for the Period Ended 31 October 2024
| Company Information - 3 | |
| Report of the Directors - 4 | |
| Balance sheet - 5 | |
| Footnotes to the Balance Sheet - 7 |
for the Period Ended 31 October 2024
| Director: |
|
|
|
|
||
| Registered office: |
|
|
| Company Registration Number: |
|
|
The directors present their report with the financial statements of the company for the period ended 31 October 2024
Principal Activities
Additional information
The 2023 2024 financial year was a period of significant transformation for our business, driven by both internal restructuring and strategic repositioning in the market. At the outset, we were operating across two distinct niches domestic electrical services and domestic solar and battery storage installations. This dual focus presented operational challenges and diluted our strategic efforts. Compounding these challenges, we experienced unexpected changes within our team. Our dedicated solar sales representative, who initially worked part-time, transitioned to a full-time role with a competitor. Around the same time, our two full-time electricians chose to leave and establish their own sole trader operations. These departures created short-term operational disruptions, but also prompted a necessary reassessment of our staffing model. Recognising the need to future-proof the business, we made a deliberate investment in a 12 month business development programme led by The Apprentice winner Joseph Valente. The course, which cost £12,500, was tailored specifically for small solar installation companies and focused on improving profitability and scaling operations effectively. We have now completed the programme and are beginning to see tangible benefits from the strategies implemented. As a result of this period of transition and learning, we made a strategic decision to focus exclusively on solar installations, our core growth area. We also shifted from an employee-based delivery model to a more flexible subcontracting approach. This includes working with former employees who understand and consistently meet our high standards. In essence, the business has undergone a complete evolution: refocusing on a high-demand market, adopting a more agile operating model, and laying the foundation for future growth. While these changes impacted short-term performance, they were essential for building a more sustainable and profitable business moving forward.
Directors
The directors shown below have held office during the whole of the period from 01 November 2023 to 31 October 2024
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
As at
2024 £ |
2023 £ |
|
|---|---|---|
| Called up share capital not paid: |
|
|
| Fixed Assets: |
|
|
| Current assets: |
|
|
| Prepayments and accrued income: |
|
|
| Creditors: amounts falling due within one year: |
( |
( |
| Net current assets (liabilities): |
( |
( |
| Total assets less current liabilities: |
( |
( |
| Creditors: amounts falling due after more than one year: |
( |
( |
| Total net assets (liabilities): |
( |
( |
| Capital and reserves: |
( |
( |
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 October 2024
for the Period Ended 31 October 2024