REGISTERED NUMBER: 07370004 (England and Wales)

WATTS UP SOLAR LTD

TRADING AS

K. JONES ELECTRICAL

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2026

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

to

6

DIRECTOR:

K Jones

REGISTERED OFFICE:

Unit 22

Quarry Farm

Bodiam

Robertsbridge

East Sussex

TN32 5RA

REGISTERED NUMBER:

07370004 (England and Wales)

ACCOUNTANTS:

Gibbons Mannington & Phipps LLP

Chartered Accountants

20 Eversley Road

Bexhill-on-Sea

East Sussex

TN40 1HE

FIXED ASSETS

Tangible assets

4

6,450

1,477

CURRENT ASSETS

Stocks

8,968

7,933

Debtors

5

24,751

16,382

Cash at bank

14,846

54,589

48,565

78,904

CREDITORS

Amounts falling due within one year

6

29,219

61,615

NET CURRENT ASSETS

19,346

17,289

TOTAL ASSETS LESS CURRENT LIABILITIES

25,796

18,766

PROVISIONS FOR LIABILITIES

1,613

370

NET ASSETS

24,183

18,396

CAPITAL AND RESERVES

Called up share capital

7

100

100

Retained earnings

24,083

18,296

SHAREHOLDERS' FUNDS

24,183

18,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2026 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 4th June 2026 and were signed by:

K Jones - Director

1.	STATUTORY INFORMATION

Watts Up Solar Ltd 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.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Tools and equipment

-

20% on cost

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.

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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2025 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Tools and

Motor

equipment

vehicles

Totals

£

£

£

COST

At 1st April 2025

22,090

29,858

51,948

Additions

-

8,600

8,600

Disposals

-

(10,224

)

(10,224

)

At 31st March 2026

22,090

28,234

50,324

DEPRECIATION

At 1st April 2025

22,090

28,381

50,471

Charge for year

-

3,627

3,627

Eliminated on disposal

-

(10,224

)

(10,224

)

At 31st March 2026

22,090

21,784

43,874

NET BOOK VALUE

At 31st March 2026

-

6,450

6,450

At 31st March 2025

-

1,477

1,477

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Motor

vehicles

£

COST

At 1st April 2025

5,905

Transfer to ownership

(5,905

)

At 31st March 2026

-

DEPRECIATION

At 1st April 2025

4,428

Transfer to ownership

(4,428

)

At 31st March 2026

-

NET BOOK VALUE

At 31st March 2026

-

At 31st March 2025

1,477

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Trade debtors

15,373

14,548

Amounts recoverable on contract

5,535

1,737

Other debtors

3,843

97

24,751

16,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

£

Hire purchase contracts

-

955

Trade creditors

5,114

-

Taxation and social security

19,678

27,745

Other creditors

4,427

32,915

29,219

61,615

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

35

Ordinary

£1

35

35

65

Ordinary B Shares

£1

65

65

100

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st March 2026 and 31st March 2025:

2026

2025

£

£

K Jones

Balance outstanding at start of year

-

3,917

Amounts repaid

-

(3,917

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The director has a loan account with the company which is interest free and no fixed terms for repayment.