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
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
SOLVED ELECTRICAL LTD
Statement of financial position
as at 30 September 2024
Tangible assets
7,422
9,543
Cash at bank and in hand
83,199
79,238
Creditors: amounts falling due within one year
(31,734)
(6,143)
Net current assets
72,679
67,912
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
SOLVED ELECTRICAL LTD
Notes to the Accounts
for the year ended 30 September 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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
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.
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
At 30 September 2024
3,415
15,992
275
19,682
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
At 30 September 2024
2,103
5,193
126
7,422
At 30 September 2023
2,444
6,932
167
9,543
Amounts falling due within one year
Trade debtors
13,883
(5,183)
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
2,780
4,055
Taxes and social security
7,194
100
Loans from directors
21,760
62
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.
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).