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REGISTERED NUMBER: 04798776 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

SOLUTIONS ELECTRICAL (DISTRIBUTION) LTD

SOLUTIONS ELECTRICAL (DISTRIBUTION) LTD (REGISTERED NUMBER: 04798776)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLUTIONS ELECTRICAL (DISTRIBUTION) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: A H Rossiter
J S Macey





SECRETARY: A H Rossiter





REGISTERED OFFICE: 367B Church Road
Frampton Cotterell
Bristol
BS36 2AQ





REGISTERED NUMBER: 04798776 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

SOLUTIONS ELECTRICAL (DISTRIBUTION) LTD (REGISTERED NUMBER: 04798776)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 5,785 5,368

CURRENT ASSETS
Stocks 10,833 11,747
Debtors 5 188,855 200,527
Cash at bank and in hand 65,748 36,428
265,436 248,702
CREDITORS
Amounts falling due within one year 6 (234,531 ) (194,506 )
NET CURRENT ASSETS 30,905 54,196
TOTAL ASSETS LESS CURRENT
LIABILITIES

36,690

59,564

PROVISIONS FOR LIABILITIES (1,342 ) (1,059 )
NET ASSETS 35,348 58,505

CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 35,344 58,501
SHAREHOLDERS' FUNDS 35,348 58,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

SOLUTIONS ELECTRICAL (DISTRIBUTION) LTD (REGISTERED NUMBER: 04798776)

BALANCE SHEET - continued
31 JULY 2024


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 23 September 2024 and were signed on its behalf by:




A H Rossiter - Director



J S Macey - Director


SOLUTIONS ELECTRICAL (DISTRIBUTION) LTD (REGISTERED NUMBER: 04798776)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Solutions Electrical (Distribution) 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.

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.
Office equipment - Straight line over 3 years
Fixtures and fittings - 25% on reducing balance
Computer equipment - Straight line over 3 years

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

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.

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.

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 4 (2023 - 4 ) .

SOLUTIONS ELECTRICAL (DISTRIBUTION) LTD (REGISTERED NUMBER: 04798776)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Office and Computer
equipment fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 9,083 13,669 13,286 36,038
Additions - 1,024 2,831 3,855
At 31 July 2024 9,083 14,693 16,117 39,893
DEPRECIATION
At 1 August 2023 8,393 10,614 11,663 30,670
Charge for year 457 1,019 1,962 3,438
At 31 July 2024 8,850 11,633 13,625 34,108
NET BOOK VALUE
At 31 July 2024 233 3,060 2,492 5,785
At 31 July 2023 690 3,055 1,623 5,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 188,855 200,527

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 119,544 117,703
Taxation and social security 71,611 70,301
Other creditors 43,376 6,502
234,531 194,506

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The directors own the issued voting share capital and therefore control the company.