SOLWAY FUELS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
Company registration number SC497398 (Scotland)
PAGES FOR FILING WITH REGISTRAR
SOLWAY FUELS LTD
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
£
£
£
£
Fixed assets
68,234
68,781
Current assets
210,468
212,232
Creditors: amounts falling due within one year
(140,758)
(108,462)
Net current assets
69,710
103,770
Total assets less current liabilities
137,944
172,551
Creditors: amounts falling due after more than one year
(21,467)
(39,056)
Net assets
116,477
133,495
Capital and reserves
116,477
133,495
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2024
2023
Number
Number
Employees
2
2
2
Secured liabilities

Hire purchase obligations of £17,361 (2023 £25,000) are secured over the assets concerned.

3
Related party transactions

Current assets includes the sum of £75,609 (2023 £26,857) due by companies related by virtue of common control. These loans are repayable on demand and do not bear interest.

Solway Fuels Ltd is a private company limited by shares incorporated in Scotland. The registered office is 1 Brasswell Park, Annan Road, Dumfries, DG1 3JA.

For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

SOLWAY FUELS LTD
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 14 November 2024
Mr Duncan McCready
Director
Company registration number SC497398 (Scotland)
2024-03-312023-04-01falseCCH SoftwareCCH Accounts Production 2024.200No description of principal activityMr Duncan  McCreadyfalsefalseSC4973982023-04-012024-03-31SC4973982024-03-31SC4973982023-03-31SC497398core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-31SC497398core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-31SC497398core:Non-currentFinancialInstruments2024-03-31SC497398core:Non-currentFinancialInstruments2023-03-31SC4973982022-04-012023-03-31SC497398bus:Director12023-04-012024-03-31SC497398bus:PrivateLimitedCompanyLtd2023-04-012024-03-31SC497398bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-31SC497398bus:Micro-entities2023-04-012024-03-31SC497398bus:AuditExemptWithAccountantsReport2023-04-012024-03-31SC497398bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP