SOLUIS TECH LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
Company Registration No. SC487754 (Scotland)
PAGES FOR FILING WITH REGISTRAR
SOLUIS TECH LIMITED
COMPANY INFORMATION
Director
Mr Martin McDonnell
Company number
SC487754
Registered office
Virginia Court
Glasgow
Strathclyde
Scotland
G1 1TS
Accountants
Dains
46 Bank Street
Kilmarnock
Ayrshire
KA1 1HA
SOLUIS TECH LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
SOLUIS TECH LIMITED
BALANCE SHEET
AS AT
30 APRIL 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
16,313
14,003
Cash at bank and in hand
88
176
16,401
14,179
Creditors: amounts falling due within one year
4
(1,661)
(1,101)
Net current assets
14,740
13,078
Creditors: amounts falling due after more than one year
5
(186,330)
(182,830)
Net liabilities
(171,590)
(169,752)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(171,690)
(169,852)
Total equity
(171,590)
(169,752)

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

For the financial 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 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.

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

The financial statements were approved by the board of directors and authorised for issue on 30 January 2025 and are signed on its behalf by:
Mr Martin McDonnell
Director
Company registration number SC487754 (Scotland)
SOLUIS TECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024
- 2 -
1
Accounting policies
Company information

Soluis Tech Limited is a private company limited by shares incorporated in Scotland. The registered office is Virginia Court, Glasgow, Strathclyde, Scotland, G1 1TS.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 

At the year end the company has a net deficit on the balance sheet of £171,590 (2023 £169,752). However the going concern basis of preparation is appropriate as the holding company, Soluis Group Ltd, continues to support the business and has a significant loan balance advanced to the company of £156,330 (2023 £152,830) at the year end.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

 

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

1.3
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
-
0
-
0
SOLUIS TECH LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2024
- 3 -
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
16,283
13,783
Other debtors
30
220
16,313
14,003
4
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
180
-
0
Other creditors
1,481
1,101
1,661
1,101
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
186,330
182,830

HSBC Bank PLC holds a floating charge over all the assets and undertaking in respect of all monies and liabilities which are due now and in the future.

6
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
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