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REGISTERED NUMBER: 10407366 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st October 2024

for

SOLENT ELECTRICAL INSTALLATIONS LTD

SOLENT ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 10407366)






Contents of the Financial Statements
for the Year Ended 31st October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLENT ELECTRICAL INSTALLATIONS LTD

Company Information
for the Year Ended 31st October 2024







DIRECTORS: L Jenkins
D Wheeler





REGISTERED OFFICE: 89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ





REGISTERED NUMBER: 10407366 (England and Wales)





ACCOUNTANTS: Graham Martin & Co
Accountants
89 Leigh Road
Eastleigh
Hampshire
SO50 9DQ

SOLENT ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 10407366)

Balance Sheet
31st October 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 51,325 48,159

CURRENT ASSETS
Stocks 5,000 5,000
Debtors 5 10,895 12,003
Cash at bank and in hand 54,783 90,939
70,678 107,942
CREDITORS
Amounts falling due within one year 6 18,602 39,288
NET CURRENT ASSETS 52,076 68,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,401

116,813

CREDITORS
Amounts falling due after more than one
year

7

(37,428

)

(41,741

)

PROVISIONS FOR LIABILITIES (9,752 ) (9,150 )
NET ASSETS 56,221 65,922

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 56,121 65,822
SHAREHOLDERS' FUNDS 56,221 65,922

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

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

SOLENT ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 10407366)

Balance Sheet - continued
31st October 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 13th May 2025 and were signed on its behalf by:




L Jenkins - Director



D Wheeler - Director


SOLENT ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 10407366)

Notes to the Financial Statements
for the Year Ended 31st October 2024

1. STATUTORY INFORMATION

Solent Electrical Installations Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

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 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

SOLENT ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 10407366)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st November 2023 94,372
Additions 22,768
Disposals (14,011 )
At 31st October 2024 103,129
DEPRECIATION
At 1st November 2023 46,213
Charge for year 17,108
Eliminated on disposal (11,517 )
At 31st October 2024 51,804
NET BOOK VALUE
At 31st October 2024 51,325
At 31st October 2023 48,159

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1st November 2023 55,000
Additions 22,768
At 31st October 2024 77,768
DEPRECIATION
At 1st November 2023 13,750
Charge for year 16,005
At 31st October 2024 29,755
NET BOOK VALUE
At 31st October 2024 48,013
At 31st October 2023 41,250

SOLENT ELECTRICAL INSTALLATIONS LTD (REGISTERED NUMBER: 10407366)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 9,465 9,317
Other debtors 1,430 2,686
10,895 12,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 6,000 6,000
Hire purchase contracts 18,845 16,968
Trade creditors 200 514
Taxation and social security (10,593 ) (8,344 )
Other creditors 4,150 24,150
18,602 39,288

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 5,000 11,000
Hire purchase contracts 32,428 30,741
37,428 41,741

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st October 2024 and 31st October 2023:

2024 2023
£    £   
L Jenkins
Balance outstanding at start of year 12,963 13,512
Amounts repaid (10,000 ) (549 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,963 12,963

D Wheeler
Balance outstanding at start of year 12,961 13,511
Amounts repaid (10,000 ) (550 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,961 12,961

9. ULTIMATE CONTROLLING PARTY

The company is under the control of the directors and equal shareholders Mr L Jenkins and Mr D Wheeler.