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
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
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
Solas Air Ltd
Statement of financial position
as at 31 October 2023
Tangible assets
5,407
6,248
Cash at bank and in hand
7,017
62,655
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
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
Solas Air Ltd
Notes to the Accounts
for the year ended 31 October 2023
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Disposals
-
(1,299)
(1,299)
At 31 October 2023
520
11,823
12,343
At 1 November 2022
9
4,613
4,622
Charge for the year
104
3,007
3,111
At 31 October 2023
113
6,823
6,936
At 31 October 2023
407
5,000
5,407
At 31 October 2022
511
5,737
6,248
Amounts falling due within one year
Solas Air Ltd
Notes to the Accounts
for the year ended 31 October 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
(1,832)
10,161
Loans from directors
21,887
40,150
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).