Company Registration No. 10762345 (England and Wales)
SOLO16 LTD
Unaudited accounts
for the year ended 31 March 2024
SOLO16 LTD
Unaudited accounts
Contents
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
SOLO16 LTD
Statement of financial position
as at 31 March 2024
Tangible assets
92,234
81,033
Cash at bank and in hand
42,718
37,964
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)
Called up share capital
11
10
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
SOLO16 LTD
Notes to the Accounts
for the year ended 31 March 2024
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.
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:
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
At 31 March 2024
103,287
30,764
134,051
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
At 31 March 2024
75,499
16,735
92,234
At 31 March 2023
60,114
20,919
81,033
SOLO16 LTD
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
13,896
10,076
Accrued income and prepayments
1,034
-
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
3,713
-
Taxes and social security
4,157
2,808
Loans from directors
49,656
(4,056)
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).