Solent Gas Limited

	Page
Company Information	1
Balance Sheet	2—3
Notes to the Financial Statements	4—6

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Solent Gas Limited

Balance Sheet

As At 31 March 2025

Balance Sheet

Registered number: 08913319

		31 March 2025		31 March 2024
	Notes	£	£	£	£
FIXED ASSETS
Intangible Assets	4		1,000		2,000
Tangible Assets	5		7,659		6,267

			8,659		8,267
CURRENT ASSETS
Stocks	6	778		812
Debtors	7	118		118
Cash at bank and in hand		76,003		94,069

		76,899		94,999
Creditors: Amounts Falling Due Within One Year	8	(66,990 )		(55,658 )

NET CURRENT ASSETS (LIABILITIES)			9,909		39,341

TOTAL ASSETS LESS CURRENT LIABILITIES			18,568		47,608

Creditors: Amounts Falling Due After More Than One Year	9		(5,000 )		(15,833 )

NET ASSETS			13,568		31,775

CAPITAL AND RESERVES
Called up share capital	10		100		100
Profit and Loss Account			13,468		31,675

SHAREHOLDERS' FUNDS			13,568		31,775

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Solent Gas Limited

Balance Sheet (continued)

As At 31 March 2025

For the year ending 31 March 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 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 R Cheal Director	Ms C Jackson Director
03/11/2025

The notes on pages 4 to 6 form part of these financial statements.

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Solent Gas Limited

Notes to the Financial Statements

For The Year Ended 31 March 2025

Notes to the Financial Statements

1. General Information

Solent Gas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08913319 . The registered office is Unit 19b The Wren Centre Westbourne Road, Emsworth, PO10 7SU.

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. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of .... years.

2.4. 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	25% RB
Motor Vehicles	25% RB
Fixtures & Fittings	25% RB
Computer Equipment	25% RB

2.5. 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.

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.

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 Gas Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

2.6. 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: 2 (2024: 2)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2024	13,938

As at 31 March 2025	13,938

Amortisation
As at 1 April 2024	11,938
Provided during the period	1,000

As at 31 March 2025	12,938

Net Book Value
As at 31 March 2025	1,000

As at 1 April 2024	2,000

5. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 April 2024	3,950	22,000	8,425	3,455	37,830
Additions	-	-	3,946	-	3,946

As at 31 March 2025	3,950	22,000	12,371	3,455	41,776

Depreciation
As at 1 April 2024	3,555	19,797	6,694	1,517	31,563
Provided during the period	98	551	1,420	485	2,554

As at 31 March 2025	3,653	20,348	8,114	2,002	34,117

Net Book Value
As at 31 March 2025	297	1,652	4,257	1,453	7,659

As at 1 April 2024	395	2,203	1,731	1,938	6,267

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Solent Gas Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2025

6. Stocks

	31 March 2025	31 March 2024
	£	£
Stock	778	812

7. Debtors

	31 March 2025	31 March 2024
	£	£
Due within one year
Other debtors	118	118

8. Creditors: Amounts Falling Due Within One Year

	31 March 2025	31 March 2024
	£	£
Trade creditors	18,239	12,501
Bank loans and overdrafts	10,000	10,000
Other creditors	13,655	14,476
Taxation and social security	25,096	18,681

	66,990	55,658

9. Creditors: Amounts Falling Due After More Than One Year

	31 March 2025	31 March 2024
	£	£
Bank loans	5,000	15,833

10. Share Capital

	31 March 2025	31 March 2024
	£	£
Allotted, Called up and fully paid	100	100

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Directors	Mr R Cheal
	Ms C Jackson

Company Number	08913319

Registered Office	Unit 19b The Wren Centre Westbourne Road
	Emsworth
	PO10 7SU

Accountants	Loveless & Co Accountants Ltd
	16 Durley Avenue
	Waterlooville
	Hampshire
	PO8 8XA