Abbreviated Company Accounts - RENFREE ENERGY LTD

Abbreviated Company Accounts - RENFREE ENERGY LTD


Registered Number 07851803

RENFREE ENERGY LTD

Abbreviated Accounts

30 September 2014

RENFREE ENERGY LTD Registered Number 07851803

Abbreviated Balance Sheet as at 30 September 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 153,496 231,446
153,496 231,446
Current assets
Stocks 30,000 -
Debtors 3 103,291 118,297
Cash at bank and in hand 40,702 10,249
173,993 128,546
Creditors: amounts falling due within one year 4 (90,565) (29,293)
Net current assets (liabilities) 83,428 99,253
Total assets less current liabilities 236,924 330,699
Creditors: amounts falling due after more than one year 4 (237,474) (335,873)
Total net assets (liabilities) (550) (5,174)
Capital and reserves
Called up share capital 5 100 100
Profit and loss account (650) (5,274)
Shareholders' funds (550) (5,174)
  • For the year ending 30 September 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 19 June 2015

And signed on their behalf by:
Damian Hugh Baker, Director
Lori Lee Baker, Director

RENFREE ENERGY LTD Registered Number 07851803

Notes to the Abbreviated Accounts for the period ended 30 September 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents income due to the company from feed in tariffs

Tangible assets depreciation policy
Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life, or if held under a finance lease, over the lease term whichever is shorter
Plant & Machiney at 10% of cost

2Tangible fixed assets
£
Cost
At 1 October 2013 283,403
Additions -
Disposals (75,000)
Revaluations -
Transfers -
At 30 September 2014 208,403
Depreciation
At 1 October 2013 51,957
Charge for the year 16,729
On disposals (13,779)
At 30 September 2014 54,907
Net book values
At 30 September 2014 153,496
At 30 September 2013 231,446

Sale of System to Holkham Hall

3Debtors
2014
£
2013
£
Debtors include the following amounts due after more than one year 77,713 118,297
4Creditors
2014
£
2013
£
Secured Debts 237,474 335,873
5Called Up Share Capital
Allotted, called up and fully paid:
2014
£
2013
£
100 Ordinary shares of £100 each 10,000 10,000