Company Registration No. 07951467 (England and Wales)
SOLAR SOLUTIONS SW LTD
Unaudited accounts
for the year ended 29 February 2024
SOLAR SOLUTIONS SW LTD
Unaudited accounts
Contents
SOLAR SOLUTIONS SW LTD
Company Information
for the year ended 29 February 2024
Company Number
07951467 (England and Wales)
Registered Office
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
SOLAR SOLUTIONS SW LTD
Statement of financial position
as at 29 February 2024
Tangible assets
25,090
31,687
Cash at bank and in hand
10,545
5,105
Creditors: amounts falling due within one year
(27,182)
(19,768)
Net current assets
82,828
85,678
Total assets less current liabilities
107,918
117,365
Creditors: amounts falling due after more than one year
(4,788)
(8,668)
Net assets
103,130
108,697
Called up share capital
1
1
Profit and loss account
103,129
108,696
Shareholders' funds
103,130
108,697
For the year ending 29 February 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 November 2024 and were signed on its behalf by
M P Lewis
Director
Company Registration No. 07951467
SOLAR SOLUTIONS SW LTD
Notes to the Accounts
for the year ended 29 February 2024
SOLAR SOLUTIONS SW LTD is a private company, limited by shares, registered in England and Wales, registration number 07951467. The registered office is 151 WHITELADIES ROAD, CLIFTON, BRISTOL, BS8 2RA .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance method
Motor vehicles
20% Reducing balance method
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
SOLAR SOLUTIONS SW LTD
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
326,443
1,200
625
328,268
Disposals
(3,592)
-
-
(3,592)
At 29 February 2024
322,851
1,200
625
324,676
At 1 March 2023
296,151
368
62
296,581
Charge for the year
5,997
166
125
6,288
On disposals
(3,283)
-
-
(3,283)
At 29 February 2024
298,865
534
187
299,586
At 29 February 2024
23,986
666
438
25,090
At 28 February 2023
30,292
832
563
31,687
Amounts falling due within one year
Trade debtors
12,934
11,344
Deferred tax asset
17,577
16,271
Accrued income and prepayments
16,065
20,233
Amounts falling due after more than one year
Other debtors
47,587
44,072
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,410
3,400
Taxes and social security
723
514
Other creditors
22,249
14,998
7
Creditors: amounts falling due after more than one year
2024
2023
SOLAR SOLUTIONS SW LTD
Notes to the Accounts
for the year ended 29 February 2024
8
Deferred taxation
2024
2023
Accelerated capital allowances
(16,025)
(15,362)
Tax losses carried forward
(1,552)
(909)
Provision at start of year
(16,271)
(16,139)
Credited to the profit and loss account
(1,306)
(132)
Provision at end of year
(17,577)
(16,271)
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
10
Operating lease commitments
2024
2023
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
36,174
36,174
Later than one year and not later than five years
65,342
101,515
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors Loan
3,515
-
3,515
-
12
Average number of employees
During the year the average number of employees was 1 (2023: 1).