NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED - Company Information

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NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

Company Registration Number:
08802755 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2022

Period of accounts

Start date: 01 January 2022

End date: 31 December 2022

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2022

Balance sheet
Notes

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

Balance sheet

As at 31 December 2022


Notes
2022
2021


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets:   0 0
Tangible assets:   0 0
Investments:   0 0
Total fixed assets: 0 0
Current assets
Stocks: 0 0
Debtors:   134 300
Cash at bank and in hand: 328 1,329
Investments:   0 0
Total current assets: 462 1,629
Creditors: amounts falling due within one year:   (3,475) (2,275)
Net current assets (liabilities): (3,013) (646)
Total assets less current liabilities: (3,013) (646)
Creditors: amounts falling due after more than one year:   0 0
Provision for liabilities: 0 0
Total net assets (liabilities): (3,013) (646)
Capital and reserves
Called up share capital: 205,284 205,284
Share premium account: 73,703 73,703
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (282,000) (279,633)
Shareholders funds: (3,013) (646)

The notes form part of these financial statements

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

Balance sheet statements

For the year ending 31 December 2022 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 27 September 2023
and signed on behalf of the board by:

Name: John Gardner
Status: Director

The notes form part of these financial statements

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

2. Employees

2022 2021
Average number of employees during the period 0 0

NORTH WALES TIDAL ENERGY AND COASTAL PROTECTION CO LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Off balance sheet arrangements

Financial commitments, guarantees and contingent liabilities,The Company has entered into agreements with a number of suppliers who are willing to provide services on the understanding that payment is contingent upon the Company having sufficient funds to do so in the future. The timing of the payment is at the discretion of the Directors who will, in the first instance, take into account all financial obligations of the Company at the time and the need to retain sufficient funds to ensure the future financial requirements of the Company are met.In certain instances suppliers have agreed to accept equity.At 31 December 2022 the total contingent liability was £591,361 ( 2021: £ 584,989 ) of which £232,585 ( 2021: £229,585 ) was in respect of equity agreements.