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REGISTERED NUMBER: 07811379 (England and Wales)














Solar Savings 4U Limited

Unaudited Financial Statements

for the Year Ended 30 April 2024






Solar Savings 4U Limited (Registered number: 07811379)

Contents of the Financial Statements
for the Year Ended 30 April 2024










Page

Company information 1

Chartered accountants' report 2

Statement of financial position 3

Notes to the financial statements 5


Solar Savings 4U Limited

Company Information
for the Year Ended 30 April 2024







Directors: L Brownlow
D N Russell





Registered office: 3 Stags Holt Farm
Coldham Bank
March
Cambs
PE15 0BS





Business address: 3 Stags Holt Farm
Coldham Bank
March
Cambridgeshire
PE15 0BS





Registered number: 07811379 (England and Wales)





Accountants: Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Solar Savings 4U Limited


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 Directors' report 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 Solar Savings 4U Limited for the year ended 30 April 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 Solar Savings 4U 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 Solar Savings 4U Limited and state those matters that we have agreed to state to the Board of Directors of Solar Savings 4U 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 Solar Savings 4U Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Solar Savings 4U 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 profit of Solar Savings 4U Limited. You consider that Solar Savings 4U 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 Solar Savings 4U 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.






Moore Thompson
Monica House
St Augustines Road
Wisbech
Cambridgeshire
PE13 3AD


11 December 2024

Solar Savings 4U Limited (Registered number: 07811379)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 97,585 144,213

Current assets
Stocks 600,000 600,000
Debtors 6 599,664 474,002
Cash at bank and in hand 81,230 69,383
1,280,894 1,143,385
Creditors
Amounts falling due within one year 7 555,128 470,888
Net current assets 725,766 672,497
Total assets less current liabilities 823,351 816,710

Creditors
Amounts falling due after more than one
year

8

(11,371

)

(21,601

)

Provisions for liabilities (24,396 ) (36,053 )
Net assets 787,584 759,056

Capital and reserves
Called up share capital 100 100
Retained earnings 787,484 758,956
787,584 759,056

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Solar Savings 4U Limited (Registered number: 07811379)

Statement of Financial Position - continued
30 April 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 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 10 December 2024 and were signed on its behalf by:




L Brownlow - Director



D N Russell - Director


Solar Savings 4U Limited (Registered number: 07811379)

Notes to the Financial Statements
for the Year Ended 30 April 2024


1. Statutory information

Solar Savings 4U 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. Statement of compliance

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.

3. Accounting policies

Basis of preparing the financial statements
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 - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


Solar Savings 4U Limited (Registered number: 07811379)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


3. Accounting policies - continued
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.

4. Employees and directors

The average number of employees during the year was 4 (2023 - 4 ) .

5. Tangible fixed assets
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 143,239 92,555 1,476 237,270
Additions - 8,001 - 8,001
Disposals - (50,842 ) - (50,842 )
At 30 April 2024 143,239 49,714 1,476 194,429
Depreciation
At 1 May 2023 55,324 36,437 1,296 93,057
Charge for year 21,979 10,549 180 32,708
Eliminated on disposal - (28,921 ) - (28,921 )
At 30 April 2024 77,303 18,065 1,476 96,844
Net book value
At 30 April 2024 65,936 31,649 - 97,585
At 30 April 2023 87,915 56,118 180 144,213

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 122,628 25,272
Other debtors 466,682 431,682
VAT - 15,709
Prepayments 10,354 1,339
599,664 474,002

Solar Savings 4U Limited (Registered number: 07811379)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024


7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 353,426 343,176
Trade creditors 119,965 82,353
Corporation Tax 51,620 29,244
Social security and other taxes 6,792 3,676
VAT 10,981 -
Directors' loan accounts 9,594 9,689
Accrued expenses 2,750 2,750
555,128 470,888

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 11,371 10,230
Bank loans - 2-5 years - 11,371
11,371 21,601

9. Related party disclosures

During the year, the directors made unsecured, interest free loans to the company, which are deemed payable on demand. The amount outstanding at the balance sheet date is £9,594 (2023: £9,689).