Acorah Software Products - Accounts Production 16.1.300 false true true 31 December 2023 1 January 2023 false 1 January 2024 31 December 2024 31 December 2024 13148475 Mr Praveen Kumar Solidus Labs Inc 101 Greenwich, NY, NY 10006 true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13148475 2023-12-31 13148475 2024-12-31 13148475 2024-01-01 2024-12-31 13148475 frs-core:CurrentFinancialInstruments 2024-12-31 13148475 frs-core:ShareCapital 2024-12-31 13148475 frs-core:RetainedEarningsAccumulatedLosses 2024-12-31 13148475 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 13148475 frs-bus:FilletedAccounts 2024-01-01 2024-12-31 13148475 frs-bus:SmallEntities 2024-01-01 2024-12-31 13148475 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 13148475 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 13148475 1 2024-01-01 2024-12-31 13148475 frs-bus:Director1 2024-01-01 2024-12-31 13148475 frs-countries:EnglandWales 2024-01-01 2024-12-31 13148475 2022-12-31 13148475 2023-12-31 13148475 2023-01-01 2023-12-31 13148475 frs-core:CurrentFinancialInstruments 2023-12-31 13148475 frs-core:ShareCapital 2023-12-31 13148475 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 13148475
Solidus Labs Ltd
Unaudited Financial Statements
For The Year Ended 31 December 2024
Solidus Labs Ltd
Contents
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Solidus Labs Ltd
Balance Sheet
As At 31 December 2024
Balance Sheet
Registered number: 13148475
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 101,897 68,905
101,897 68,905
Creditors: Amounts Falling Due Within One Year 5 (22,780 ) (5,651 )
NET CURRENT ASSETS (LIABILITIES) 79,117 63,254
TOTAL ASSETS LESS CURRENT LIABILITIES 79,117 63,254
NET ASSETS 79,117 63,254
CAPITAL AND RESERVES
Called up share capital 6 1 1
Profit and Loss Account 79,116 63,253
SHAREHOLDERS' FUNDS 79,117 63,254
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 director acknowledges his 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 Praveen Kumar
Director
10/09/2025
The notes on pages 2 to 4 form part of these financial statements.
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Page 2
Solidus Labs Ltd
Notes to the Financial Statements
For The Year Ended 31 December 2024
Notes to the Financial Statements
1. General Information
Solidus Labs Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13148475 . The registered office is 1 Chapel Street, Warwick, CV34 4HL.
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. Going Concern Disclosure
The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Significant judgements and estimations
The preparation of the financial statements requires management to make judgements, estimates, and assumptions that affect the amounts reported for assets and liabilities as at the balance sheet date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. In the Director's opinion there are no significant judgements or key sources of estimation uncertainty.
2.4. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.5. Financial Instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 
2.6. 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.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
2.7. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Solidus Labs Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
2.8. Debtors
Basic financial assets, including other debtors, are intially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
2.9. Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors 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.
2.10. 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. Average Number of Employees
Average number of employees, including directors, during the year was as follows: 2 (2023: 3)
2 3
4. Debtors
2024 2023
£ £
Due within one year
Other debtors 12,410 -
Amounts owed by group undertakings 89,487 68,905
101,897 68,905
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Taxes 8,122 3,851
Other taxes and social security 10,663 -
Other creditors 1,745 -
Accruals and deferred income 2,250 1,800
22,780 5,651
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
7. Dividends
No dividends were proposed or paid during the current or prior year. 
8. Related Party Transactions
The company is a wholly owned subsidiary member of its group and has therefore taken advantage of the provisions of Section 33. 1A of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” not to disclose transactions with entities that are wholly owned members of the group.
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Page 4
Solidus Labs Ltd
Notes to the Financial Statements (continued)
For The Year Ended 31 December 2024
9. Ultimate Parent Undertaking and Controlling Party
The company's immediate and ultimate parent undertaking is Solidus Labs Inc , incorporated in USA. Copies of the group accounts may be obtained from the secretary, 101 Greenwich, NY, NY 10006 . The ultimate controlling party is Solidus Labs Inc who controls 100% of the shares of Solidus Labs Ltd .
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