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COMPANY REGISTRATION NUMBER: 15598254
SOLVAL LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 March 2025
SOLVAL LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
Note
£
£
CURRENT ASSETS
Debtors
6
11,727
Cash at bank and in hand
64,495
--------
76,222
CREDITORS: amounts falling due within one year
7
13,860
--------
NET CURRENT ASSETS
62,362
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
62,362
--------
NET ASSETS
62,362
--------
CAPITAL AND RESERVES
Called up share capital
8
1
Profit and loss account
62,361
--------
SHAREHOLDERS FUNDS
62,362
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
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.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 24 December 2025 , and are signed on behalf of the board by:
D Ansell
Director
Company registration number: 15598254
SOLVAL LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 20-22 Bridge End, Leeds, United Kingdom, LS1 4DJ.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, exclusive of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 1 .
5. TAX ON PROFIT
Major components of tax expense
2025
£
Current tax:
UK current tax expense
9,878
-------
Tax on profit
9,878
-------
6. DEBTORS
2025
£
Trade debtors
5,229
Other debtors
6,498
--------
11,727
--------
7. CREDITORS: amounts falling due within one year
2025
£
Corporation tax
9,876
Social security and other taxes
2,484
Other creditors
1,500
--------
13,860
--------
8. CALLED UP SHARE CAPITAL
1 ordinary £1 shares were issued upon incorporation.