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REGISTERED NUMBER: 12606317 (England and Wales)






















Financial Statements

for the Period

1 June 2022 to 31 October 2023

for

Solar Calibre Doors Ltd

Solar Calibre Doors Ltd (Registered number: 12606317)






Contents of the Financial Statements
for the Period 1 June 2022 to 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Solar Calibre Doors Ltd

Company Information
for the Period 1 June 2022 to 31 October 2023







DIRECTORS: C P Lewis
G E Jones





REGISTERED OFFICE: Common Road
Huthwaite
Sutton-In-Ashfield
NG17 6AD





REGISTERED NUMBER: 12606317 (England and Wales)





AUDITORS: Wright Vigar Limited
Statutory Auditors
Chartered Accountants & Business Advisers
Alexandra House
43 Alexandra St
Nottingham
Nottinghamshire
NG5 1AY

Solar Calibre Doors Ltd (Registered number: 12606317)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,008 88,112

CURRENT ASSETS
Stocks 578,308 1,047,878
Debtors 5 1,061,072 2,572,668
Cash at bank 664,451 219,592
2,303,831 3,840,138
CREDITORS
Amounts falling due within one year 6 2,982,599 4,254,345
NET CURRENT LIABILITIES (678,768 ) (414,207 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(631,760

)

(326,095

)

PROVISIONS FOR LIABILITIES 11,752 17,000
NET LIABILITIES (643,512 ) (343,095 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (643,612 ) (343,195 )
(643,512 ) (343,095 )

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 29 July 2024 and were signed on its behalf by:





C P Lewis - Director


Solar Calibre Doors Ltd (Registered number: 12606317)

Notes to the Financial Statements
for the Period 1 June 2022 to 31 October 2023

1. STATUTORY INFORMATION

Solar Calibre Doors Ltd 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 financial statements are prepared in sterling, which is the functional currency of the entity, rounded to the nearest £.

The statutory accounts for the year ended 31 May 2022 were not subject to audit because the company at this time was a subsidiary within a small group.

Critical accounting judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements:

Stock valuations and recoverability of trading assets - these involve judgements as to pricing and the extent to which provisions are required to account for the risk of irrecoverability or obsolescence.

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.
Plant and machinery - 20% on cost

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.


Solar Calibre Doors Ltd (Registered number: 12606317)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 October 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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 period was 32 (2022 - 35 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2022 160,744
Additions 5,681
At 31 October 2023 166,425
DEPRECIATION
At 1 June 2022 72,632
Charge for period 46,785
At 31 October 2023 119,417
NET BOOK VALUE
At 31 October 2023 47,008
At 31 May 2022 88,112

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 845,451 1,150,415
Amounts owed by group undertakings 42,714 1,206,923
Other debtors 172,907 215,330
1,061,072 2,572,668

Solar Calibre Doors Ltd (Registered number: 12606317)

Notes to the Financial Statements - continued
for the Period 1 June 2022 to 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 1,737,900 1,800,609
Amounts owed to group undertakings 520,563 53,179
Taxation and social security 131,895 (73,230 )
Other creditors 592,241 2,473,787
2,982,599 4,254,345

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 17,315 -
Between one and five years 38,351 -
55,666 -

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Steven Newman LLB BFP FCA (Senior Statutory Auditor)
for and on behalf of Wright Vigar Limited

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is C P Lewis.

The immediate parent company is Solar Fabrications Holdings Limited, registered in the UK.
The ultimate parent company is Tenby Holdings Limited, registered in the UK.