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Company Registration No. 15496702 (England and Wales)
Sola Travel Limited Unaudited accounts for the period from 17 February 2024 to 28 February 2025
Sola Travel Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Sola Travel Limited Company Information for the period from 17 February 2024 to 28 February 2025
Director
Gemma Mainwaring
Company Number
15496702 (England and Wales)
Registered Office
10 Duncan Road Alsager Stoke-On-Trent ST7 2FG England
Accountants
James Accountancy Services Ltd 3 Waterloo Grove Kidsgrove Stoke-on-Trent Staffordshire ST7 4SY
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Sola Travel Limited Statement of financial position as at 28 February 2025
2025
Notes
£
Fixed assets
Intangible assets
4
14,995
Tangible assets
5
1,640
16,635
Current assets
Cash at bank and in hand
192
Creditors: amounts falling due within one year
6
(14,415)
Net current liabilities
(14,223)
Total assets less current liabilities
2,412
Provisions for liabilities
Deferred tax
7
(312)
Net assets
2,100
Capital and reserves
Called up share capital
8
1
Profit and loss account
2,099
Shareholders' funds
2,100
For the period ending 28 February 2025 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 her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 November 2025 and were signed on its behalf by
Gemma Mainwaring Director Company Registration No. 15496702
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Sola Travel Limited Notes to the Accounts for the period from 17 February 2024 to 28 February 2025
1
Statutory information
Sola Travel Limited is a private company, limited by shares, registered in England and Wales, registration number 15496702. The registered office is 10 Duncan Road, Alsager, Stoke-On-Trent, ST7 2FG, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
20% reducing balance method.
Computer equipment
20% reducing balance method
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation. Franchise fees of £14995 were incurred on commencement of the business, the company buying a travel agent franchise. No amortisation has been provided for this year and no tax allowances are available under current legislation.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Sola Travel Limited Notes to the Accounts for the period from 17 February 2024 to 28 February 2025
4
Intangible fixed assets
Other
£
Cost
At 17 February 2024
-
Additions
14,995
At 28 February 2025
14,995
Amortisation
At 17 February 2024
-
At 28 February 2025
-
Net book value
At 28 February 2025
14,995
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 17 February 2024
-
-
-
Additions
300
1,741
2,041
At 28 February 2025
300
1,741
2,041
Depreciation
Charge for the period
60
341
401
At 28 February 2025
60
341
401
Net book value
At 28 February 2025
240
1,400
1,640
6
Creditors: amounts falling due within one year
2025
£
VAT
4
Trade creditors
45
Taxes and social security
181
Other creditors
9,000
Loans from directors
4,985
Accruals
200
14,415
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Sola Travel Limited Notes to the Accounts for the period from 17 February 2024 to 28 February 2025
7
Deferred taxation
2025
£
Accelerated capital allowances
312
2025
£
Charged to the profit and loss account
312
Provision at end of period
312
8
Share capital
2025
£
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
9
Average number of employees
During the period the average number of employees was 1.
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