IRIS Accounts Production v25.3.0.601 06582887 director 1.2.24 31.1.25 31.1.25 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 06582887 2024-01-31 06582887 2025-01-31 06582887 2024-02-01 2025-01-31 06582887 2023-01-31 06582887 2023-02-01 2024-01-31 06582887 2024-01-31 06582887 ns15:EnglandWales 2024-02-01 2025-01-31 06582887 ns14:PoundSterling 2024-02-01 2025-01-31 06582887 ns10:Director1 2024-02-01 2025-01-31 06582887 ns10:PrivateLimitedCompanyLtd 2024-02-01 2025-01-31 06582887 ns10:SmallEntities 2024-02-01 2025-01-31 06582887 ns10:AuditExempt-NoAccountantsReport 2024-02-01 2025-01-31 06582887 ns10:SmallCompaniesRegimeForDirectorsReport 2024-02-01 2025-01-31 06582887 ns10:SmallCompaniesRegimeForAccounts 2024-02-01 2025-01-31 06582887 ns10:FullAccounts 2024-02-01 2025-01-31 06582887 1 2024-02-01 2025-01-31 06582887 ns10:CompanySecretary1 2024-02-01 2025-01-31 06582887 ns10:RegisteredOffice 2024-02-01 2025-01-31 06582887 ns5:CurrentFinancialInstruments 2025-01-31 06582887 ns5:CurrentFinancialInstruments 2024-01-31 06582887 ns5:Non-currentFinancialInstruments 2025-01-31 06582887 ns5:Non-currentFinancialInstruments 2024-01-31 06582887 ns5:ShareCapital 2025-01-31 06582887 ns5:ShareCapital 2024-01-31 06582887 ns5:RetainedEarningsAccumulatedLosses 2025-01-31 06582887 ns5:RetainedEarningsAccumulatedLosses 2024-01-31 06582887 ns5:ShareCapital 2023-01-31 06582887 ns5:RetainedEarningsAccumulatedLosses 2023-01-31 06582887 ns5:RetainedEarningsAccumulatedLosses 2023-02-01 2024-01-31 06582887 ns5:RetainedEarningsAccumulatedLosses 2024-02-01 2025-01-31 06582887 ns5:NetGoodwill 2024-02-01 2025-01-31 06582887 ns5:IntangibleAssetsOtherThanGoodwill 2024-02-01 2025-01-31 06582887 ns5:PlantMachinery 2024-02-01 2025-01-31 06582887 ns5:NetGoodwill 2024-01-31 06582887 ns5:NetGoodwill 2025-01-31 06582887 ns5:NetGoodwill 2024-01-31 06582887 ns5:PlantMachinery 2024-01-31 06582887 ns5:PlantMachinery 2025-01-31 06582887 ns5:PlantMachinery 2024-01-31 06582887 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-31 06582887 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-02-01 2025-01-31 06582887 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2025-01-31 06582887 ns5:PlantMachinery ns5:LeasedAssetsHeldAsLessee 2024-01-31 06582887 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2025-01-31 06582887 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-01-31 06582887 ns5:Non-currentFinancialInstruments 2024-02-01 2025-01-31 06582887 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2025-01-31 06582887 ns5:WithinOneYear ns5:CurrentFinancialInstruments ns5:HirePurchaseContracts 2024-01-31 06582887 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2025-01-31 06582887 ns5:BetweenOneFiveYears ns5:HirePurchaseContracts 2024-01-31 06582887 ns5:HirePurchaseContracts 2025-01-31 06582887 ns5:HirePurchaseContracts 2024-01-31 06582887 ns5:DeferredTaxation 2024-01-31 06582887 ns5:DeferredTaxation 2024-02-01 2025-01-31 06582887 ns5:DeferredTaxation 2025-01-31 06582887 1 ns10:Director1 2024-01-31 06582887 1 ns10:Director1 2023-01-31 06582887 1 ns10:Director1 2024-02-01 2025-01-31 06582887 1 ns10:Director1 2023-02-01 2024-01-31 06582887 1 ns10:Director1 2025-01-31 06582887 1 ns10:Director1 2024-01-31

REGISTERED NUMBER: 06582887 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2025

