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REGISTERED NUMBER: 06895776 (England and Wales)










Report of the Directors and

Consolidated Financial Statements for the Year Ended 31 March 2017

for

Solarplicity Energy Limited

Solarplicity Energy Limited (Registered number: 06895776)






Contents of the Consolidated Financial Statements
for the Year Ended 31 March 2017




Page

Company Information 1

Report of the Directors 2

Report of the Independent Auditors 4

Consolidated Statement of Income and Retained
Earnings

6

Consolidated Balance Sheet 7

Company Balance Sheet 9

Notes to the Consolidated Financial Statements 11


Solarplicity Energy Limited

Company Information
for the Year Ended 31 March 2017







DIRECTORS: J J Battjes
Ms J A Clare
D S Elbourne





REGISTERED OFFICE: Unit 8 Peerglow Centre
Marsh Lane
Ware
Hertfordshire
SG12 9QL





REGISTERED NUMBER: 06895776 (England and Wales)





AUDITORS: Lee Accounting Services Limited
Trading as Lee & Co
Chartered Accountants & Statutory Auditors
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

Solarplicity Energy Limited (Registered number: 06895776)

Report of the Directors
for the Year Ended 31 March 2017

The directors present their report with the financial statements of the company and the group for the year
ended 31 March 2017.

DIRECTORS
The directors who have held office during the period from 1 April 2016 to the date of this report are as
follows:

J J Battjes - appointed 28 February 2017
Ms J A Clare - appointed 28 February 2017
D S Elbourne - appointed 28 February 2017
T S Williams - appointed 28 February 2017
Dr A R Middleton - resigned 28 February 2017
Mrs P A Middleton - resigned 28 February 2017

T S Williams ceased to be a director after 31 March 2017 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Report of the Directors and the financial statements in
accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law
the directors have elected to prepare the financial statements in accordance with United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under
company law the directors must not approve the financial statements unless they are satisfied that they
give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the
group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that
the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and
explain the company's and the group's transactions and disclose with reasonable accuracy at any time the
financial position of the company and the group and enable them to ensure that the financial statements
comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the
company and the group and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the
Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps
that he or she ought to have taken as a director in order to make himself or herself aware of any relevant
audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Lee Accounting Services Limited, will be proposed for re-appointment at the forthcoming
Annual General Meeting.


Solarplicity Energy Limited (Registered number: 06895776)

Report of the Directors
for the Year Ended 31 March 2017

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006
relating to small companies.

ON BEHALF OF THE BOARD:





Ms J A Clare - Director


13 July 2018

Report of the Independent Auditors to the Members of
Solarplicity Energy Limited

We have audited the financial statements of Solarplicity Energy Limited for the year ended 31 March 2017
on pages six to seventeen. The financial reporting framework that has been applied in their preparation is
applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK
and Republic of Ireland'.

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of
the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's
members those matters we are required to state to them in a Report of the Auditors and for no other
purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other
than the company and the company's members as a body, for our audit work, for this report, or for the
opinions we have formed.

Respective responsibilities of directors and auditors
As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. Our responsibility is to audit and express an opinion on the financial statements in accordance with applicable law and International Standards on Auditing (UK and Ireland). Those standards require us to comply with the Auditing Practices Board's (APB's) Ethical Standards for Auditors, including "APB Ethical Standard - Provisions Available for Small Entities (Revised)", in the circumstances set out in note thirteen to the financial statements.

Scope of the audit of the financial statements
An audit involves obtaining evidence about the amounts and disclosures in the financial statements
sufficient to give reasonable assurance that the financial statements are free from material misstatement,
whether caused by fraud or error. This includes an assessment of: whether the accounting policies are
appropriate to the group's and the parent company's circumstances and have been consistently applied
and adequately disclosed; the reasonableness of significant accounting estimates made by the directors;
and the overall presentation of the financial statements. In addition, we read all the financial and
non-financial information in the Report of the Directors to identify material inconsistencies with the
audited financial statements and to identify any information that is apparently materially incorrect based
on, or materially inconsistent with, the knowledge acquired by us in the course of performing the audit. If
we become aware of any apparent material misstatements or inconsistencies we consider the implications
for our report.


Opinion on financial statements
In our opinion the financial statements:
- give a true and fair view of the state of the group's and of the parent company's affairs as at
31 March 2017 and of the group's profit for the year then ended;
- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting
Practice; and
- have been prepared in accordance with the requirements of the Companies Act 2006.

