A W Solid Designs Limited 09155871 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is designing and fabricating one off items Digita Accounts Production Advanced 6.30.9574.0 true 09155871 2023-04-01 2024-03-31 09155871 2024-03-31 09155871 core:RetainedEarningsAccumulatedLosses 2024-03-31 09155871 core:ShareCapital 2024-03-31 09155871 core:CurrentFinancialInstruments 2024-03-31 09155871 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09155871 core:Non-currentFinancialInstruments 2024-03-31 09155871 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09155871 core:FurnitureFittings 2024-03-31 09155871 bus:SmallEntities 2023-04-01 2024-03-31 09155871 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09155871 bus:FullAccounts 2023-04-01 2024-03-31 09155871 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 09155871 bus:RegisteredOffice 2023-04-01 2024-03-31 09155871 bus:Director1 2023-04-01 2024-03-31 09155871 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09155871 core:FurnitureFittings 2023-04-01 2024-03-31 09155871 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 09155871 countries:EnglandWales 2023-04-01 2024-03-31 09155871 2023-03-31 09155871 core:FurnitureFittings 2023-03-31 09155871 2022-04-01 2023-03-31 09155871 2023-03-31 09155871 core:RetainedEarningsAccumulatedLosses 2023-03-31 09155871 core:ShareCapital 2023-03-31 09155871 core:CurrentFinancialInstruments 2023-03-31 09155871 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 09155871 core:Non-currentFinancialInstruments 2023-03-31 09155871 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 09155871 core:FurnitureFittings 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 09155871

A W Solid Designs Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 March 2024

 

A W Solid Designs Limited

(Registration number: 09155871)
Statement of Financial Position as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,000

2,321

Current assets

 

Debtors

5

8,320

9,496

Cash at bank and in hand

 

26,430

16,284

 

34,750

25,780

Creditors: Amounts falling due within one year

6

(17,147)

(13,818)

Net current assets

 

17,603

11,962

Total assets less current liabilities

 

19,603

14,283

Creditors: Amounts falling due after more than one year

6

(3,167)

(5,168)

Provisions for liabilities

(380)

(580)

Net assets

 

16,056

8,535

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

15,956

8,435

Shareholders' funds

 

16,056

8,535

For the financial year ending 31 March 2024 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 provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 27 August 2024
 

 

A W Solid Designs Limited

(Registration number: 09155871)
Statement of Financial Position as at 31 March 2024

.........................................
Mr A M Weller
Director

 

A W Solid Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. England.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

A W Solid Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% reducing balance

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

A W Solid Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 April 2023

11,836

11,836

Additions

180

180

At 31 March 2024

12,016

12,016

Depreciation

At 1 April 2023

9,515

9,515

Charge for the year

501

501

At 31 March 2024

10,016

10,016

Carrying amount

At 31 March 2024

2,000

2,000

At 31 March 2023

2,321

2,321

5

Debtors

2024
£

2023
£

Trade debtors

8,320

9,496

8,320

9,496

 

A W Solid Designs Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

7

2,000

2,000

Trade creditors

 

9,559

8,056

Taxation and social security

 

2,731

1,588

Accruals and deferred income

 

1,800

1,800

Other creditors

 

1,057

374

 

17,147

13,818

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

7

3,167

5,168

7

Loans and borrowings

2024
£

2023
£

Non-current loans and borrowings

Bank borrowings

3,167

5,168

2024
£

2023
£

Current loans and borrowings

Bank borrowings

2,000

2,000