IRIS Accounts Production v24.3.2.46 02516651 Board of Directors 1.5.23 30.4.24 30.4.24 29.1.25 false true false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh025166512023-04-30025166512024-04-30025166512023-05-012024-04-30025166512022-04-30025166512022-05-012023-04-30025166512023-04-3002516651ns15:EnglandWales2023-05-012024-04-3002516651ns14:PoundSterling2023-05-012024-04-3002516651ns10:Director12023-05-012024-04-3002516651ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3002516651ns10:SmallEntities2023-05-012024-04-3002516651ns10:Audited2023-05-012024-04-3002516651ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3002516651ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3002516651ns10:FullAccounts2023-05-012024-04-3002516651ns10:Director22023-05-012024-04-3002516651ns10:CompanySecretary12023-05-012024-04-3002516651ns10:RegisteredOffice2023-05-012024-04-3002516651ns5:CurrentFinancialInstruments2024-04-3002516651ns5:CurrentFinancialInstruments2023-04-3002516651ns5:Non-currentFinancialInstruments2024-04-3002516651ns5:Non-currentFinancialInstruments2023-04-3002516651ns5:ShareCapital2024-04-3002516651ns5:ShareCapital2023-04-3002516651ns5:RevaluationReserve2024-04-3002516651ns5:RevaluationReserve2023-04-3002516651ns5:RetainedEarningsAccumulatedLosses2024-04-3002516651ns5:RetainedEarningsAccumulatedLosses2023-04-3002516651ns5:OwnedOrFreeholdAssetsns5:LandBuildings2023-05-012024-04-3002516651ns5:FurnitureFittings2023-05-012024-04-3002516651ns5:ComputerEquipment2023-05-012024-04-3002516651ns5:LandBuildings2023-04-3002516651ns5:FurnitureFittings2023-04-3002516651ns5:ComputerEquipment2023-04-3002516651ns5:LandBuildings2023-05-012024-04-3002516651ns5:LandBuildings2024-04-3002516651ns5:FurnitureFittings2024-04-3002516651ns5:ComputerEquipment2024-04-3002516651ns5:LandBuildings2023-04-3002516651ns5:FurnitureFittings2023-04-3002516651ns5:ComputerEquipment2023-04-3002516651ns5:CostValuation2023-04-3002516651ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3002516651ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 02516651 (England and Wales)















Financial Statements for the Year Ended 30 April 2024

for

Solarvista Software Limited

Solarvista Software Limited (Registered number: 02516651)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Solarvista Software Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Mr Andrew Pyott
Mr Melvyn Paul Adams



SECRETARY: Mr Melvyn Paul Adams



REGISTERED OFFICE: 18 Atlas Way
Atlas North
Sheffield
South Yorkshire
S4 7QQ



REGISTERED NUMBER: 02516651 (England and Wales)



INDEPENDENT AUDITORS: Landin Wilcock & Co
Statutory Auditor
68 Queen Street
Sheffield
South Yorkshire
S1 1WR



BANKERS: National Westminster Bank Plc
69 Bridge Street
Worksop
Nottinghamshire
S80 1DJ



SOLICITORS: Knights plc
Commercial House
14 Commercial Street
Sheffield
South Yorkshire
S1 2AT

Solarvista Software Limited (Registered number: 02516651)

Balance Sheet
30 April 2024

30/4/24 30/4/23
Notes £    £   
FIXED ASSETS
Tangible assets 4 663,978 623,862
Investments 5 40,002 40,002
703,980 663,864

CURRENT ASSETS
Debtors 6 417,342 231,880
Cash at bank and in hand 859,119 660,483
1,276,461 892,363
CREDITORS
Amounts falling due within one year 7 (982,338 ) (660,157 )
NET CURRENT ASSETS 294,123 232,206
TOTAL ASSETS LESS CURRENT LIABILITIES 998,103 896,070

CREDITORS
Amounts falling due after more than one
year

8

(45,890

)

(45,890

)

PROVISIONS FOR LIABILITIES (7,257 ) (6,582 )
NET ASSETS 944,956 843,598

CAPITAL AND RESERVES
Called up share capital 40,000 40,000
Revaluation reserve 335,574 293,712
Retained earnings 569,382 509,886
944,956 843,598

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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





Mr Andrew Pyott - Director


Solarvista Software Limited (Registered number: 02516651)

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


1. STATUTORY INFORMATION

Solarvista Software 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. 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 as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Solarvista Software Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company's activities. Turnover is shown net of sales, value added tax, returns, rebates and discounts.

