Company Registration No. 07951467 (England and Wales)
SOLAR SOLUTIONS SW LTD
Unaudited accounts
for the year ended 28 February 2021
SOLAR SOLUTIONS SW LTD
Unaudited accounts
Contents
SOLAR SOLUTIONS SW LTD
Company Information
for the year ended 28 February 2021
Company Number
07951467 (England and Wales)
Registered Office
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
Accountants
FARQUHAR PARTNERSHIP LIMITED
151 WHITELADIES ROAD
CLIFTON
BRISTOL
BS8 2RA
SOLAR SOLUTIONS SW LTD
Statement of financial position
as at 28 February 2021
Tangible assets
47,333
59,167
Cash at bank and in hand
34,152
6,844
Creditors: amounts falling due within one year
(13,985)
(10,820)
Net current assets
96,762
43,845
Total assets less current liabilities
144,095
103,012
Creditors: amounts falling due after more than one year
(17,000)
-
Net assets
127,095
103,012
Called up share capital
1
1
Profit and loss account
127,094
103,011
Shareholders' funds
127,095
103,012
For the year ending 28 February 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2021 and were signed on its behalf by
M P Lewis
Director
Company Registration No. 07951467
SOLAR SOLUTIONS SW LTD
Notes to the Accounts
for the year ended 28 February 2021
SOLAR SOLUTIONS SW LTD is a private company, limited by shares, registered in England and Wales, registration number 07951467. The registered office is 151 WHITELADIES ROAD, CLIFTON, BRISTOL, BS8 2RA .
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing balance method
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 accounts. 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 average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Government grants in relation to covid assistance are credited to profit and loss using the accrual model and are included in Other operating income.
SOLAR SOLUTIONS SW LTD
Notes to the Accounts
for the year ended 28 February 2021
4
Tangible fixed assets
Plant & machinery
At 28 February 2021
326,443
Charge for the year
11,834
At 28 February 2021
279,110
At 28 February 2021
47,333
At 29 February 2020
59,167
5
Debtors: amounts falling due within one year
2021
2020
Deferred tax asset
14,310
13,549
Accrued income and prepayments
22,378
9,287
Other debtors
39,907
15,065
6
Creditors: amounts falling due within one year
2021
2020
Taxes and social security
7,538
7,804
Loans from directors
-
2,266
7
Creditors: amounts falling due after more than one year
2021
2020
Aggregate of amounts that fall due for payment after five years
1,133
-
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
SOLAR SOLUTIONS SW LTD
Notes to the Accounts
for the year ended 28 February 2021
9
Operating lease commitments
2021
2020
At 28 February 2021 the company has total minimum future payment commitments under non-cancellable operating leases as follows:
Operating leases expiring:
Within two to five years
24,595
12,808
10
Average number of employees
During the year the average number of employees was 1 (2020: 0).
