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Company Registration No. 12235008 (England and Wales)
SOLVED ELECTRICAL LTD Unaudited accounts for the year ended 30 September 2024
SOLVED ELECTRICAL LTD Unaudited accounts Contents
Page
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SOLVED ELECTRICAL LTD Company Information for the year ended 30 September 2024
Directors
Philip Anthony Atkins Rebecca Alana Jones
Company Number
12235008 (England and Wales)
Registered Office
248 Godstone Road Whyteleafe Surrey CR3 0EF England
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SOLVED ELECTRICAL LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,422 
9,543 
Current assets
Debtors
21,214 
(5,183)
Cash at bank and in hand
83,199 
79,238 
104,413 
74,055 
Creditors: amounts falling due within one year
(31,734)
(6,143)
Net current assets
72,679 
67,912 
Net assets
80,101 
77,455 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
80,099 
77,453 
Shareholders' funds
80,101 
77,455 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 June 2025 and were signed on its behalf by
Philip Anthony Atkins Director Company Registration No. 12235008
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SOLVED ELECTRICAL LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
SOLVED ELECTRICAL LTD is a private company, limited by shares, registered in England and Wales, registration number 12235008. The registered office is 248 Godstone Road, Whyteleafe, Surrey, CR3 0EF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Going concern
The financial statements have been prepared on a going concern basis.The companies ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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SOLVED ELECTRICAL LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2023
3,142 
15,992 
275 
19,409 
Additions
273 
- 
- 
273 
At 30 September 2024
3,415 
15,992 
275 
19,682 
Depreciation
At 1 October 2023
698 
9,060 
108 
9,866 
Charge for the year
614 
1,739 
41 
2,394 
At 30 September 2024
1,312 
10,799 
149 
12,260 
Net book value
At 30 September 2024
2,103 
5,193 
126 
7,422 
At 30 September 2023
2,444 
6,932 
167 
9,543 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
810 
- 
Trade debtors
13,883 
(5,183)
Other debtors
6,521 
- 
21,214 
(5,183)
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
1,926 
Trade creditors
2,780 
4,055 
Taxes and social security
7,194 
100 
Loans from directors
21,760 
62 
31,734 
6,143 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
8
Transactions with related parties
Mr Philip Anthony Atkins is the sole director and a shareholder holding 50 % shares in the company. Miss Rebecca Alana Jones is also a shareholder . The company has declared a dividend of GBP 20,000 to it's shareholders.
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SOLVED ELECTRICAL LTD Notes to the Accounts for the year ended 30 September 2024
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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