| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31 May 2026 |
| for |
| Solstice Distribution Limited |
| REGISTERED NUMBER: |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31 May 2026 |
| for |
| Solstice Distribution Limited |
| Solstice Distribution Limited (Registered number: 12372618) |
| Contents of the Financial Statements |
| for the year ended 31 May 2026 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Profit and Loss Account | 3 |
| Balance Sheet | 4 |
| Statement of Changes in Equity | 6 |
| Notes to the Financial Statements | 7 |
| Solstice Distribution Limited |
| Company Information |
| for the year ended 31 May 2026 |
| Directors: |
| Registered office: |
| Registered number: |
| Accountants: |
| Unit 2 Foley Works |
| Foley Trading Estate |
| Hereford |
| Herefordshire |
| HR1 2SF |
| Solstice Distribution Limited (Registered number: 12372618) |
| Report of the Directors |
| for the year ended 31 May 2026 |
| The directors present their report with the financial statements of the company for the year ended 31 May 2026. |
| Principal activity |
| The principal activity of the company in the year under review was that of wholesale of computers, computer peripheral equipment and software. |
| Directors |
| The directors shown below have held office during the whole of the period from 1 June 2025 to the date of this report. |
| Other changes in directors holding office are as follows: |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| On behalf of the board: |
| Solstice Distribution Limited (Registered number: 12372618) |
| Profit and Loss Account |
| for the year ended 31 May 2026 |
| 2026 | 2025 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS PROFIT |
| Distribution costs | ( |
) | ( |
) |
| Administrative expenses | ( |
) | ( |
) |
| 197,576 | 208,727 |
| Other operating income |
| OPERATING PROFIT | 4 |
| Interest receivable and similar income |
| 224,820 | 276,290 |
| Interest payable and similar expenses | ( |
) | ( |
) |
| PROFIT BEFORE TAXATION |
| Tax on profit | ( |
) | ( |
) |
| PROFIT FOR THE FINANCIAL YEAR |
| Solstice Distribution Limited (Registered number: 12372618) |
| Balance Sheet |
| 31 May 2026 |
| 2026 | 2025 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 | ( |
) | ( |
) |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
10 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| The directors acknowledge their 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. |
| Solstice Distribution Limited (Registered number: 12372618) |
| Balance Sheet - continued |
| 31 May 2026 |
| The financial statements were approved by the Board of Directors and authorised for issue on |
| Solstice Distribution Limited (Registered number: 12372618) |
| Statement of Changes in Equity |
| for the year ended 31 May 2026 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 June 2024 |
| Prior year adjustment | - | ( |
) | ( |
) |
| As restated |
| Changes in equity |
| Total comprehensive income | - |
| Dividends | - | ( |
) | ( |
) |
| Balance at 31 May 2025 |
| Changes in equity |
| Total comprehensive income | - |
| Dividends | - | ( |
) | ( |
) |
| Issue of share capital | - |
| Balance at 31 May 2026 |
| Solstice Distribution Limited (Registered number: 12372618) |
| Notes to the Financial Statements |
| for the year ended 31 May 2026 |
| 1. | STATUTORY INFORMATION |
| Solstice Distribution Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Fixtures, office and computer equipment | - |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Financial instruments |
| Financial instruments are classified and accounted for according to the substance of the contractual arrangement. They are classified as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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. |
| Foreign currencies |
| Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
| Solstice Distribution Limited (Registered number: 12372618) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2026 |
| 2. | ACCOUNTING POLICIES - continued |
| Hire purchase and leasing commitments |
| 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. |
| Equity instruments |
| Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING PROFIT |
| The operating profit is stated after charging: |
| 2026 | 2025 |
| £ | £ |
| Depreciation - owned assets |
| Directors' remuneration |
| 5. | EXCEPTIONAL ITEMS |
| 2026 | 2025 |
| £ | £ |
| Loan write off | - | (250,000 | ) |
| In the prior year, a loan to an unrelated company was written off as it became apparent that it would not be repaid. |
| 6. | DIVIDENDS |
| 2026 | 2025 |
| £ | £ |
| Ordinary B shares of £1 each |
| Interim |
| During the year, total dividends of £237,833 (2025 - £276,243) were paid to the holding company. |
| Solstice Distribution Limited (Registered number: 12372618) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2026 |
| 7. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| Cost |
| At 1 June 2025 |
| Additions |
| At 31 May 2026 |
| Depreciation |
| At 1 June 2025 |
| Charge for year |
| At 31 May 2026 |
| Net book value |
| At 31 May 2026 |
| At 31 May 2025 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Bank loans and overdrafts |
| Hire purchase contracts (see note 11) |
| Trade creditors |
| Amounts owed to group undertakings |
| Taxation and social security |
| Other creditors |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2026 | 2025 |
| £ | £ |
| Bank loans |
| Hire purchase contracts (see note 11) |
| Solstice Distribution Limited (Registered number: 12372618) |
| Notes to the Financial Statements - continued |
| for the year ended 31 May 2026 |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments fall due as follows: |
| Hire purchase |
| contracts |
| 2026 | 2025 |
| £ | £ |
| Net obligations repayable: |
| Within one year |
| Between one and five years |
| Non-cancellable |
| operating leases |
| 2026 | 2025 |
| £ | £ |
| Within one year |
| Between one and five years |
| In more than five years |
| 12. | SECURED DEBTS |
| The trade debtors are provided as security for the company's borrowing under a confidential invoice discounting facility. |
| 13. | ULTIMATE CONTROLLING PARTY |
| Solstice Distribution Limited is a 100% subsidiary of Ecliptic Holdings Limited, a company incorporated in the United Kingdom. |