Solar Products Limited Filleted Accounts Cover |
Company No. 04575076 | |||||||||
For the Year Ended | |||||||||
Solar Products Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2023 | 2022 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Investments | 5 | |||||||||
Current assets | ||||||||||
Debtors | 6 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 7 | ( | ( | |||||||
Net current liabilities | ( | ( | ||||||||
Total assets less current liabilities | ||||||||||
Creditors: Amounts falling due after more than one year | 8 | ( | ( | |||||||
Net assets/(liabilities) | ( | |||||||||
Capital and reserves | ||||||||||
Called up share capital | 9 | |||||||||
Profit and loss account | 10 | ( | ||||||||
Total equity | ( | |||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 12 October 2023 | ||||||||||
And signed on its behalf by: | ||||||||||
A.M.E. Scrimgeour | ||||||||||
Director | ||||||||||
12 October 2023 |
Solar Products Limited Notes to the Accounts Registrar |
for the year ended 31 March 2023 | ||||||||||||||
1 | General information | |||||||||||||
Its registered number is: 04575076 | ||||||||||||||
Its registered office is: | ||||||||||||||
2 | Accounting policies | |||||||||||||
Intangible fixed assets | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and 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 end of the reporting period. Current tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investments | ||||||||||||||
Trade and other debtors | ||||||||||||||
Cash and cash equivalents | ||||||||||||||
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty or notice of not more than 24 hours. | ||||||||||||||
Trade and other creditors | ||||||||||||||
Interest Income | ||||||||||||||
The Interest income in the year in recognised in the Profit & Loss Account using the effective interest method. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2023 | 2022 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Patents and trade-marks | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 April 2022 | ||||||||||||||
At 31 March 2023 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
At 1 April 2022 | ||||||||||||||
At 31 March 2023 | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2023 | ||||||||||||||
At 31 March 2022 | ||||||||||||||
5 | Investments | |||||||||||||
Investment in other companies | Loan notes - SFI | Total | ||||||||||||
£ | £ | £ | ||||||||||||
Cost or valuation | ||||||||||||||
At 1 April 2022 | ||||||||||||||
At 31 March 2023 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Net book values | ||||||||||||||
At 31 March 2023 | ||||||||||||||
At 31 March 2022 | ||||||||||||||
Details | 2023 | 2022 | ||||||||||||
£ | £ | |||||||||||||
Investment in other companies include - | ||||||||||||||
Scrimgeour Family Investments Limited | 220,000 | 220,000 | ||||||||||||
Solaray Systems (PTY) Ltd | 11,772 | 11,772 | ||||||||||||
231,772 | 231,772 | |||||||||||||
6 | Debtors | |||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Loan to Solaray Systems | ||||||||||||||
Loan note interest receivable | ||||||||||||||
Loan note interest overpaid | ||||||||||||||
7 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Taxes and social security | ||||||||||||||
Loans from directors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due after more than one year | ||||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
Loan notes | ||||||||||||||
9 | Share Capital | |||||||||||||
Share capital includes following: | ||||||||||||||
2023 | 2022 | |||||||||||||
£ | £ | |||||||||||||
1 ordinary shares of £1 each | 1 | 1 | ||||||||||||
1 | 1 | |||||||||||||
10 | Reserves | |||||||||||||