NUTECH RENEWABLES LIMITED

NUTECH RENEWABLES LIMITED

NUTECH RENEWABLES LIMITED - Company Information

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NUTECH RENEWABLES LIMITED

Company Registration Number:
NI059989 (Northern Ireland)

Unaudited abridged accounts for the year ended 31 December 2017

Period of accounts

Start date: 31 December 2016

End date: 31 December 2017

NUTECH RENEWABLES LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2017

Balance sheet
Notes

NUTECH RENEWABLES LIMITED

Balance sheet

As at 31 December 2017


Notes
2017
2016


£
£
Fixed assets
Intangible assets: 2 8,000 12,000
Tangible assets: 3 1,750 3,500
Investments:   0 0
Total fixed assets: 9,750 15,500
Current assets
Stocks: 13,891 13,569
Debtors:   7,367 16,900
Cash at bank and in hand: 6,584 5,728
Investments:   0 0
Total current assets: 27,842 36,197
Creditors: amounts falling due within one year: 4 (61,899) (87,597)
Net current assets (liabilities): (34,057) (51,400)
Total assets less current liabilities: (24,307) (35,900)
Creditors: amounts falling due after more than one year: 5 (1,052) (4,399)
Provision for liabilities: 0 0
Total net assets (liabilities): (25,359) (40,299)
Capital and reserves
Called up share capital: 2 2
Share premium account: 0 0
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: (25,361) (40,301)
Shareholders funds: (25,359) (40,299)

The notes form part of these financial statements

NUTECH RENEWABLES LIMITED

Balance sheet statements

For the year ending 31 December 2017 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 02 July 2018
and signed on behalf of the board by:

Name: Mark Forkin
Status: Director

The notes form part of these financial statements

NUTECH RENEWABLES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

1. Accounting policies

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

Turnover policy

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Tangible fixed assets and depreciation policy

Tangible fixed assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible fixed assets, less their estimated residual value, over their expected useful lives as follows:Plant & machinery 20% straight lineMotor vehicles 20% straight lineThe carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

NUTECH RENEWABLES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

2. Intangible Assets

Total
Cost £
At 31 December 2016 40,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2017 40,000
Amortisation
At 31 December 2016 28,000
Charge for year 4,000
On disposals 0
Other adjustments 0
At 31 December 2017 32,000
Net book value
At 31 December 2017 8,000
At 30 December 2016 12,000

NUTECH RENEWABLES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

3. Tangible Assets

Total
Cost £
At 31 December 2016 19,739
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 December 2017 19,739
Depreciation
At 31 December 2016 16,239
Charge for year 1,750
On disposals 0
Other adjustments 0
At 31 December 2017 17,989
Net book value
At 31 December 2017 1,750
At 30 December 2016 3,500

NUTECH RENEWABLES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

4. Creditors: amounts falling due within one year note

Bank loan 1,964Net obligations under finance leases and hire purchase contracts 2,055Trade creditors 40,948Amounts owed to connected parties 4,666Taxation 492Directors current accounts 9,252 Accruals 2,522

NUTECH RENEWABLES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

5. Creditors: amounts falling due after more than one year note

Finance leases and hire purchase contracts 1,052

NUTECH RENEWABLES LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2017

6. Related party transactions

Name of the related party: NuTech Renewables Ltd
Relationship:
Associated Company
Description of the Transaction: This money is owed to the associated company NuTech Renewables Ltd, registered in the Republic of Ireland and was for payments made by them on behalf of Nutech Renewables Ltd.
£
Balance at 31 December 2016 4,666
Balance at 31 December 2017 4,666