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REGISTERED NUMBER: 08184586 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 August 2024

for

PV Plus Limited

Previously known as
Cablefrog Electrical Limited

PV Plus Limited (Registered number: 08184586)
previously known as Cablefrog Electrical Limited






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


PV Plus Limited
previously known as Cablefrog Electrical Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mrs M Parker-Fellows
Mr L P Parker-Fellows





REGISTERED OFFICE: Unit 9
Winchester Hill Business Park
Winchester Hill
Romsey
Hampshire
SO51 7UT





REGISTERED NUMBER: 08184586 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

PV Plus Limited (Registered number: 08184586)
previously known as Cablefrog Electrical Limited

Abridged Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 562,524 96,399

CURRENT ASSETS
Stocks 16,500 60,000
Debtors 323,550 196,617
Prepayments and accrued income 7,086 15,023
Cash at bank 274,003 324,268
621,139 595,908
CREDITORS
Amounts falling due within one year 397,830 286,033
NET CURRENT ASSETS 223,309 309,875
TOTAL ASSETS LESS CURRENT
LIABILITIES

785,833

406,274

CREDITORS
Amounts falling due after more than one year (231,373 ) (45,819 )

PROVISIONS FOR LIABILITIES (30,051 ) (24,313 )
NET ASSETS 524,409 336,142

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 524,309 336,042
SHAREHOLDERS' FUNDS 524,409 336,142

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

PV Plus Limited (Registered number: 08184586)
previously known as Cablefrog Electrical Limited

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 13 March 2025 and were signed on its behalf by:




Mr L P Parker-Fellows - Director



Mrs M Parker-Fellows - Director


PV Plus Limited (Registered number: 08184586)
previously known as Cablefrog Electrical Limited

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

PV Plus 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.

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.
Freehold property - 2% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

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.

PV Plus Limited (Registered number: 08184586)
previously known as Cablefrog Electrical Limited

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. ACCOUNTING POLICIES - continued

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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 161,617
Additions 516,632
At 31 August 2024 678,249
DEPRECIATION
At 1 September 2023 65,218
Charge for year 50,507
At 31 August 2024 115,725
NET BOOK VALUE
At 31 August 2024 562,524
At 31 August 2023 96,399

The net book value of motor vehicles held under hire purchase agreement was £20,434 (prior year: £60,230).

PV Plus Limited (Registered number: 08184586)
previously known as Cablefrog Electrical Limited

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 64,884 -

Amounts falling due between one and two years:
Bank loans - 1-2 years 64,884 -

Amounts falling due between two and five years:
Bank loans - 2-5 years 146,166 -

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 275,934 -

The loan is secured against the property in which it relates to.

7. PENSION COMMITMENTS

The company operates a money purchase pension scheme for the director and employees. The assets of the scheme are held separately from those of the company in an independently administered fund. At the balance sheet date, unpaid contributions of £1,045 (2023 - £1,062) were due to the fund. These are included within creditors.

8. OTHER FINANCIAL COMMITMENTS

The company had bank loan commitments at the financial year end totalling £275,934 (2023 - £Nil) and credit card commitments of £58 (£Nil). The loan is secured on a fixed and floating charge over the property in which it relates as lodged at Companies House to the National Westminster Bank PLC (Reg No 0818 4586 0003).

The company also had hire purchase commitments at the financial year end totalling £25,278 (2023 - £60,679).