Company Registration No. 07740412 (England and Wales)
Naked Solar Ltd
Unaudited accounts
for the year ended 31 October 2021
Naked Solar Ltd
Unaudited accounts
Contents
Naked Solar Ltd
Company Information
for the year ended 31 October 2021
Company Number
07740412 (England and Wales)
Registered Office
Unit B
Treloggan Industrial Estate
Newquay
Cornwall
TR7 2SX
Naked Solar Ltd
Statement of financial position
as at
31 October 2021
Intangible assets
-
2,000
Tangible assets
110,391
83,951
Inventories
183,714
59,939
Cash at bank and in hand
168,484
152,064
Creditors: amounts falling due within one year
(899,173)
(282,955)
Net current assets
85,480
92,338
Total assets less current liabilities
195,871
178,289
Creditors: amounts falling due after more than one year
(36,277)
(54,773)
Provisions for liabilities
Deferred tax
(20,974)
(15,805)
Net assets
138,620
107,711
Called up share capital
100
100
Profit and loss account
138,520
107,611
Shareholders' funds
138,620
107,711
For the year ending 31 October 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 30 March 2022 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 2021
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 2020
30,000
1,102
31,102
At 31 October 2021
30,000
1,102
31,102
At 1 November 2020
28,000
1,102
29,102
Charge for the year
2,000
-
2,000
At 31 October 2021
30,000
1,102
31,102
At 31 October 2020
2,000
-
2,000
Naked Solar Ltd
Notes to the Accounts
for the year ended 31 October 2021
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 November 2020
1,499
26,155
129,071
10,037
54,842
221,604
Additions
-
9,239
48,145
1,427
9,012
67,823
Disposals
(1,499)
-
(11,750)
-
-
(13,249)
At 31 October 2021
-
35,394
165,466
11,464
63,854
276,178
At 1 November 2020
732
17,596
73,546
6,102
39,677
137,653
Charge for the year
-
3,557
25,220
1,072
7,978
37,827
On disposals
(732)
-
(8,961)
-
-
(9,693)
At 31 October 2021
-
21,153
89,805
7,174
47,655
165,787
At 31 October 2021
-
14,241
75,661
4,290
16,199
110,391
At 31 October 2020
767
8,559
55,525
3,935
15,165
83,951
6
Debtors: amounts falling due within one year
2021
2020
Trade debtors
584,453
114,852
Accrued income and prepayments
15,579
2,514
7
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
9,555
3,932
Obligations under finance leases and hire purchase contracts
8,705
14,047
Trade creditors
231,860
107,458
Taxes and social security
19,514
20,568
Other creditors
3,261
7,985
Loans from directors
41
615
8
Creditors: amounts falling due after more than one year
2021
2020
Obligations under finance leases and hire purchase contracts
-
8,705
9
Average number of employees
During the year the average number of employees was 27 (2020: 20).