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Registered number: 11800191

Solway Renovations Limited

ACCOUNTS

FOR THE YEAR ENDED 31/01/2025

Prepared By:

NB Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

Solway Renovations Limited

ACCOUNTS

FOR THE YEAR ENDED 31/01/2025

DIRECTORS

Mr C R Pattinson

Mrs A Pattinson

REGISTERED OFFICE

Port House

Port Carlisle

Wigton

Cumbria

CA7 5BU

COMPANY DETAILS

Private company limited by shares registered in EW - England and Wales, registered number 11800191

BANKERS

Cumberland Building Society

ACCOUNTANTS

NB Lancaster & Co

Chartered Accountants

6 Brunswick Street

Carlisle

Cumbria

CA1 1PN

Solway Renovations Limited

ACCOUNTS
FOR THEYEARENDED31/01/2025
CONTENTS
		Page
Directors' Report		-
Accountants' Report		-
Statement Of Comprehensive Income		-
Balance Sheet		3
Notes To The Accounts		4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account		-
Profit And Loss Account Summaries		-

Solway Renovations Limited

BALANCE SHEET AT 31/01/2025
						2025				2024
		Notes				£				£
FIXED ASSETS
Tangible assets		3				11,563				14,870
CURRENT ASSETS
Stock				380,000				160,000
Debtors		5		2,287				3,996
Cash at bank and in hand				310				5,393
				382,597				169,389
CREDITORS: Amounts falling due within one year		6		308,465				123,222
NET CURRENT ASSETS						74,132				46,167
TOTAL ASSETS LESS CURRENT LIABILITIES						85,695				61,037
CAPITAL AND RESERVES
Called up share capital		7				2				2
Profit and loss account						85,693				61,035
SHAREHOLDERS' FUNDS						85,695				61,037
For the year ending 31/01/2025 the company was entitled to exemption 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 directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 20/10/2025 and signed on their behalf by
.............................
Mr C R Pattinson
Director

Solway Renovations Limited

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31/01/2025

1. ACCOUNTING POLICIES

1a. Basis Of Accounting

The accounts have been prepared under the historical cost convention.

The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .

1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery		reducing balance 20%
Commercial Vehicles		reducing balance 25%
Fixtures and Fittings		straight line 33%

1c. Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

2. EMPLOYEES
				2025		2024
				No.		No.
Average number of employees				1		1

Solway Renovations Limited

3. TANGIBLE FIXED ASSETS
		Plant and		Commercial		Fixtures
		Machinery		Vehicles		and Fittings		Total
		£		£		£		£
Cost
At 01/02/2024		11,477		12,500		260		24,237
Additions		-		-		203		203
At 31/01/2025		11,477		12,500		463		24,440
Depreciation
At 01/02/2024		5,983		3,125		259		9,367
For the year		1,099		2,344		67		3,510
At 31/01/2025		7,082		5,469		326		12,877
Net Book Amounts
At 31/01/2025		4,395		7,031		137		11,563
At 31/01/2024		5,494		9,375		1		14,870

4. STOCK				2025		2024
				£		£
Stock comprises:
Work in progress				380,000		160,000
				380,000		160,000

5. DEBTORS				2025		2024
				£		£
Amounts falling due within one year
VAT				2,287		3,996
				2,287		3,996

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				2025		2024
				£		£
UK corporation tax				9,667		9,062
Other tax and social security creditors				6,212		2,858
Directors current account				291,286		104,136
Trade creditors				-		5,966
Accruals				1,300		1,200
				308,465		123,222

Solway Renovations Limited

7. SHARE CAPITAL				2025		2024
				£		£
Allotted, issued and fully paid:
2 Ordinary shares of £1 each				2		2
				2		2

8. RELATED PARTY TRANSACTIONS

At the balance sheet date the company owed £291,286 (2024 - £104,136) to the directors. The loan is interest free, unsecured and repayable on demand. Total remuneration of £9,096 was paid to the directors during the year (2024 - £9,096). Dividends of £13,000 were paid to the directors during the year (2024 - £15,000).

9. ADDITIONAL INFORMATION

The company is a private company, limited by shares and registered in England & Wales.

The company's registered number is 11800191.

The company's registered office is Port House, Port Carlisle, Wigton, Cumbria, CA7 5BU.