2023-05-01 2024-04-30 05715310 Solo Fencing Systems UK Ltd false 05715310 2023-05-01 2024-04-30 05715310 uk-bus:Director1 2023-05-01 2024-04-30 05715310 uk-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 05715310 uk-bus:SmallEntities 2023-05-01 2024-04-30 05715310 uk-bus:FullAccounts 2023-05-01 2024-04-30 05715310 uk-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05715310 2023-05-01 05715310 2024-04-30 05715310 2023-04-30 xbrli:pure iso4217:GBP 05715310 2022-05-01 2023-04-30
Company Registration Number : 05715310 (England and Wales)
05715310
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-04-30
false
Solo Fencing Systems UK Ltd
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-05-01
Solo Fencing Systems UK Ltd
Unaudited filleted financial statements
For the year ended 30 April 2024
Solo Fencing Systems UK Ltd
Contents
For the year ended 30 April 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 8


Solo Fencing Systems UK Ltd
Company Information
For the year ended 30 April 2024

Company registration number 05715310 (England and Wales)
Directors Simon Dale
Gail Dale
Company secretary Simon Routledge Dale
Registered office address Edgecumbe Cottage, Green End
Nun Monkton
York
YO26 8EN
Accountant Root Accountants Ltd
Sandown House
Sandbeck Way
Wetherby
LS22 7DN
Solo Fencing Systems UK Ltd
Statement of Financial Position
For the year ended 30 April 2024

2024 2023
Notes £ £
Fixed assets
Property, plant and equipment 69,739 52,686
12 69,739 52,686
Current assets
Inventories 5 385,545 274,179
Debtors 6 31,137 18,821
Cash and cash equivalents 21 47,374
416,703 340,374
Current liabilities
Creditors: Amounts falling due within one year 7 (248,359) (158,329)
(248,359) (158,329)
Net current assets/(liabilities) 168,344 182,046
Total assets less current liabilities 238,083 234,731
Non-current liabilities
Creditors: Amounts falling due after more than one year 8 (103,005) (129,219)
Provision for liabilities (17,400) (10,000)
Net assets/(liabilities) 117,678 95,512
Capital and reserves
Called up share capital 9 100 100
Retained earnings 117,578 95,412
Shareholder's funds 117,678 95,512
For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 16 January 2025
.............................
Simon Routledge Dale
Company registration number: 05715310
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-04-30 30 April 2024
2024 2023
£ £
Fixed Assets 69,739 52,686
Current Assets 404,896 328,080
Prepayments and accrued income 11,807 12,295
Creditors: amounts falling due within one year (248,359) (158,329)
Net current assets (liabilities) 168,344 182,046
Total assets less current liabilities 238,083 234,731
CREDITORS: Amounts falling due more than one year (103,005) (129,219)
Provisions for liabilities (17,400) (10,000)
Net Assets (liabilities) 117,678 95,512
Capital and Reserves 117,678 95,512
For the year ending 30/04/2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. For the year ending 30-04-2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit for the year in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 16 January 2025 2024-12-17 and signed on behalf of the board,
.............................
Gail Dale
Director
Company registration number: 05715310
Solo Fencing Systems UK Ltd
Notes to the Financial Statements
For the year ended 30 April 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is Edgecumbe Cottage, Green End, Nun Monkton, York, YO26 8EN.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime.

(3) Significant Accounting Policies
Basis of Preparation
The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Sale of goods
Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them.
Rendering of Services
Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised.
Borrowing costs
All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery15% straight line
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings15% straight line
Equipment
Motor Cars25% reducing balance
Inventories
Inventories are measured at the lower of cost and net realisable value. Costs of inventories are determined on a first-in-first-out basis. Net realisable value represents the estimated selling price for inventories less all estimated costs necessary to make the sale.
Leases
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and
risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
Taxation
Taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period.
Current Tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit before tax as reported in the income statement 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 current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred Tax
A deferred tax asset or liability is recognised for tax recoverable or payable in future periods in respect of transactions and events recognised in the financial statements of current and previous periods.

Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. Timing differences result from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in the financial statements.

Deferred tax is recognised on all timing differences at the reporting date apart from certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax liabilities and assets 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.
Employee benefits
Payments to defined contribution retirement benefit plans are recognised as an expense when employees have rendered service entitling them to the contributions.

The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

(4) Employees
During the year, the average number of employees including director was 10 (2023 : 13).

(5) Inventories
2024 2023
£ £
Stock of Finished Goods 385,545 274,179
385,545 274,179

(6) Debtors
Amounts falling due within one year
2024 2023
£ £
Trade debtors 14,134 4,526
Other debtors 5,195 2,000
Prepayments and accrued income 11,807 12,295
31,137 18,821

(7) Creditors: Amounts falling due within one year
2024 2023
£ £
Trade creditors 160,599 108,334
Bank loans and overdrafts 65,129 29,835
Finance leases 13,400 7,150
Other taxes and social security 5,729 10,296
Other creditors 1,703 914
Accruals and deferred income 1,800 1,800
248,360 158,329

(8) Creditors: Amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 82,354 114,919
Finance leases 20,651 14,301
103,005 129,220

(9) Share capital
Alloted, called up and fully paid: 2024 2023
£ £
100 (2023 : 100) Ordinary shares of £ 1 each100100
100 100
Retained earnings 2024
£
At 1 May 2023 95,412
Profit of the year 82,166
Dividends paid (60,000)
At 30 April 2024 117,578

(10) Commitments, guarantees and contingencies
Obligations Under Finance Leases and Hire Purchase
Of the creditors falling due within and after more than one year the following amounts are secured by personal guarantee on
the director.
30 April 202430 April 2023
££
Within One year 13,400 7,150
Between one and five years20,651 14,301
Later than five years- -
Total 34,051 21,451

(11) Ultimate controlling party
The company's ultimate controlling party is the directors by virtue of their ownership of 100% of the issued share capital in the company.

(12) Fixed assets
Tangible

£
Cost
As at 01 May 202395,816
Additions37,452
As at 30 April 2024133,268
Depreciation/Amortisation
As at 01 May 202343,130
For the year20,399
As at 30 April 202463,529
Net book value
As at 30 April 202469,739
As at 30 April 202352,686