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REGISTERED NUMBER: 04260386 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 19 JULY 2022 TO 30 DECEMBER 2023

FOR

SOLUS FS LIMITED

SOLUS FS LIMITED (REGISTERED NUMBER: 04260386)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 JULY 2022 TO 30 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SOLUS FS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 19 JULY 2022 TO 30 DECEMBER 2023







DIRECTORS: Mr P D T Morgan
Mr A Jones





REGISTERED OFFICE: 1 Moorside Point
Moorside Road
Winnall
Winchester
Hampshire
SO23 7RX





REGISTERED NUMBER: 04260386 (England and Wales)





ACCOUNTANTS: Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ

SOLUS FS LIMITED (REGISTERED NUMBER: 04260386)

BALANCE SHEET
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,657 -

CURRENT ASSETS
Stocks 4,357 400
Debtors 5 68,758 59,273
Cash at bank 87,255 77,893
160,370 137,566
CREDITORS
Amounts falling due within one year 6 137,696 132,232
NET CURRENT ASSETS 22,674 5,334
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,331

5,334

CREDITORS
Amounts falling due after more than one
year

7

(4,304

)

-

PROVISIONS FOR LIABILITIES - (4,000 )
NET ASSETS 41,027 1,334

CAPITAL AND RESERVES
Called up share capital 42,659 42,659
Retained earnings (1,632 ) (41,325 )
41,027 1,334

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 December 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 August 2024 and were signed on its behalf by:




Mr A Jones - Director


SOLUS FS LIMITED (REGISTERED NUMBER: 04260386)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 19 JULY 2022 TO 30 DECEMBER 2023

1. STATUTORY INFORMATION

Solus FS Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Income is measured at the fair value of the consideration received or receivable and is recognised at the point when it is probable that the economic benefits associated with the transaction will flow to the company and the transaction can be reliably measured. Specifically, revenue from the sale of stationery and ancillary products is recognised when the goods are delivered to the customer and legal title has passed, such that the company retains no effective control over the goods sold. Revenue is reduced for any customer returns, trade discounts, rebates or 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.
Improvements to property - Over the length of the lease
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, 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 period 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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

SOLUS FS LIMITED (REGISTERED NUMBER: 04260386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 JULY 2022 TO 30 DECEMBER 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 5 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
Additions 4,404 406 25,995 2,281 33,086
At 30 December 2023 4,404 406 25,995 2,281 33,086
DEPRECIATION
Charge for period 514 102 9,207 606 10,429
At 30 December 2023 514 102 9,207 606 10,429
NET BOOK VALUE
At 30 December 2023 3,890 304 16,788 1,675 22,657

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 64,541 50,093
Other debtors 4,217 9,180
68,758 59,273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 6,893 -
Trade creditors 77,737 61,375
Taxation and social security 42,845 51,823
Other creditors 10,221 19,034
137,696 132,232

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Hire purchase contracts (see note 8) 4,304 -

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 6,893 -
Between one and five years 4,304 -
11,197 -

SOLUS FS LIMITED (REGISTERED NUMBER: 04260386)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 19 JULY 2022 TO 30 DECEMBER 2023

8. LEASING AGREEMENTS - continued

Non-cancellable operating leases
2023 2022
£    £   
Within one year 10,708 -
Between one and five years 34,167 -
44,875 -

9. ULTIMATE CONTROLLING PARTY

At the balance sheet date, the company is under the control of Warrens Office Ltd whose registered office is 1 Moorside Road, Winchester, England, SO23 7RX.

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SOLUS FS LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Solus FS Limited for the period ended 30 December 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Solus FS Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Solus FS Limited and state those matters that we have agreed to state to the Board of Directors of Solus FS Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solus FS Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Solus FS Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Solus FS Limited. You consider that Solus FS Limited is exempt from the statutory audit requirement for the period.

We have not been instructed to carry out an audit or a review of the financial statements of Solus FS Limited. 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 financial statements.






Rothmans LLP
Chartered Accountants
Chilworth Point
1 Chilworth Road
Southampton
SO16 7JQ


Date: .............................................