SOLAR COLLECT LIMITED

Company Registration Number:
06234018 (England and Wales)

Unaudited statutory accounts for the year ended 31 May 2024

Period of accounts

Start date: 01 June 2023

End date: 31 May 2024

SOLAR COLLECT LIMITED

Company Information

for the Period Ended 31 May 2024




Director: Peter William Murray
Susan Jacquet
Secretary: Susan Jacquet
Registered office: 2
Masonwood
Fulwood
Preston
Lancashire
PR2 8WB
Company Registration Number: 06234018 (England and Wales)

SOLAR COLLECT LIMITED

Directors' Report Period Ended 31 May 2024

The directors present their report with the financial statements of the company for the period ended 31 May 2024

Principal Activities

Internet sales of renewable energy equipment

Directors

The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
Peter William Murray
Susan Jacquet

Secretary
Susan Jacquet

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: Peter William Murray
Status: Director

SOLAR COLLECT LIMITED

Profit and Loss Account

for the Period Ended 31 May 2024


Notes

2024
£

2023
£
Turnover 1,499 2,048
Cost of sales ( 1,004 ) ( 1,687 )
Gross Profit or (Loss) 495 361
Income from coronavirus (COVID-19) business support grants 0 0
Distribution Costs ( 261 ) ( 577 )
Administrative Expenses ( 2,576 ) ( 3,958 )
Other operating income 0 0
Operating Profit or (Loss) ( 2,342 ) ( 4,174 )
Interest Receivable and Similar Income 349 86
Interest Payable and Similar Charges ( 0 ) ( 0 )
Profit or (Loss) Before Tax 4 ( 1,993 ) ( 4,088 )
Tax on Profit ( 70 ) ( 17 )
Profit or (Loss) for Period ( 2,063 ) ( 4,105 )

The notes form part of these financial statements

SOLAR COLLECT LIMITED

Balance sheet

As at 31 May 2024


Notes

2024
£

2023
£
Fixed assets
Intangible assets: 5 179 224
Total fixed assets: 179 224
Current assets
Stocks: 21,901 22,905
Debtors: 6 29 121
Cash at bank and in hand: 26,318 27,279
Total current assets: 48,248 50,305
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 92 ) ( 131 )
Net current assets (liabilities): 48,156 50,174
Total assets less current liabilities: 48,335 50,398
Creditors: amounts falling due after more than one year: 8 ( 75,000 ) ( 75,000 )
Provision for liabilities: ( 0 ) ( 0 )
Accruals and deferred income: ( 0 ) ( 0 )
Total net assets (liabilities): ( 26,665 ) ( 24,602 )

The notes form part of these financial statements

SOLAR COLLECT LIMITED

Balance sheet continued

As at 31 May 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 610 610
Profit and loss account: ( 27,275 ) ( 25,212 )
Shareholders funds: ( 26,665 ) ( 24,602 )

For the year ending 31 May 2024 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 30 October 2024
And Signed On Behalf Of The Board By:

Name: Peter William Murray
Status: Director

The notes form part of these financial statements

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover exclusive of VAT

    Intangible fixed assets amortisation policy

    Amortisation of 10% on a straight line basis

    Valuation information and policy

    Stocks are valued at the lower of cost or net realisable value. Costs include all direct relevant expenditure.

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 0 0

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

  • 3. Off balance sheet disclosure

    No

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

4.Profit or (Loss) before tax

Turnover is exclusive of VAT

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

5. Intangible assets

Other Total
Cost £ £
At 01 June 2023 980 980
Additions 0 0
Disposals ( 0 ) ( 0 )
Revaluations 0 0
Transfers 0 0
At 31 May 2024 980 980
Amortisation
Amortisation at 01 June 2023 756 756
Charge for year 45 45
On disposals ( 0 ) ( 0 )
Other adjustments 0 0
Amortisation at 31 May 2024 801 801
Net book value
Net book value at 31 May 2024 179 179
Net book value at 31 May 2023 224 224

Domaine Name, Trade Mark, Cart Software, Trademark Renewal

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

6. Debtors


2024
£

2023
£
Trade debtors 0 0
Prepayments and accrued income 0 0
Other debtors 29 121
Total 29 121
Debtors due after more than one year: 0 0

VAT repayment owing from HMRC

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Trade creditors 0 0
Taxation and social security 0 0
Accruals and deferred income 0 0
Other creditors 92 131
Total 92 131

VAT and Corporation tax owing to HMRC

SOLAR COLLECT LIMITED

Notes to the Financial Statements

for the Period Ended 31 May 2024

8.Creditors: amounts falling due after more than one year


2024
£

2023
£
Bank loans and overdrafts 0 0
Amounts due under finance leases and hire purchase contracts 0 0
Other creditors 75,000 75,000
Total 75,000 75,000

Debenture due date amended to October 2025