SOLO SIGNS UK LIMITED - Accounts

SOLO SIGNS UK LIMITED - Company Information

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Registered Number: 07858168

England and Wales

SOLO SIGNS UK LIMITED

Abridged Accounts

Period of accounts

Start date: 01 December 2021

End date: 30 November 2022

SOLO SIGNS UK LIMITED
Contents Page
For the year ended 30 November 2022

Accountants' report	1
Statement of financial position	2
Notes to the financial statements	3

SOLO SIGNS UK LIMITED Accountants' Report For the year ended 30 November 2022
Accountant’s report You consider that the company is exempt from an audit for the year ended 30 November 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. Doyles 30 November 2022 .................................................... Doyles 51 Station Road Marston Green Birmingham B37 7AB 17 April 2023 1

SOLO SIGNS UK LIMITED
Accountants' Report
For the year ended 30 November 2022

Accountant’s report
You consider that the company is exempt from an audit for the year ended 30 November 2022 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Doyles
30 November 2022

....................................................
Doyles
51 Station Road
Marston Green
Birmingham
B37 7AB
17 April 2023

SOLO SIGNS UK LIMITED
Statement of Financial Position
As at 30 November 2022

	2022 £	2021 £
Fixed assets
Tangible fixed assets	10,685	15,073
	10,685	15,073
Current assets
Stocks	7,000	4,000
Debtors: amounts falling due within one year	30,858	13,983
Cash at bank and in hand	5,546	13,353
	43,404	31,336
Creditors: amount falling due within one year	(23,437)	(16,829)
Net current assets	19,967	14,507

Total assets less current liabilities	30,652	29,580
Provisions for liabilities	(2,030)	(2,864)
Net assets	28,622	26,716

Capital and reserves
Called up share capital	2	2
Profit and loss account	28,620	26,714
Shareholder's funds	28,622	26,716

For the year ended 30 November 2022 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.

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 the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the board of directors on 17 April 2023 and were signed on its behalf by:

--------------------------------
Darryl Ablard
Director

SOLO SIGNS UK LIMITED
Notes to the Abridged Financial Statements
For the year ended 30 November 2022

General Information

SOLO SIGNS UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 07858168, registration address UNIT 8 HEMLOCK PARK, HYSSOP CLOSE , CANNOCK, WS11 7FB.

The presentation currency is £ sterling.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

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

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Operating lease rentals

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Deferred taxation

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using 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.
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.
Current and deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Motor Vehicles	25% Straight Line
Plant and Machinery	25% Straight Line

Stocks

Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Provisions

Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.

2.	Average number of employees Average number of employees during the year was 5 (2021 : 4).

Tangible fixed assets

Cost or valuation	Plant and Machinery	Motor Vehicles	Total
	£	£	£
At 01 December 2021	30,286	17,925	48,211
Additions	425	-	425
Disposals	-	-	-
At 30 November 2022	30,711	17,925	48,636
Depreciation
At 01 December 2021	19,797	13,341	33,138
Charge for year	3,438	1,375	4,813
On disposals	-	-	-
At 30 November 2022	23,235	14,716	37,951
Net book values
Closing balance as at 30 November 2022	7,476	3,209	10,685
Opening balance as at 01 December 2021	10,489	4,584	15,073

Share Capital

Allotted, called up and fully paid	2022 £		2021 £
2 Class A shares of £1.00 each	2		2
	2		2

5.	Ultimate Controlling Party The ultimate controlling Parties of the company are the directors by virtue of their 50% shareholding (each) of the company's share capital.