IRIS Accounts Production v23.2.0.158 04461621 Board of Directors 1.7.22 30.6.23 30.6.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh044616212022-06-30044616212023-06-30044616212022-07-012023-06-30044616212021-06-30044616212021-07-012022-06-30044616212022-06-3004461621ns10:Originalns15:EnglandWales2022-07-012023-06-3004461621ns14:PoundSterlingns10:Original2022-07-012023-06-3004461621ns10:Originalns10:Director12022-07-012023-06-3004461621ns10:Original2022-07-012023-06-3004461621ns10:Original2023-06-3004461621ns10:Originalns10:PrivateLimitedCompanyLtd2022-07-012023-06-3004461621ns10:Originalns10:SmallEntities2022-07-012023-06-3004461621ns10:Originalns10:AuditExemptWithAccountantsReport2022-07-012023-06-3004461621ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-07-012023-06-3004461621ns10:SmallCompaniesRegimeForAccountsns10:Original2022-07-012023-06-3004461621ns10:Originalns10:FullAccounts2022-07-012023-06-3004461621ns10:Original12022-07-012023-06-3004461621ns10:Originalns10:Director22022-07-012023-06-3004461621ns10:Originalns10:Director32022-07-012023-06-3004461621ns10:CompanySecretary1ns10:Original2022-07-012023-06-3004461621ns10:Originalns10:RegisteredOffice2022-07-012023-06-3004461621ns10:Original2022-06-3004461621ns10:Originalns5:CurrentFinancialInstruments2023-06-3004461621ns10:Originalns5:CurrentFinancialInstruments2022-06-3004461621ns10:Originalns5:Non-currentFinancialInstruments2023-06-3004461621ns10:Originalns5:Non-currentFinancialInstruments2022-06-3004461621ns5:ShareCapitalns10:Original2023-06-3004461621ns5:ShareCapitalns10:Original2022-06-3004461621ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-06-3004461621ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-06-3004461621ns10:Originalns5:NetGoodwill2022-07-012023-06-3004461621ns5:IntangibleAssetsOtherThanGoodwillns10:Original2022-07-012023-06-3004461621ns10:Originalns5:PlantMachinery2022-07-012023-06-3004461621ns10:Originalns5:MotorVehicles2022-07-012023-06-3004461621ns10:Original2021-07-012022-06-3004461621ns10:Originalns5:NetGoodwill2022-06-3004461621ns10:Originalns5:NetGoodwill2023-06-3004461621ns10:Originalns5:NetGoodwill2022-06-3004461621ns10:Originalns5:PlantMachinery2022-06-3004461621ns10:Originalns5:MotorVehicles2022-06-3004461621ns10:Original2022-06-3004461621ns10:Originalns5:PlantMachinery2023-06-3004461621ns10:Originalns5:MotorVehicles2023-06-3004461621ns10:Originalns5:PlantMachinery2022-06-3004461621ns10:Originalns5:MotorVehicles2022-06-3004461621ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-06-3004461621ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-06-30
REGISTERED NUMBER: 04461621 (England and Wales)
















Financial Statements

for the Year Ended 30 June 2023

for

Soloheat Limited

Soloheat Limited (Registered number: 04461621)

Contents of the Financial Statements
for the Year Ended 30 June 2023










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Soloheat Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: P M Barnes
M C Barnes
M P Barnes





SECRETARY: M P Barnes





REGISTERED OFFICE: Unit 2
Lightpill Trading Estate
Bath Road
Stroud
Gloucestershire
GL5 3LL





REGISTERED NUMBER: 04461621 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Soloheat Limited

Report of the Accountants to the Directors of
Soloheat Limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit. You consider that the Company 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 financial statements of the Company. 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 financial statements.






GCSD Accountants Limited


4 October 2023

Soloheat Limited (Registered number: 04461621)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,377 4,221
3,377 4,221

CURRENT ASSETS
Stocks 83,327 78,052
Debtors 6 95,509 79,940
Cash at bank 131,143 173,101
309,979 331,093
CREDITORS
Amounts falling due within one year 7 176,782 205,384
NET CURRENT ASSETS 133,197 125,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,574

129,930

CREDITORS
Amounts falling due after more than
one year

8

(20,833

)

(30,833

)

PROVISIONS FOR LIABILITIES (642 ) (802 )
NET ASSETS 115,099 98,295

Soloheat Limited (Registered number: 04461621)

Balance Sheet - continued
30 June 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 4 4
Retained earnings 115,095 98,291
SHAREHOLDERS' FUNDS 115,099 98,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2023 and were signed on its behalf by:





P M Barnes - Director


Soloheat Limited (Registered number: 04461621)

Notes to the Financial Statements
for the Year Ended 30 June 2023


1. STATUTORY INFORMATION

Soloheat 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 Company Information page.

2. ACCOUNTING POLICIES

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 20% on cost
Motor vehicles - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

Soloheat Limited (Registered number: 04461621)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 100,000
AMORTISATION
At 1 July 2022
and 30 June 2023 100,000
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 14,093 25,545 39,638
DEPRECIATION
At 1 July 2022 14,093 21,324 35,417
Charge for year - 844 844
At 30 June 2023 14,093 22,168 36,261
NET BOOK VALUE
At 30 June 2023 - 3,377 3,377
At 30 June 2022 - 4,221 4,221

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 93,040 78,858
Other debtors 2,469 1,082
95,509 79,940

Soloheat Limited (Registered number: 04461621)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 39,999 53,700
Taxation and social security 12,213 27,777
Other creditors 114,570 113,907
176,782 205,384

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,833 30,833