The company recognises revenue when:

The amount if revenue can be reliably measured; it is probable that future economic benefits will follow to the entity and specific criteria have been met for each of the company's activities.

Turnover for the supply of services represents the value of services provided under subscription contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Solarvista Software Limited (Registered number: 02516651)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Freehold property - 1% on cost/revaluation
Fixtures and fittings - 15% on reducing balance
Computer equipment - straight line over 3 years and straight line over 5 years

Tangible fixed assets are initially measured at cost. Subsequently, they are measured at cost less accumulated depreciation and impairment losses.

Within the fixtures and fittings category are solar panel assets, which are depreciated straight line over a period of 20 years.

Revaluation of properties

Individual freehold properties are revalued to fair value every year with the surplus or deficit on book value being transferred to the revaluation reserve, except that a deficit which is in excess of any previously recognised surplus over depreciated cost relating to the same property, or the reversal of such a deficit, is charged (or credited) to the income statement.

Government grants
Grants which are received by the company for compensation for expenses or losses are recognised in the same period as the related expenditure.

Grants received for capital items are deferred and released to the profit and loss account over the life of the asset to which it relates.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
Financial assets and liabilities are recognised when the company becomes party to the contractual provisions of the instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.


Solarvista Software Limited (Registered number: 02516651)

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


2. ACCOUNTING POLICIES - continued
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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Going concern
The directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 23 ) .

Solarvista Software Limited (Registered number: 02516651)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 May 2023 600,000 60,520 78,415 738,935
Additions - - 10,781 10,781
Disposals - - (11,877 ) (11,877 )
Revaluations 25,000 - - 25,000
At 30 April 2024 625,000 60,520 77,319 762,839
DEPRECIATION
At 1 May 2023 13,598 32,250 69,225 115,073
Charge for year 6,993 3,081 6,044 16,118
Eliminated on disposal - - (11,739 ) (11,739 )
Revaluation adjustments (20,591 ) - - (20,591 )
At 30 April 2024 - 35,331 63,530 98,861
NET BOOK VALUE
At 30 April 2024 625,000 25,189 13,789 663,978
At 30 April 2023 586,402 28,270 9,190 623,862

Included in cost or valuation of land and buildings is freehold land of £ 87,500 (2023 - £ 84,000 ) which is not depreciated.

Cost or valuation at 30 April 2024 is represented by:

Fixtures
Freehold and Computer
property fittings equipment Totals
£    £    £    £   
Valuation in 2000 48,985 - - 48,985
Valuation in 2003 75,000 - - 75,000
Valuation in 2004 25,000 - - 25,000
Valuation in 2007 80,000 - - 80,000
Valuation in 2009 18,000 - - 18,000
Valuation in 2012 (98,000 ) - - (98,000 )
Valuation in 2015 70,030 - - 70,030
Valuation in 2021 8,440 - - 8,440
Valuation in 2024 25,000 - - 25,000
Cost 372,545 60,520 77,319 510,384
625,000 60,520 77,319 762,839

Solarvista Software Limited (Registered number: 02516651)

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


4. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30/4/24 30/4/23
£    £   
Cost 372,545 372,545
Aggregate depreciation 83,119 79,855

Value of land in freehold land and buildings 46,400 46,400

Freehold land and buildings were valued on an open market basis on 22 December 2021 by Eddisons incorporating Fearnie Greaves .

The directors consider that their 2024 internal valuation of £625,000 is representative of the estimated current open market value.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 40,002
NET BOOK VALUE
At 30 April 2024 40,002
At 30 April 2023 40,002

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade debtors 359,242 195,015
Other debtors 58,100 36,865
417,342 231,880

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Trade creditors 39,383 28,461
Taxation and social security 104,635 53,207
Other creditors 838,320 578,489
982,338 660,157

Solarvista Software Limited (Registered number: 02516651)

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


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Amounts owed to group undertakings 45,890 45,890

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tom Henshaw (Senior Statutory Auditor)
for and on behalf of Landin Wilcock & Co

10. OTHER FINANCIAL COMMITMENTS

The company has total leasing commitments of £46,532 (2023 - £5,336) as at the balance sheet date.