Company Registration No. 05692370 (England and Wales)
Solid Ltd
Unaudited accounts
for the year ended 30 June 2024
Solid Ltd
Unaudited accounts
Contents
Solid Ltd
Company Information
for the year ended 30 June 2024
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
Solid Ltd
Statement of financial position
as at 30 June 2024
Tangible assets
2,998
3,023
Cash at bank and in hand
38,393
53,536
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)
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
Solid Ltd
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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.
Solid Ltd
Notes to the Accounts
for the year ended 30 June 2024
4
Tangible fixed assets
Fixtures & fittings
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
Amounts falling due after more than one year
Other debtors
16,565
20,072
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
12,500
5,533
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
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Creditors: amounts falling due after more than one year
2024
2023
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.
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)
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Average number of employees
During the year the average number of employees was 9 (2023: 9).