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REGISTERED NUMBER: 04310416 (England and Wales)















SOLAR WORKS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






SOLAR WORKS LIMITED (REGISTERED NUMBER: 04310416)

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










Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


SOLAR WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr M W Norman





REGISTERED OFFICE: Frogs Hall Farm
Lavenham
Sudbury
Suffolk
CO10 9QH





REGISTERED NUMBER: 04310416 (England and Wales)

SOLAR WORKS LIMITED (REGISTERED NUMBER: 04310416)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 906 1,075

CURRENT ASSETS
Stocks 21,169 22,228
Debtors 5 11,363 40,178
Cash at bank 39,384 173,691
71,916 236,097
CREDITORS
Amounts falling due within one year 6 (62,992 ) (71,774 )
NET CURRENT ASSETS 8,924 164,323
TOTAL ASSETS LESS CURRENT LIABILITIES 9,830 165,398

PROVISIONS FOR LIABILITIES (227 ) (204 )
NET ASSETS 9,603 165,194

CAPITAL AND RESERVES
Called up share capital 5,002 5,002
Retained earnings 4,601 160,192
SHAREHOLDERS' FUNDS 9,603 165,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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 WORKS LIMITED (REGISTERED NUMBER: 04310416)

BALANCE SHEET - continued
31 MARCH 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 director and authorised for issue on 1 August 2024 and were signed by:





Mr M W Norman - Director


SOLAR WORKS LIMITED (REGISTERED NUMBER: 04310416)

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


1. STATUTORY INFORMATION

Solar Works 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.

For the purposes of presentation, the financial statements are rounded to the nearest Pound Sterling (£).

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.

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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

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.

Financial instruments
Basic financial instruments are recognised at amortised cost.

SOLAR WORKS LIMITED (REGISTERED NUMBER: 04310416)

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


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 1,307 9,750 3,086 14,143
DEPRECIATION
At 1 April 2023 1,000 9,675 2,393 13,068
Charge for year 46 19 104 169
At 31 March 2024 1,046 9,694 2,497 13,237
NET BOOK VALUE
At 31 March 2024 261 56 589 906
At 31 March 2023 307 75 693 1,075

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 6,000 29,089
Other debtors - 3,296
VAT 2,025 3,826
Prepayments 3,338 3,967
11,363 40,178

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,190 438
Corporation tax 14,584 16,823
Social security and other taxes 460 -
Directors' current accounts 44,113 52,918
Accruals and deferred income 1,645 1,595
62,992 71,774