-

1,538

3,899

At 5 April 2020

2,361

1,431

12,134

15,926

DEPRECIATION

At 6 April 2019

-

1,047

7,985

9,032

Charge for year

591

384

1,820

2,795

At 5 April 2020

591

1,431

9,805

11,827

NET BOOK VALUE

At 5 April 2020

1,770

-

2,329

4,099

At 5 April 2019

-

384

2,611

2,995

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.20

5.4.19

£

£

Directors' current accounts

68

-

Tax

2,630

4,830

Prepayments and accrued income

193

2,096

2,891

6,926

6.	CURRENT ASSET INVESTMENTS

5.4.20

5.4.19

£

£

Unlisted investments

3,500

3,500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

5.4.20

5.4.19

£

£

Trade creditors

(2

)

-

Tax

16,479

20,753

Social security and other taxes

-

2,075

VAT

2,306

9,310

Directors' current accounts

-

197

18,783

32,335