Solo Development & Construction Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 07042787

SOLO DEVELOPMENT & CONSTRUCTION LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD ENDED

26 March 2025

SOLO DEVELOPMENT & CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION

26 March 2025

	26 Mar 25		28 Mar 24
Note	£	£	£

FIXED ASSETS

Tangible assets	5		39,715	73,982

CURRENT ASSETS

Stocks		960,000	1,885,000
Debtors	6	611,334	867,679
		------------	------------
		1,571,334	2,752,679

CREDITORS: amounts falling due within one year	7	( 1,231,259)		( 664,416)
		------------		------------
NET CURRENT ASSETS			340,075	2,088,263
			---------	------------
TOTAL ASSETS LESS CURRENT LIABILITIES			379,790	2,162,245

CREDITORS: amounts falling due after more than one year	8		( 244,222)	( 2,287,385)

PROVISIONS	–	3,422
	---------	------------
NET ASSETS/(LIABILITIES)	135,568	( 121,718)
	---------	------------

CAPITAL AND RESERVES

Called up share capital	100	100
Profit and loss account	135,468	( 121,818)
	---------	---------
SHAREHOLDERS FUNDS/(DEFICIT)	135,568	( 121,718)
	---------	---------

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 income and retained earnings has not been delivered.

For the period ending 26 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 period 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 .

SOLO DEVELOPMENT & CONSTRUCTION LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

26 March 2025

These financial statements were approved by the board of directors and authorised for issue on 12 May 2026 , and are signed on behalf of the board by:

D Ingham
Director

Company registration number: 07042787

SOLO DEVELOPMENT & CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

PERIOD FROM 29 MARCH 2024 TO 26 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, 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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	15% reducing balance
Fixtures and fittings	-	15% reducing balance
Motor vehicles	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

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.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the period amounted to 7 (2024: 10 ).

5. TANGIBLE ASSETS

	Plant and machinery	Fixtures and fittings	Motor vehicles	Total
	£	£	£	£
Cost
At 29 March 2024	105,318	17,809	24,416	147,543
Disposals	( 28,000)	–	–	( 28,000)
	---------	--------	--------	---------
At 26 March 2025	77,318	17,809	24,416	119,543
	---------	--------	--------	---------
Depreciation
At 29 March 2024	41,418	16,047	16,096	73,561
Charge for the period	7,288	289	2,080	9,657
Disposals	( 3,390)	–	–	( 3,390)
	---------	--------	--------	---------
At 26 March 2025	45,316	16,336	18,176	79,828
	---------	--------	--------	---------
Carrying amount
At 26 March 2025	32,002	1,473	6,240	39,715
	---------	--------	--------	---------
At 28 March 2024	63,900	1,762	8,320	73,982
	---------	--------	--------	---------

6. DEBTORS

	26 Mar 25	28 Mar 24
	£	£
Trade debtors	122,585	474,008
Amounts owed by group undertakings and undertakings in which the company has a participating interest	406,466	346,244
Other debtors	82,283	47,427
	---------	---------
	611,334	867,679
	---------	---------

7. CREDITORS: amounts falling due within one year

	26 Mar 25	28 Mar 24
	£	£
Bank loans and overdrafts	781,312	319,344
Trade creditors	292,742	139,526
Social security and other taxes	43,690	35,678
Other creditors	113,515	169,868
	------------	---------
	1,231,259	664,416
	------------	---------

8. CREDITORS: amounts falling due after more than one year

	26 Mar 25	28 Mar 24
	£	£
Bank loans and overdrafts	233,139	2,229,083
Other creditors	11,083	58,302
	---------	------------
	244,222	2,287,385
	---------	------------