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Company Registration No. 12367060 (England and Wales)
SO SOLID LTD Unaudited accounts for the year ended 31 December 2023
SO SOLID LTD Unaudited accounts Contents
Page
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SO SOLID LTD Company Information for the year ended 31 December 2023
Director
Mr O Aydemir
Company Number
12367060 (England and Wales)
Registered Office
54A Chatsworth Road London E5 0LP England
Accountants
DNG Associates 214 Baker Street Enfield London EN1 3JT
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SO SOLID LTD Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Investment property
304,000 
295,000 
Current assets
Debtors
7,100 
- 
Cash at bank and in hand
53,549 
5,388 
60,649 
5,388 
Creditors: amounts falling due within one year
(152,587)
(100,482)
Net current liabilities
(91,938)
(95,094)
Total assets less current liabilities
212,062 
199,906 
Creditors: amounts falling due after more than one year
(175,088)
(175,088)
Provisions for liabilities
Deferred tax
(5,173)
(4,275)
Net assets
31,801 
20,543 
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
26,327 
18,225 
Profit and loss account
5,374 
2,218 
Shareholders' funds
31,801 
20,543 
For the year ending 31 December 2023 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 director acknowledges his 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 and authorised for issue on 19 September 2024 and were signed on its behalf by
Mr O Aydemir Director Company Registration No. 12367060
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SO SOLID LTD Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
SO SOLID LTD is a private company, limited by shares, registered in England and Wales, registration number 12367060. The registered office is 54A Chatsworth Road, London, E5 0LP, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
4
Investment property
2023 
£ 
Fair value at 1 January 2023
295,000 
Net gain from fair value adjustments
9,000 
At 31 December 2023
304,000 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
7,100 
- 
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SO SOLID LTD Notes to the Accounts for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
740 
520 
Loans from directors
151,597 
99,712 
Accruals
250 
250 
152,587 
100,482 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
175,088 
175,088 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
Included within other creditors is an amount of £151,597 (2022: £99,712) due to the director of the company. There are no terms as to interest or repayment in respect of this balance.
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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