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Company Registration No. 12263383 (England and Wales)
Solas Air Ltd Unaudited accounts for the year ended 31 October 2023
Solas Air Ltd Unaudited accounts Contents
Page
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Solas Air Ltd Company Information for the year ended 31 October 2023
Directors
Suzie Lavelle Will Martin
Company Number
12263383 (England and Wales)
Registered Office
52 BROWNLOW ROAD LONDON E8 4NR ENGLAND
Accountants
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS
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Solas Air Ltd Accountants' report
Accountants' report to the board of directors of Solas Air Ltd on the preparation of the unaudited statutory accounts for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Solas Air Ltd for the year ended 31 October 2023 as set out on pages 5 - 7 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 of Solas Air Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Solas Air Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solas Air Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Solas Air Ltd 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 Solas Air Ltd. You consider that Solas Air Ltd 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 Solas Air Ltd. 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.
Taxman Solutions 42 Hayston Road Cumbernauld Glasgow G68 0BS 21 February 2024
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Solas Air Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
5,407 
6,248 
Current assets
Debtors
600 
8,058 
Cash at bank and in hand
7,017 
62,655 
7,617 
70,713 
Creditors: amounts falling due within one year
(22,462)
(60,525)
Net current (liabilities)/assets
(14,845)
10,188 
Net (liabilities)/assets
(9,438)
16,436 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(9,538)
16,336 
Shareholders' funds
(9,438)
16,436 
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by
Will Martin Director Company Registration No. 12263383
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Solas Air Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
Solas Air Ltd is a private company, limited by shares, registered in England and Wales, registration number 12263383. The registered office is 52 BROWNLOW ROAD, LONDON, E8 4NR, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
3 years straight line basis
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
520 
10,350 
10,870 
Additions
- 
2,772 
2,772 
Disposals
- 
(1,299)
(1,299)
At 31 October 2023
520 
11,823 
12,343 
Depreciation
At 1 November 2022
9 
4,613 
4,622 
Charge for the year
104 
3,007 
3,111 
On disposals
- 
(797)
(797)
At 31 October 2023
113 
6,823 
6,936 
Net book value
At 31 October 2023
407 
5,000 
5,407 
At 31 October 2022
511 
5,737 
6,248 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
600 
8,058 
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Solas Air Ltd Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
624 
7,421 
Taxes and social security
(1,832)
10,161 
Loans from directors
21,887 
40,150 
Accruals
1,783 
2,793 
22,462 
60,525 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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