Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 SC690570 Mr Dominik Andrzejczak Dominik Andrzejczak true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC690570 2023-02-28 SC690570 2024-02-29 SC690570 2023-03-01 2024-02-29 SC690570 frs-core:CurrentFinancialInstruments 2024-02-29 SC690570 frs-core:ShareCapital 2024-02-29 SC690570 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 SC690570 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 SC690570 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 SC690570 frs-bus:SmallEntities 2023-03-01 2024-02-29 SC690570 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 SC690570 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 SC690570 1 2023-03-01 2024-02-29 SC690570 frs-bus:Director1 2023-03-01 2024-02-29 SC690570 frs-bus:Director1 2023-02-28 SC690570 frs-bus:Director1 2024-02-29 SC690570 frs-countries:Scotland 2023-03-01 2024-02-29 SC690570 2022-02-28 SC690570 2023-02-28 SC690570 2022-03-01 2023-02-28 SC690570 frs-core:CurrentFinancialInstruments 2023-02-28 SC690570 frs-core:ShareCapital 2023-02-28 SC690570 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: SC690570
Solid Transport Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
John McEwan Accounting Services
ACCA
60 Clove Mill Wynd
Larkhall
ML9 1NT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC690570
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 56,500 56,500
Cash at bank and in hand 2,736 2,024
59,236 58,524
Creditors: Amounts Falling Due Within One Year 5 (3,734 ) (8,320 )
NET CURRENT ASSETS (LIABILITIES) 55,502 50,204
TOTAL ASSETS LESS CURRENT LIABILITIES 55,502 50,204
NET ASSETS 55,502 50,204
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 55,501 50,203
SHAREHOLDERS' FUNDS 55,502 50,204
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For the year ending 29 February 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 Dominik Andrzejczak
Director
15/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Solid Transport Ltd is a private company, limited by shares, incorporated in Scotland, registered number SC690570 . The registered office is 30 Binend Road, Glasgow, G53 5JB.
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. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 56,500 56,500
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 1,243 5,965
Accruals and deferred income 684 1,588
Director's loan account 1,807 767
3,734 8,320
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Directors Advances, Credits and Guarantees
Included within creditors is the following loan from the director:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Dominik Andrzejczak 767 1,040 - - 1,807
The above loan, which is due to the director, is unsecured, interest free, has not fixed repayment terms and is repayable on demand.
8. Ultimate Controlling Party
The company's ultimate controlling party is Dominik Andrzejczak by virtue of his ownership of 100% of the issued share capital in the company.
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