Opinion on other matter prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of our audit, the information given in the
Report of the Directors for the financial year for which the financial statements are prepared is consistent
with the financial statements, and has been prepared in accordance with applicable legal requirements. In
the light of the knowledge and understanding of the group and the parent company and its environment,
we have not identified any material misstatements in the Report of the Directors.

Report of the Independent Auditors to the Members of
Solarplicity Energy Limited


Matters on which we are required to report by exception
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us
to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our
audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns;
or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit; or
- the directors were not entitled to prepare the financial statements in accordance with the small
companies regime and take advantage of the small companies' exemption from the requirement to
prepare a Group Strategic Report or in preparing the Report of the Directors.




John David Lee BA FCA (Senior Statutory Auditor)
for and on behalf of Lee Accounting Services Limited
Trading as Lee & Co
Chartered Accountants & Statutory Auditors
26 High Street
Rickmansworth
Hertfordshire
WD3 1ER

13 July 2018

Solarplicity Energy Limited (Registered number: 06895776)

Consolidated Statement of Income and Retained Earnings
for the Year Ended 31 March 2017

31.3.17 31.3.16
Notes £    £   

TURNOVER 13,126,597 12,100,307

Cost of sales 10,595,453 10,117,721
GROSS PROFIT 2,531,144 1,982,586

Administrative expenses 2,506,330 1,880,372
OPERATING PROFIT 4 24,814 102,214


Interest payable and similar expenses - 236
PROFIT BEFORE TAXATION 24,814 101,978

Tax on profit (1,363 ) 20,396
PROFIT FOR THE FINANCIAL YEAR 26,177 81,582

Retained earnings at beginning of year 237,676 156,094

RETAINED EARNINGS FOR THE GROUP
AT END OF YEAR

263,853

237,676

Profit attributable to:
Owners of the parent 26,177 81,582

Solarplicity Energy Limited (Registered number: 06895776)

Consolidated Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 468,219 419,012
Tangible assets 7 34,072 45,868
Investments 8 - -
502,291 464,880

CURRENT ASSETS
Stocks 82,729 702,626
Debtors 9 4,090,329 3,633,376
Cash at bank and in hand 618,118 251,700
4,791,176 4,587,702
CREDITORS
Amounts falling due within one year 10 5,027,333 4,811,262
NET CURRENT LIABILITIES (236,157 ) (223,560 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,134

241,320

PROVISIONS FOR LIABILITIES 2,279 3,642
NET ASSETS 263,855 237,678

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 263,853 237,676
SHAREHOLDERS' FUNDS 263,855 237,678

Solarplicity Energy Limited (Registered number: 06895776)

Consolidated Balance Sheet - continued
31 March 2017


The financial statements have been prepared in accordance with the provisions of Part 15 of the
Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 July 2018 and were signed on its
behalf by:




D S Elbourne - Director



Ms J A Clare - Director


Solarplicity Energy Limited (Registered number: 06895776)

Company Balance Sheet
31 March 2017

31.3.17 31.3.16
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 468,219 419,012
Tangible assets 7 34,072 45,868
Investments 8 1 1
502,292 464,881

CURRENT ASSETS
Stocks 82,729 702,626
Debtors 9 3,289,621 3,396,382
Cash at bank and in hand 313,795 159,495
3,686,145 4,258,503
CREDITORS
Amounts falling due within one year 10 3,922,303 4,482,064
NET CURRENT LIABILITIES (236,158 ) (223,561 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,134

241,320

PROVISIONS FOR LIABILITIES 2,279 3,642
NET ASSETS 263,855 237,678

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 12 263,853 237,676
SHAREHOLDERS' FUNDS 263,855 237,678

Company's profit for the financial year 26,177 81,582

Solarplicity Energy Limited (Registered number: 06895776)

Company Balance Sheet - continued
31 March 2017


The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 13 August 2017 and were signed on
its behalf by:




D S Elbourne - Director



Ms J A Clare - Director


Solarplicity Energy Limited (Registered number: 06895776)

Notes to the Consolidated Financial Statements
for the Year Ended 31 March 2017

1. STATUTORY INFORMATION

Solarplicity Energy Limited 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 General
Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Patents and licences
Patents and licences are valued at historic cost less provisions for amortisation or impairment in
value. Patents and licences are being amortised over their useful life of five years and three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 50% on cost, 25% on reducing balance and 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.

