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REGISTERED NUMBER: 05104479 (England and Wales)










Audited Financial Statements

for the Year Ended 31 December 2024

for

Solar Inks Ltd

Solar Inks Ltd (Registered number: 05104479)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Solar Inks Ltd

Company Information
for the Year Ended 31 December 2024







Directors: Mr J M Mack
Mr W I Cardew
Mr C M P Tynell





Registered office: Unit E3
Halesfield 23
Telford
Shropshire
TF7 4NY





Registered number: 05104479 (England and Wales)





Auditors: Hughes & Co.
The Stables
Broseley Hall
Church Street
Broseley
Shropshire
TF12 5DG

Solar Inks Ltd (Registered number: 05104479)

Balance Sheet
31 December 2024

2024 2023
Notes £ £ £ £
Fixed assets
Intangible assets 4 - -
Tangible assets 5 82,168 109,558
82,168 109,558

Current assets
Stocks 219,764 222,955
Debtors 6 378,794 749,458
598,558 972,413
Creditors
Amounts falling due within one year 7 420,670 478,687
Net current assets 177,888 493,726
Total assets less current liabilities 260,056 603,284

Capital and reserves
Called up share capital 8 3,600 3,600
Capital redemption reserve 9 2,400 2,400
Retained earnings 9 254,056 597,284
Shareholders' funds 260,056 603,284

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 15 May 2025 and were signed on its behalf by:





Mr J M Mack - Director


Solar Inks Ltd (Registered number: 05104479)

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


1. STATUTORY INFORMATION

Solar Inks Ltd 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of three years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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

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

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.


Solar Inks Ltd (Registered number: 05104479)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 14 (2023 - 16 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£
Cost
At 1 January 2024
and 31 December 2024 155,000
Amortisation
At 1 January 2024
and 31 December 2024 155,000
Net book value
At 31 December 2024 -
At 31 December 2023 -

Solar Inks Ltd (Registered number: 05104479)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Improvements Plant and and Motor
to property machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 January 2024
and 31 December 2024 2,765 503,520 70,059 11,546 587,890
Depreciation
At 1 January 2024 2,765 409,277 54,744 11,546 478,332
Charge for year - 23,561 3,829 - 27,390
At 31 December 2024 2,765 432,838 58,573 11,546 505,722
Net book value
At 31 December 2024 - 70,682 11,486 - 82,168
At 31 December 2023 - 94,243 15,315 - 109,558

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade debtors 361,374 493,806
Amounts owed by group undertakings - 245,457
VAT 17,420 10,195
378,794 749,458

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 307,456 417,898
Amounts owed to group undertakings 65,326 -
Social security and other taxes 14,439 15,019
Accruals and deferred income 33,449 45,770
420,670 478,687

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
3,600 Ordinary shares 1 3,600 3,600

Solar Inks Ltd (Registered number: 05104479)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


9. RESERVES
Capital
Retained redemption
earnings reserve Totals
£ £ £

At 1 January 2024 597,284 2,400 599,684
Deficit for the year (343,228 ) (343,228 )
At 31 December 2024 254,056 2,400 256,456

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

David Hughes FCCA (Senior Statutory Auditor)
for and on behalf of Hughes & Co.