IRIS Accounts Production v24.2.0.383 10683454 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 Ordinary B 1.00000 Ordinary C 1.00000 1.00000 1.00000 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106834542023-03-31106834542024-03-31106834542023-04-012024-03-31106834542022-03-31106834542022-04-012023-03-31106834542023-03-3110683454ns15:EnglandWales2023-04-012024-03-3110683454ns14:PoundSterling2023-04-012024-03-3110683454ns10:Director12023-04-012024-03-3110683454ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110683454ns10:SmallEntities2023-04-012024-03-3110683454ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110683454ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110683454ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110683454ns10:FullAccounts2023-04-012024-03-3110683454ns10:OrdinaryShareClass12023-04-012024-03-3110683454ns10:OrdinaryShareClass22023-04-012024-03-3110683454ns10:OrdinaryShareClass32023-04-012024-03-3110683454ns10:OrdinaryShareClass112023-04-012024-03-31106834542ns10:OrdinaryShareClass22023-04-012024-03-3110683454ns10:OrdinaryShareClass332023-04-012024-03-3110683454ns10:RegisteredOffice2023-04-012024-03-3110683454ns5:CurrentFinancialInstruments2024-03-3110683454ns5:CurrentFinancialInstruments2023-03-3110683454ns5:Non-currentFinancialInstruments2024-03-3110683454ns5:Non-currentFinancialInstruments2023-03-3110683454ns5:ShareCapital2024-03-3110683454ns5:ShareCapital2023-03-3110683454ns5:RetainedEarningsAccumulatedLosses2024-03-3110683454ns5:RetainedEarningsAccumulatedLosses2023-03-3110683454ns5:MotorVehicles2023-04-012024-03-3110683454ns5:MotorVehicles2023-03-3110683454ns5:MotorVehicles2024-03-3110683454ns5:MotorVehicles2023-03-3110683454ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110683454ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110683454ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2024-03-3110683454ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-03-3110683454ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-03-3110683454ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-03-3110683454ns10:OrdinaryShareClass12024-03-3110683454ns10:OrdinaryShareClass22024-03-3110683454ns10:OrdinaryShareClass32024-03-3110683454ns5:RetainedEarningsAccumulatedLosses2023-03-3110683454ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 10683454 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

SOLID WALL LIMITED

SOLID WALL LIMITED (REGISTERED NUMBER: 10683454)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLID WALL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: L C M Lynott





REGISTERED OFFICE: 1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX





REGISTERED NUMBER: 10683454 (England and Wales)





ACCOUNTANTS: Armstrongs
Chartered Accountants and Tax Advisers
1 & 2 Mercia Village
Torwood Close
Westwood Business Park
Coventry
West Midlands
CV4 8HX

SOLID WALL LIMITED (REGISTERED NUMBER: 10683454)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,386 29,848

CURRENT ASSETS
Debtors 5 268,674 441,988
Cash at bank and in hand 15,814 80,921
284,488 522,909
CREDITORS
Amounts falling due within one year 6 136,717 145,447
NET CURRENT ASSETS 147,771 377,462
TOTAL ASSETS LESS CURRENT
LIABILITIES

170,157

407,310

CREDITORS
Amounts falling due after more than one year 7 (43,333 ) (59,306 )

PROVISIONS FOR LIABILITIES (4,253 ) (5,671 )
NET ASSETS 122,571 342,333

CAPITAL AND RESERVES
Called up share capital 8 400 100
Retained earnings 9 122,171 342,233
SHAREHOLDERS' FUNDS 122,571 342,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOLID WALL LIMITED (REGISTERED NUMBER: 10683454)

BALANCE SHEET - continued
31 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2024 and were signed by:





L C M Lynott - Director


SOLID WALL LIMITED (REGISTERED NUMBER: 10683454)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Solid Wall Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 1 ) .

SOLID WALL LIMITED (REGISTERED NUMBER: 10683454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 39,798
DEPRECIATION
At 1 April 2023 9,950
Charge for year 7,462
At 31 March 2024 17,412
NET BOOK VALUE
At 31 March 2024 22,386
At 31 March 2023 29,848

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 71,401 234,974
Amounts owed by group undertakings 660 541
Other debtors 69,512 101,009
Directors' current accounts 100,856 101,088
Tax 26,245 -
VAT - 4,376
268,674 441,988

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 6,906 6,906
Trade creditors 53,222 13,685
Amounts owed to group undertakings 36,580 54,389
Corporation tax 26,357 57,428
Social security and other taxes - 39
VAT 502 -
Accrued expenses 3,150 3,000
136,717 145,447

SOLID WALL LIMITED (REGISTERED NUMBER: 10683454)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 20,000 20,000
Bank loans - 2-5 years - 10,000
Hire purchase contracts 23,333 29,306
43,333 59,306

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 Ordinary £1 200 100
100 Ordinary B £1 100 -
100 Ordinary C £1 100 -
400 100

The following shares were issued during the year for cash at par :

100 Ordinary shares of £1
100 Ordinary B shares of £1
100 Ordinary C shares of £1

9. RESERVES
Retained
earnings
£   

At 1 April 2023 342,233
Deficit for the year (118,062 )
Dividends (102,000 )
At 31 March 2024 122,171

10. RELATED PARTY DISCLOSURES

The company has a trading current account with LCM Lynott Limited, a company which Mr L C M Lynott is also a director, the balance of £36,580 (2023: £54,389) is included in creditors.

11. ULTIMATE CONTROLLING PARTY

The controlling party is L C M Lynott.