Registration number: 14096475

SolarSaves Direct Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

SolarSaves Direct Limited

Company Information

Directors

Mr Steven Taylor Mr Darren Lee Coates

Registered office

Unit 3 Davey Road Fields End Business Park Thurnscoe Rotherham South Yorkshire S63 0JF

Accountants

Thorntons Accounting Limited Chartered Certified Accountants 176-178 Pontefract Road Cudworth Barnsley South Yorkshire S72 8BE

SolarSaves Direct Limited

(Registration number: 14096475)
Balance Sheet as at 31 August 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	8,410	99,152
Current assets
Stocks	5	-	35,778
Debtors	6	88,740	12,543
Cash at bank and in hand		13,809	10,670
		102,549	58,991
Creditors: Amounts falling due within one year	7	(74,423)	(52,638)
Net current assets		28,126	6,353
Total assets less current liabilities		36,536	105,505
Provisions for liabilities		(26,257)	(24,155)
Net assets		10,279	81,350
Capital and reserves
Called up share capital	8	100	100
Retained earnings		10,179	81,250
Shareholders' funds		10,279	81,350

For the financial year ending 31 August 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 May 2026 and signed on its behalf by:
 

SolarSaves Direct Limited

(Registration number: 14096475)
Balance Sheet as at 31 August 2025

......................................... Mr Steven Taylor Director

SolarSaves Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 3 Davey Road
Fields End Business Park
Thurnscoe
Rotherham
South Yorkshire
S63 0JF
England

These financial statements were authorised for issue by the Board on 27 May 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, 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.

SolarSaves Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% Straight line basis
Motor Vehicles	25% Straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

SolarSaves Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. 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.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2024 - 13).

SolarSaves Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

4	Tangible assets

	Fixtures and fittings £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	33,203	171,238	204,441
Disposals	-	(147,380)	(147,380)
At 31 August 2025	33,203	23,858	57,061
Depreciation
At 1 September 2024	20,731	84,558	105,289
Charge for the year	11,108	15,155	26,263
Eliminated on disposal	-	(82,901)	(82,901)
At 31 August 2025	31,839	16,812	48,651
Carrying amount
At 31 August 2025	1,364	7,046	8,410
At 31 August 2024	12,472	86,680	99,152

5

Stocks

	2025 £	2024 £
Other inventories	-	35,778

6

Debtors

	Note	2025 £	2024 £
Trade debtors		-	7,220
Amounts owed by related parties	9	88,428	-
Other debtors		174	5,323
Prepayments		138	-
		88,740	12,543

SolarSaves Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Trade creditors		42,343	49,363
Amounts owed to group undertakings and undertakings in which the company has a participating interest	9	30,080	-
Accruals and deferred income		2,000	2,000
Other creditors		-	1,275
		74,423	52,638

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

SolarSaves Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

9	Related party transactions

Summary of transactions with entities with joint control or significant interest

QVS Limited and Solarframe Direct Limited - Group Companies
 

Loans to related parties

2025	Parent £	Total £
Advanced	88,428	88,428
At end of period	88,428	88,428

Loans from related parties

2025	Entities with joint control or significant influence £	Total £
Advanced	30,080	30,080
At end of period	30,080	30,080

2024	Parent £	Entities with joint control or significant influence £	Total £
At start of period	117,904	726,342	844,246
Advanced	-	50,000	50,000
Repaid	(29,476)	(150,000)	(179,476)
Impairment	(88,428)	(626,342)	(714,770)
At end of period	-	-	-

SolarSaves Direct Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2025

10	Parent and ultimate parent undertaking

The company's immediate parent is Solarframe Holdings Limited, incorporated in Engalnd.