Company Registration No. 10762345 (England and Wales)
SOLO16 LTD
Unaudited accounts
for the year ended 31 March 2025
SOLO16 LTD
Unaudited accounts
Contents
SOLO16 LTD
Company Information
for the year ended 31 March 2025
Directors
Tom Sykes
Paula Sykes
Company Number
10762345 (England and Wales)
Registered Office
Unit 16 Shrivenham Hundred Business Park
Watchfeild
Swindon
SN6 8TZ
England
Accountants
Azoth Digital Accountants
Jonathan Scott Hall
Thorpe Road
Norwich
Norfolk
NR1 1UH
SOLO16 LTD
Statement of financial position
as at 31 March 2025
Tangible assets
82,950
92,234
Cash at bank and in hand
68,525
42,718
Creditors: amounts falling due within one year
(51,530)
(61,037)
Net current assets/(liabilities)
20,525
(3,389)
Total assets less current liabilities
103,475
88,845
Creditors: amounts falling due after more than one year
-
(238)
Provisions for liabilities
Deferred tax
(15,760)
(17,524)
Called up share capital
11
11
Profit and loss account
87,704
71,072
Shareholders' funds
87,715
71,083
For the year ending 31 March 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Tom Sykes
Director
Company Registration No. 10762345
SOLO16 LTD
Notes to the Accounts
for the year ended 31 March 2025
SOLO16 LTD is a private company, limited by shares, registered in England and Wales, registration number 10762345. The registered office is Unit 16 Shrivenham Hundred Business Park, Watchfeild, Swindon, SN6 8TZ, England.
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.
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:
Plant & machinery
5 years SLM
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 April 2024
103,287
30,764
134,051
Disposals
(6,543)
-
(6,543)
At 31 March 2025
115,654
30,764
146,418
At 1 April 2024
27,788
14,029
41,817
Charge for the year
21,269
3,347
24,616
On disposals
(2,965)
-
(2,965)
At 31 March 2025
46,092
17,376
63,468
At 31 March 2025
69,562
13,388
82,950
At 31 March 2024
75,499
16,735
92,234
SOLO16 LTD
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
2,445
13,896
Accrued income and prepayments
1,085
1,034
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
238
3,713
Taxes and social security
5,900
4,157
Loans from directors
42,355
49,656
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).