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REGISTERED NUMBER: 09183667 (England and Wales)















SOLIAM.BIZ LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






SOLIAM.BIZ LTD (REGISTERED NUMBER: 09183667)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLIAM.BIZ LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: L Garrett
Mrs K L Garrett





REGISTERED OFFICE: 45 Northumberland Avenue
Margate
Kent
CT9 3BJ





REGISTERED NUMBER: 09183667 (England and Wales)





ACCOUNTANTS: Spurling Cannon
Chartered Certified Accountants
424 Margate Road
Westwood
Ramsgate
Kent
CT12 6SJ

SOLIAM.BIZ LTD (REGISTERED NUMBER: 09183667)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 4,106 4,743
Investments 5 188,121 35,104
192,227 39,847

CURRENT ASSETS
Debtors 6 4,420 2,158
Cash at bank 4,159 28,249
8,579 30,407
CREDITORS
Amounts falling due within one year 7 (146,243 ) (5,959 )
NET CURRENT (LIABILITIES)/ASSETS (137,664 ) 24,448
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,563

64,295

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 54,561 64,293
SHAREHOLDERS' FUNDS 54,563 64,295

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 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.

SOLIAM.BIZ LTD (REGISTERED NUMBER: 09183667)

BALANCE SHEET - continued
31 AUGUST 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 October 2024 and were signed on its behalf by:





L Garrett - Director


SOLIAM.BIZ LTD (REGISTERED NUMBER: 09183667)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Soliam.Biz Ltd is a private company, limited by shares , registered in England and Wales. 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 as modified by the revaluation of certain assets.

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.
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

SOLIAM.BIZ LTD (REGISTERED NUMBER: 09183667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixture & Computer
Fittings equipment Totals
£    £    £   
COST
At 1 September 2023 220 16,761 16,981
Additions 300 1,774 2,074
At 31 August 2024 520 18,535 19,055
DEPRECIATION
At 1 September 2023 55 12,183 12,238
Charge for year 130 2,581 2,711
At 31 August 2024 185 14,764 14,949
NET BOOK VALUE
At 31 August 2024 335 3,771 4,106
At 31 August 2023 165 4,578 4,743

5. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 - 35,104 35,104
Additions 140,925 - 140,925
Revaluations - 12,092 12,092
At 31 August 2024 140,925 47,196 188,121
NET BOOK VALUE
At 31 August 2024 140,925 47,196 188,121
At 31 August 2023 - 35,104 35,104

Cost or valuation at 31 August 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - 35,104 35,104
Valuation in 2024 140,925 12,092 153,017
140,925 47,196 188,121

SOLIAM.BIZ LTD (REGISTERED NUMBER: 09183667)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,569
Other debtors 4,420 589
4,420 2,158

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security - 3,760
Other creditors 146,243 2,199
146,243 5,959