IRIS Accounts Production v24.2.0.383 SC179663 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC1796632022-12-31SC1796632023-12-31SC1796632023-01-012023-12-31SC1796632021-12-31SC1796632022-01-012022-12-31SC1796632022-12-31SC179663ns15:Scotland2023-01-012023-12-31SC179663ns14:PoundSterling2023-01-012023-12-31SC179663ns10:Director12023-01-012023-12-31SC179663ns10:Director22023-01-012023-12-31SC179663ns10:PrivateLimitedCompanyLtd2023-01-012023-12-31SC179663ns10:SmallEntities2023-01-012023-12-31SC179663ns10:AuditExemptWithAccountantsReport2023-01-012023-12-31SC179663ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-31SC179663ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-31SC179663ns10:FullAccounts2023-01-012023-12-31SC179663ns10:CompanySecretary12023-01-012023-12-31SC179663ns10:RegisteredOffice2023-01-012023-12-31SC179663ns5:CurrentFinancialInstruments2023-12-31SC179663ns5:CurrentFinancialInstruments2022-12-31SC179663ns5:Non-currentFinancialInstruments2023-12-31SC179663ns5:Non-currentFinancialInstruments2022-12-31SC179663ns5:ShareCapital2023-12-31SC179663ns5:ShareCapital2022-12-31SC179663ns5:RetainedEarningsAccumulatedLosses2023-12-31SC179663ns5:RetainedEarningsAccumulatedLosses2022-12-31SC179663ns5:PlantMachinery2023-01-012023-12-31SC179663ns5:PlantMachinery2022-12-31SC179663ns5:PlantMachinery2023-12-31SC179663ns5:PlantMachinery2022-12-31SC179663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-31SC179663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-31SC179663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-31SC179663ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-31SC179663ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-31SC179663ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31SC179663ns5:Secured2023-12-31SC179663ns5:Secured2022-12-31
REGISTERED NUMBER: SC179663 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Sol Ventilation Limited

Sol Ventilation Limited (Registered number: SC179663)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 8

Sol Ventilation Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr Douglas Steen
Mr Marc Alexander Robert Steen





SECRETARY: Mr Douglas Steen





REGISTERED OFFICE: Unit 2
Block 2 Tollcross Industrial Estate
Causewayside Crescent
Glasgow
G32 8LJ





REGISTERED NUMBER: SC179663 (Scotland)






Sol Ventilation Limited (Registered number: SC179663)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,920 26,714

CURRENT ASSETS
Stocks 2,000 1,500
Debtors 5 209,994 228,952
Cash at bank 15,689 74,018
227,683 304,470
CREDITORS
Amounts falling due within one year 6 101,987 155,391
NET CURRENT ASSETS 125,696 149,079
TOTAL ASSETS LESS CURRENT
LIABILITIES

177,616

175,793

CREDITORS
Amounts falling due after more than one
year

7

(46,225

)

(31,953

)

PROVISIONS FOR LIABILITIES (9,865 ) (5,075 )
NET ASSETS 121,526 138,765

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 121,426 138,665
SHAREHOLDERS' FUNDS 121,526 138,765

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Sol Ventilation Limited (Registered number: SC179663)

Balance Sheet - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 May 2024 and were signed on its behalf by:




Mr Douglas Steen - Director



Mr Marc Alexander Robert Steen - Director


Sol Ventilation Limited (Registered number: SC179663)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Sol Ventilation Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Sol Ventilation Limited (Registered number: SC179663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 73,556
Additions 52,495
Disposals (38,435 )
At 31 December 2023 87,616
DEPRECIATION
At 1 January 2023 46,842
Charge for year 17,308
Eliminated on disposal (28,454 )
At 31 December 2023 35,696
NET BOOK VALUE
At 31 December 2023 51,920
At 31 December 2022 26,714

Sol Ventilation Limited (Registered number: SC179663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 40,583
Additions 52,495
Disposals (22,685 )
At 31 December 2023 70,393
DEPRECIATION
At 1 January 2023 20,844
Charge for year 16,264
Eliminated on disposal (15,507 )
At 31 December 2023 21,601
NET BOOK VALUE
At 31 December 2023 48,792
At 31 December 2022 19,739

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 198,704 210,035
Other debtors 11,290 18,917
209,994 228,952

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 13,065 5,651
Trade creditors 38,758 71,116
Taxation and social security 6,306 8,039
Other creditors 33,858 60,585
101,987 155,391

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 15,001 25,001
Hire purchase contracts 31,224 6,952
46,225 31,953

Sol Ventilation Limited (Registered number: SC179663)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 25,001 35,001
Hire purchase contracts 44,289 12,603
69,290 47,604

The bank loan is secured by a government backed guarantee.

Hire purchase creditors are secured against the assets to which they relate.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is an amount due to the director of £28,620 (2022: £54,722). This loan is interest free and repayable on demand.

Sol Ventilation Limited

Report of the Accountants to the Directors of
Sol Ventilation Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.








13 May 2024