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Solupak Limited |
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Unaudited Financial Statements |
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for the Year Ended 30 June 2019 |
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REGISTERED NUMBER:
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Solupak Limited |
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Unaudited Financial Statements |
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for the Year Ended 30 June 2019 |
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Solupak Limited (Registered number: 03586037) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2019 |
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Company information | 1 |
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Balance sheet | 2 |
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Notes to the financial statements | 4 |
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Solupak Limited |
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Company Information |
for the Year Ended 30 June 2019 |
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Director: |
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Secretary: |
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Registered office: |
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Registered number: |
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Accountants: |
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Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Solupak Limited (Registered number: 03586037) |
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Balance Sheet |
30 June 2019 |
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30.6.19 | 30.6.18 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
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Current assets |
Stocks |
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Debtors | 5 |
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Cash at bank and in hand |
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Creditors |
Amounts falling due within one year | 6 | ( |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Capital and reserves |
Called up share capital |
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Retained earnings |
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Shareholders' funds |
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( |
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The director acknowledges his responsibilities for: |
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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. |
Solupak Limited (Registered number: 03586037) |
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Balance Sheet - continued |
30 June 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
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The financial statements were approved by the director on
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Solupak Limited (Registered number: 03586037) |
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Notes to the Financial Statements |
for the Year Ended 30 June 2019 |
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1. | Statutory information |
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Solupak Limited is a
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company's registered number and registered office address can be found on the Company Information |
page. |
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2. | Accounting policies |
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Basis of preparing the financial statements |
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Turnover |
Turnover is recognised at the fair value of the consideration received or receivable for the sale of goods |
in the ordinary course of the business. Turnover is shown net of value added tax, of goods sold to |
external customers. |
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Turnover is recognised at the point of sale at which the goods are despatched. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Tangible fixed assets are reviewed for impairments in periods if events or changes in circumstances |
indicate that the carrying value may not be recoverable. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete |
and slow moving items. |
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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. |
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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. |
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3. | Employees and directors |
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The average number of employees during the year was
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Solupak Limited (Registered number: 03586037) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 July 2018 |
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Additions |
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Disposals | ( |
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At 30 June 2019 |
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Depreciation |
At 1 July 2018 |
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Charge for year |
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Eliminated on disposal | ( |
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At 30 June 2019 |
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Net book value |
At 30 June 2019 |
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At 30 June 2018 |
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5. | Debtors: amounts falling due within one year |
30.6.19 | 30.6.18 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
30.6.19 | 30.6.18 |
£ | £ |
Trade creditors |
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Amounts owed to group undertakings |
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Taxation and social security |
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Other creditors |
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Solupak Limited (Registered number: 03586037) |
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Notes to the Financial Statements - continued |
for the Year Ended 30 June 2019 |
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7. | Secured debts |
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The following secured debts are included within creditors: |
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30.6.19 | 30.6.18 |
£ | £ |
Other creditors | 83,317 | 175,062 |
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The bank overdraft and other creditors are secured by a fixed and floating charge on the assets of the |
company. |
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8. | Contingent liabilities |
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The company has given an unlimited guarantee in respect of the bank borrowings of J1 Technologies |
Limited and Core Additive Technologies Limited. There was no potential liability at 30 June 2019. |
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The company has also given an unlimited guarantee in respect of other borrowings of those companies. |
The maximum liability at 30 June 2019 was £106,631. |
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It is the opinion of the director that these guarantees are unlikely to be called upon in the foreseeable |
future. |