REGISTERED NUMBER: |
Solupak Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
REGISTERED NUMBER: |
Solupak Limited |
Unaudited Financial Statements |
for the Year Ended 31 December 2022 |
Solupak Limited (Registered number: 03586037) |
Contents of the Financial Statements |
for the Year Ended 31 December 2022 |
Page |
Company information | 1 |
Balance sheet | 2 |
Notes to the financial statements | 4 |
Solupak Limited |
Company Information |
for the Year Ended 31 December 2022 |
Director: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Chartered Accountants |
Mynshull House |
78 Churchgate |
Stockport |
Cheshire |
SK1 1YJ |
Solupak Limited (Registered number: 03586037) |
Balance Sheet |
31 December 2022 |
31.12.22 | 31.12.21 |
Notes | £ | £ |
Fixed assets |
Tangible assets | 4 |
Current assets |
Stocks |
Debtors | 5 |
Cash at bank and in hand |
Creditors |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
Net current (liabilities)/assets | ( |
) |
Total assets less current liabilities |
Creditors |
Amounts falling due after more than one year |
7 |
( |
) |
( |
) |
Net (liabilities)/assets | ( |
) |
Capital and reserves |
Called up share capital |
Retained earnings | ( |
) |
Shareholders' funds | ( |
) |
The director acknowledges his 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. |
Solupak Limited (Registered number: 03586037) |
Balance Sheet - continued |
31 December 2022 |
In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Solupak Limited (Registered number: 03586037) |
Notes to the Financial Statements |
for the Year Ended 31 December 2022 |
1. | Statutory information |
Solupak Limited is a |
2. | Accounting policies |
Basis of preparing the financial statements |
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. |
Turnover is recognised at the point of sale at which the goods are despatched. |
Tangible fixed assets |
Plant and machinery etc | - |
Tangible fixed assets are reviewed for impairments in periods if events or changes in circumstances indicate that the carrying value may not be recoverable. |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
3. | Employees and directors |
The average number of employees during the year was |
Solupak Limited (Registered number: 03586037) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
4. | Tangible fixed assets |
Plant and |
machinery |
etc |
£ |
Cost |
At 1 January 2022 |
Additions |
At 31 December 2022 |
Depreciation |
At 1 January 2022 |
Charge for year |
At 31 December 2022 |
Net book value |
At 31 December 2022 |
At 31 December 2021 |
5. | Debtors: amounts falling due within one year |
31.12.22 | 31.12.21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | Creditors: amounts falling due within one year |
31.12.22 | 31.12.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Solupak Limited (Registered number: 03586037) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2022 |
7. | Creditors: amounts falling due after more than one year |
31.12.22 | 31.12.21 |
£ | £ |
Bank loans |
8. | Secured debts |
The following secured debts are included within creditors: |
31.12.22 | 31.12.21 |
£ | £ |
Bank overdraft |
Other creditors | 152,234 | 107,694 |
Other creditors are secured by a fixed and floating charge on the assets of the company. |
9. | Contingent liabilities |
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 31 December 2021 and 2022. |
The company has also given an unlimited guarantee in respect of other borrowings of those companies. The maximum potential liability at 31 December 2022 was £298,625 (2021: £57,535). |
It is the opinion of the director that these guarantees are unlikely to be called upon in the foreseeable future. |