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Registered number: 14460606
Solid Networks Ltd
Financial Statements
For The Year Ended 30 November 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14460606
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 19,831 29,016
19,831 29,016
CURRENT ASSETS
Debtors 5 13,431 36,804
Cash at bank and in hand 10,269 8,957
23,700 45,761
Creditors: Amounts Falling Due Within One Year 6 (58,163 ) (42,773 )
NET CURRENT ASSETS (LIABILITIES) (34,463 ) 2,988
TOTAL ASSETS LESS CURRENT LIABILITIES (14,632 ) 32,004
Creditors: Amounts Falling Due After More Than One Year 7 (17,295 ) (26,729 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (3,768 ) (5,187 )
NET (LIABILITIES)/ASSETS (35,695 ) 88
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account (35,795 ) (12 )
SHAREHOLDERS' FUNDS (35,695) 88
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Page 2
For the year ending 30 November 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 H Muller
Director
12 August 2026
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Solid Networks Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14460606 . The registered office is 1 The Briars, Waterberry Drive, Waterlooville, Hampshire, PO7 7YH.
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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
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.
2.4. 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 over 5 years
Motor Vehicles over 5 years
Fixtures & Fittings Over 5 years
Computer Equipment over 5 years
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
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.
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.
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3. Average Number of Employees
2Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 December 2024 859 43,827 - 2,625 47,311
Additions - - 120 100 220
As at 30 November 2025 859 43,827 120 2,725 47,531
Depreciation
As at 1 December 2024 171 17,331 - 793 18,295
Provided during the period 172 8,665 24 544 9,405
As at 30 November 2025 343 25,996 24 1,337 27,700
Net Book Value
As at 30 November 2025 516 17,831 96 1,388 19,831
As at 1 December 2024 688 26,496 - 1,832 29,016
5. Debtors
2025 2024
£ £
Due within one year
Other debtors 13,431 36,804
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 9,434 9,434
Bank loans and overdrafts 3,994 -
Other creditors 131 -
Taxation and social security 44,604 33,339
58,163 42,773
7. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 17,295 26,729
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8. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 9,434 9,434
Later than one year and not later than five years 17,295 26,729
26,729 36,163
26,729 36,163
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within other creditors are the following loans to directors:
As at 1 December 2024 Amounts advanced Amounts repaid Amounts written off As at 30 November 2025
£ £ £ £ £
Miss Charlene Muller (1,361 ) 36,613 38,072 - (98 )
Mr Hendrik Muller 20,908 94,101 115,042 - (33 )
The above loan is unsecured, interest free and repayable on demand.
11. Related Party Transactions
Included within other creditor is the amount of £131 (2024 -£581) owed by the directors. This amount is undated, unsecured and repayable upon demand.
12. Ultimate Controlling Party
The company's ultimate controlling parties are Mr H Muller and Mrs C Muller by virtue of their ownership of 100% of the issued share capital in the company.
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