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REGISTERED NUMBER: 02852716 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Solent Trusses Ltd

Solent Trusses Ltd (Registered number: 02852716)






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


Solent Trusses Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: M R Kian





SECRETARY: Mrs K L Kian





REGISTERED OFFICE: 2 Crompton Way
Segensworth West Industrial Estate
Fareham
Hampshire
PO15 5SS





REGISTERED NUMBER: 02852716 (England and Wales)





ACCOUNTANTS: Roches Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Solent Trusses Ltd (Registered number: 02852716)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 184,529 189,589
Investments 5 2 2
184,531 189,591

CURRENT ASSETS
Debtors 6 303 99,287
Cash at bank 626,183 420,676
626,486 519,963
CREDITORS
Amounts falling due within one year 7 125,670 23,209
NET CURRENT ASSETS 500,816 496,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

685,347

686,345

PROVISIONS FOR LIABILITIES 56 75
NET ASSETS 685,291 686,270

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 685,191 686,170
SHAREHOLDERS' FUNDS 685,291 686,270

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 his 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.

Solent Trusses Ltd (Registered number: 02852716)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 November 2023 and were signed by:





M R Kian - Director


Solent Trusses Ltd (Registered number: 02852716)

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

1. STATUTORY INFORMATION

Solent Trusses 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 each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Solent Trusses Ltd (Registered number: 02852716)

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

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 248,169 135,426 383,595
DEPRECIATION
At 1 March 2022 58,973 135,033 194,006
Charge for year 4,963 97 5,060
At 28 February 2023 63,936 135,130 199,066
NET BOOK VALUE
At 28 February 2023 184,233 296 184,529
At 28 February 2022 189,196 393 189,589

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 March 2022
and 28 February 2023 2
NET BOOK VALUE
At 28 February 2023 2
At 28 February 2022 2

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Amounts owed by group undertakings - 99,030
Other debtors 303 257
303 99,287

Solent Trusses Ltd (Registered number: 02852716)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Bank loans and overdrafts - 1
Amounts owed to group undertakings 102,362 -
Taxation and social security 9,397 9,297
Other creditors 13,911 13,911
125,670 23,209