Solfox Ltd 4748717 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is investing in property. Digita Accounts Production Advanced 6.30.9574.0 true true 4748717 2023-05-01 2024-04-30 4748717 2024-04-30 4748717 core:RetainedEarningsAccumulatedLosses 2024-04-30 4748717 core:ShareCapital 2024-04-30 4748717 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 4748717 core:FurnitureFittingsToolsEquipment 2024-04-30 4748717 bus:SmallEntities 2023-05-01 2024-04-30 4748717 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 4748717 bus:FilletedAccounts 2023-05-01 2024-04-30 4748717 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 4748717 bus:RegisteredOffice 2023-05-01 2024-04-30 4748717 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 4748717 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 4748717 core:FurnitureFittings 2023-05-01 2024-04-30 4748717 core:FurnitureFittingsToolsEquipment 2023-05-01 2024-04-30 4748717 countries:EnglandWales 2023-05-01 2024-04-30 4748717 2023-04-30 4748717 core:FurnitureFittingsToolsEquipment 2023-04-30 4748717 2022-05-01 2023-04-30 4748717 2023-04-30 4748717 core:RetainedEarningsAccumulatedLosses 2023-04-30 4748717 core:ShareCapital 2023-04-30 4748717 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 4748717 core:FurnitureFittingsToolsEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 4748717

Solfox Ltd



Filleted Unaudited Financial Statements

for the Year Ended 30 April 2024

 

Solfox Ltd

 

(Registration number: 4748717)
Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,713

2,015

Investment property

5

110,000

110,000

 

111,713

112,015

Current assets

 

Debtors

6

73,274

67,298

Creditors: Amounts falling due within one year

7

(2,071)

(1,531)

Net current assets

 

71,203

65,767

Total assets less current liabilities

 

182,916

177,782

Provisions for liabilities

(4,168)

(4,168)

Net assets

 

178,748

173,614

Capital and reserves

 

Called up share capital

2

2

Profit and loss account

139,528

134,394

Non-distributable reserve

 

39,218

39,218

Total equity

 

178,748

173,614

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges her 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 28 July 2025
 

 

Solfox Ltd

 

(Registration number: 4748717)
Balance Sheet as at 30 April 2024

.........................................
Mrs L Siedner
Company secretary and director

 

Solfox Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 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:
2nd Floor - Parkgates
Bury New Road
Prestwich
M25 0TL
England

These financial statements were authorised for issue by the director on 28 July 2025.

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.

Going concern

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 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.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

 

Solfox Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

Furniture and fittings

15% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the directors. The directors use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Solfox Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 May 2023

5,627

5,627

At 30 April 2024

5,627

5,627

Depreciation

At 1 May 2023

3,612

3,612

Charge for the year

302

302

At 30 April 2024

3,914

3,914

Carrying amount

At 30 April 2024

1,713

1,713

At 30 April 2023

2,015

2,015

5

Investment properties

2024
£

At 1 May 23

110,000

At 30 April 24

110,000

There has been no valuation of investment property by an independent valuer.

The historical cost of the property is £66,614.

 

Solfox Ltd

 

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Current

2024
£

2023
£

Other debtors

73,274

67,298

 

73,274

67,298

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,800

1,260

Other creditors

271

271

2,071

1,531