Solent Managements Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 07685369 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2018

for

Solent Managements Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr C J Atkinson

SECRETARY:

REGISTERED OFFICE:

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

REGISTERED NUMBER:

07685369 (England and Wales)

ACCOUNTANTS:

Allegri & Co.

16c Sandown Road

Lake

Isle of Wight

PO36 9JP

FIXED ASSETS

Tangible assets

4

2,765

3,485

CURRENT ASSETS

Debtors

5

37,657

22,352

Cash at bank

4,823

30,726

42,480

53,078

CREDITORS

Amounts falling due within one year

6

40,413

19,395

NET CURRENT ASSETS

2,067

33,683

TOTAL ASSETS LESS CURRENT LIABILITIES

4,832

37,168

CAPITAL AND RESERVES

Called up share capital

102

102

Retained earnings

4,730

37,066

SHAREHOLDERS' FUNDS

4,832

37,168

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 10 December 2018 and were signed by:

Mr C J Atkinson - Director

1.	STATUTORY INFORMATION

Solent Managements Limited is a private company, limited by shares , registered in England and Wales. The company's

registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Plant and machinery etc

-

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2017 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2017

and 31 March 2018

5,021

DEPRECIATION

At 1 April 2017

1,536

Charge for year

720

At 31 March 2018

2,256

NET BOOK VALUE

At 31 March 2018

2,765

At 31 March 2017

3,485

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Other debtors

37,657

22,352

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.18

31.3.17

£

£

Taxation and social security

7,486

13,727

Other creditors

32,927

5,668

40,413

19,395

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2018 and 31 March 2017:

31.3.18

31.3.17

£

£

Mr C J Atkinson

Balance outstanding at start of year

19,964

45,558

Amounts advanced

13,777

56,102

Amounts repaid

(34,000

)

(81,696

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(259

)

19,964