Company registration number 11803745 (England and Wales)
Solar Energy Store Ltd
Unaudited
financial statements
for the year ended 28 February 2023
PAGES FOR FILING WITH REGISTRAR
Solar Energy Store Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Solar Energy Store Ltd
Statement of financial position
as at 28 February 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Stocks
30,000
49,218
Debtors
3
79,846
68,563
Cash at bank and in hand
587,106
256,795
696,952
374,576
Creditors: amounts falling due within one year
4
(124,434)
(86,269)
Net current assets
572,518
288,307
Capital and reserves
Called up share capital
5
2
2
Profit and loss reserves
572,516
288,305
Total equity
572,518
288,307
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 2 October 2023
Mr K Gittins
Director
Company Registration No. 11803745
Solar Energy Store Ltd
Notes to the Financial Statements
for the year ended 28 February 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on supply of goods and services.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
3
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
79,846
68,563
Solar Energy Store Ltd
Notes to the Financial Statements (continued)
for the year ended 28 February 2023
- 3 -
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
67,605
51,029
Other creditors
55,329
33,740
Accruals and deferred income
1,500
1,500
124,434
86,269
5
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
2
2
2
2
6
Company information
Solar Energy Store Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6 Pennine View, Blacker Hill, Barnsley, South Yorkshire, S74 0FL.