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REGISTERED NUMBER: 02471208 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Solstar Enterprises Limited

Solstar Enterprises Limited (Registered number: 02471208)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solstar Enterprises Limited

Company Information
for the year ended 31 March 2025







DIRECTORS: L D Smith
Mrs J Smith
T Smith
Miss M Smith





SECRETARY: Mrs J Smith





REGISTERED OFFICE: 26/27 Leeside
Merrylees Industrial Estate
Desford
Leicestershire
LE9 9FS





REGISTERED NUMBER: 02471208 (England and Wales)





ACCOUNTANTS: Clayton & Brewill
Chartered Accountants
Cawley House
149-155 Canal Street
Nottingham
Nottinghamshire
NG1 7HR

Solstar Enterprises Limited (Registered number: 02471208)

Balance Sheet
31 March 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 696,607 482,842

CURRENT ASSETS
Inventories 112,989 137,579
Debtors 5 1,263,099 1,057,053
Cash at bank 23,110 48,498
1,399,198 1,243,130
CREDITORS
Amounts falling due within one year 6 885,972 694,530
NET CURRENT ASSETS 513,226 548,600
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,209,833

1,031,442

CREDITORS
Amounts falling due after more than
one year

7

(1,775

)

(12,236

)

PROVISIONS FOR LIABILITIES (174,152 ) (120,711 )
NET ASSETS 1,033,906 898,495

CAPITAL AND RESERVES
Called up share capital 30,000 30,000
Retained earnings 1,003,906 868,495
SHAREHOLDERS' FUNDS 1,033,906 898,495

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Solstar Enterprises Limited (Registered number: 02471208)

Balance Sheet - continued
31 March 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 August 2025 and were signed on its behalf by:





L D Smith - Director


Solstar Enterprises Limited (Registered number: 02471208)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

Solstar Enterprises Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Improvements to property - 10% on reducing balance
Plant and machinery - 10% on reducing balance
Motor vehicles - 25% reducing balance

Stocks
Inventories and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing inventories to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 52 (2024 - 50 ) .

Solstar Enterprises Limited (Registered number: 02471208)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

4. PROPERTY, PLANT AND EQUIPMENT
Improvements Fixtures
to Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 April 2024 58,878 622,933 14,956 27,065 723,832
Additions 82,936 178,821 13,903 - 275,660
Disposals - (6,025 ) - - (6,025 )
At 31 March 2025 141,814 795,729 28,859 27,065 993,467
DEPRECIATION
At 1 April 2024 30,404 199,447 3,950 7,189 240,990
Charge for year 4,146 47,716 1,672 4,969 58,503
Eliminated on disposal - (2,633 ) - - (2,633 )
At 31 March 2025 34,550 244,530 5,622 12,158 296,860
NET BOOK VALUE
At 31 March 2025 107,264 551,199 23,237 14,907 696,607
At 31 March 2024 28,474 423,486 11,006 19,876 482,842

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 837,971 696,357
Other debtors 2,310 -
L & J Display Limited 292,754 286,354
Posiform 81,198 38,679
VAT - 3,251
Prepayments and accrued income 48,866 32,412
1,263,099 1,057,053

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts 10,462 10,204
Trade creditors 456,775 364,269
Corporation tax 37,328 9,295
Social security and other taxes 48,855 29,802
VAT 10,583 -
Other creditors and accruals 60,685 62,289
Invoice financing 261,284 218,671
885,972 694,530

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Bank loans - 1-2 years 1,775 10,462
Bank loans - 2-5 years - 1,774
1,775 12,236

Solstar Enterprises Limited (Registered number: 02471208)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 81,000 81,000
Between one and five years 209,250 290,250
290,250 371,250

9. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Bank loans 12,237 22,440

On 28th January 2011 a fixed and floating charge was created on all monies due or to become due to RBS Invoice Finance Limited secured on all assets present and future.

10. ULTIMATE CONTROLLING PARTY

The controlling party is L & J Display Ltd.

The ultimate controlling party is Mr L D Smith and Mrs J Smith.