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REGISTERED NUMBER: 02621504 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

SOLWISE LIMITED

SOLWISE LIMITED (REGISTERED NUMBER: 02621504)






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




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


SOLWISE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: P Stephenson
Dr S Mace
Mrs L J Barret





REGISTERED OFFICE: Unit 17 Priory Rec Park
Saxon Way
Priory Park
Hessle
E. Yorks
HU13 9PB





REGISTERED NUMBER: 02621504 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

SOLWISE LIMITED (REGISTERED NUMBER: 02621504)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 2,596 2,133

CURRENT ASSETS
Stocks 684,125 1,193,693
Debtors 5 141,800 135,838
Cash at bank 225,985 177,094
1,051,910 1,506,625
CREDITORS
Amounts falling due within one year 6 105,161 403,084
NET CURRENT ASSETS 946,749 1,103,541
TOTAL ASSETS LESS CURRENT
LIABILITIES

949,345

1,105,674

PROVISIONS FOR LIABILITIES 493 405
NET ASSETS 948,852 1,105,269

CAPITAL AND RESERVES
Called up share capital 13 13
Retained earnings 948,839 1,105,256
SHAREHOLDERS' FUNDS 948,852 1,105,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

SOLWISE LIMITED (REGISTERED NUMBER: 02621504)

BALANCE SHEET - continued
31 AUGUST 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2025 and were signed on its behalf by:





P Stephenson - Director


SOLWISE LIMITED (REGISTERED NUMBER: 02621504)

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

1. STATUTORY INFORMATION

Solwise 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.

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 - 25% on reducing balance and 15% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

SOLWISE LIMITED (REGISTERED NUMBER: 02621504)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 56,929
Additions 921
At 31 August 2024 57,850
DEPRECIATION
At 1 September 2023 54,796
Charge for year 458
At 31 August 2024 55,254
NET BOOK VALUE
At 31 August 2024 2,596
At 31 August 2023 2,133

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 139,954 135,243
Other debtors 1,846 595
141,800 135,838

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,900 267,093
Taxation and social security 87,261 129,365
Other creditors 1,000 6,626
105,161 403,084