1 April 2023 false No description of principal activity Taxfiler 2024.5 10762345business:PrivateLimitedCompanyLtd2023-04-012024-03-31 107623452023-03-31 107623452023-04-012024-03-31 10762345business:AuditExemptWithAccountantsReport2023-04-012024-03-31 10762345business:FilletedAccounts2023-04-012024-03-31 107623452024-03-31 10762345business:Director12023-04-012024-03-31 10762345business:Director22023-04-012024-03-31 10762345business:RegisteredOffice2023-04-012024-03-31 107623452023-03-31 10762345core:WithinOneYear2024-03-31 10762345core:WithinOneYear2023-03-31 10762345core:AfterOneYear2024-03-31 10762345core:AfterOneYear2023-03-31 10762345core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10762345core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 10762345core:SharePremiumcore:PreviouslyStatedAmount2024-03-31 10762345core:SharePremiumcore:PreviouslyStatedAmount2023-03-31 10762345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10762345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 10762345core:PreviouslyStatedAmount2024-03-31 10762345core:PreviouslyStatedAmount2023-03-31 10762345business:SmallEntities2023-04-012024-03-31 10762345countries:EnglandWales2023-04-012024-03-31 10762345core:PlantMachinery2023-04-012024-03-31 10762345core:MotorVehicles2023-04-012024-03-31 10762345core:PlantMachinery2023-03-31 10762345core:MotorVehicles2023-03-31 10762345core:PlantMachinery2024-03-31 10762345core:MotorVehicles2024-03-31 107623452022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10762345 (England and Wales)
SOLO16 LTD Unaudited accounts for the year ended 31 March 2024
SOLO16 LTD Unaudited accounts Contents
Page
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SOLO16 LTD Company Information for the year ended 31 March 2024
Directors
Tom Sykes Paula Sykes
Company Number
10762345 (England and Wales)
Registered Office
Unit 16 Shrivenham Hundred Business Park Watchfeild Swindon SN6 8TZ England
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SOLO16 LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
92,234 
81,033 
Current assets
Debtors
14,930 
10,076 
Cash at bank and in hand
42,718 
37,964 
57,648 
48,040 
Creditors: amounts falling due within one year
(61,037)
(1,497)
Net current (liabilities)/assets
(3,389)
46,543 
Total assets less current liabilities
88,845 
127,576 
Creditors: amounts falling due after more than one year
(238)
(7,664)
Provisions for liabilities
Deferred tax
(17,524)
(15,396)
Other provisions
- 
30 
(17,524)
(15,366)
Net assets
71,083 
104,546 
Capital and reserves
Called up share capital
11 
10 
Share premium
- 
48,257 
Profit and loss account
71,072 
56,279 
Shareholders' funds
71,083 
104,546 
For the 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. 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 16 September 2024 and were signed on its behalf by
Tom Sykes Director Company Registration No. 10762345
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SOLO16 LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
SOLO16 LTD is a private company, limited by shares, registered in England and Wales, registration number 10762345. The registered office is Unit 16 Shrivenham Hundred Business Park, Watchfeild, Swindon, SN6 8TZ, 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.
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
5 years SLM
Motor vehicles
5 years SLM
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
71,458 
30,764 
102,222 
Additions
31,829 
- 
31,829 
At 31 March 2024
103,287 
30,764 
134,051 
Depreciation
At 1 April 2023
11,344 
9,845 
21,189 
Charge for the year
16,444 
4,184 
20,628 
At 31 March 2024
27,788 
14,029 
41,817 
Net book value
At 31 March 2024
75,499 
16,735 
92,234 
At 31 March 2023
60,114 
20,919 
81,033 
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SOLO16 LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
13,896 
10,076 
Accrued income and prepayments
1,034 
- 
14,930 
10,076 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
3,713 
- 
VAT
3,541 
2,745 
Taxes and social security
4,157 
2,808 
Other creditors
(30)
- 
Loans from directors
49,656 
(4,056)
61,037 
1,497 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
238 
7,664 
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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