FOR

SOLENT LAPTOPS LIMITED

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Statement of Changes in Equity | 4 |

| Notes to the Financial Statements | 5 |

| SOLENT LAPTOPS LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 JANUARY 2025

| DIRECTOR: | Mr M D'Arcy-Burt

| SECRETARY: | Gibson Whitter Secretaries Limited

| REGISTERED OFFICE: | Larch House

| Parklands Business Park

| Denmead

| Hampshire

| PO7 6XP

| REGISTERED NUMBER: | 06582887 (England and Wales)

| ACCOUNTANTS: | Gibson Whitter

| Chartered Accountants

| and Chartered Tax Advisers

| Larch House

| Parklands Business Park

| Denmead

| Hampshire

| PO7 6XP

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

BALANCE SHEET

31 JANUARY 2025

| 31.1.25 | 31.1.24 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Intangible assets | 4 | - |  | - |  |

Tangible assets | 5 | 27,300 |  | 52,326 |  |

27,300 |  | 52,326 |  |

CURRENT ASSETS

Stocks | 2,607,568 |  | 2,148,263 |  |

Debtors | 6 | 85,133 |  | 77,616 |  |

Cash at bank and in hand | 43,282 |  | 151,831 |  |

2,735,983 |  | 2,377,710 |  |

CREDITORS

Amounts falling due within one year | 7 | 2,000,495 |  | 1,663,865 |  |

NET CURRENT ASSETS | 735,488 |  | 713,845 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 762,788 |  | 766,171 |  |

CREDITORS

Amounts falling due after more than one year | 8 | (165,834 | ) | (187,545 | ) |

PROVISIONS FOR LIABILITIES | 11 | (3,682 | ) | (9,938 | ) |

NET ASSETS | 593,272 |  | 568,688 |  |

CAPITAL AND RESERVES

Called up share capital | 200 |  | 200 |  |

Retained earnings | 593,072 |  | 568,488 |  |

SHAREHOLDERS' FUNDS | 593,272 |  | 568,688 |  |

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

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

The director acknowledges his 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.

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

BALANCE SHEET - continued

31 JANUARY 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 and authorised for issue by the director and authorised for issue on 20 October 2025 and were signed by:

Mr M D'Arcy-Burt - Director

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 JANUARY 2025

| Called up |

| share |  | Retained |  | Total

| capital |  | earnings |  | equity

£ | £ | £ |

Balance at 1 February 2023 | 200 |  | 490,686 |  | 490,886 |  |

Changes in equity

Dividends | - |  | (140,000 | ) | (140,000 | ) |

Total comprehensive income | - |  | 217,802 |  | 217,802 |  |

Balance at 31 January 2024 | 200 |  | 568,488 |  | 568,688 |  |

Changes in equity

Dividends | - |  | (90,000 | ) | (90,000 | ) |

Total comprehensive income | - |  | 114,584 |  | 114,584 |  |

Balance at 31 January 2025 | 200 |  | 593,072 |  | 593,272 |  |

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

1. | STATUTORY INFORMATION

| Solent Laptops 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

| Turnover is derived from ordinary activities, stated net of Value Added Tax. Revenue is recognised at the point when the company satisfies a performance obligation to a customer as agreed.

| Goodwill

| Goodwill is being written off evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery etc | - | 33% on cost and 25% on cost

| Stocks

| Stock is valued at the lower of cost and net realisable value. Cost is determined on an average cost method. Net realisable value is the estimated proceeds from the sale of stock less all further costs to completion and less all costs to be incurred in marketing, selling and distributing the stock.

| 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.

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 19 (2024 - 18 ) .

