SOLAR MAINTENANCE SERVICES LIMITED


Directors	EDGAR, Robert James
	GOULD, Jason Lee
	MCLINDEN, Helen Lesley
	MCLINDEN, James Edward


Registered Address	Unit I Baron Way
	Kingmoor Business Park
	Carlisle
	CA6 4SJ


Registered Number	09656808 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

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

	Basis of preparation
	The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and/or the rendering of services.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Operating leases
	Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease. Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

Operating leases

Where, substantially, all the risks and rewards of ownership of the asset do not transfer from the lessor to the company, the lease is treated as an operating lease. Rentals payable under operating leases are charged to the Income Statement on a straight-line basis over the period of the lease.

Where the company is a lessor, rental income from operating leases is credited to the Income Statement on a straight-line basis over the lease term.

	Defined contribution pension plan
	The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in other creditors in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. 

Contributions to defined contribution plans are expensed in the period to which they relate.  Amounts not paid are shown in other creditors in the Statement of Financial Position.  The assets of the plan are held separately from the company in independently administered funds.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to the Income Statement.

	Current taxation
	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
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement. Depreciation is provided on all tangible fixed assets as follows: Plant and machinery - 15% reducing balance Vehicles - 25% reducing balance Fixtures & fittings - 2 and 3 years straight line Computer equipment - 15% reducing balance

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost or valuation less depreciation. 

The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement.

Depreciation is provided on all tangible fixed assets as follows:

Plant and machinery - 15% reducing balance
Vehicles - 25% reducing balance
Fixtures & fittings - 2 and 3 years straight line
Computer equipment - 15% reducing balance

	Investment property
	Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate. These values are adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the Income Statement.

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

Finance leases and hire purchase contracts

Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease

Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.

	Trade and other debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Trade and other debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Trade and other creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Financial instruments
	The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	23		28

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	88,539	123,950	46,977	77,159	336,625
Additions	-	-	-	1,000	1,000
Disposals	-	(20,289)	-	-	(20,289)
At 31 March 25	88,539	103,661	46,977	78,159	317,336
Depreciation and impairment
At 01 April 24	18,855	73,385	39,445	53,943	185,628
Charge for year	24,212	12,478	2,702	6,487	45,879
On disposals	-	(14,242)	-	-	(14,242)
At 31 March 25	43,067	71,621	42,147	60,430	217,265
Net book value
At 31 March 25	45,472	32,040	4,830	17,729	100,071
At 31 March 24	69,684	50,565	7,532	23,216	150,997

4.	Investment property
	The 2025 valuations were made by the director, on an open market value for existing use basis.


		£
	Fair value at 01 April 24	71,935
	Fair value adjustments	(25,477)
	At 31 March 25	46,458

5.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	548,652	273,506
Other debtors	195,411	148,285
Prepayments and accrued income	134,922	232,082
Total	878,985	653,873

6.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	440,802	143,853
Bank borrowings and overdrafts	93,788	201,560
Taxation and social security	165,305	216,631
Finance lease and HP contracts	20,227	23,812
Other creditors	128,213	30,522
Accrued liabilities and deferred income	36,426	35,126
Total	884,761	651,504


	Finance lease and HP contracts are secured on the assets to which they relate.

7.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	76,682	76,682
Other creditors	2,083	22,320
Total	78,765	99,002


	Finance lease and HP contract liabilities totalling £2,083 (2024 - £22,320) are included within other creditors due after one year and are secured on the assets to which they relate.

8.	Provisions for liabilities
	The provision for deferred tax is made up of £23,400 (2024 - £32,500) in respect of accelerated capital allowances.

	2025	2024
	£	£
Net deferred tax liability (asset)	23,400	32,500
Total	23,400	32,500

9.	Pension commitments
	The company operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £4,984 (2024 - £9,174).

10.	Other commitments
	At 31 March 2025 the company had future minimum lease payments under non-cancellable operating leases of £175,208 (2024: £274,090).

11.	Directors advances, credits and guarantees
	On 1 April 2024 the directors owed the company £9,287. During the period the directors were advanced £173,407 and the directors repaid £103,717. As at 31 March 2025 the directors owed the company £78,977. No interest was charged on this loan. The loan is unsecured and repayable upon demand.

12.	Events after reporting date
	On 4 April 2025, 40% of the shares in the company were sold to external investors for a value of £1,500,000, financed by a combination of cash, and loan notes.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		100,071		150,997
Investment property	4		46,458		71,935
			146,529		222,932
Current assets
Stocks		171,280		103,004
Debtors	5	878,985		653,873
Cash at bank and on hand		87,200		134,782
		1,137,465		891,659
Creditors amounts falling due within one year	6	(884,761)		(651,504)
Net current assets (liabilities)			252,704		240,155
Total assets less current liabilities			399,233		463,087
Creditors amounts falling due after one year	7		(78,765)		(99,002)
Provisions for liabilities	8		(23,400)		(32,500)
Net assets			297,068		331,585
Capital and reserves
Called up share capital			5		5
Other reserves			1		1
Profit and loss account			297,062		331,579
Shareholders' funds			297,068		331,585