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REGISTERED NUMBER: 02678809 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2022

for

Solar Windows limited

Solar Windows limited (Registered number: 02678809)






Contents of the Financial Statements
for the Year Ended 31 October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solar Windows limited

Company Information
for the Year Ended 31 October 2022







DIRECTORS: Mr C P Lewis
Mrs C Lewis





SECRETARY: Mrs C Lewis





REGISTERED OFFICE: Unit 15B
Bedwas House Industrial Estate
Bedwas
Caerphilly
CF83 8DW





REGISTERED NUMBER: 02678809 (England and Wales)





ACCOUNTANTS: Neil Hodge & Co Limited
Chartered Accountants
106a Commercial Street
Risca
Gwent
NP11 6EE

Solar Windows limited (Registered number: 02678809)

Balance Sheet
31 October 2022

31.10.22 31.10.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 327,271 454,366

CURRENT ASSETS
Stocks 1,550,301 1,550,852
Debtors 5 8,180,209 7,075,406
Cash at bank and in hand 4,651,311 4,564,451
14,381,821 13,190,709
CREDITORS
Amounts falling due within one year 6 1,730,927 1,328,884
NET CURRENT ASSETS 12,650,894 11,861,825
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,978,165

12,316,191

PROVISIONS FOR LIABILITIES 74,000 83,000
NET ASSETS 12,904,165 12,233,191

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 12,904,065 12,233,091
SHAREHOLDERS' FUNDS 12,904,165 12,233,191

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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.

Solar Windows limited (Registered number: 02678809)

Balance Sheet - continued
31 October 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 27 October 2023 and were signed on its behalf by:





Mr C P Lewis - Director


Solar Windows limited (Registered number: 02678809)

Notes to the Financial Statements
for the Year Ended 31 October 2022

1. STATUTORY INFORMATION

Solar Windows limited is a private company, limited by shares , registered in England and Wales. 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The reporting currency is UK Sterling.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the goods are fitted, or in the case of supply only, when they are delivered.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 10% on cost
Plant and machinery etc - 25% on reducing balance, 25% on cost and 20% on cost

Fixed assets are recorded at cost less depreciation and any impairment.

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

Financial assets and liabilities
These are measured at transaction price, and subsequently held at cost less any impairment.

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.


Solar Windows limited (Registered number: 02678809)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

2. ACCOUNTING POLICIES - continued
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.

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 47 (2021 - 48 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 November 2021 59,929 3,028,341 3,088,270
Additions 401 11,906 12,307
At 31 October 2022 60,330 3,040,247 3,100,577
DEPRECIATION
At 1 November 2021 57,451 2,576,453 2,633,904
Charge for year 354 139,048 139,402
At 31 October 2022 57,805 2,715,501 2,773,306
NET BOOK VALUE
At 31 October 2022 2,525 324,746 327,271
At 31 October 2021 2,478 451,888 454,366

Solar Windows limited (Registered number: 02678809)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade debtors 3,506,675 2,396,179
Other debtors 4,673,534 4,679,227
8,180,209 7,075,406

Included in Trade Debtors are amounts totalling £189,457 (2021: £226,834) which do not fall due for payment within one year.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.22 31.10.21
£    £   
Trade creditors 515,091 374,147
Taxation and social security 645,432 306,355
Other creditors 570,404 648,382
1,730,927 1,328,884

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.10.22 31.10.21
value: £    £   
100 Ordinary £1 100 100

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2022 and 31 October 2021:

31.10.22 31.10.21
£    £   
Mr C P Lewis
Balance outstanding at start of year 4,631 398,080
Amounts advanced - 4,234
Amounts repaid - (397,683 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,631 4,631

Interest of between 2.0% and 2.5% has been charged on the loan. It is repayable upon demand.

Solar Windows limited (Registered number: 02678809)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2022

9. RELATED PARTY DISCLOSURES

The company rents its premises from the companys pension scheme.

The Directors have a majority shareholding in Interframe (South West) Limited, a company incorporated in the UK.
During the year the company purchased windows from Interframe to the value of £158,275.
( 2021 £92,453) , and £792 (2021 £0) was still owing to Interframe at the year end.
Sales to Interframe were £4,655 (2021 £0). The windows were purchased and sold on arms length terms.

During the year Dividends totalling £168,000 were paid to the directors.

The Directors own TH Philip Sarah Ltd, a company incorporated in the UK. A Loan of £529,781 has been made to that company by Solar Windows Limited, enabling it to buy a factory.

In 2020 Mr & Mrs Carl Lewis incorporated the Tenby Group of companies, [headed by Tenby Holdings Ltd], to acquire certain assets of Aperture trading Ltd (in administration).
At 31/10/22 a total of £4,215,722 (2021:£3,880,680) has been lent to those companies, and is included in debtors.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr C P Lewis.