Solar Frame Solutions Limited Filleted Accounts Cover
Solar Frame Solutions Limited
Company No. 10101419
Information for Filing with The Registrar
31 March 2024
Solar Frame Solutions Limited Balance Sheet Registrar
at
31 March 2024
Company No.
10101419
Notes
2024
2023
£
£
Fixed assets
Intangible assets
4
52,92752,927
52,92752,927
Current assets
Debtors
5
272
Cash at bank and in hand
411
3113
Creditors: Amount falling due within one year
6
(33,265)
(28,587)
Net current liabilities
(33,234)
(28,574)
Total assets less current liabilities
19,69324,353
Net assets
19,69324,353
Capital and reserves
Called up share capital
15,00215,002
Share premium account
8
16,12016,120
Capital redemption reserve
8
7,5007,500
Profit and loss account
8
(18,929)
(14,269)
Total equity
19,69324,353
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 March 2024 the company was entitled to exemption from audit 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.
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 17 September 2024 and signed on its behalf by:
M.K. Sheridan
Director
17 September 2024
Solar Frame Solutions Limited Notes to the Accounts Registrar
for the year ended 31 March 2024
1
General information
Solar Frame Solutions Limited is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 10101419
Its registered office is:
Oakways
Tubbs Lane
Highclere
Newbury, Bucks
RG20 9PQ
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Intangible fixed assets
Intangible fixed assets are initially recognised at cost and fair valued annually upon the directors opinion.
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.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

Current or deferred 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 and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
3
Employees
2024
2023
Number
Number
The average monthly number of employees (including directors) during the year was:
22
4
Intangible fixed assets
Patents and trade-marks
Total
£
£
Cost
At 1 April 2023
52,92752,927
At 31 March 2024
52,92752,927
Amortisation and impairment
Net book values
At 31 March 2024
52,92752,927
At 31 March 2023
52,92752,927
The company holds two patents, GB2526269 and GB2526196, which are registered on 12 September 2018 and 29 July 2020 respectively. They both relate to the invention of a solar-collector roofing assembly design. The directors continue to value the patents at their original cost in line with the revaluation model.
5
Debtors
2024
2023
£
£
VAT recoverable
272
272
6
Creditors:
amounts falling due within one year
2024
2023
£
£
Trade creditors
484-
Amounts owed to group undertakings
32,156
28,431
Other creditors
-156
Accruals and deferred income
625-
33,26528,587
7
Share Capital
The company has in issue 15,002 £1.00 Ordinary shares, all of which are fully paid up at par.
8
Reserves
Capital redemption reserve
Total other reserves
£
£
At 1 April 2022
7,500
7,500
At 31 March 2023 and 1 April 2023
7,500
7,500
At 31 March 2024
7,5007,500
Capital redemption reserve - records the nominal value of shares repurchased by the company.
Share premium account - includes any premiums received on issue of share capital. Any transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account - includes all current and prior period retained profits and losses.
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