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Registered number: 06272774
Solent Cartridge Supplies Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2025
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Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 06272774
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 3,455 4,607
3,455 4,607
Creditors: Amounts Falling Due Within One Year 6 (104,705 ) (110,949 )
NET CURRENT ASSETS (LIABILITIES) (104,705 ) (110,949 )
TOTAL ASSETS LESS CURRENT LIABILITIES (101,250 ) (106,342 )
Creditors: Amounts Falling Due After More Than One Year 7 (1,740 ) (5,541 )
NET LIABILITIES (102,990 ) (111,883 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (103,090 ) (111,983 )
SHAREHOLDERS' FUNDS (102,990) (111,883)
For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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 Michale O'Donoghue
Director
10/10/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Solent Cartridge Supplies Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 06272774 . The registered office is 203 West Street, Fareham, Hampshire, PO16 0EN.
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 - Other Intangible
Other intangible assets are .... 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:
Motor Vehicles 25% Depreciate Reducing Balance Method
Computer Equipment 25% Depreciate Reducing Balance Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2024: 1)
1 1
4. Intangible Assets
Other
£
Cost
As at 1 July 2024 18,400
As at 30 June 2025 18,400
Amortisation
As at 1 July 2024 18,400
As at 30 June 2025 18,400
Net Book Value
As at 30 June 2025 -
As at 1 July 2024 -
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Page 3
5. Tangible Assets
Motor Vehicles Computer Equipment Total
£ £ £
Cost
As at 1 July 2024 16,093 9,127 25,220
As at 30 June 2025 16,093 9,127 25,220
Depreciation
As at 1 July 2024 11,897 8,716 20,613
Provided during the period 1,049 103 1,152
As at 30 June 2025 12,946 8,819 21,765
Net Book Value
As at 30 June 2025 3,147 308 3,455
As at 1 July 2024 4,196 411 4,607
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Bank loans and overdrafts 2,629 2,869
Accruals and deferred income 2,057 922
Director's loan account 100,019 107,158
104,705 110,949
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Bank loans 1,740 3,438
Other creditors - 2,103
1,740 5,541
8. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
9. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 30 June 2025
£ £ £ £ £
Mr Michale O'Donoghue (107,158 ) (2,854 ) 9,993 - (100,019 )
The above loan is unsecured, interest free and repayable on demand.
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