1 false false false false false false false false false true false false false false false false No description of principal activity 2022-03-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,990 1,990 xbrli:pure xbrli:shares iso4217:GBP 01326365 2022-03-01 2023-02-28 01326365 2023-02-28 01326365 2021-03-01 2022-02-28 01326365 2022-02-28 01326365 bus:OrdinaryShareClass1 2022-03-01 2023-02-28 01326365 bus:Director6 2022-03-01 2023-02-28 01326365 core:WithinOneYear 2023-02-28 01326365 core:WithinOneYear 2022-02-28 01326365 core:ShareCapital 2023-02-28 01326365 core:ShareCapital 2022-02-28 01326365 core:CapitalRedemptionReserve 2023-02-28 01326365 core:CapitalRedemptionReserve 2022-02-28 01326365 core:RetainedEarningsAccumulatedLosses 2023-02-28 01326365 core:RetainedEarningsAccumulatedLosses 2022-02-28 01326365 bus:SmallEntities 2022-03-01 2023-02-28 01326365 bus:AuditExemptWithAccountantsReport 2022-03-01 2023-02-28 01326365 bus:FullAccounts 2022-03-01 2023-02-28 01326365 bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 01326365 bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 01326365 bus:OrdinaryShareClass1 2023-02-28 01326365 bus:OrdinaryShareClass1 2022-02-28 01326365 core:ComputerEquipment 2022-03-01 2023-02-28 01326365 core:ComputerEquipment 2023-02-28
COMPANY REGISTRATION NUMBER: 01326365
SOLOTRIM LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
28 February 2023
SOLOTRIM LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
SOLOTRIM LIMITED
BALANCE SHEET
28 February 2023
2023
2022
Note
£
£
Current assets
Stocks
6
553,168
553,168
Debtors
7
1,550
1,288
Cash at bank and in hand
54,480
50,607
------------
------------
609,198
605,063
Creditors: amounts falling due within one year
8
( 312,627)
( 330,945)
------------
------------
Net current assets
296,571
274,118
------------
------------
Total assets less current liabilities
296,571
274,118
------------
------------
Net assets
296,571
274,118
------------
------------
Capital and reserves
Called up share capital
9
216
216
Capital redemption reserve
200
200
Profit and loss account
296,155
273,702
------------
------------
Shareholders funds
296,571
274,118
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 28 February 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 22 November 2023 , and are signed on behalf of the board by:
K M Copland
Director
Company registration number: 01326365
SOLOTRIM LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 28 FEBRUARY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 23 Oldfield Lane, Heckmondwike, West Yorkshire, WF16 OJD.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Computer equipment
-
33% straight line
Stocks
Stocks are stated at direct cost plus attributable overheads or net realisable value if lower.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Computer equipment
£
Cost
At 1 March 2022 and 28 February 2023
1,990
------------
Depreciation
At 1 March 2022 and 28 February 2023
1,990
------------
Carrying amount
At 28 February 2023
------------
At 28 February 2022
------------
6. Stocks
2023
2022
£
£
Freehold and leasehold properties
553,168
553,168
------------
------------
7. Debtors
2023
2022
£
£
Trade debtors
530
500
Director's loan account
1,020
Pension fund
788
------------
------------
1,550
1,288
------------
------------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
8
8
Accruals and deferred income
5,479
5,461
Corporation tax
5,408
5,493
Social security and other taxes
377
128
Director's loan account
12,280
Other creditors
301,355
307,575
------------
------------
312,627
330,945
------------
------------
9. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
216
216
216
216
------------
------------
------------
------------
10. Related party transactions
Transactions with the directors Included in debtors is a director's loan account of £1,020 (2022: £12,280 creditor) set out above is unsecured, repayable on demand and currently interest free. Included within other creditors is the sum of £300,264 (2022: £306,484) due to the Estate of the late John Blacker-Hinchliff. Control of the company The company is controlled by the director.