IRIS Accounts Production v24.3.0.553 09276548 Board of Directors 1.2.23 31.1.24 31.1.24 true false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh092765482023-01-31092765482024-01-31092765482023-02-012024-01-31092765482022-01-31092765482022-02-012023-01-31092765482023-01-3109276548ns15:EnglandWales2023-02-012024-01-3109276548ns14:PoundSterling2023-02-012024-01-3109276548ns10:Director12023-02-012024-01-3109276548ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3109276548ns10:SmallEntities2023-02-012024-01-3109276548ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3109276548ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3109276548ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3109276548ns10:FullAccounts2023-02-012024-01-3109276548ns10:OrdinaryShareClass12023-02-012024-01-3109276548ns10:OrdinaryShareClass22023-02-012024-01-3109276548ns10:OrdinaryShareClass32023-02-012024-01-3109276548ns10:Director22023-02-012024-01-3109276548ns10:Director32023-02-012024-01-3109276548ns10:Director42023-02-012024-01-3109276548ns10:Director52023-02-012024-01-3109276548ns10:Director62023-02-012024-01-3109276548ns10:Director72023-02-012024-01-3109276548ns10:RegisteredOffice2023-02-012024-01-3109276548ns5:CurrentFinancialInstruments2024-01-3109276548ns5:CurrentFinancialInstruments2023-01-3109276548ns5:Non-currentFinancialInstruments2024-01-3109276548ns5:Non-currentFinancialInstruments2023-01-3109276548ns5:ShareCapital2024-01-3109276548ns5:ShareCapital2023-01-3109276548ns5:RetainedEarningsAccumulatedLosses2024-01-3109276548ns5:RetainedEarningsAccumulatedLosses2023-01-3109276548ns5:PlantMachinery2023-02-012024-01-3109276548ns5:PlantMachinery2023-01-3109276548ns5:PlantMachinery2024-01-3109276548ns5:PlantMachinery2023-01-3109276548ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3109276548ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-3109276548ns10:OrdinaryShareClass12024-01-3109276548ns10:OrdinaryShareClass22024-01-3109276548ns10:OrdinaryShareClass32024-01-3109276548ns5:RetainedEarningsAccumulatedLosses2023-01-3109276548ns5:RetainedEarningsAccumulatedLosses2023-02-012024-01-31092765481ns10:Director12023-01-31092765481ns10:Director12022-01-31092765481ns10:Director12023-02-012024-01-31092765481ns10:Director12022-02-012023-01-31092765481ns10:Director12024-01-31092765481ns10:Director12023-01-31
REGISTERED NUMBER: 09276548 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

SOL PV GROUP LIMITED

SOL PV GROUP LIMITED (REGISTERED NUMBER: 09276548)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SOL PV GROUP LIMITED

Company Information
for the Year Ended 31 January 2024







DIRECTORS: Mrs F L Waite
A Waite
C M P Marsden
B G Reynolds
M A Bottomley
J R Thompson
R Wheale





REGISTERED OFFICE: Enterprise House
The Courtyard
Old Court House Road
Bromborough
Wirral
CH62 4UE





REGISTERED NUMBER: 09276548 (England and Wales)





ACCOUNTANTS: LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE

SOL PV GROUP LIMITED (REGISTERED NUMBER: 09276548)

Statement of Financial Position
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 300,001 96,104

CURRENT ASSETS
Stocks 251,477 -
Debtors 5 2,520,505 3,931,513
Cash at bank 419,593 581,303
3,191,575 4,512,816
CREDITORS
Amounts falling due within one year 6 1,412,548 1,720,182
NET CURRENT ASSETS 1,779,027 2,792,634
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,079,028

2,888,738

CREDITORS
Amounts falling due after more than one
year

7

237,023

102,305
NET ASSETS 1,842,005 2,786,433

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 1,841,905 2,786,333
SHAREHOLDERS' FUNDS 1,842,005 2,786,433

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

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

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





A Waite - Director


SOL PV GROUP LIMITED (REGISTERED NUMBER: 09276548)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

SOL PV Group 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.

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 etc - 33% on reducing balance and 25% 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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 year was 30 (2023 - 15 ) .

SOL PV GROUP LIMITED (REGISTERED NUMBER: 09276548)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 131,652
Additions 234,961
At 31 January 2024 366,613
DEPRECIATION
At 1 February 2023 35,548
Charge for year 31,064
At 31 January 2024 66,612
NET BOOK VALUE
At 31 January 2024 300,001
At 31 January 2023 96,104

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 1,528,719 3,002,867
Other debtors 991,786 928,646
2,520,505 3,931,513

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 28,006 57,273
Trade creditors 152,908 564,730
Taxation and social security 720,043 1,080,971
Other creditors 511,591 17,208
1,412,548 1,720,182

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£    £   
Hire purchase contracts 237,023 102,305

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Hire purchase contracts 237,023 102,305

Hire purchases are secured on the individual assets concerned.

SOL PV GROUP LIMITED (REGISTERED NUMBER: 09276548)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.24 31.1.23
value: £    £   
40 Ordinary A £1 40 40
40 Ordinary B £1 40 40
20 Ordinary C £1 20 20
100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 2,786,333
Deficit for the year (770,428 )
Dividends (174,000 )
At 31 January 2024 1,841,905

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
A Waite
Balance outstanding at start of year 401,538 204,455
Amounts advanced 546,484 409,192
Amounts repaid (174,000 ) (212,109 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 774,022 401,538

12. ULTIMATE CONTROLLING PARTY

In the opinion of the directors Mr & Mrs A Waite are the ultimate controlling parties.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
SOL PV Group Limited (Registered number: 09276548)

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of SOL PV Group Limited for the year ended 31 January 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of SOL PV Group Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of SOL PV Group Limited and state those matters that we have agreed to state to the Board of Directors of SOL PV Group Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than SOL PV Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that SOL PV Group Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of SOL PV Group Limited. You consider that SOL PV Group Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of SOL PV Group Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






LBW Chartered Accountants
Enterprise House
The Courtyard
Old Courthouse Road
Bromborough
Merseyside
CH62 4UE


30 October 2024