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REGISTERED NUMBER: 04186408 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

SOLAGEN LIMITED

SOLAGEN LIMITED (REGISTERED NUMBER: 04186408)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLAGEN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: D Barraclough





SECRETARY:





REGISTERED OFFICE: Unit 8 Easter Court
Westerleigh Business Park
Yate
Bristol
BS37 5YS





REGISTERED NUMBER: 04186408 (England and Wales)





ACCOUNTANTS: Keller & Co
367b Church Road
Frampton Cotterell
Bristol
BS36 2AQ

SOLAGEN LIMITED (REGISTERED NUMBER: 04186408)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 22,306 30,627

CURRENT ASSETS
Stocks 182,807 196,393
Debtors 5 99,782 172,926
Cash at bank and in hand 16,272 19,275
298,861 388,594
CREDITORS
Amounts falling due within one year 6 (211,850 ) (271,631 )
NET CURRENT ASSETS 87,011 116,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

109,317

147,590

CREDITORS
Amounts falling due after more than one
year

7

(84,750

)

(120,250

)

PROVISIONS FOR LIABILITIES (1,237 ) (2,627 )
NET ASSETS 23,330 24,713

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Retained earnings 23,230 24,613
SHAREHOLDERS' FUNDS 23,330 24,713

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

SOLAGEN LIMITED (REGISTERED NUMBER: 04186408)

BALANCE SHEET - continued
30 APRIL 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 director and authorised for issue on 28 October 2024 and were signed by:





D Barraclough - Director


SOLAGEN LIMITED (REGISTERED NUMBER: 04186408)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Solagen Limited 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.

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.
Improvements to property - Straight line over 7 years
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

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 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

SOLAGEN LIMITED (REGISTERED NUMBER: 04186408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2023 - 18 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 May 2023 34,373 52,539 85,200
Disposals - - (1,003 )
At 30 April 2024 34,373 52,539 84,197
DEPRECIATION
At 1 May 2023 33,983 37,994 84,591
Charge for year 390 3,636 152
Eliminated on disposal - - (1,003 )
At 30 April 2024 34,373 41,630 83,740
NET BOOK VALUE
At 30 April 2024 - 10,909 457
At 30 April 2023 390 14,545 609

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2023 66,804 8,190 247,106
Disposals - (575 ) (1,578 )
At 30 April 2024 66,804 7,615 245,528
DEPRECIATION
At 1 May 2023 53,206 6,705 216,479
Charge for year 3,400 743 8,321
Eliminated on disposal - (575 ) (1,578 )
At 30 April 2024 56,606 6,873 223,222
NET BOOK VALUE
At 30 April 2024 10,198 742 22,306
At 30 April 2023 13,598 1,485 30,627

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 31,267 88,651
Other debtors 68,515 84,275
99,782 172,926

SOLAGEN LIMITED (REGISTERED NUMBER: 04186408)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 28,408 10,000
Trade creditors 48,476 45,643
Taxation and social security 23,249 18,762
Other creditors 111,717 197,226
211,850 271,631

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 12,500 22,500
Other creditors 72,250 97,750
84,750 120,250

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
D Barraclough
Balance outstanding at start of year (8 ) 7,901
Amounts advanced 7,485 70,302
Amounts repaid (10,000 ) (78,211 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,523 ) (8 )