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Registered Number: 11422820
England and Wales

 

 

 

CREATE SOLAR UK LIMITED



Unaudited Financial Statements
 


Period of accounts

Start date: 01 September 2023

End date: 31 August 2024
Directors Mr S Richardson
Mrs C Richardson
Registered Number 11422820
Registered Office 12a Dockray Hall Mill
Dockray Hall Road
Kendal
Cumbria
LA9 4RU
Accountants Shaun Brown Accountants Ltd
14A Hartness Road
Gilwilly Industrial Estate
Penrith
Cumbria
CA11 9BD
1
 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Tangible fixed assets 3 53,869    71,825 
Investments 4 199,300    199,300 
253,169    271,125 
Current assets      
Debtors 5 198,920    188,468 
Cash at bank and in hand 10,805    23,392 
209,725    211,860 
Creditors: amount falling due within one year 6 (63,214)   (40,693)
Net current assets 146,511    171,167 
 
Total assets less current liabilities 399,680    442,292 
Creditors: amount falling due after more than one year 7 (29,942)   (35,873)
Provisions for liabilities 8 (13,468)   (17,957)
Net assets 356,270    388,462 
 

Capital and reserves
     
Called up share capital 9 100    100 
Profit and loss account 356,170    388,362 
Shareholders' funds 356,270    388,462 
 


For the year ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. 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.
These 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 to the Registrar of Companies.
The financial statements were approved by the board of directors on 31 May 2025 and were signed on its behalf by:


-------------------------------
Mr S Richardson
Director
2
General Information
Create Solar UK Limited is a private company, limited by shares, registered in England and Wales, registration number 11422820, registration address 12a Dockray Hall Mill, Dockray Hall Road, Kendal, Cumbria, LA9 4RU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Group accounts
The company is a parent company subject to the small companies regime. The company and its subsidiary comprise a small group. The company has, therefore, taken advantage of the option provided by section 398 of the Companies Act 2006 not to prepare group accounts.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Finance lease and hire purchase charges
The finance element of the rental payment is charged to the income statement on a straight line basis.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Reducing Balance
Computer Equipment 25% Reducing Balance
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the year was 2 (2023 : 10).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Motor Vehicles   Computer Equipment   Total
  £   £   £   £
At 01 September 2023 118,422    36,749    6,417    161,588 
Additions      
Disposals      
At 31 August 2024 118,422    36,749    6,417    161,588 
Depreciation
At 01 September 2023 69,819    16,078    3,866    89,763 
Charge for year 12,151    5,167    638    17,956 
On disposals      
At 31 August 2024 81,970    21,245    4,504    107,719 
Net book values
Closing balance as at 31 August 2024 36,452    15,504    1,913    53,869 
Opening balance as at 01 September 2023 48,603    20,671    2,551    71,825 


4.

Investments

Cost Investments in group undertakings   Total
  £   £
At 01 September 2023 199,300    199,300 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 August 2024 199,300    199,300 

5.

Debtors: amounts falling due within one year

2024
£
  2023
£
Trade Debtors 457    4,882 
Other Debtors   6,798 
Other Debtors - Subsidiary Companies 198,463    176,788 
198,920    188,468 

6.

Creditors: amount falling due within one year

2024
£
  2023
£
Corporation Tax 3,934    3,181 
Accrued Expenses 1,720    3,240 
Obligations under HP/Financial Leases 19,778    22,395 
Wages & Salaries Control Account  
Directors' Current Accounts 30,355    4,927 
VAT 7,427    6,950 
63,214    40,693 

7.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Bounce Back Loan 29,942    35,873 
29,942    35,873 

8.

Provisions for liabilities

2024
£
  2023
£
Deferred Tax 13,468    17,957 
13,468    17,957 

9.

Share Capital

Allotted, called up and fully paid
2024
£
  2023
£
50 Class A shares of £1.00 each 50    50 
50 Class B shares of £1.00 each 50    50 
100    100 

10.

Related parties

During the year the company entered into the following transactions with related parties:
Transaction value - income/(expenses) Balance owed by/(owed to)
2024
£
 2023
£
 2024
£
 2023
£
Create Electrical Kendal Ltd12,000 33,000 131,600 119,600 
Create Energy Limited8,980 36,900 58,063 49,083 
Create Fire and Security Limited1,800 1,800 8,800 7,000 

During the year the Company loaned £0, ( 2023 - £0) to Create Electrical Kendal Ltd and invoiced £12,000 ( 2023 - £33,000 ) for Equipment Rentals, Storage and Office Rent.
During the year the Company loaned £0, (£0 - 2023 ) to Create Energy Limited and invoiced £8,980 ( £69,000 - 2023 ) for Equipment Rentals, Storage and Office Rent.
During the year the Company loaned £0, (£0 - 2023 ) to Create Fire and Security Limited and invoiced £1,800 ( £1,800 - 2023 ) for Equipment Rentals, Storage and Office Rent.
3