REGISTERED NUMBER: 04765784 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 May 2025

for

SOLVIT (WALES) LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

A J James

SECRETARY:

Mrs G James

REGISTERED OFFICE:

76 Clos Llysfaen

Lisvane

Cardiff

CF14 0UP

REGISTERED NUMBER:

04765784 (England and Wales)

ACCOUNTANTS:

Argent Associates

Unit B2 Compass Business Pk

Pacific Road

Ocean Park

Cardiff

South Glamorgan

CF24 5HL

FIXED ASSETS

Tangible assets

4

157,562

140,745

CURRENT ASSETS

Stocks

132,456

172,200

Debtors

5

114,076

239,386

Cash at bank and in hand

209,563

234,468

456,095

646,054

CREDITORS

Amounts falling due within one year

6

291,716

393,243

NET CURRENT ASSETS

164,379

252,811

TOTAL ASSETS LESS CURRENT LIABILITIES

321,941

393,556

CREDITORS

Amounts falling due after more than one year

7

52,117

96,117

NET ASSETS

269,824

297,439

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

269,624

297,239

SHAREHOLDERS' FUNDS

269,824

297,439

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 May 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 May 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 June 2026 and were signed by:

A J James - Director

1.	STATUTORY INFORMATION

SOLVIT (WALES) LTD is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 31 May 2024

438,179

Additions

42,417

At 30 May 2025

480,596

DEPRECIATION

At 31 May 2024

297,434

Charge for year

25,600

At 30 May 2025

323,034

NET BOOK VALUE

At 30 May 2025

157,562

At 30 May 2024

140,745

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 31 May 2024

and 30 May 2025

271,218

DEPRECIATION

At 31 May 2024

146,701

Charge for year

22,000

At 30 May 2025

168,701

NET BOOK VALUE

At 30 May 2025

102,517

At 30 May 2024

124,517

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.5.25

30.5.24

£

£

Trade debtors

114,076

239,386

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.5.25

30.5.24

£

£

Other loans

15,764

24,573

Hire purchase contracts

45,120

46,300

Trade creditors

181,787

158,518

Tax

-

7,442

Social security and other taxes

20,797

31,840

VAT

14,024

48,601

Other creditors

4,574

11,799

Accrued expenses

9,650

64,170

291,716

393,243

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.5.25

30.5.24

£

£

Hire purchase contracts

52,117

96,117