Abbreviated Company Accounts - ABERDEEN RENEWABLE ENERGY GROUP

ABERDEEN RENEWABLE ENERGY GROUP Registered Number SC261364

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Intangible assets		-	-
Tangible assets	3	255	387
Investments	4	25	25
		280	412
Current assets
Stocks		-	-
Debtors	5	381,532	434,325
Investments		-	-
Cash at bank and in hand		136,828	113,692
		518,360	548,017
Prepayments and accrued income		-	-
Creditors: amounts falling due within one year	6	(76,522)	(133,471)
Net current assets (liabilities)		441,838	414,546
Total assets less current liabilities		442,118	414,958
Creditors: amounts falling due after more than one year	6	(300,000)	(300,000)
Provisions for liabilities		0	0
Accruals and deferred income		0	0
Total net assets (liabilities)		142,118	114,958
Reserves
Revaluation reserve		0	0
Other reserves		0	0
Income and expenditure account		142,118	114,958
Members' funds		142,118	114,958

For the year ending 31 March 2015 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 21 December 2015

And signed on their behalf by:
Gordon McIntosh, Director

ABERDEEN RENEWABLE ENERGY GROUP Registered Number SC261364

Notes to the Abbreviated Accounts for the period ended 31 March 2015

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 members’ contributions and amounts receivable for goods and services net of VAT and the receipt of grants.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Fixtures, fittings and equipment 20% straight line

Valuation information and policy
The financial statements have been prepared on a going concern basis which assumes that the company will continue to operate. The directors have considered the company’s position for the coming 12 months and are satisfied that sufficient funding will be available to ensure the company continues to operate.

Other accounting policies
1.5 Grants
Grants are credited to deferred income. Grants towards capital expenditure are released to the profit and loss account over the expected useful life of the assets. Grants towards revenue expenditure are released to the profit and loss account as the related expenditure is incurred.

2Company limited by guarantee
Company is limited by guarantee and consequently does not have share capital.

3Tangible fixed assets

	£
Cost
At 1 April 2014	2,453
Additions	0
Disposals	0
Revaluations	0
Transfers	0
At 31 March 2015	2,453
Depreciation
At 1 April 2014	2,066
Charge for the year	132
On disposals	0
At 31 March 2015	2,198
Net book values
At 31 March 2015	255
At 31 March 2014	387

4Fixed assets Investments
Fixed assets investments are stated at cost less provision for diminution in value.

5Debtors

	2015 £	2014 £
Debtors include the following amounts due after more than one year	372,689	368,191

6Creditors

	2015 £	2014 £
Secured Debts	0	0
Non-instalment debts due after 5 years	300,000	300,000