4. | INTANGIBLE FIXED ASSETS

| Goodwill

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 15,000 |  |

| AMORTISATION

| At 1 February 2024

| and 31 January 2025 | 15,000 |  |

| NET BOOK VALUE

| At 31 January 2025 | - |  |

| At 31 January 2024 | - |  |

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

5. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2024 | 233,062 |  |

| Additions | 975 |  |

| At 31 January 2025 | 234,037 |  |

| DEPRECIATION

| At 1 February 2024 | 180,736 |  |

| Charge for year | 26,001 |  |

| At 31 January 2025 | 206,737 |  |

| NET BOOK VALUE

| At 31 January 2025 | 27,300 |  |

| At 31 January 2024 | 52,326 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Plant and

| machinery

| etc

£ |

| COST

| At 1 February 2024

| and 31 January 2025 | 23,795 |  |

| DEPRECIATION

| At 1 February 2024 | 12,896 |  |

| Charge for year | 5,952 |  |

| At 31 January 2025 | 18,848 |  |

| NET BOOK VALUE

| At 31 January 2025 | 4,947 |  |

| At 31 January 2024 | 10,899 |  |

6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Trade debtors | 16,171 |  | 5,770 |  |

| Other debtors | 68,962 |  | 71,846 |  |

85,133 |  | 77,616 |  |

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans and overdrafts | 130,000 |  | 130,000 |  |

| Hire purchase contracts (see note 9) | 4,212 |  | 5,055 |  |

| Trade creditors | 382,298 |  | 416,835 |  |

| Taxation and social security | 271,491 |  | 246,025 |  |

| Other creditors | 1,212,494 |  | 865,950 |  |

2,000,495 |  | 1,663,865 |  |

8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

| 31.1.25 |  | 31.1.24

£ | £ |

| Bank loans | 53,334 |  | 183,333 |  |

| Hire purchase contracts (see note 9) | - |  | 4,212 |  |

| Other creditors | 112,500 |  | - |  |

165,834 |  | 187,545 |  |

| The above bank loans have been obtained using Coronavirus Business Interruption Loan Scheme (CBILS).

9. | LEASING AGREEMENTS

| Minimum lease payments under hire purchase fall due as follows:

| 31.1.25 |  | 31.1.24 |

£ | £ |

| Net obligations repayable:

| Within one year | 4,212 |  | 5,055 |  |

| Between one and five years | - |  | 4,212 |  |

4,212 |  | 9,267 |  |

10. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.1.25 |  | 31.1.24

£ | £ |

| Hire purchase contracts | 4,212 |  | 9,267 |  |

| Hire purchase agreements are secured against the asset being financed.

11. | PROVISIONS FOR LIABILITIES

| 31.1.25 |  | 31.1.24

£ | £ |

| Deferred tax | 3,682 |  | 9,938 |  |

| SOLENT LAPTOPS LIMITED (REGISTERED NUMBER: 06582887) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 JANUARY 2025

11. | PROVISIONS FOR LIABILITIES - continued

| Deferred |

| tax |

£ |

| Balance at 1 February 2024 | 9,938 |  |

| Utilised during year | (6,256 | ) |

| Balance at 31 January 2025 | 3,682 |  |

12. | PENSION COMMITMENTS

| The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension costs charge represents contributions payable by the company to the scheme and amounted to £7,170 (31.1.24: £4,879). There were £2,411 of outstanding contributions at 31 January 2025 (31.1.24: £1,040).

13. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

| The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

| 31.1.25 |  | 31.1.24

£ | £ |

| Mr M D'Arcy-Burt

| Balance outstanding at start of year | 22,546 |  | 17,076 |  |

| Amounts advanced | 48,427 |  | 38,835 |  |

| Amounts repaid | (54,802 | ) | (33,365 | ) |

| Amounts written off | - |  | - |  |

| Amounts waived | - |  | - |  |

| Balance outstanding at end of year | 16,171 |  | 22,546 |  |

| During the year the director paid interest to the company on the overdrawn director's loan account balance at 2.25% per annum. The interest on the overdrawn director's loan account balance for the year was £642 (31.1.24: £544).

14. | RELATED PARTY DISCLOSURES

| The aggregate amount owed by the director at the balance sheet date is £16,171 (31.1.24: £22,546).

| The aggregate amount owed to connected companies at the balance sheet date is £372,500 (31.1.24: £95,000). Interest of £29,513 (31.1.24: £7,426) was paid on this balance in the year.

| During the year the company was invoiced £45,000 (31.1.24: £45,000) by connected companies for rent.

| The company has provided a guarantee of up to £277,500 for a connected company, by way of a debenture, for a bank loan secured against that company's property.

| The director has provided a personal guarantee for the company's bank and other loans.

15. | ULTIMATE CONTROLLING PARTY

| The company is not under the control of any one party.