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Company Registration No. 05692370 (England and Wales)
Solid Ltd Unaudited accounts for the year ended 30 June 2024
Solid Ltd Unaudited accounts Contents
Page
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Solid Ltd Company Information for the year ended 30 June 2024
Director
Sead Haxhijaha
Company Number
05692370 (England and Wales)
Registered Office
Eagle House 163 City Road London EC1V 1NR
Accountants
Stockwell Bales Accountants Limited Little Brambles Chapel Road Longham Norfolk NR19 2AJ
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Solid Ltd Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,998 
3,023 
Current assets
Inventories
- 
1,000 
Debtors
68,843 
56,917 
Cash at bank and in hand
38,393 
53,536 
107,236 
111,453 
Creditors: amounts falling due within one year
(59,339)
(57,144)
Net current assets
47,897 
54,309 
Total assets less current liabilities
50,895 
57,332 
Creditors: amounts falling due after more than one year
(30,767)
(36,467)
Net assets
20,128 
20,865 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
20,028 
20,765 
Shareholders' funds
20,128 
20,865 
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 director acknowledges his 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 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.
The financial statements were approved by the Board and authorised for issue on 28 March 2025 and were signed on its behalf by
Sead Haxhijaha Director Company Registration No. 05692370
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Solid Ltd Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
Solid Ltd is a private company, limited by shares, registered in England and Wales, registration number 05692370. The registered office is Eagle House, 163 City Road, London, EC1V 1NR.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Solid Ltd Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 July 2023
16,845 
Additions
974 
At 30 June 2024
17,819 
Depreciation
At 1 July 2023
13,822 
Charge for the year
999 
At 30 June 2024
14,821 
Net book value
At 30 June 2024
2,998 
At 30 June 2023
3,023 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
34,598 
24,487 
Accrued income and prepayments
2,657 
2,445 
Other debtors
15,023 
9,913 
52,278 
36,845 
Amounts falling due after more than one year
Other debtors
16,565 
20,072 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
12,500 
5,533 
VAT
20,506 
18,383 
Trade creditors
3,426 
1,354 
Taxes and social security
15,402 
12,187 
Other creditors
4,098 
8,344 
Loans from directors
- 
7,535 
Accruals
3,407 
3,808 
59,339 
57,144 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
30,767 
36,467 
Aggregate of amounts that fall due for payment after five years
6,535 
12,834 
BBL is backed by 100% government gurantee. The government paid the first year's interest.
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Solid Ltd Notes to the Accounts for the year ended 30 June 2024
8
Transactions with related parties
First Coffee Ltd Sead Haxhijaha the Director and owner of Solid Ltd is also Director and shareholder in First Coffee Ltd. Solid Ltd had a loan to First Coffee Ltd in the year on which no interest was charged. The loan outstanding at the year end was £7,205 (2023: £20,072)
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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