REGISTERED NUMBER: 07779745 (England and Wales)

AZTEC SOLAR ENERGY LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

R G Williams

S K Adams

REGISTERED OFFICE:

15 The Prince Philip Building

Wellesbourne

Warwick

CV35 9EF

REGISTERED NUMBER:

07779745 (England and Wales)

AUDITORS:

Xeinadin Audit Limited

Statutory Auditor, Chartered Accountants

Sidings House, Sidings Court

Lakeside

Doncaster

South Yorkshire

DN4 5NU

FIXED ASSETS

Tangible assets

4

18,489

19,958

CURRENT ASSETS

Stocks

20,277

22,364

Debtors

5

805,903

684,443

Cash at bank

3,560

152,565

829,740

859,372

CREDITORS

Amounts falling due within one year

6

1,430,336

1,035,591

NET CURRENT LIABILITIES

(600,596

)

(176,219

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(582,107

)

(156,261

)

CREDITORS

Amounts falling due after more than one year

7

6,313

15,073

NET LIABILITIES

(588,420

)

(171,334

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(588,520

)

(171,434

)

(588,420

)

(171,334

)

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 Board of Directors and authorised for issue on 23 December 2025 and were signed on its behalf by:

R G Williams - Director

1.	STATUTORY INFORMATION

Aztec Solar Energy 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 financial statements are prepared in sterling, which is the functional currency of the entity.

The prior year financial statements had been presented for a period of 5 months to bring the year end in line with the parent company. The comparative amounts therefore cover a period of 5 months.

Going concern

The accounts are prepared on a going concern basis on the belief that the company will continue in operational existence for the foreseeable future. Fellow group companies will continue to offer support to enable the company to meet working capital requirement for at least 12 months following approval of the accounts.

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

Tangible assets are initially recorded at cost, and subsequent stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings

20-25% straight line

Equipment

20-25% straight line

Stocks

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Work in progress includes labour and attributable overheads.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 13 (2024 - 11 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2024

23,267

Additions

5,362

At 31 March 2025

28,629

DEPRECIATION

At 1 April 2024

3,309

Charge for year

6,831

At 31 March 2025

10,140

NET BOOK VALUE

At 31 March 2025

18,489

At 31 March 2024

19,958

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

561,704

571,957

Amounts owed by group undertakings

-

74,847

Other debtors

244,199

37,639

805,903

684,443

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,760

36,952

Trade creditors

433,608

451,482

Amounts owed to group undertakings

965,683

400,878

Taxation and social security

16,060

118,022

Other creditors

6,225

28,257

1,430,336

1,035,591

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

6,313

15,073

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

11,381

5,250

Between one and five years

15,105

3,500

26,486

8,750

9.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Kelvin Fitton BA FCA (Senior Statutory Auditor)

for and on behalf of Xeinadin Audit Limited

10.	RELATED PARTY DISCLOSURES

During the period the Company entered into a number of related party transactions as follows:

Temporary Solar Limited

A Company with directors in common.

Included in other debtors at the Balance Sheet date is a loan due from Temporary Solar Limited of £10,164 (2024: 10,164).

The loan is interest free and repayable on demand.

Effective Energy Group Limited

The immediate parent company of Aztec Solar Energy Ltd.

During the period Aztec Solar Energy Limited made purchases from the company totalling £124,334 (2024: £40,257).

At the Balance Sheet date £580,880 (2024: Creditor £74,848) was due to Effective Energy Group Limited.

Effective Energy Solutions Limited

Wholly owned subsidiary of Effective Energy Group.

During the period Aztec Solar Energy Limited made sales to Effective Energy Solutions Limited in the sum of £Nil (2024: £4,213).

Aztec Solar Energy Limited also made purchases from Effective Energy Solutions Limited totalling £34,384 (2024: £269,697).

At the Balance Sheet date £384,803 (2024: £400,878) was due to Effective Energy Solutions Limited.

Effective Home Limited

Wholly owned subsidiary of Effective Energy Group.

During the period Aztec Solar Energy Limited made sales to Effective Energy Home Limited in the sum of £Nil (2024: £1,023).

Aztec Solar Energy Limited also made purchases from Effective Energy Home Limited totalling £Nil (2024: £134,429).

11.	ULTIMATE CONTROLLING PARTY

From 29.10.24 the Ultimate Parent Company is LC365 Limited.

The smallest and largest group in which the company is consolidated is that headed by ABC Newco Limited which is wholly owned by LC365 Limited. The group consolidated accounts can be obtained from the Registrar of Companies (England and Wales), Companies House, Crown Way, Cardiff, CF14 3UZ.

L J Cottingham is regarded as the Ultimate Controlling Party of the Company by virtue of their shareholding in LC365 Limited, the Company's Ultimate Parent Company.

Up to 28.10.24 the Ultimate Parent Company was Effective Energy Group Limited. Up to this date the Ultimate Controlling Party was R J Cox and L J Cottingham by virtue of their shareholdings in Effective Energy Group Limited.