Sola Sheet Metal Company Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: SC101734 (Scotland)

Unaudited Financial Statements for the Year Ended 31 January 2026

for

Sola Sheet Metal Company Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Report of the Accountants

8

DIRECTORS:

P Richardson

G Richardson

SECRETARY:

S Richardson

REGISTERED OFFICE:

Unit 20

211 Cambuslang Road

Glasgow

G72 7TS

REGISTERED NUMBER:

SC101734 (Scotland)

ACCOUNTANTS:

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

FIXED ASSETS

Tangible assets

4

11,206

14,941

CURRENT ASSETS

Stocks

2,000

Debtors

5

61,875

62,847

Cash at bank and in hand

459,268

497,276

523,143

562,123

CREDITORS

Amounts falling due within one year

6

44,192

71,074

NET CURRENT ASSETS

478,951

491,049

TOTAL ASSETS LESS CURRENT
LIABILITIES

490,157

505,990

CREDITORS

Amounts falling due after more than one
year

7

(3,305

)

(8,866

)

PROVISIONS FOR LIABILITIES

(186

)

(772

)

NET ASSETS

486,666

496,352

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

486,566

496,252

SHAREHOLDERS' FUNDS

486,666

496,352

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2026 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors and authorised for issue on 26 May 2026 and were signed on its behalf by:

P Richardson - Director

1.	STATUTORY INFORMATION

Sola Sheet Metal Company Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 8 (2025 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

COST

At 1 February 2025

and 31 January 2026

42,314

3,372

23,596

69,282

DEPRECIATION

At 1 February 2025

40,995

3,353

9,993

54,341

Charge for year

330

5

3,400

3,735

At 31 January 2026

41,325

3,358

13,393

58,076

NET BOOK VALUE

At 31 January 2026

989

14

10,203

11,206

At 31 January 2025

1,319

19

13,603

14,941

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

Motor

vehicles

£

COST

At 1 February 2025

and 31 January 2026

10,498

DEPRECIATION

At 1 February 2025

2,625

Charge for year

1,968

At 31 January 2026

4,593

NET BOOK VALUE

At 31 January 2026

5,905

At 31 January 2025

7,873

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Trade debtors

61,875

62,847

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.26

31.1.25

£

Bank loans and overdrafts

3,333

8,000

Hire purchase contracts

2,203

Trade creditors

17,138

33,692

Taxation and social security

15,660

20,602

Other creditors

5,858

6,577

44,192

71,074

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

31.1.26

31.1.25

£

Bank loans

-

3,357

Hire purchase contracts

3,305

5,509

3,305

8,866

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.26

31.1.25

£

Bank loans

3,333

11,357

Hire purchase contracts

5,508

7,712

8,841

19,069

The bank loan is secured by way of a government backed guarantee.

Hire purchase creditors are secured against the assets to which they relate.

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors/debtors are amounts due to P Richardson of £121 (2025: £121) and due to G Richardson of £2,271 (2025: £2,271).

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 January 2026 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Wallace White Accountants

2nd Floor

22-24 Blythswood Square

Glasgow

G2 4BG

26 May 2026