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Registration number: 09015972

Solang & Hansen FA Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Solang & Hansen FA Ltd

Company Information

Director

Mr Daniel McCullough

Registered office

C28-31
New Covent Garden Market
London
SW8 5JJ

Accountants

Mehta & Tengra 9 Berners Place
London
W1T 3AD

 

Solang & Hansen FA Ltd

(Registration number: 09015972)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

5

759

-

Current assets

 

Debtors

6

534

534

Cash at bank and in hand

 

84,723

73,361

 

85,257

73,895

Creditors: Amounts falling due within one year

7

(27,579)

(26,349)

Net current assets

 

57,678

47,546

Net assets

 

58,437

47,546

Capital and reserves

 

Called up share capital

8

4

4

Retained earnings

58,433

47,542

Shareholders' funds

 

58,437

47,546

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 January 2025
 

.........................................
Mr Daniel McCullough
Director

 

Solang & Hansen FA Ltd

Statement of Changes in Equity for the Year Ended 30 April 2024

Share capital
£

Retained earnings
£

Total
£

At 1 May 2023

4

47,542

47,546

Profit for the year

-

10,891

10,891

At 30 April 2024

4

58,433

58,437

Share capital
£

Retained earnings
£

Total
£

At 1 May 2022

4

42,216

42,220

Profit for the year

-

5,326

5,326

At 30 April 2023

4

47,542

47,546

 

Solang & Hansen FA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
C28-31
New Covent Garden Market
London
SW8 5JJ

These financial statements were authorised for issue by the director on 29 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Solang & Hansen FA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Solang & Hansen FA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Taxation

Tax charged/(credited) in the profit and loss account

2024
£

2023
£

Current taxation

UK corporation tax

2,407

1,249

UK corporation tax adjustment to prior periods

72

-

2,479

1,249

 

Solang & Hansen FA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

Additions

893

893

At 30 April 2024

893

893

Depreciation

Charge for the year

134

134

At 30 April 2024

134

134

Carrying amount

At 30 April 2024

759

759

6

Debtors

Current

2024
£

2023
£

Corporation tax recoverable

131

131

Director's loan account

403

403

 

534

534

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

9

23,397

5,397

Corporation tax

 

2,382

1,252

Accruals and deferred income

 

1,800

19,700

 

27,579

26,349

 

Solang & Hansen FA Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

4

4

4

4

         

9

Related party transactions

Transactions with the director

2024

At 1 May 2023
£

Advances to director
£

At 30 April 2024
£

Mr Daniel McCullough

403

10

413

2023

At 1 May 2022
£

Advances to director
£

At 30 April 2023
£

Mr Daniel McCullough

393

10

403

Summary of transactions with other related parties

A Company

Income and receivables from related parties

2024

Other related parties
£

Amounts receivable from related party

23,397

2023

Other related parties
£

Amounts receivable from related party

5,397