Financial instruments
Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are
measured initially at fair value, net of transaction costs, and are measured subsequently at
amortised cost using the effective interest method, less any impairment.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including
bank loans, are measured initially at fair value, net of transaction costs, and are measured
subsequently at amortised cost using the effective interest method.


Solarplicity Energy Limited (Registered number: 06895776)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2017

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Consolidated
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
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 group operates a defined contribution pension scheme. Contributions payable to the group'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 46 (2016 - 40 ) .

4. OPERATING PROFIT

The operating profit is stated after charging:

31.3.17 31.3.16
£    £   
Depreciation - owned assets 20,114 18,083
Patents and licences amortisation 186,457 144,453
Auditors' remuneration 8,250 5,250
Auditors' remuneration for non audit work 5,750 6,750

Solarplicity Energy Limited (Registered number: 06895776)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2017

5. INDIVIDUAL INCOME STATEMENT

As permitted by Section 408 of the Companies Act 2006, the Statement of Comprehensive Income
of the parent company is not presented as part of these financial statements.


6. INTANGIBLE FIXED ASSETS

Group
Other
intangible
assets
£   
COST
At 1 April 2016 621,687
Additions 235,664
At 31 March 2017 857,351
AMORTISATION
At 1 April 2016 202,675
Charge for year 186,457
At 31 March 2017 389,132
NET BOOK VALUE
At 31 March 2017 468,219
At 31 March 2016 419,012

Solarplicity Energy Limited (Registered number: 06895776)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2017

6. INTANGIBLE FIXED ASSETS - continued

Company
Other
intangible
assets
£   
COST
At 1 April 2016 621,687
Additions 235,664
At 31 March 2017 857,351
AMORTISATION
At 1 April 2016 202,675
Charge for year 186,457
At 31 March 2017 389,132
NET BOOK VALUE
At 31 March 2017 468,219
At 31 March 2016 419,012

7. TANGIBLE FIXED ASSETS

Group
Plant and
machinery
etc
£   
COST
At 1 April 2016 88,496
Additions 8,318
At 31 March 2017 96,814
DEPRECIATION
At 1 April 2016 42,628
Charge for year 20,114
At 31 March 2017 62,742
NET BOOK VALUE
At 31 March 2017 34,072
At 31 March 2016 45,868

Solarplicity Energy Limited (Registered number: 06895776)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2017

7. TANGIBLE FIXED ASSETS - continued

Company
Plant and
machinery
etc
£   
COST
At 1 April 2016 88,496
Additions 8,318
At 31 March 2017 96,814
DEPRECIATION
At 1 April 2016 42,628
Charge for year 20,114
At 31 March 2017 62,742
NET BOOK VALUE
At 31 March 2017 34,072
At 31 March 2016 45,868

8. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertakings
£   
COST
At 1 April 2016
and 31 March 2017 1
NET BOOK VALUE
At 31 March 2017 1
At 31 March 2016 1


Solarplicity Energy Limited (Registered number: 06895776)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2017

9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.17 31.3.16 31.3.17 31.3.16
£    £    £    £   
Trade debtors 2,388,349 1,777,990 2,385,707 1,777,936
Other debtors 1,701,980 1,855,386 903,914 1,618,446
4,090,329 3,633,376 3,289,621 3,396,382

10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
31.3.17 31.3.16 31.3.17 31.3.16
£    £    £    £   
Trade creditors 899,107 1,419,256 245,793 1,297,170
Amounts owed to group undertakings - - 1,657,126 112,196
Taxation and social security 56,702 35,243 175,260 35,243
Other creditors 4,071,524 3,356,763 1,844,124 3,037,455
5,027,333 4,811,262 3,922,303 4,482,064

11. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.17 31.3.16
value: £    £   
2 Ordinary £1 2 2

12. RESERVES

Group
Retained
earnings
£   

At 1 April 2016 237,676
Profit for the year 26,177
At 31 March 2017 263,853

Solarplicity Energy Limited (Registered number: 06895776)

Notes to the Consolidated Financial Statements - continued
for the Year Ended 31 March 2017

12. RESERVES - continued

Company
Retained
earnings
£   

At 1 April 2016 237,676
Profit for the year 26,177
At 31 March 2017 263,853

All amounts shown in retained earnings are distributable.

13. APB ETHICAL STANDARD - PROVISIONS AVAILABLE FOR SMALL ENTITIES

In common with many other businesses of our size and nature we use our auditors to prepare and
submit returns to the tax authorities and assist with the preparation of the financial statements.