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REGISTERED NUMBER: 05200268 (England and Wales)















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: R J Watson
E D Wright





SECRETARY: Mrs A E Tipler





REGISTERED OFFICE: Holly House
Felden Lane
Felden
Hertfordshire
HP3 0BF





REGISTERED NUMBER: 05200268 (England and Wales)





ACCOUNTANTS: K P Cox Accounting Ltd
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 75,604 75,604
75,604 75,604

CURRENT ASSETS
Stocks 1,000 1,000
Debtors 6 5,449,810 3,199,839
Cash at bank 4,342,052 7,185,917
9,792,862 10,386,756
CREDITORS
Amounts falling due within one year 7 948,914 1,283,280
NET CURRENT ASSETS 8,843,948 9,103,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,919,552

9,179,080

CAPITAL AND RESERVES
Called up share capital 8 2 2
Share premium 75,604 75,604
Retained earnings 8,843,946 9,103,474
SHAREHOLDERS' FUNDS 8,919,552 9,179,080

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.

Soliton IT Limited (Registered number: 05200268)

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 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 31 May 2025 and were signed on its behalf by:




R J Watson - Director



E D Wright - Director


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 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 cost

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 50 (2023 - 44 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023
and 31 August 2024 16,470
DEPRECIATION
At 1 September 2023
and 31 August 2024 16,470
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 75,604
NET BOOK VALUE
At 31 August 2024 75,604
At 31 August 2023 75,604

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 3,444,789 2,083,797
Other debtors 2,005,021 1,116,042
5,449,810 3,199,839

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 306,489 285,656
Taxation and social security 553,563 978,620
Other creditors 88,862 19,004
948,914 1,283,280

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
9,077 A Ordinary 0.01p 1 1
1,145 B Ordinary 0.01p - -
10,222 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.