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Registration number: 09888926

Solid Digital Marketing Ltd

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Solid Digital Marketing Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Solid Digital Marketing Ltd

(Registration number: 09888926)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

99,617

73,283

Tangible assets

5

2,347

4,445

Investments

6

1,000

1,000

 

102,964

78,728

Current assets

 

Debtors

7

63,147

21,407

Cash at bank and in hand

 

9,727

20,109

 

72,874

41,516

Creditors: Amounts falling due within one year

8

(68,181)

(92,798)

Net current assets/(liabilities)

 

4,693

(51,282)

Total assets less current liabilities

 

107,657

27,446

Provisions for liabilities

(446)

(844)

Net assets

 

107,211

26,602

Capital and reserves

 

Called up share capital

100

100

Retained earnings

107,111

26,502

Shareholders' funds

 

107,211

26,602

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 May 2025 and signed on its behalf by:
 

 

Solid Digital Marketing Ltd

(Registration number: 09888926)
Balance Sheet as at 31 December 2024

.........................................
Mr T Thorns
Director

.........................................
Mr B Thorns
Director

 

Solid Digital Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Suite 33 Peel House
30 The Downs
Altricham
WA14 2PX
UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax.

 

Solid Digital Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and
their carrying amounts in the financial statements and on unused tax losses or tax credits in the company.
Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the
reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 3).

 

Solid Digital Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Intangible assets

Websites
 £

Total
£

Cost or valuation

At 1 January 2024

73,283

73,283

Additions acquired separately

26,334

26,334

At 31 December 2024

99,617

99,617

Amortisation

Carrying amount

At 31 December 2024

99,617

99,617

At 31 December 2023

73,283

73,283

5

Tangible assets

Office Equipment
£

Total
£

Cost or valuation

At 1 January 2024

17,382

17,382

Additions

1,600

1,600

At 31 December 2024

18,982

18,982

Depreciation

At 1 January 2024

12,937

12,937

Charge for the year

3,698

3,698

At 31 December 2024

16,635

16,635

Carrying amount

At 31 December 2024

2,347

2,347

At 31 December 2023

4,445

4,445

6

Investments

2024
£

2023
£

Investments in subsidiaries

1,000

1,000

 

Solid Digital Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Subsidiaries

£

Cost or valuation

At 1 January 2024

1,000

Provision

Carrying amount

At 31 December 2024

1,000

At 31 December 2023

1,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

Living Smart Property Limited

Suite 33 Peel House
30 The Downs
Altricham
WA14 2PX

England and Wales

Ordinary

100%

100%

Subsidiary undertakings

Living Smart Property Limited

The principal activity of Living Smart Property Limited is that of other letting and operating of own or leased real estate.

 

Solid Digital Marketing Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Debtors

Current

Note

2024
£

2023
£

Trade debtors

 

12,935

21,349

Amounts owed by related parties

50,151

-

Prepayments

 

61

58

   

63,147

21,407

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

-

326

Amounts owed to group undertakings

-

72,984

Taxation and social security

 

32,070

13,071

Accruals and deferred income

 

1,313

1,167

Other creditors

 

34,798

5,250

 

68,181

92,798