Company Registration No. SC631739 (Scotland)
Solariskit Ltd
Unaudited accounts
for the period from 1 June 2024 to 30 April 2025
Solariskit Ltd
Unaudited accounts
Contents
Solariskit Ltd
Company Information
for the period from 1 June 2024 to 30 April 2025
Directors
Dr. Faisal Ghani
Mark Stephen Durrant
Company Number
SC631739 (Scotland)
Registered Office
Thorntons Law LLP
Whitehall House
33 Yeaman Shore
Dundee
Angus
DD1 4BJ
Scotland
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
Solariskit Ltd
Statement of financial position
as at 30 April 2025
Tangible assets
18,577
34,862
Cash at bank and in hand
3,431
29,023
Creditors: amounts falling due within one year
(65,597)
(75,106)
Net current (liabilities)/assets
(10,624)
45,130
Total assets less current liabilities
7,953
79,992
Creditors: amounts falling due after more than one year
(10,499)
-
Net (liabilities)/assets
(2,546)
79,992
Called up share capital
1
1
Share premium
459,924
359,999
Profit and loss account
(462,471)
(280,008)
Shareholders' funds
(2,546)
79,992
For the period ending 30 April 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 2 August 2025 and were signed on its behalf by
Dr. Faisal Ghani
Director
Company Registration No. SC631739
Solariskit Ltd
Notes to the Accounts
for the period from 1 June 2024 to 30 April 2025
Solariskit Ltd is a private company, limited by shares, registered in Scotland, registration number SC631739. The registered office is Thorntons Law LLP, Whitehall House, 33 Yeaman Shore, Dundee, Angus, DD1 4BJ, Scotland.
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 period, 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.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Expenditure on research and development is written off in the year in which it is incurred.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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
4yr Straight Line
Fixtures & fittings
4yr Straight Line
Computer equipment
3yr Straight Line
Solariskit Ltd
Notes to the Accounts
for the period from 1 June 2024 to 30 April 2025
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 June 2024
68,082
6,195
16,742
11,496
102,515
Additions
655
-
-
1,740
2,395
Disposals
-
(6,195)
-
-
(6,195)
At 30 April 2025
68,737
-
16,742
13,236
98,715
At 1 June 2024
42,017
1,162
14,772
9,702
67,653
Charge for the period
10,447
-
1,730
1,470
13,647
On disposals
-
(1,162)
-
-
(1,162)
At 30 April 2025
52,464
-
16,502
11,172
80,138
At 30 April 2025
16,273
-
240
2,064
18,577
At 31 May 2024
26,065
5,033
1,970
1,794
34,862
Amounts falling due within one year
Trade debtors
23,479
29,550
Accrued income and prepayments
-
3,473
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
17,500
34,271
Trade creditors
19,661
20,907
Taxes and social security
3,592
2,609
Other creditors
511
12,440
Loans from directors
16,494
4,879
7
Creditors: amounts falling due after more than one year
2025
2024
8
Average number of employees
During the period the average number of employees was 4 (2024: 4).