2023-04-062024-04-052024-04-05false04139077SOLVAK ENGINEERS 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SOLVAK ENGINEERS LIMITED

Registered Number
04139077
(England and Wales)

Unaudited Financial Statements for the Year ended
5 April 2024

SOLVAK ENGINEERS LIMITED
Company Information
for the year from 6 April 2023 to 5 April 2024

Director

CAPLIN, Philip Lawrence

Company Secretary

CAPLIN, Helen Louise

Registered Address

15 Woodfield Rise
Bushey
WD23 4QR

Registered Number

04139077 (England and Wales)
SOLVAK ENGINEERS LIMITED
Balance Sheet as at
5 April 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors200,899200,899
Cash at bank and on hand179,639108,036
380,538308,935
Creditors amounts falling due within one year(40,264)(42,278)
Net current assets (liabilities)340,274266,657
Total assets less current liabilities340,274266,657
Provisions for liabilities(25,700)(29,080)
Net assets314,574237,577
Capital and reserves
Called up share capital22
Profit and loss account314,572237,575
Shareholders' funds314,574237,577
The financial statements were approved and authorised for issue by the Director on 5 November 2024, and are signed on its behalf by:
CAPLIN, Philip Lawrence
Director
Registered Company No. 04139077
SOLVAK ENGINEERS LIMITED
Notes to the Financial Statements
for the year ended 5 April 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
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.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Interest income
Interest income is recognised using the effective interest rate method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 06 April 2330,990
At 05 April 2430,990
Depreciation and impairment
At 06 April 2330,990
At 05 April 2430,990
Net book value
At 05 April 24-
At 05 April 23-