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REGISTERED NUMBER: 07527104 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2021

for

Strategic Sourcing Solved Ltd

Strategic Sourcing Solved Ltd (Registered number: 07527104)






Contents of the Financial Statements
for the Year Ended 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Strategic Sourcing Solved Ltd

Company Information
for the Year Ended 31 December 2021







DIRECTOR: S Fyffe





REGISTERED OFFICE: 76 St Johns Road
Tunbridge Wells
Kent
TN4 9PH





REGISTERED NUMBER: 07527104 (England and Wales)





ACCOUNTANTS: Figures Limited
76 St Johns Road
Tunbridge Wells
Kent
TN4 9PH

Strategic Sourcing Solved Ltd (Registered number: 07527104)

Balance Sheet
31 December 2021

31.12.21 31.12.20
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,125 4,166
Investments 5 114,995 114,995
118,120 119,161

CURRENT ASSETS
Debtors 6 79,502 88,888
Cash at bank 99 284
79,601 89,172
CREDITORS
Amounts falling due within one year 7 2,543 4,405
NET CURRENT ASSETS 77,058 84,767
TOTAL ASSETS LESS CURRENT
LIABILITIES

195,178

203,928

CAPITAL AND RESERVES
Called up share capital 201 201
Retained earnings 194,977 203,727
SHAREHOLDERS' FUNDS 195,178 203,928

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 applicable to companies subject to the small companies regime.

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 15 August 2022 and were signed by:





S Fyffe - Director


Strategic Sourcing Solved Ltd (Registered number: 07527104)

Notes to the Financial Statements
for the Year Ended 31 December 2021

1. STATUTORY INFORMATION

Strategic Sourcing Solved Ltd 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

Strategic Sourcing Solved Ltd (Registered number: 07527104)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 15,601
DEPRECIATION
At 1 January 2021 11,435
Charge for year 1,041
At 31 December 2021 12,476
NET BOOK VALUE
At 31 December 2021 3,125
At 31 December 2020 4,166

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2021
and 31 December 2021 114,995
NET BOOK VALUE
At 31 December 2021 114,995
At 31 December 2020 114,995

6. DEBTORS
31.12.21 31.12.20
£    £   
Amounts falling due within one year:
Other debtors 17,502 16,888

Amounts falling due after more than one year:
Other debtors 62,000 72,000

Aggregate amounts 79,502 88,888

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.21 31.12.20
£    £   
Trade creditors (1 ) -
Taxation and social security - 163
Other creditors 2,544 4,242
2,543 4,405

Strategic Sourcing Solved Ltd (Registered number: 07527104)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2021

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other debtors is an amount of £62,000 which relates to a loan to the Director. This has been made on commercial terms and interest is charged at 2.5% per annum on the outstanding balance.The interest received in the year was £1,550.00.