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Registration number: 10784921

Solendeg UK Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

Solendeg UK Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 11

Detailed Profit and Loss Account

12 to 13

 

Solendeg UK Limited

Company Information

Director

Ms Ana Irene Delgado Guerra

Registered office

277 - 279 Chiswick High Road
Chiswick
London
England
W4 4PU

Accountants

Flintham Mackenzie Ltd
Chartered Accountants
277 - 279 Chiswick High Road
London
W4 4PU

 

Solendeg UK Limited

Director's Report for the Year Ended 31 March 2023

The director presents her report and the financial statements for the year ended 31 March 2023.

Director of the company

The director who held office during the year was as follows:

Ms Ana Irene Delgado Guerra

Principal activity

The principal activity of the company is that of consultancy services

Small companies provision statement

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

Approved and authorised by the director on 13 September 2023
 

.........................................
Ms Ana Irene Delgado Guerra
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Solendeg UK Limited
for the Year Ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Solendeg UK Limited for the year ended 31 March 2023 as set out on pages 4 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at
http://www.icaew.com/regulation.

This report is made solely to the Board of Directors of Solendeg UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Solendeg UK Limited and state those matters that we have agreed to state to the Board of Directors of Solendeg UK Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solendeg UK Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Solendeg UK Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Solendeg UK Limited. You consider that Solendeg UK Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Solendeg UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Flintham Mackenzie Ltd
Chartered Accountants
277 - 279 Chiswick High Road
London
W4 4PU

Date:.............................

 

Solendeg UK Limited

Profit and Loss Account for the Year Ended 31 March 2023

Note

2023
£

2022
£

Turnover

 

330

3,590

Gross profit

 

330

3,590

Administrative expenses

 

(10,930)

(67,253)

Other operating income

 

-

7,750

Operating loss

 

(10,600)

(55,913)

Loss before tax

(10,600)

(55,913)

Loss for the financial year

 

(10,600)

(55,913)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Solendeg UK Limited

Statement of Comprehensive Income for the Year Ended 31 March 2023

2023
£

2022
£

Loss for the year

(10,600)

(55,913)

Total comprehensive income for the year

(10,600)

(55,913)

 

Solendeg UK Limited

(Registration number: 10784921)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Current assets

 

Debtors

5

248

247

Cash at bank and in hand

 

22,834

5,029

 

23,082

5,276

Creditors: Amounts falling due within one year

6

(357,921)

(329,515)

Net liabilities

 

(334,839)

(324,239)

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(334,939)

(324,339)

Shareholders' deficit

 

(334,839)

(324,239)

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 13 September 2023
 

.........................................
Ms Ana Irene Delgado Guerra
Director

 

Solendeg UK Limited

Statement of Changes in Equity for the Year Ended 31 March 2023

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

100

(324,339)

(324,239)

Loss for the year

-

(10,600)

(10,600)

At 31 March 2023

100

(334,939)

(334,839)

Share capital
£

Retained earnings
£

Total
£

At 1 April 2021

100

(268,426)

(268,326)

Loss for the year

-

(55,913)

(55,913)

At 31 March 2022

100

(324,339)

(324,239)

 

Solendeg UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
277 - 279 Chiswick High Road
Chiswick
London
England
W4 4PU

These financial statements were authorised for issue by the director on 13 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

2 yrs on cost

 

Solendeg UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Solendeg UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

4

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 April 2022

1,800

1,800

At 31 March 2023

1,800

1,800

Depreciation

At 1 April 2022

1,800

1,800

At 31 March 2023

1,800

1,800

Carrying amount

At 31 March 2023

-

-

5

Debtors

Current

2023
£

2022
£

Other debtors

248

247

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Accruals and deferred income

1,320

1,800

Other creditors

356,601

327,715

357,921

329,515

7

Related party transactions

 

Solendeg UK Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

9,096

28,232

 

Solendeg UK Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2023

2023
£

2022
£

Turnover (analysed below)

330

3,590

Administrative expenses

Employment costs (analysed below)

(9,096)

(30,909)

Establishment costs (analysed below)

-

(8,054)

General administrative expenses (analysed below)

(1,776)

(28,196)

Finance charges (analysed below)

(58)

(94)

(10,930)

(67,253)

Other operating income (analysed below)

-

7,750

Operating loss

(10,600)

(55,913)

Loss before tax

(10,600)

(55,913)

 

Solendeg UK Limited

Detailed Profit and Loss Account for the Year Ended 31 March 2023

2023
£

2022
£

   

Turnover

Sales

330

3,589

Deposit account interest

-

1

330

3,590

   

Employment costs

Delgado Guerra Ms A I - Salaries

(9,096)

(28,232)

Social security

-

(2,677)

(9,096)

(30,909)

   

Establishment costs

Rent Rates & Utilities

-

(3,650)

Repairs and maintenance

-

(4,404)

-

(8,054)

   

General administrative expenses

Travelling

-

(25,396)

Accountancy

(1,776)

(2,800)

(1,776)

(28,196)

   

Finance charges

Bank charges

(58)

(94)

   

Other operating income

HMRC Grant

-

7,750