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Company Registration No. 2902048 (England and Wales)
Solutech Limited Unaudited accounts for the year ended 29 February 2024
Solutech Limited Unaudited accounts Contents
Page
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Solutech Limited Company Information for the year ended 29 February 2024
Directors
George Robert Washington Michael Washington Denise Doherty
Company Number
2902048 (England and Wales)
Registered Office
C/O SOLUTECH BARLOW DRIVE WOODFORD PARK INDUSTRIAL ESTATE WINSFORD CW7 2JZ ENGLAND
Accountants
Montague Charles Hesketh Mount 92 Lord Street Southport PR8 1JR
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Solutech Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
44,000 
58,691 
Current assets
Inventories
265,663 
327,323 
Debtors
1,305,716 
2,620,626 
Cash at bank and in hand
864,051 
949,934 
2,435,430 
3,897,883 
Creditors: amounts falling due within one year
(1,200,976)
(2,792,617)
Net current assets
1,234,454 
1,105,266 
Total assets less current liabilities
1,278,454 
1,163,957 
Provisions for liabilities
Deferred tax
(8,294)
(11,056)
Net assets
1,270,160 
1,152,901 
Capital and reserves
Called up share capital
28,500 
28,500 
Profit and loss account
1,241,660 
1,124,401 
Shareholders' funds
1,270,160 
1,152,901 
For the year ending 29 February 2024 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 5 August 2024 and were signed on its behalf by
Denise Doherty Director Company Registration No. 2902048
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Solutech Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Solutech Limited is a private company, limited by shares, registered in England and Wales, registration number 2902048. The registered office is C/O SOLUTECH BARLOW DRIVE, WOODFORD PARK INDUSTRIAL ESTATE, WINSFORD, CW7 2JZ, 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.
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
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:
Plant & machinery
25% reducing balance
Computer equipment
33% reducing balance
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
562,863 
680 
2,499 
566,042 
At 29 February 2024
562,863 
680 
2,499 
566,042 
Depreciation
At 1 March 2023
504,395 
680 
2,276 
507,351 
Charge for the year
14,617 
- 
74 
14,691 
At 29 February 2024
519,012 
680 
2,350 
522,042 
Net book value
At 29 February 2024
43,851 
- 
149 
44,000 
At 28 February 2023
58,468 
- 
223 
58,691 
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Solutech Limited Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
- 
19,127 
Trade debtors
1,299,940 
2,597,460 
Accrued income and prepayments
5,776 
4,039 
1,305,716 
2,620,626 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
1,103 
- 
Trade creditors
1,115,683 
2,533,352 
Taxes and social security
69,349 
71,228 
Other creditors
3,392 
3,392 
Loans from directors
49 
49 
Accruals
11,400 
184,596 
1,200,976 
2,792,617 
7
Operating lease commitments
2024 
2023 
£ 
£ 
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
100,000 
52,208 
Later than one year and not later than five years
- 
7,184 
100,000 
59,392 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
George Robert Washington
Loan to director
(49)
- 
- 
(49)
(49)
- 
- 
(49)
9
Controlling party
The company is controlled by Rabble Limited, a company registered in England and Wales.
10
Average number of employees
During the year the average number of employees was 11 (2023: 10).
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