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Company Registration No. 07040700 (England and Wales)
SOLO WOMENSWEAR LTD Unaudited accounts for the year ended 30 June 2024
SOLO WOMENSWEAR LTD Unaudited accounts Contents
Page
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SOLO WOMENSWEAR LTD Company Information for the year ended 30 June 2024
Director
Mr S Gulrajani
Company Number
07040700 (England and Wales)
Registered Office
Mapesbury, Sandy Lane, Northwood, HA6 3HA England
Accountants
RMR Partnership LLP 3rd Floor, Vyman House 104 College Road Harrow Middlesex HA1 1BQ
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SOLO WOMENSWEAR LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
291,845 
299,745 
Current assets
Inventories
52,183 
38,900 
Debtors
89,989 
18,693 
Cash at bank and in hand
5,209 
10,993 
147,381 
68,586 
Creditors: amounts falling due within one year
(103,644)
(100,963)
Net current assets/(liabilities)
43,737 
(32,377)
Total assets less current liabilities
335,582 
267,368 
Creditors: amounts falling due after more than one year
(162,855)
(85,722)
Net assets
172,727 
181,646 
Capital and reserves
Called up share capital
50,000 
50,000 
Profit and loss account
122,727 
131,646 
Shareholders' funds
172,727 
181,646 
For the year ending 30 June 2024 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 director acknowledges his 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 and authorised for issue on 9 May 2025 and were signed on its behalf by
Mr S Gulrajani Director Company Registration No. 07040700
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SOLO WOMENSWEAR LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
SOLO WOMENSWEAR LTD is a private company, limited by shares, registered in England and Wales, registration number 07040700. The registered office is Mapesbury,, Sandy Lane,, Northwood,, HA6 3HA, 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% straight line
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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SOLO WOMENSWEAR LTD Notes to the Accounts for the year ended 30 June 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 July 2023
264,924 
10,729 
88,672 
3,812 
368,137 
Additions
- 
- 
952 
- 
952 
At 30 June 2024
264,924 
10,729 
89,624 
3,812 
369,089 
Depreciation
At 1 July 2023
- 
9,326 
56,765 
2,301 
68,392 
Charge for the year
- 
371 
7,977 
504 
8,852 
At 30 June 2024
- 
9,697 
64,742 
2,805 
77,244 
Net book value
At 30 June 2024
264,924 
1,032 
24,882 
1,007 
291,845 
At 30 June 2023
264,924 
1,403 
31,907 
1,511 
299,745 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
2,515 
- 
Other debtors
87,474 
18,693 
89,989 
18,693 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
21,330 
32,560 
Trade creditors
1,512 
1,512 
Taxes and social security
23,541 
14,873 
Other creditors
36,000 
33,575 
Loans from directors
9,428 
4,333 
Accruals
1,833 
4,110 
103,644 
100,963 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
96,300 
19,167 
Other creditors
66,555 
66,555 
162,855 
85,722 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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