REGISTERED NUMBER: 03594331 (England and Wales)

SOLAR ELECTRONICS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A D Pierce

REGISTERED OFFICE:

Unit 3

Building 6

Stanmore Industrial Estate

Bridgnorth

Shropshire

WV15 5HR

REGISTERED NUMBER:

03594331 (England and Wales)

ACCOUNTANTS:

Wallace Crooke

Chartered Accountants

College House

St. Leonards Close

Bridgnorth

Shropshire

WV16 4EJ

FIXED ASSETS

Tangible assets

4

31,218

134,052

CURRENT ASSETS

Stocks

142,023

196,731

Debtors

5

481,815

497,906

Cash at bank and in hand

38,853

208,503

662,691

903,140

CREDITORS

Amounts falling due within one year

6

400,357

385,321

NET CURRENT ASSETS

262,334

517,819

TOTAL ASSETS LESS CURRENT LIABILITIES

293,552

651,871

CREDITORS

Amounts falling due after more than one year

7

-

58,140

NET ASSETS

293,552

593,731

CAPITAL AND RESERVES

Called up share capital

8

10,010

10,010

Retained earnings

283,542

583,721

SHAREHOLDERS' FUNDS

293,552

593,731

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The 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.

The financial statements were approved by the director and authorised for issue on 15 September 2025 and were signed by:

Mr A D Pierce - Director

1.	STATUTORY INFORMATION

Solar Electronics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Office equipment

-

0.7% to 5% on cost and 10% to 25% on reducing balance

Motor vehicles

-

25% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 13 ) .

4.	TANGIBLE FIXED ASSETS

Office

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1 January 2024

107,017

126,335

233,352

Additions

4,987

-

4,987

Disposals

-

(126,335

)

(126,335

)

At 31 December 2024

112,004

-

112,004

DEPRECIATION

At 1 January 2024

69,822

29,478

99,300

Charge for year

10,964

23,162

34,126

Eliminated on disposal

-

(52,640

)

(52,640

)

At 31 December 2024

80,786

-

80,786

NET BOOK VALUE

At 31 December 2024

31,218

-

31,218

At 31 December 2023

37,195

96,857

134,052

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

14,109

23,499

Amounts owed by participating interests

437,850

438,100

Other debtors

29,856

36,307

481,815

497,906

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

58,634

-

Hire purchase contracts

-

19,934

Trade creditors

163,910

171,982

Taxation and social security

157,556

178,520

Other creditors

20,257

14,885

400,357

385,321

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

-

58,140

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

10,000

Ordinary share capital

£1

10,000

10,000

10

Ordinary "B"

£1

10

10

10,010

10,010