Company Registration No. 07740412 (England and Wales)
Naked Solar Ltd
Unaudited accounts
for the year ended 31 October 2022
Naked Solar Ltd
Unaudited accounts
Contents
Naked Solar Ltd
Company Information
for the year ended 31 October 2022
Company Number
07740412 (England and Wales)
Registered Office
Unit B
Treloggan Industrial Estate
Newquay
Cornwall
TR7 2SX
Accountants
Gain Accountancy Ltd
The Orchard
Mithian
St Agnes
Cornwall
TR5 0QF
Naked Solar Ltd
Statement of financial position
as at
31 October 2022
Tangible assets
207,577
110,391
Inventories
399,225
183,714
Debtors
1,177,260
632,455
Cash at bank and in hand
358,347
168,484
Creditors: amounts falling due within one year
(1,800,030)
(899,173)
Net current assets
134,802
85,480
Total assets less current liabilities
342,379
195,871
Creditors: amounts falling due after more than one year
(77,415)
(36,277)
Provisions for liabilities
Deferred tax
(39,439)
(20,974)
Net assets
225,525
138,620
Called up share capital
100
100
Profit and loss account
225,425
138,520
Shareholders' funds
225,525
138,620
For the year ending 31 October 2022 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 22 February 2023 and were signed on its behalf by
Tony Sampson
Director
Company Registration No. 07740412
Naked Solar Ltd
Notes to the Accounts
for the year ended 31 October 2022
Naked Solar Ltd is a private company, limited by shares, registered in England and Wales, registration number 07740412. The registered office is Unit B, Treloggan Industrial Estate, Newquay, Cornwall, TR7 2SX.
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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:
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
4
Intangible fixed assets
Goodwill
Other
Total
At 1 November 2021
30,000
1,102
31,102
At 31 October 2022
30,000
1,102
31,102
At 1 November 2021
30,000
1,102
31,102
At 31 October 2022
30,000
1,102
31,102
Naked Solar Ltd
Notes to the Accounts
for the year ended 31 October 2022
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 November 2021
35,394
165,466
11,464
63,854
276,178
Additions
12,131
148,105
4,979
9,271
174,486
Disposals
(7,017)
(14,280)
-
(21,553)
(42,850)
At 31 October 2022
40,508
299,291
16,443
51,572
407,814
At 1 November 2021
21,153
89,805
7,174
47,655
165,787
Charge for the year
4,819
54,813
1,857
7,992
69,481
On disposals
(4,973)
(9,762)
-
(20,296)
(35,031)
At 31 October 2022
20,999
134,856
9,031
35,351
200,237
At 31 October 2022
19,509
164,435
7,412
16,221
207,577
At 31 October 2021
14,241
75,661
4,290
16,199
110,391
Amounts falling due within one year
Trade debtors
1,079,058
584,453
Accrued income and prepayments
27,221
15,579
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
9,555
Obligations under finance leases and hire purchase contracts
33,798
8,705
Trade creditors
175,597
231,860
Taxes and social security
22,841
19,514
Other creditors
29,130
3,261
Loans from directors
77
41
Accruals
1,528,587
626,237
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
51,584
-
Naked Solar Ltd
Notes to the Accounts
for the year ended 31 October 2022
9
Average number of employees
During the year the average number of employees was 32 (2021: 27).