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REGISTERED NUMBER: 03446995 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

SOLO MANAGED SERVICES (UK) LIMITED

SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


SOLO MANAGED SERVICES (UK) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: N H Stack
P A Thompson
G P Tilley
T Wilson
J J Griffin





REGISTERED OFFICE: Unit 3 Marcus Close
Tilehurst
Reading
Berkshire
RG30 4EB





REGISTERED NUMBER: 03446995 (England and Wales)

SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,915 25,797

CURRENT ASSETS
Stocks 3,486 11,009
Debtors 5 270,462 346,771
Cash at bank and in hand 405,669 418,996
679,617 776,776
CREDITORS
Amounts falling due within one year 6 354,545 440,056
NET CURRENT ASSETS 325,072 336,720
TOTAL ASSETS LESS CURRENT
LIABILITIES

336,987

362,517

CREDITORS
Amounts falling due after more than one
year

7

(2,110

)

(9,738

)

PROVISIONS FOR LIABILITIES (1,093 ) (1,488 )
NET ASSETS 333,784 351,291

CAPITAL AND RESERVES
Called up share capital 200 200
Share premium 49,900 49,900
Retained earnings 283,684 301,191
SHAREHOLDERS' FUNDS 333,784 351,291

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)

BALANCE SHEET - continued
31 OCTOBER 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 April 2025 and were signed on its behalf by:





T Wilson - Director


SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

Solo Managed Services (UK) Limited is a private company, limited by shares, registered in England and Wales (CRN 03446995). The address of its registered office is Unit 3 Marcus Close, Tilehurst, Reading, Berkshire RG30 4EB.

The principal activity of the company is mailing fulfilment services.

The company is a subsidiary undertaking of Jadebet Limited, a limited company registered in England and Wales (CRN 08755777).

The financial statements are presented in Pound Sterling (£), which is also the functional currency of the company.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the supply of goods and services. Revenue is reduced for customer returns, rebates and other similar allowances. Revenue from the sale of goods is recognised when goods are delivered and legal title has passed to the customer. Revenue from contracts to provide services is recognised in the period in which the services are carried out having regard to the satisfactory fulfilment of contractual obligations.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Depreciation on tangible fixed assets is charged to profit or loss so as to write off their value, over their estimated useful lives, as below:

Plant and machinery - either 25% reducing balance or 20% straight line
Fixtures,fittings and equipment - 25% reducing balance
Motor Vehicles - 25% reducing balance
Computer Equipment - 25% reducing balance

At each reporting date, the company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication of impairment. Any impairment is charged to profit or loss.

SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Taxation
Tax on profit 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 the profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years 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 year.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities and the corresponding tax bases used to compute taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for temporary differences to the extent that it is probable that taxable profits will be available to utilise the timing difference.

Deferred tax liabilities and assets are measured at tax rates that are expected to apply in the period the liability is settled or the asset realised. The measurement of deferred tax liabilities and assets reflects the tax consequences in which the company expects to recover or settle the underlying amount of its assets and liabilities.

Leasing commitments
Assets obtained under finance leases are capitalised as tangible fixed assets and depreciated over the shorter of the lease term and their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 7 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 November 2023
and 31 October 2024 146,636 68,435 119,014 334,085
DEPRECIATION
At 1 November 2023 126,703 67,100 114,485 308,288
Charge for year 12,416 334 1,132 13,882
At 31 October 2024 139,119 67,434 115,617 322,170
NET BOOK VALUE
At 31 October 2024 7,517 1,001 3,397 11,915
At 31 October 2023 19,933 1,335 4,529 25,797

SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 60,302
DEPRECIATION
At 1 November 2023 41,790
Charge for year 12,060
At 31 October 2024 53,850
NET BOOK VALUE
At 31 October 2024 6,452
At 31 October 2023 18,512

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 242,459 310,094
Other debtors 28,003 36,677
270,462 346,771

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Finance leases 7,628 21,933
Trade creditors 149,159 178,750
Amounts owed to group undertakings - 13,410
Taxation and social security 36,064 67,029
Other creditors 161,694 158,934
354,545 440,056

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Finance leases 2,110 9,738

SOLO MANAGED SERVICES (UK) LIMITED (REGISTERED NUMBER: 03446995)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Finance leases 9,738 31,671

9. OTHER FINANCIAL COMMITMENTS

As at 31 October 2024, the company had total commitments under non-cancellable operating leases over the remaining life of those leases of £24,000 (2023 - £48,000).

10. ULTIMATE CONTROLLING PARTY

The company is controlled by SG Berkshire Limited which holds a majority interest in the share capital of the parent undertaking, Jadebet Limited.