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REGISTERED NUMBER: 07632528 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2025

for

Solent Metals Ltd

Solent Metals Ltd (Registered number: 07632528)






Contents of the Financial Statements
for the Year Ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

Solent Metals Ltd

Company Information
for the Year Ended 31 March 2025







DIRECTORS: A Hawkins
L D Hawkins





REGISTERED OFFICE: 10 Merlin Drive
Hucknall
Nottingham
Nottinghamshire
NG15 6FX





REGISTERED NUMBER: 07632528 (England and Wales)





ACCOUNTANTS: Wright, Shaw and Partners
14, High Street
Hucknall
Nottinghamshire
NG15 7HD

Solent Metals Ltd (Registered number: 07632528)

Balance Sheet
31 March 2025

31.3.24 31.3.25
£    £    Notes £   
FIXED ASSETS
10,000 Intangible assets 4 10,000
33,653 Tangible assets 5 33,196
43,653 43,196

CURRENT ASSETS
6,050 Stocks 6,150
1,824 Debtors 6 1,921
63,200 Cash at bank and in hand 61,160
71,074 69,231
CREDITORS
103,695 Amounts falling due within one year 7 70,376
(32,621 ) NET CURRENT LIABILITIES (1,145 )
11,032 TOTAL ASSETS LESS CURRENT
LIABILITIES

42,051

CAPITAL AND RESERVES
1,000 Called up share capital 1,000
10,032 Retained earnings 41,051
11,032 SHAREHOLDERS' FUNDS 42,051

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

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 3 June 2025 and were signed on its behalf by:




A Hawkins - Director


Solent Metals Ltd (Registered number: 07632528)

Notes to the Financial Statements
for the Year Ended 31 March 2025

1. STATUTORY INFORMATION

Solent Metals Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 2011, is not being amortised.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 15% on reducing balance
Motor vehicles - 25% 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.

Taxation
Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

Solent Metals Ltd (Registered number: 07632528)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2025

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2024
and 31 March 2025 10,000
NET BOOK VALUE
At 31 March 2025 10,000
At 31 March 2024 10,000

5. TANGIBLE FIXED ASSETS
Plant and Motor Computer
Totals machinery vehicles equipment
£    £    £    £   
COST
At 1 April 2024 106,317 49,883 52,040 4,394
Additions 13,990 - 13,990 -
Disposals (14,800 ) - (14,800 ) -
At 31 March 2025 105,507 49,883 51,230 4,394
DEPRECIATION
At 1 April 2024 72,664 29,843 39,856 2,965
Charge for year 8,203 3,007 4,982 214
Eliminated on disposal (8,556 ) - (8,556 ) -
At 31 March 2025 72,311 32,850 36,282 3,179
NET BOOK VALUE
At 31 March 2025 33,196 17,033 14,948 1,215
At 31 March 2024 33,653 20,040 12,184 1,429

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Other debtors 1,921 1,824

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.25 31.3.24
£    £   
Trade creditors 1,514 2,244
Taxation and social security 31,129 23,560
Other creditors 37,733 77,891
70,376 103,695

Solent Metals Ltd

Report of the Accountants to the Directors of
Solent Metals Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2025 set out on pages one to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Wright, Shaw and Partners
14, High Street
Hucknall
Nottinghamshire
NG15 7HD


4 June 2025