| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 August 2024 |
| for |
| Soliton IT Limited |
| REGISTERED NUMBER: |
| Financial Statements for the Year Ended 31 August 2024 |
| for |
| Soliton IT Limited |
| Soliton IT Limited (Registered number: 05200268) |
| Contents of the Financial Statements |
| for the Year Ended 31 August 2024 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Soliton IT Limited |
| Company Information |
| for the Year Ended 31 August 2024 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 20 Wynton Close |
| Didcot |
| Oxfordshire |
| OX11 6FG |
| Soliton IT Limited (Registered number: 05200268) |
| Balance Sheet |
| 31 August 2024 |
| 31.8.24 | 31.8.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| Investments | 5 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Share premium |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| Soliton IT Limited (Registered number: 05200268) |
| Balance Sheet - continued |
| 31 August 2024 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Soliton IT Limited (Registered number: 05200268) |
| Notes to the Financial Statements |
| for the Year Ended 31 August 2024 |
| 1. | STATUTORY INFORMATION |
| Soliton IT Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Plant and machinery etc | - |
| Investments in subsidiaries |
| Investments in subsidiary undertakings are recognised at cost. |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 |
| DEPRECIATION |
| At 1 September 2023 |
| and 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| Soliton IT Limited (Registered number: 05200268) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2024 |
| 5. | FIXED ASSET INVESTMENTS |
| Shares in |
| group |
| undertakings |
| £ |
| COST |
| At 1 September 2023 |
| and 31 August 2024 |
| NET BOOK VALUE |
| At 31 August 2024 |
| At 31 August 2023 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.24 | 31.8.23 |
| value: | £ | £ |
| A Ordinary | 0.01p | 1 | 1 |
| B Ordinary | 0.01p | - | - |
| C Ordinary | 0.01p | 1 | 1 |
| 2 | 2 |
| On 21 November 2018 the company redesignated the 2 ordinary shares of £1 each into 8,855 A ordinary shares of £0.0001 each, 1,145 B ordinary shares of £0.0001 each and 10,000 ordinary C shares of £0.0001 each |
| On 21 November 2018 the company issued 222 A ordinary shares of £0.0001 each and 222 B ordinary shares of £0.0001 each at £170.28 per share for 100% of the share capital of Soliton IT (Australasia) Pty Limited, which was under common control of the Directors of Soliton IT Limited |
| Any distribution in respect of any financial year may be distributed to the shareholders in such manner and such amounts as the Board may decide in its entire discretion, otherwise the shares rank pari passu in all other respects |
| Soliton IT Limited (Registered number: 05200268) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 August 2024 |
| 9. | RELATED PARTY DISCLOSURES |
| During the year a loan (£212,512) was made to company 'Soliton IT (Australasia) Pty Ltd' which is under common control of the Directors of Soliton IT Ltd.The total loan outstanding at year-end was £1,324,307 (2023: £1,111,795) |
| The loan is repayable on demand and interest (charged at a commercial base rate) will be applied upon repayment of the loan. |
| 10. | EMI SHARE OPTIONS |
| The company has an EMI Share Option Scheme for certain employees. At the year end there were outstanding granted share options for 1,338 (2020: 1,338) D ordinary shares of £0.0001 each at an option price of £151.80 per share. All of the options are exercisable on a trade sale of the company. In the opinion of the directors at the time of granting the options there was not expected to be an imminent trade sale. On this assumption the value of the options at the time of granting was estimated to be minimal and therefore no share based expense has been charged in the year. |