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REGISTERED NUMBER: 08277378 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Sol's Catering Limited

Sol's Catering Limited (Registered number: 08277378)






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


Sol's Catering Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Mr M Solomonides
Mrs Z Solomonides





REGISTERED OFFICE: 47 Barcheston Road
Cheadle
Cheshire
SK8 1LJ





REGISTERED NUMBER: 08277378 (England and Wales)





ACCOUNTANTS: Lucas Reis Ltd
Chartered Accountants
Lansdowne House
85 Buxton Road
Stockport
Cheshire
SK2 6LR

Sol's Catering Limited (Registered number: 08277378)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 99,305 114,305
Tangible assets 5 2,411 3,013
101,716 117,318

CURRENT ASSETS
Stocks 894 563
Debtors 6 - 1,279
Cash at bank and in hand 447,690 367,056
448,584 368,898
CREDITORS
Amounts falling due within one year 7 103,677 110,186
NET CURRENT ASSETS 344,907 258,712
TOTAL ASSETS LESS CURRENT
LIABILITIES

446,623

376,030

PROVISIONS FOR LIABILITIES 342 567
NET ASSETS 446,281 375,463

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 445,281 374,463
SHAREHOLDERS' FUNDS 446,281 375,463

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.

Sol's Catering Limited (Registered number: 08277378)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





Mr M Solomonides - Director


Sol's Catering Limited (Registered number: 08277378)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Sol's Catering Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2012, is being amortised evenly over its estimated useful life of twenty years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Sol's Catering Limited (Registered number: 08277378)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2023
and 31 October 2024 205,805
AMORTISATION
At 1 November 2023 91,500
Charge for year 15,000
At 31 October 2024 106,500
NET BOOK VALUE
At 31 October 2024 99,305
At 31 October 2023 114,305

Sol's Catering Limited (Registered number: 08277378)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 15,561
DEPRECIATION
At 1 November 2023 12,548
Charge for year 602
At 31 October 2024 13,150
NET BOOK VALUE
At 31 October 2024 2,411
At 31 October 2023 3,013

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Prepayments - 1,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Corporation Tax 34,672 32,024
VAT 22,289 24,053
Directors' loan accounts 41,044 42,332
Accrued expenses 5,672 11,777
103,677 110,186

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M Solomonides.