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
SOLO WOMENSWEAR LTD
Company Information
for the year ended 30 June 2024
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
SOLO WOMENSWEAR LTD
Statement of financial position
as at 30 June 2024
Tangible assets
291,845
299,745
Cash at bank and in hand
5,209
10,993
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
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
SOLO WOMENSWEAR LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
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
At 30 June 2024
264,924
10,729
89,624
3,812
369,089
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
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
Amounts falling due within one year
Accrued income and prepayments
2,515
-
Other debtors
87,474
18,693
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,000
10,000
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
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
66,555
66,555
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).