Solent Automation Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 12342259

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		27,234		26,040
Investments	5		(5,061 )		-

			22,173		26,040
CURRENT ASSETS
Stocks	6	923,511		134,555
Debtors	7	1,182,493		193,171
Investments	8	68,413		-
Cash at bank and in hand		3,336		389,912

		2,177,753		717,638
Creditors: Amounts Falling Due Within One Year	9	(1,167,336 )		(293,838 )

NET CURRENT ASSETS (LIABILITIES)			1,010,417		423,800

TOTAL ASSETS LESS CURRENT LIABILITIES			1,032,590		449,840

NET ASSETS			1,032,590		449,840

CAPITAL AND RESERVES
Called up share capital	10		542,920		180,148
Share premium account			70		70
Capital redemption reserve			-		(10,332 )
Profit and Loss Account			489,600		279,954

SHAREHOLDERS' FUNDS			1,032,590		449,840

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Solent Automation Ltd

Balance Sheet (continued)

As At 31 December 2024

For the 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.

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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Mario Smrcek

Director

23 June 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

Solent Automation Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12342259 . The registered office is Unit 10, Spring Business Park, Stanbridge Road, Havant, Hampshire, PO9 2GJ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

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

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	20% Fixed *
Motor Vehicles	33% Reducing
Fixtures & Fittings	10% Fixed
Computer Equipment	33% Fixed

* Tools and Small Equipment have 2 year (50%) fixed depreciation.

2.4. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

Previous Year Note: Work in progress and finished goods not tracked in prior year. Opening stock considered equal to stock value brought forward.

2.5. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

...CONTINUED

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Solent Automation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

2.5. Taxation - continued

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 9 (2023: 5)

4. Tangible Assets

	Plant & Machinery	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 January 2024	11,959	2,358	20,927	35,244
Additions	-	5,867	6,124	11,991

As at 31 December 2024	11,959	8,225	27,051	47,235

Depreciation
As at 1 January 2024	4,976	148	4,080	9,204
Provided during the period	2,315	1,555	6,927	10,797

As at 31 December 2024	7,291	1,703	11,007	20,001

Net Book Value
As at 31 December 2024	4,668	6,522	16,044	27,234

As at 1 January 2024	6,983	2,210	16,847	26,040

5. Investments

	Unlisted
	£
Cost
As at 1 January 2024	-
Additions	(5,061 )

As at 31 December 2024	(5,061 )

Provision
As at 1 January 2024	-

As at 31 December 2024	-

Net Book Value
As at 31 December 2024	(5,061 )

As at 1 January 2024	-

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Solent Automation Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

6. Stocks

	2024	2023
	£	£
Stock	-	134,555
Work in progress	923,511	-

	923,511	134,555

7. Debtors

	2024	2023
	£	£
Due within one year
Trade debtors	1,062,345	13,435
Amounts owed by participating interests	2,149	5,149
Other debtors	117,999	174,587

	1,182,493	193,171

8. Current Asset Investments

	2024	2023
	£	£
Unlisted investments	68,413	-

9. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	355,252	87,549
Bank loans and overdrafts	-	15,124
Other loans	347,565	-
Other creditors	90,973	9,389
Taxation and social security	373,546	181,776

	1,167,336	293,838

10. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	542,920	180,148

11. Directors Advances, Credits and Guarantees

Included within Debtors are the following loans to directors:

	As at 1 January 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 31 December 2024
	£	£	£	£	£
Mr Mario Smrcek	-	59,919	-	-	59,919

The above loan is unsecured, interest free and repayable on demand.

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