Silverfin false false 31/03/2025 01/04/2024 31/03/2025 G Coleman 11/10/2013 P Goleby 03/10/2025 15/11/2024 N Keeler 05/08/2010 V Mchardy 01/09/2025 22/02/2023 M Tufton 18/01/2011 M Wheaton 27 November 2025 The principal activity of the company is the installation and maintenance of solar photovoltaic panels. 07336550 2025-03-31 07336550 bus:Director1 2025-03-31 07336550 bus:Director2 2025-03-31 07336550 bus:Director3 2025-03-31 07336550 bus:Director4 2025-03-31 07336550 bus:Director5 2025-03-31 07336550 2024-03-31 07336550 core:CurrentFinancialInstruments 2025-03-31 07336550 core:CurrentFinancialInstruments 2024-03-31 07336550 core:Non-currentFinancialInstruments 2025-03-31 07336550 core:Non-currentFinancialInstruments 2024-03-31 07336550 core:ShareCapital 2025-03-31 07336550 core:ShareCapital 2024-03-31 07336550 core:SharePremium 2025-03-31 07336550 core:SharePremium 2024-03-31 07336550 core:RetainedEarningsAccumulatedLosses 2025-03-31 07336550 core:RetainedEarningsAccumulatedLosses 2024-03-31 07336550 core:Goodwill 2024-03-31 07336550 core:Goodwill 2025-03-31 07336550 core:PlantMachinery 2024-03-31 07336550 core:Vehicles 2024-03-31 07336550 core:OfficeEquipment 2024-03-31 07336550 core:PlantMachinery 2025-03-31 07336550 core:Vehicles 2025-03-31 07336550 core:OfficeEquipment 2025-03-31 07336550 core:CostValuation 2024-03-31 07336550 core:CostValuation 2025-03-31 07336550 core:RemainingRelatedParties core:CurrentFinancialInstruments 2025-03-31 07336550 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-03-31 07336550 core:CurrentFinancialInstruments 10 2025-03-31 07336550 core:CurrentFinancialInstruments 10 2024-03-31 07336550 core:CurrentFinancialInstruments core:Secured 2025-03-31 07336550 2024-04-01 2025-03-31 07336550 bus:FilletedAccounts 2024-04-01 2025-03-31 07336550 bus:SmallEntities 2024-04-01 2025-03-31 07336550 bus:AuditExemptWithAccountantsReport 2024-04-01 2025-03-31 07336550 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 07336550 bus:Director1 2024-04-01 2025-03-31 07336550 bus:Director2 2024-04-01 2025-03-31 07336550 bus:Director3 2024-04-01 2025-03-31 07336550 bus:Director4 2024-04-01 2025-03-31 07336550 bus:Director5 2024-04-01 2025-03-31 07336550 bus:Director6 2024-04-01 2025-03-31 07336550 core:Goodwill core:TopRangeValue 2024-04-01 2025-03-31 07336550 core:Goodwill 2024-04-01 2025-03-31 07336550 core:PlantMachinery core:TopRangeValue 2024-04-01 2025-03-31 07336550 core:Vehicles core:TopRangeValue 2024-04-01 2025-03-31 07336550 core:OfficeEquipment core:TopRangeValue 2024-04-01 2025-03-31 07336550 2023-04-01 2024-03-31 07336550 core:PlantMachinery 2024-04-01 2025-03-31 07336550 core:Vehicles 2024-04-01 2025-03-31 07336550 core:OfficeEquipment 2024-04-01 2025-03-31 07336550 core:CurrentFinancialInstruments 2024-04-01 2025-03-31 iso4217:GBP xbrli:pure

Company No: 07336550 (England and Wales)

# SSWUK LIMITED

### Unaudited Financial Statements
For the financial year ended 31 March 2025
Pages for filing with the registrar

SSWUK LIMITED

## Unaudited Financial Statements

For the financial year ended 31 March 2025

Contents

SSWUK LIMITED

## BALANCE SHEET

As at 31 March 2025
SSWUK LIMITED

## BALANCE SHEET (continued)

As at 31 March 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 3,295 |  | 11,657
Tangible assets | 4 | 256,357 |  | 334,647
Investments | 5 | 1 |  | 1
|  | 259,653 |  | 346,305
Current assets |  |  |  |
Stocks | 6 | 317,752 |  | 1,623,969
Debtors | 7 | 1,476,967 |  | 1,115,612
Cash at bank and in hand |  | 574,217 |  | 817,309
|  | 2,368,936 |  | 3,556,890
Creditors: amounts falling due within one year | 8 | ( 1,977,057) |  | ( 3,011,025)
Net current assets |  | 391,879 |  | 545,865
Total assets less current liabilities |  | 651,532 |  | 892,170
Creditors: amounts falling due after more than one year | 9 | ( 99,867) |  | ( 138,702)
Provision for liabilities |  | ( 59,793) |  | ( 77,836)
Net assets |  | 491,872 |  | 675,632
Capital and reserves |  |  |  |
Called-up share capital |  | 200 |  | 20
Share premium account |  | 49,998 |  | 49,998
Profit and loss account |  | 441,674 |  | 625,614
Total shareholders' funds |  | 491,872 |  | 675,632

