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Company Registration number: SC682770

Solway Engineering Ltd

Annual Report and
Unaudited Financial Statements


for the Year Ended 31 December 2023

 

Solway Engineering Ltd

Contents

Pages

Balance sheet

1 to 4

Notes to the financial statements

2

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2023

2023
£

2022
£

         

Fixed assets

 

10,507

 

16,607

Current assets

17,076

 

8,473

 

Creditors: Amounts falling due within one year

(17,844)

 

(4,906)

 

Net current (liabilities)/assets

 

(768)

 

3,567

Total assets less current liabilities

 

9,739

 

20,174

Creditors: Amounts falling due after more than one year

 

(9,618)

 

(11,768)

   

121

 

8,406

Capital and reserves

 

121

 

8,406

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2023 (continued)

Notes to the financial statements for the Year Ended 31 December 2023

1

GENERAL INFORMATION

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
1 Goldilea Cottages
Dumfries
DG2 8ND

These financial statements were authorised for issue by the director on 22 March 2024.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2023 (continued)

Notes to the financial statements for the Year Ended 31 December 2023 (continued)

3

RELATED PARTY TRANSACTIONS

Transactions with the director

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr L D Burcham

5,981

11,999

(5,981)

11,999

2022

At 1 January 2022
£

Advances to director
£

Repayments by director
£

At 31 December 2022
£

Mr L D Burcham

-

5,981

-

5,981

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2023 (continued)

For the financial year ending 31 December 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 March 2024
 

.........................................
Mr L D Burcham
Director

Company registration number: SC682770