South East Solar and Electrical Limited


FINANCIAL STATEMENTS


for the year ended 30th April 2024



South East Solar and Electrical Limited

CONTENTS

for the year ended 30th April 2024







The Accounts are comprised of the following:

Statement of Financial Position

Notes to the Accounts



Please note that the Accounts comprise of HTML and iXBRL source code and that this is a printed or visual representation of that source code some of which will not be displayed or printed.

South East Solar and Electrical Limited

Company No. 09345242

STATEMENT OF FINANCIAL POSITION

as at 30th April 2024

20242023
Note£££
FIXED ASSETS
Property, plant and equipment4595711366157
595711366157
CURRENT ASSETS
Stocks5135000-
Debtors6598171407381
Cash at bank and in hand30722224941
1040393432322
CURRENT LIABILITIES
Creditors: amounts falling due
within one year71106036462822
NET CURRENT LIABILITIES(65643)(30500)
TOTAL ASSETS LESS CURRENT LIABILITIES530068335657
 
Creditors: amounts falling due
after more than one year814007195420
 
NET ASSETS389997240237
 
CAPITAL AND RESERVES
Called up share capital44
Retained earnings389993240233
SHAREHOLDERS FUNDS389997240237

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies which are subject to the small companies' regime. The Income Statement has not been delivered to the Registrar of Companies.

For the year ended 30th April 2024 the Company is entitled to the exemption from the requirement to obtain an audit conferred by section 477 of the Companies Act 2006 and the members have not required the company to obtain an audit in accordance with section 476 of the Act.

The Directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the Board on 30 January 2025


O Lloyd

Director

Company Number 09345242 (England)

South East Solar and Electrical Limited

NOTES TO THE ACCOUNTS

for the year ended 30th April 2024


1   Statutory information

South East Solar and Electrical Limited is a private company limited by shares and registered under company number 09345242 in England. Its registered office address is 12, Hatherley Road, Sidcup, Kent, DA14 4DT.

These financial statements are presented in Sterling, which is the functional currency of the company.

2   Accounting policies

Basis of preparation of financial statements

The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below, and in accordance with Financial Reporting Standard 102 Section 1A and the Companies Act 2006.

Income Recognition

Revenue is measured at the fair value of the consideration received or receivable. Turnover is shown net of value added tax, returns, rebates and discounts. Revenue is recognised for the sale of goods when the vendor has transferred the significant risks and rewards of ownership, it is possible that the economic benefit will flow to the entity and the revenue and associated costs can be reliably measured.

Depreciation

Depreciation is provided on all property, plant and equipment, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Plant, machinery and vehicles20-25% reducing balance

Stocks

Stocks are valued at the lower of cost and expected selling price less any costs to sell.

Leasing

Assets, obtained under hire purchase contracts and finance leases, are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Leasing and hire purchase commitments

Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the Company, are capitalised in the Statement of Financial Position and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the Statement of Financial Position as a liability.

The interest element of the rental obligations is charged to the Income Statement over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Pensions

The Company operates a defined contribution pension scheme. Contributions are charged to the Income Statement as they become payable in accordance with the rules of the scheme.

3   Employee information

The average number of employees during the accounting period was 42 (2023 - 8).

4   Property, plant and equipment
 
PlantFixtures
Motorandand
VehiclesMachineryFittingsTotal
££££
Cost
At 1st May 2023 2912715805093142442463
Additions229856158244755276193
Disposals(39983)--(39983)
At 30th April 202448114459632137897678673
 
Depreciation
At 1st May 2023 34053132962895776306
Charge for year971757921049326002
On disposals(19346)--(19346)
At 30th April 202424424190883945082962
 
Net Book Value
At 30th April 20244567204054498447595711
At 30th April 20232572184475464185366157
 
Net book value of assets included above held
 under finance leases and hire purchase contracts
 
At 30th April 2024165753--165753
At 30th April 202395953--95953

5   Stocks20242023
££
 
Finished goods and goods for resale135000-
135000-

The difference between purchase price or production cost of stocks and their replacement cost is not material.


6   Debtors20242023
££
 
Trade Debtors235401131693
Other debtors196182236325
Prepayments and accrued income16658839363
598171407381

7   Creditors: amounts falling due within one year20242023
££
 
Loans and Overdrafts258718490
Obligations under finance lease and hire purchase contracts7361515640
Trade Creditors623546204883
Corporation tax10663-
Taxes and social security costs80769108876
Other creditors1594416560
Accruals and deferred income275628108373
1106036462822

8   Creditors: amounts falling due after one year20242023
££
 
Loans and Overdrafts-22425
Obligations under finance lease and hire purchase contracts14007172995
14007195420

9   Loans20242023
££
Analysis of maturity of debt:
 
Within one year258718490
Between one and five years-22425
2587130915

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