Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 07274773 Ms Jacqueline Slater Ms Marnie Watson Mr Andrew Slater iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 07274773 2023-06-30 07274773 2024-06-30 07274773 2023-07-01 2024-06-30 07274773 frs-core:CurrentFinancialInstruments 2024-06-30 07274773 frs-core:ComputerEquipment 2024-06-30 07274773 frs-core:ComputerEquipment 2023-07-01 2024-06-30 07274773 frs-core:ComputerEquipment 2023-06-30 07274773 frs-core:FurnitureFittings 2024-06-30 07274773 frs-core:FurnitureFittings 2023-07-01 2024-06-30 07274773 frs-core:FurnitureFittings 2023-06-30 07274773 frs-core:PlantMachinery 2024-06-30 07274773 frs-core:PlantMachinery 2023-07-01 2024-06-30 07274773 frs-core:PlantMachinery 2023-06-30 07274773 frs-core:ShareCapital 2024-06-30 07274773 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 07274773 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 07274773 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 07274773 frs-bus:SmallEntities 2023-07-01 2024-06-30 07274773 frs-bus:AuditExemptWithAccountantsReport 2023-07-01 2024-06-30 07274773 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 07274773 frs-bus:Director1 2023-07-01 2024-06-30 07274773 frs-bus:Director2 2023-07-01 2024-06-30 07274773 frs-bus:Director3 2023-07-01 2024-06-30 07274773 frs-countries:EnglandWales 2023-07-01 2024-06-30 07274773 2022-06-30 07274773 2023-06-30 07274773 2022-07-01 2023-06-30 07274773 frs-core:CurrentFinancialInstruments 2023-06-30 07274773 frs-core:ShareCapital 2023-06-30 07274773 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 07274773
Sol Safety Europe Limited
Unaudited Financial Statements
For The Year Ended 30 June 2024
Passman Leonard Associates Limited
Contents
Page
Accountant's Report 1
Balance Sheet 2—3
Notes to the Financial Statements 4—6
Page 1
Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of Sol Safety Europe Limited For The Year Ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of Sol Safety Europe Limited which comprise the Profit and Loss Account, the Balance Sheet and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of Sol Safety Europe Limited , as a body, in accordance with the terms of our engagement letter dated 27 March 2012. Our work has been undertaken solely to prepare for your approval the accounts of Sol Safety Europe Limited and state those matters that we have agreed to state to the directors of Sol Safety Europe Limited , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Sol Safety Europe Limited and its directors as a body for our work or for this report.
It is your duty to ensure that Sol Safety Europe Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of Sol Safety Europe Limited . You consider that Sol Safety Europe Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Sol Safety Europe Limited . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
Passman Leonard Associates Limited
14 March 2025
Passman Leonard Associates Limited
Chartered Certified Accountants
Bentinck House Bentinck Road
West Drayton
Middlesex
UB7 7RQ
Page 1
Page 2
Balance Sheet
Registered number: 07274773
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 141,443 123,799
141,443 123,799
CURRENT ASSETS
Stocks 5 165,130 163,375
Debtors 6 85,948 80,250
Cash at bank and in hand 27,449 129,895
278,527 373,520
Creditors: Amounts Falling Due Within One Year 7 (217,301 ) (244,720 )
NET CURRENT ASSETS (LIABILITIES) 61,226 128,800
TOTAL ASSETS LESS CURRENT LIABILITIES 202,669 252,599
PROVISIONS FOR LIABILITIES
Deferred Taxation (23,522 ) (23,522 )
NET ASSETS 179,147 229,077
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 179,047 228,977
SHAREHOLDERS' FUNDS 179,147 229,077
Page 2
Page 3
For the year ending 30 June 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 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 Andrew Slater
Director
14 March 2025
The notes on pages 4 to 6 form part of these financial statements.
Page 3
Page 4
Notes to the Financial Statements
1. General Information
Sol Safety Europe Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07274773 . The registered office is 3 Ramsey Court, Slough, SL2 2PB.
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 form the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover form 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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing balance
Fixtures & Fittings 25% Reducing balance
Computer Equipment 25% Reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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 year 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 asset reflects 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 or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
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Page 5
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 July 2023 161,163 49,504 26,297 236,964
Additions 61,525 3,267 - 64,792
As at 30 June 2024 222,688 52,771 26,297 301,756
Depreciation
As at 1 July 2023 78,178 10,317 24,670 113,165
Provided during the period 36,127 10,614 407 47,148
As at 30 June 2024 114,305 20,931 25,077 160,313
Net Book Value
As at 30 June 2024 108,383 31,840 1,220 141,443
As at 1 July 2023 82,985 39,187 1,627 123,799
5. Stocks
2024 2023
£ £
Work in progress 165,130 163,375
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 78,428 57,600
Other debtors - 22,650
Corporation tax recoverable assets 7,520 -
85,948 80,250
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - 7,601
Corporation tax - 7,520
VAT 21,603 28,070
Other creditors 3,000 -
Accruals and deferred income 2,880 3,000
Directors' loan accounts 189,818 198,529
217,301 244,720
Page 5
Page 6
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 6