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REGISTERED NUMBER: 09436660 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2023

for

Solarium Point Ltd

Solarium Point Ltd (Registered number: 09436660)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 6

Solarium Point Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: Miss A M Baranowska





SECRETARY:





REGISTERED OFFICE: 22 Grange Road
Ramsgate
Kent
CT11 9LR





REGISTERED NUMBER: 09436660 (England and Wales)





ACCOUNTANTS: Adlam Accountancy Services
22 Grange Road
Ramsgate
Kent
CT11 9LR

Solarium Point Ltd (Registered number: 09436660)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 21,400 24,901

CURRENT ASSETS
Stocks 5 1,265 2,750
Cash at bank and in hand 49 288
1,314 3,038
CREDITORS
Amounts falling due within one year 6 10,669 11,076
NET CURRENT LIABILITIES (9,355 ) (8,038 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,045

16,863

CREDITORS
Amounts falling due after more than one
year

7

16,722

16,722
NET (LIABILITIES)/ASSETS (4,677 ) 141

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings (4,680 ) 138
SHAREHOLDERS' FUNDS (4,677 ) 141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Solarium Point Ltd (Registered number: 09436660)

Balance Sheet - continued
28 February 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 October 2023 and were signed by:





Miss A M Baranowska - Director


Solarium Point Ltd (Registered number: 09436660)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Solarium Point Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Equipment - 15% on reducing balance
Furniture, Fixtures & Fittings - 15% on reducing balance
Computer equipment - 15% 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 4 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Furniture,
Fixtures Computer
Equipment & Fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022 59,996 3,509 180 63,685
Additions 274 - - 274
At 28 February 2023 60,270 3,509 180 63,959
DEPRECIATION
At 1 March 2022 38,231 526 27 38,784
Charge for year 3,305 447 23 3,775
At 28 February 2023 41,536 973 50 42,559
NET BOOK VALUE
At 28 February 2023 18,734 2,536 130 21,400
At 28 February 2022 21,765 2,983 153 24,901

Solarium Point Ltd (Registered number: 09436660)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

5. STOCKS
28.2.23 28.2.22
£    £   
Stocks 1,265 2,750

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts 4,375 4,375
Other loans - Youlend - 2,057
Other creditors 48 3,570
Pension payments to provider 172 -
Directors' current accounts 5,272 -
Accrued expenses 802 1,074
10,669 11,076

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans - 1-2 years 5,250 5,250
Bank loans - 2-5 years 11,375 11,375
Directors' loan accounts 97 97
16,722 16,722

Solarium Point Ltd

Report of the Accountants to the Director of
Solarium Point Ltd

The following reproduces the text of the report prepared for the director 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 Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 28 February 2023 set out on pages nil to nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Adlam Accountancy Services
22 Grange Road
Ramsgate
Kent
CT11 9LR


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