Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 11752970 Mr Mandeep Bharj iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11752970 2023-01-31 11752970 2024-01-31 11752970 2023-02-01 2024-01-31 11752970 frs-core:CurrentFinancialInstruments 2024-01-31 11752970 frs-core:Non-currentFinancialInstruments 2024-01-31 11752970 frs-core:ComputerEquipment 2024-01-31 11752970 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11752970 frs-core:ComputerEquipment 2023-01-31 11752970 frs-core:PlantMachinery 2024-01-31 11752970 frs-core:PlantMachinery 2023-02-01 2024-01-31 11752970 frs-core:PlantMachinery 2023-01-31 11752970 frs-core:ShareCapital 2024-01-31 11752970 frs-core:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 11752970 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 11752970 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 11752970 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11752970 frs-bus:SmallEntities 2023-02-01 2024-01-31 11752970 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 11752970 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11752970 frs-bus:Director1 2023-02-01 2024-01-31 11752970 frs-countries:EnglandWales 2023-02-01 2024-01-31 11752970 2022-01-31 11752970 2023-01-31 11752970 2022-02-01 2023-01-31 11752970 frs-core:CurrentFinancialInstruments 2023-01-31 11752970 frs-core:Non-currentFinancialInstruments 2023-01-31 11752970 frs-core:ShareCapital 2022-01-31 11752970 frs-core:ShareCapital 2023-01-31 11752970 frs-core:RetainedEarningsAccumulatedLosses 2022-02-01 2023-01-31 11752970 frs-core:RetainedEarningsAccumulatedLosses frs-core:PreviouslyStatedAmount 2022-01-31 11752970 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 11752970
Solus Goods Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
SKZ Chartered Certified Accountants
Chartered Certified Accountants
Unit 1,Kataria Point,
1 Riches Road,
Ilford
Essex
IG1 1JH
Contents
Page
Balance Sheet 1—2
Statement of Changes in Equity 3
Notes to the Financial Statements 4—5
Page 1
Balance Sheet
Registered number: 11752970
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 482 669
482 669
CURRENT ASSETS
Stocks 5 1,800 1,800
Debtors 6 842 424
Cash at bank and in hand 689 1,226
3,331 3,450
Creditors: Amounts Falling Due Within One Year 7 (3,188 ) (3,864 )
NET CURRENT ASSETS (LIABILITIES) 143 (414 )
TOTAL ASSETS LESS CURRENT LIABILITIES 625 255
Creditors: Amounts Falling Due After More Than One Year 8 (7,488 ) (10,455 )
NET LIABILITIES (6,863 ) (10,200 )
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (6,963 ) (10,300 )
SHAREHOLDERS' FUNDS (6,863) (10,200)
Page 1
Page 2
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Mandeep Bharj
Director
29/10/2024
The notes on pages 4 to 5 form part of these financial statements.
Page 2
Page 3
Statement of Changes in Equity
Share Capital Profit and Loss Account Total
£ £ £
As at 1 February 2022 100 (1,279 ) (1,179)
Loss for the year and total comprehensive income - (9,021 ) (9,021)
As at 31 January 2023 and 1 February 2023 100 (10,300 ) (10,200)
Profit for the year and total comprehensive income - 3,337 3,337
As at 31 January 2024 100 (6,963 ) (6,863)
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Solus Goods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11752970 . The registered office is Unit 1, Kataria Point C/O Skz Accountants, 1 Riches Road, Ilford, IG1 1JH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Computer Equipment 33% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: 1)
- 1
4. Tangible Assets
Plant & Machinery Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 1,285 1,251 2,536
As at 31 January 2024 1,285 1,251 2,536
Depreciation
As at 1 February 2023 852 1,015 1,867
Provided during the period 109 78 187
As at 31 January 2024 961 1,093 2,054
...CONTINUED
Page 4
Page 5
Net Book Value
As at 31 January 2024 324 158 482
As at 1 February 2023 433 236 669
5. Stocks
2024 2023
£ £
Materials 1,800 1,800
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 275 -
Other taxes and social security 567 424
842 424
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 62 62
Net wages 1,774 2,243
Accruals and deferred income 70 -
Director's loan account 1,282 1,559
3,188 3,864
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 7,488 10,455
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 5