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REGISTERED NUMBER: SC328796 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2018

for

Absolute Solar And Wind Ltd

Absolute Solar And Wind Ltd (Registered number: SC328796)






Contents of the Financial Statements
for the Year Ended 28 February 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Absolute Solar And Wind Ltd

Company Information
for the Year Ended 28 February 2018







DIRECTORS: A C E Kent
J M N Newall
T M L Newall
G Provest





REGISTERED OFFICE: 2 Stewart Street
Milngavie
Glasgow
G62 6BW





REGISTERED NUMBER: SC328796 (Scotland)





ACCOUNTANTS: Bell Barr & Company
Chartered Accountants
2 Stewart Street
Milngavie
Glasgow
G62 6BW

Absolute Solar And Wind Ltd (Registered number: SC328796)

Balance Sheet
28 February 2018

28.2.18 28.2.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 242,730 263,276
242,730 263,276

CURRENT ASSETS
Stocks 6 165,050 173,008
Debtors 7 1,493,019 1,638,186
Cash at bank and in hand 2,056 9,576
1,660,125 1,820,770
CREDITORS
Amounts falling due within one year 8 877,948 914,234
NET CURRENT ASSETS 782,177 906,536
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,024,907

1,169,812

CREDITORS
Amounts falling due after more than one
year

9

(30,246

)

(23,051

)

PROVISIONS FOR LIABILITIES (690,350 ) (848,127 )
NET ASSETS 304,311 298,634

CAPITAL AND RESERVES
Called up share capital 791 791
Share premium 34,997 34,997
Retained earnings 268,523 262,846
SHAREHOLDERS' FUNDS 304,311 298,634

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Absolute Solar And Wind Ltd (Registered number: SC328796)

Balance Sheet - continued
28 February 2018


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 17 May 2018 and were signed on its behalf by:





T M L Newall - Director


Absolute Solar And Wind Ltd (Registered number: SC328796)

Notes to the Financial Statements
for the Year Ended 28 February 2018

1. STATUTORY INFORMATION

Absolute Solar And Wind 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.
Improvements to property - 20% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow
moving items.

Long term contracts are stated at net cost less forseeable losses less any applicable payments on account. The
amount recorded as turnover in respect of long term contracts is ascertained by reference to the value of the
work carried out to date. Attributable profit is recognised as the difference between recorded turnover and
related costs.

Financial instruments
All financial assets and liabilities of the company are basic financial instruments and are recognised initially at
transaction value, and subsequently at settlement value.

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.

Absolute Solar And Wind Ltd (Registered number: SC328796)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the
lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension
scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2017 - 26 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2017
and 28 February 2018 25,500
AMORTISATION
At 1 March 2017
and 28 February 2018 25,500
NET BOOK VALUE
At 28 February 2018 -
At 28 February 2017 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 March 2017 88,948 125,744 7,216
Additions - 23,965 -
At 28 February 2018 88,948 149,709 7,216
DEPRECIATION
At 1 March 2017 24,981 40,447 2,462
Charge for year 15,819 16,333 713
Eliminated on disposal - - -
At 28 February 2018 40,800 56,780 3,175
NET BOOK VALUE
At 28 February 2018 48,148 92,929 4,041
At 28 February 2017 63,967 85,297 4,754

Absolute Solar And Wind Ltd (Registered number: SC328796)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 March 2017 182,929 31,212 436,049
Additions 28,365 2,610 54,940
Disposals (26,567 ) - (26,567 )
At 28 February 2018 184,727 33,822 464,422
DEPRECIATION
At 1 March 2017 82,319 22,564 172,773
Charge for year 26,610 4,126 63,601
Eliminated on disposal (14,682 ) - (14,682 )
At 28 February 2018 94,247 26,690 221,692
NET BOOK VALUE
At 28 February 2018 90,480 7,132 242,730
At 28 February 2017 100,610 8,648 263,276

6. STOCKS
28.2.18 28.2.17
£    £   
Stocks 137,885 118,092

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Trade debtors 156,685 225,957
Amounts recoverable on contract 1,217,985 1,211,273
Other debtors 118,349 200,956
1,493,019 1,638,186

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.18 28.2.17
£    £   
Bank loans and overdrafts 79,063 -
Hire purchase contracts 28,077 49,503
Payments on account 4,000 169,443
Trade creditors 550,045 315,824
Taxation and social security 17,559 139,629
Other creditors 199,204 239,835
877,948 914,234

Absolute Solar And Wind Ltd (Registered number: SC328796)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2018

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.18 28.2.17
£    £   
Hire purchase contracts 30,246 23,051

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2018 and
28 February 2017:

28.2.18 28.2.17
£    £   
T M L Newall
Balance outstanding at start of year 211 -
Amounts advanced 876 211
Amounts repaid (211 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 876 211