1 April 2024 false No description of principal activity Taxfiler 2024.6 10762345business:PrivateLimitedCompanyLtd2024-04-012025-03-31 107623452024-03-31 107623452024-04-012025-03-31 10762345business:AuditExemptWithAccountantsReport2024-04-012025-03-31 10762345business:FilletedAccounts2024-04-012025-03-31 107623452025-03-31 10762345business:Director12024-04-012025-03-31 10762345business:Director22024-04-012025-03-31 10762345business:RegisteredOffice2024-04-012025-03-31 107623452024-03-31 10762345core:WithinOneYear2025-03-31 10762345core:WithinOneYear2024-03-31 10762345core:AfterOneYear2025-03-31 10762345core:AfterOneYear2024-03-31 10762345core:ShareCapitalcore:PreviouslyStatedAmount2025-03-31 10762345core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 10762345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2025-03-31 10762345core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 10762345core:PreviouslyStatedAmount2025-03-31 10762345core:PreviouslyStatedAmount2024-03-31 10762345business:SmallEntities2024-04-012025-03-31 10762345countries:EnglandWales2024-04-012025-03-31 10762345core:PlantMachinery2024-04-012025-03-31 10762345core:MotorVehicles2024-04-012025-03-31 10762345core:PlantMachinery2024-03-31 10762345core:MotorVehicles2024-03-31 10762345core:PlantMachinery2025-03-31 10762345core:MotorVehicles2025-03-31 107623452023-04-012024-03-31 iso4217:GBP xbrli:pure
Company Registration No. 10762345 (England and Wales)
SOLO16 LTD Unaudited accounts for the year ended 31 March 2025
SOLO16 LTD Unaudited accounts Contents
Page
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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
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SOLO16 LTD Statement of financial position as at 31 March 2025
2025 
2024 
Notes
£ 
£ 
Fixed assets
Tangible assets
82,950 
92,234 
Current assets
Debtors
3,530 
14,930 
Cash at bank and in hand
68,525 
42,718 
72,055 
57,648 
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)
Net assets
87,715 
71,083 
Capital and reserves
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
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SOLO16 LTD Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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
Motor vehicles
20% RBM
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 
Additions
18,910 
- 
18,910 
Disposals
(6,543)
- 
(6,543)
At 31 March 2025
115,654 
30,764 
146,418 
Depreciation
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 
Net book value
At 31 March 2025
69,562 
13,388 
82,950 
At 31 March 2024
75,499 
16,735 
92,234 
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SOLO16 LTD Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025 
2024 
£ 
£ 
Amounts falling due within one year
Trade debtors
2,445 
13,896 
Accrued income and prepayments
1,085 
1,034 
3,530 
14,930 
6
Creditors: amounts falling due within one year
2025 
2024 
£ 
£ 
Bank loans and overdrafts
238 
3,713 
VAT
3,067 
3,541 
Taxes and social security
5,900 
4,157 
Other creditors
(30)
(30)
Loans from directors
42,355 
49,656 
51,530 
61,037 
7
Creditors: amounts falling due after more than one year
2025 
2024 
£ 
£ 
Bank loans
- 
238 
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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