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SOLWAY HOUSE LIMITED

Registered Number
04389381
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2025

SOLWAY HOUSE LIMITED
Company Information
for the year from 1 April 2024 to 31 March 2025

Directors

TODD, Alison
TODD, Jack William

Company Secretary

HILL, Cheryl Anne

Registered Address

Brunswick House
Harbour Business Park
Maryport
CA15 8BF

Registered Number

04389381 (England and Wales)
SOLWAY HOUSE LIMITED
Statement of Financial Position
31 March 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets420,46423,296
20,46423,296
Current assets
Stocks51,0001,750
Debtors6,764,89545,341
Cash at bank and on hand4,3151,126
70,21048,217
Creditors amounts falling due within one year8(46,796)(28,273)
Net current assets (liabilities)23,41419,944
Total assets less current liabilities43,87843,240
Creditors amounts falling due after one year9(37,057)(52,355)
Provisions for liabilities10(3,530)(2,981)
Net assets3,291(12,096)
Capital and reserves
Called up share capital100100
Profit and loss account3,191(12,196)
Shareholders' funds3,291(12,096)
The financial statements were approved and authorised for issue by the Board of Directors on 10 June 2025, and are signed on its behalf by:
TODD, Jack William
Director
Registered Company No. 04389381
SOLWAY HOUSE LIMITED
Notes to the Financial Statements
for the year ended 31 March 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in the Income Statement. Work in progress is valued on the basis of direct costs plus attributable overheads based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.
2.Average number of employees

20252024
Average number of employees during the year2729
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 April 2452,50052,500
At 31 March 2552,50052,500
Amortisation and impairment
At 01 April 2452,50052,500
At 31 March 2552,50052,500
Net book value
At 31 March 25--
At 31 March 24--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Total

£££
Cost or valuation
At 01 April 2431,57073,327104,897
At 31 March 2531,57073,327104,897
Depreciation and impairment
At 01 April 2423,96457,63781,601
Charge for year1,2631,5692,832
At 31 March 2525,22759,20684,433
Net book value
At 31 March 256,34314,12120,464
At 31 March 247,60615,69023,296
5.Stocks

2025

2024

££
Other stocks1,0001,750
Total1,0001,750
6.Debtors: amounts due within one year

2025

2024

££
Trade debtors / trade receivables10,79213,364
Other debtors48,90231,977
Prepayments and accrued income5,201-
Total64,89545,341
7.Debtors: amounts due after one year
8.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables28,0448,326
Taxation and social security13,20214,367
Accrued liabilities and deferred income5,5505,580
Total46,79628,273
9.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts37,05752,355
Total37,05752,355
10.Provisions for liabilities

2025

2024

££
Net deferred tax liability (asset)3,5302,981
Total3,5302,981