For the financial year ending 31 March 2025 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 financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of SSWUK Limited (registered number: 07336550) were approved and authorised for issue by the Board of Directors on 27 November 2025. They were signed on its behalf by:

N Keeler Director |

SSWUK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025
SSWUK LIMITED

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

SSWUK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Coombe Farm, Roundham, Crewkerne, TA18 8RR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.
Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

##### Turnover

Turnover represents amounts chargeable, net of Value Added Tax, arising from the wholesale, maintenance and installation of solar photovoltaic panels. Turnover arising from the wholesale of solar photovoltaic panels is recognised on despatch of goods. Turnover arising from the maintenance of solar photovoltaic panels is recognised when the service is provided. Turnover arising from installation projects is recognised if the final outcome can be assessed with reasonable certainty by including in the profit and loss account turnover and related costs as contract activity progresses. Turnover is recognised based on the percentage of actual costs incurred against total anticipated costs.
Amounts recoverable on contracts are included in debtors at the net value of work done after provision for contingencies and anticipated future losses on contracts, less any payments on account. Excess payments on account are included in creditors as payments on account.

##### Interest income

Interest income on debt securities, where applicable, is recognised in income using the effective interest method.

##### Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either other creditors or other debtors in the Balance Sheet.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date that are expected to apply when the timing differences reverse. Deferred tax assets and liabilities are not discounted.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 5 years straight line

###### Goodwill

Goodwill arises on business combinations and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery | 4 years straight line
Vehicles | 4 years straight line
Office equipment | 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Profit and Loss Account over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

##### Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

##### Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

##### Reserves

The ordinary share capital of the Company is presented as equity and represents the nominal value of shares that have been issued.
Share premium account includes any premiums received on the issue of share capital. Transaction costs associated with the issuing of shares are deducted from share premium.
Profit and loss account includes all current and prior period profits and losses.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the Company during the year, including directors | 29 |  | 30

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 April 2024 | 111,196 |  | 111,196
At 31 March 2025 | 111,196 |  | 111,196
Accumulated amortisation |  |  |
At 01 April 2024 | 99,539 |  | 99,539
Charge for the financial year | 8,362 |  | 8,362
At 31 March 2025 | 107,901 |  | 107,901
Net book value |  |  |
At 31 March 2025 | 3,295 |  | 3,295
At 31 March 2024 | 11,657 |  | 11,657

#### 4. Tangible assets

| Plant and machinery |  | Vehicles |  | Office equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 April 2024 | 196,276 |  | 457,288 |  | 72,384 |  | 725,948
Additions | 19,515 |  | 57,787 |  | 9,148 |  | 86,450
Disposals | 0 |  | ( 49,054) |  | 0 |  | ( 49,054)
At 31 March 2025 | 215,791 |  | 466,021 |  | 81,532 |  | 763,344
Accumulated depreciation |  |  |  |  |  |  |
At 01 April 2024 | 119,899 |  | 217,200 |  | 54,202 |  | 391,301
Charge for the financial year | 32,229 |  | 91,388 |  | 13,384 |  | 137,001
Disposals | 0 |  | ( 21,315) |  | 0 |  | ( 21,315)
At 31 March 2025 | 152,128 |  | 287,273 |  | 67,586 |  | 506,987
Net book value |  |  |  |  |  |  |
At 31 March 2025 | 63,663 |  | 178,748 |  | 13,946 |  | 256,357
At 31 March 2024 | 76,377 |  | 240,088 |  | 18,182 |  | 334,647

#### 5. Fixed asset investments

Investments in subsidiaries

| 2025
| £
Cost |
At 01 April 2024 | 1
At 31 March 2025 | 1
Carrying value at 31 March 2025 | 1
Carrying value at 31 March 2024 | 1

#### 6. Stocks

| 2025 |  | 2024
| £ |  | £
Stocks | 157,431 |  | 312,841
Work in progress | 160,321 |  | 1,311,128
| 317,752 |  | 1,623,969

#### 7. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 1,058,489 |  | 630,704
Amounts owed by related parties | 0 |  | 22,207
Other taxation and social security | 0 |  | 28,661
Other debtors | 418,478 |  | 434,040
| 1,476,967 |  | 1,115,612

#### 8. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 20,000 |  | 20,000
Trade creditors | 558,464 |  | 772,223
Amounts owed to related parties | 0 |  | 7,116
Taxation and social security | 303,894 |  | 261,960
Obligations under finance leases and hire purchase contracts (secured) | 69,465 |  | 92,417
Other creditors | 1,025,234 |  | 1,857,309
| 1,977,057 |  | 3,011,025

Bank loans are secured by way of a fixed and floating charge over all the property and undertakings of the company.
Amounts due under hire purchase are secured against the assets to which they relate.

#### 9. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Bank loans (secured) | 18,333 |  | 38,333
Obligations under finance leases and hire purchase contracts (secured) | 81,534 |  | 100,369
| 99,867 |  | 138,702

#### 10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

During the year, interest of £15,726 was paid to a company with a participating interest.