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Company Registration number: SC682770

Solway Engineering Ltd

Annual Report and
Unaudited Financial Statements


for the Year Ended 31 December 2024

 

Solway Engineering Ltd

Contents

Pages

Balance sheet

1 to 4

Notes to the financial statements

2

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2024

2024
£

2023
£

         

Fixed assets

 

9,798

 

10,507

Current assets

17,584

 

17,076

 

Creditors: Amounts falling due within one year

(20,440)

 

(17,844)

 

Net current liabilities

 

(2,856)

 

(768)

Total assets less current liabilities

 

6,942

 

9,739

Creditors: Amounts falling due after more than one year

 

(6,940)

 

(9,618)

   

2

 

121

Capital and reserves

 

2

 

121

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2024 (continued)

Notes to the financial statements for the Year Ended 31 December 2024

1

GENERAL INFORMATION

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

The address of its registered office is:
1 Goldilea Cottages
Dumfries
DG2 8ND

These financial statements were authorised for issue by the director on 12 March 2025.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

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

2

Staff numbers

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

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2024 (continued)

Notes to the financial statements for the Year Ended 31 December 2024 (continued)

3

RELATED PARTY TRANSACTIONS

Transactions with the director

2024

At 1 January 2024
£

Advances to director
£

Repayments by director
£

At 31 December 2024
£

Mr L D Burcham

11,999

3,692

(11,999)

3,692

2023

At 1 January 2023
£

Advances to director
£

Repayments by director
£

At 31 December 2023
£

Mr L D Burcham

5,981

11,999

(5,981)

11,999

 

Solway Engineering Ltd

Balance Sheet as at 31 December 2024 (continued)

For the financial year ending 31 December 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 in accordance with the provisions applicable to companies subject to the micro entities regime 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 12 March 2025
 

.........................................
Mr L D Burcham
Director

Company registration number: SC682770