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No description of principal activity
2024-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
1,331,389
1,331,389
1,331,389
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iso4217:GBP
11721513
2024-01-01
2024-12-31
11721513
2024-12-31
11721513
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11721513
2023-01-01
2023-12-31
11721513
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11721513
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11721513
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2024-12-31
11721513
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2024-12-31
11721513
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2024-01-01
2024-12-31
11721513
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2024-12-31
11721513
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2024-12-31
11721513
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11721513
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2024-12-31
11721513
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2023-12-31
11721513
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2024-12-31
11721513
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2023-12-31
11721513
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2024-12-31
11721513
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2023-12-31
11721513
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2024-12-31
11721513
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11721513
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2024-12-31
COMPANY REGISTRATION NUMBER:
11721513
|
Solar Group Holdings Limited |
|
|
Filleted Unaudited Financial Statements |
|
|
Solar Group Holdings Limited |
|
Year ended 31 December 2024
|
Officers and professional advisers |
1 |
|
|
|
Report to the board of directors on the preparation of the unaudited statutory financial statements |
2 |
|
|
|
Statement of financial position |
3 |
|
|
|
Notes to the financial statements |
5 |
|
|
|
Solar Group Holdings Limited |
|
|
Officers and Professional Advisers |
|
|
The board of directors |
H Davies |
|
B Davies |
|
|
|
Registered office |
North Road |
|
Bridgend Industrial Estate |
|
Bridgend |
|
CF31 3TP |
|
|
|
Accountants |
Clay Shaw Thomas Ltd |
|
|
|
2 Oldfield Road |
|
Bocam Park |
|
Bridgend |
|
CF35 5LJ |
|
|
|
Solar Group Holdings Limited |
|
|
Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
Solar Group Holdings Limited |
|
Year ended 31 December 2024
As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Clay Shaw Thomas Ltd
2 Oldfield Road
Bocam Park
Bridgend
CF35 5LJ
21 August 2025
|
Solar Group Holdings Limited |
|
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Investments |
5 |
|
1,331,389 |
1,331,389 |
|
|
|
|
|
Current assets
|
Debtors |
6 |
70,271 |
|
120,485 |
|
Cash at bank and in hand |
92,496 |
|
75,413 |
|
--------- |
|
--------- |
|
162,767 |
|
195,898 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
181,276 |
|
200,537 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
18,509 |
4,639 |
|
|
------------ |
------------ |
|
Total assets less current liabilities |
|
1,312,880 |
1,326,750 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
223,591 |
275,027 |
|
|
------------ |
------------ |
|
Net assets |
|
1,089,289 |
1,051,723 |
|
|
------------ |
------------ |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
650,000 |
650,000 |
|
Profit and loss account |
|
439,289 |
401,723 |
|
|
------------ |
------------ |
|
Shareholders funds |
|
1,089,289 |
1,051,723 |
|
|
------------ |
------------ |
|
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
|
Solar Group Holdings Limited |
|
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
21 August 2025
, and are signed on behalf of the board by:
Company registration number:
11721513
|
Solar Group Holdings Limited |
|
|
Notes to the Financial Statements |
|
Year ended 31 December 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is North Road, Bridgend Industrial Estate, Bridgend, CF31 3TP.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the 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.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2023:
3
).
5.
Investments
|
Shares in group |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
1,331,389 |
|
------------ |
|
Impairment |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
------------ |
|
|
|
Carrying amount |
|
|
At 31 December 2024 |
1,331,389 |
|
------------ |
|
At 31 December 2023 |
1,331,389 |
|
------------ |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
5,600 |
4,400 |
|
Amounts owed by group undertakings |
6,800 |
107,117 |
|
Other debtors |
57,871 |
8,968 |
|
-------- |
--------- |
|
70,271 |
120,485 |
|
-------- |
--------- |
|
|
|
The debtors above include the following amounts falling due after more than one year:
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed by group undertakings |
6,800 |
107,117 |
|
------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
48,085 |
44,733 |
|
Amounts owed to group undertakings |
106,105 |
76,739 |
|
Social security and other taxes |
1,123 |
22,928 |
|
Other creditors |
25,963 |
56,137 |
|
--------- |
--------- |
|
181,276 |
200,537 |
|
--------- |
--------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
223,591 |
275,027 |
|
--------- |
--------- |
|
|
|
Included within creditors: amounts falling due after more than one year is an amount of £31,250 (2023: £96,094) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Security Bank loans are secured by a debenture comprising fixed and floating charges over all assets and undertaking of
Solar Group Holdings Limited
and its subsidiary undertaking Solar Sunshades Limited. A group cross guarantee in favour of the Bank from Solar Group Holdings Ltd and Solar Sunshades Limited.
9.
Directors' advances, credit and guarantees
The director,
H Davies
, has provided personal guarantees for the bank loans, limited to £500,000.
10.
Related party transactions
During the year the company received management fee income of £44,000 (2023: £35,750) from Light Control Systems (UK) Limited, a company under control. At the year end the company was owed £5,600 (2023: £4,400) in respect of these charges. The company has taken exemptions under Section 33 of FRS102 to disclose related party transactions with wholly owned members of a group.