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REGISTERED NUMBER: 03594331 (England and Wales)















SOLAR ELECTRONICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






SOLAR ELECTRONICS LIMITED (REGISTERED NUMBER: 03594331)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLAR ELECTRONICS LIMITED

COMPANY INFORMATION
for the Year Ended 31 DECEMBER 2023







DIRECTOR: Mr A D Pierce





REGISTERED OFFICE: Unit 3
Building 6
Stanmore Industrial Estate
Bridgnorth
Shropshire
WV15 5HR





REGISTERED NUMBER: 03594331 (England and Wales)





ACCOUNTANTS: Wallace Crooke
Chartered Accountants
College House
St. Leonards Close
Bridgnorth
Shropshire
WV16 4EJ

SOLAR ELECTRONICS LIMITED (REGISTERED NUMBER: 03594331)

BALANCE SHEET
31 DECEMBER 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 134,052 164,235

CURRENT ASSETS
Stocks 196,731 216,824
Debtors 5 497,906 691,638
Cash at bank and in hand 208,503 158,767
903,140 1,067,229
CREDITORS
Amounts falling due within one year 6 385,321 406,915
NET CURRENT ASSETS 517,819 660,314
TOTAL ASSETS LESS CURRENT
LIABILITIES

651,871

824,549

CREDITORS
Amounts falling due after more than one
year

7

58,140

78,070
NET ASSETS 593,731 746,479

CAPITAL AND RESERVES
Called up share capital 8 10,010 10,010
Retained earnings 583,721 736,469
SHAREHOLDERS' FUNDS 593,731 746,479

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 ELECTRONICS LIMITED (REGISTERED NUMBER: 03594331)

BALANCE SHEET - continued
31 DECEMBER 2023


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 director and authorised for issue on 20 September 2024 and were signed by:





Mr A D Pierce - Director


SOLAR ELECTRONICS LIMITED (REGISTERED NUMBER: 03594331)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 DECEMBER 2023

1. STATUTORY INFORMATION

Solar Electronics 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 company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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 - 0.7% to 5% on cost and 10% to 25% on reducing balance
Motor vehicles - 25% on cost

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

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 13 (2022 - 13 ) .

SOLAR ELECTRONICS LIMITED (REGISTERED NUMBER: 03594331)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Office Motor
equipment vehicles Totals
£    £    £   
COST
At 1 January 2023 98,183 126,335 224,518
Additions 10,624 - 10,624
Disposals (1,790 ) - (1,790 )
At 31 December 2023 107,017 126,335 233,352
DEPRECIATION
At 1 January 2023 56,072 4,211 60,283
Charge for year 15,291 25,267 40,558
Eliminated on disposal (1,541 ) - (1,541 )
At 31 December 2023 69,822 29,478 99,300
NET BOOK VALUE
At 31 December 2023 37,195 96,857 134,052
At 31 December 2022 42,111 122,124 164,235

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade debtors 23,499 17,051
Amounts owed by participating interests 438,100 635,300
Other debtors 36,307 39,287
497,906 691,638

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts 19,934 19,936
Trade creditors 171,982 241,261
Taxation and social security 178,520 133,118
Other creditors 14,885 12,600
385,321 406,915

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/12/23 31/12/22
£    £   
Hire purchase contracts 58,140 78,070

SOLAR ELECTRONICS LIMITED (REGISTERED NUMBER: 03594331)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 DECEMBER 2023

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31/12/23 31/12/22
value: £    £   
10,000 Ordinary share capital £1 10,000 10,000
10 Ordinary "B" £1 10 10
10,010 10,010

9. RELATED PARTY DISCLOSURES

.

The ultimate controlling party is Mr A D Pierce.