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Solupak Limited |
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Unaudited Financial Statements |
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for the Year Ended 30 June 2018 |
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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 2018 |
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Solupak Limited (Registered number: 03586037) |
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Contents of the Financial Statements |
for the Year Ended 30 June 2018 |
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Page |
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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 2018 |
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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 2018 |
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30.6.18 | 30.6.17 |
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 |
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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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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 2018 |
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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 2018 |
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1. | Statutory information |
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Solupak Limited is a
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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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As at 30 June 2018 the company's net current liabilities exceeded its current assets by £212,843 (2017: £119,037). |
The financial statements have been drawn up on a going concern basis which assumes that the company will |
continue in operation, as the company meets its day to day working capital requirements through support given by |
the director. |
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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 2018 |
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4. | Tangible fixed assets |
Plant and |
machinery |
etc |
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Cost |
At 1 July 2017 |
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Additions |
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At 30 June 2018 |
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Depreciation |
At 1 July 2017 |
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Charge for year |
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At 30 June 2018 |
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Net book value |
At 30 June 2018 |
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At 30 June 2017 |
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5. | Debtors: amounts falling due within one year |
30.6.18 | 30.6.17 |
£ | £ |
Trade debtors |
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Other debtors |
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6. | Creditors: amounts falling due within one year |
30.6.18 | 30.6.17 |
£ | £ |
Bank loans and overdrafts |
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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 2018 |
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7. | Secured debts |
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The following secured debts are included within creditors: |
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30.6.18 | 30.6.17 |
£ | £ |
Bank overdraft |
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Other creditors | 175,062 | 141,674 |
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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 Chemlink Specialities |
Limited, J1 Technologies Limited, Soluclean Limited Core Additive Technologies Limited and Addi-Tec Limited. |
The maximum potential liability at 30 June 2018 was £8,036 (2017: no potential liability). |
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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 2018 was £2,106,491 (2017: £1,736,317). |
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It is the opinion of the director that these guarantees are unlikely to be called upon in the foreseeable future. |