2022-04-012023-03-312023-03-31false09892469SO WHAT SOLUTIONS 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SO WHAT SOLUTIONS LTD

Registered Number
09892469
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2023

SO WHAT SOLUTIONS LTD
Company Information
for the year from 1 April 2022 to 31 March 2023

Directors

JEFFERY, Fiona Jane
JEFFERY, Paul John

Registered Address

94 Candlemas Lane
Beaconsfield
HP9 1AE

Registered Number

09892469 (England and Wales)
SO WHAT SOLUTIONS LTD
Balance Sheet as at
31 March 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets530,71337,549
30,71337,549
Current assets
Debtors624,74528,748
Cash at bank and on hand339,993324,763
364,738353,511
Creditors amounts falling due within one year7(36,685)(56,639)
Net current assets (liabilities)328,053296,872
Total assets less current liabilities358,766334,421
Net assets358,766334,421
Capital and reserves
Called up share capital44
Profit and loss account358,762334,417
Shareholders' funds358,766334,421
The financial statements were approved and authorised for issue by the Board of Directors on 1 October 2023, and are signed on its behalf by:
JEFFERY, Paul John
Director
Registered Company No. 09892469
SO WHAT SOLUTIONS LTD
Notes to the Financial Statements
for the year ended 31 March 2023

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services.
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows: Motor Vehicles: 20% Reducing Balance Plant & Machinery ( Computer Equipment) 33% Reducing Balance

Reducing balance (%)
Plant and machinery33
Vehicles20
Intangible assets policy
Fixed Asset Investments are measured at the Fair Value bases on the valuations provided by the fundholders and any changes in the fait value are recognised in the profut and loss account.
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20232022
Average number of employees during the year33
5.Property, plant and equipment

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 2213,48353,78867,271
Additions1,909-1,909
At 31 March 2315,39253,78869,180
Depreciation and impairment
At 01 April 2210,19719,52529,722
Charge for year1,8946,8518,745
At 31 March 2312,09126,37638,467
Net book value
At 31 March 233,30127,41230,713
At 31 March 223,28634,26337,549
6.Debtors

2023

2022

££
Trade debtors / trade receivables24,11627,468
Other debtors-79
Prepayments and accrued income6291,201
Total24,74528,748
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
7.Creditors within one year

2023

2022

££
Trade creditors / trade payables96385
Bank borrowings and overdrafts112900
Taxation and social security17,26944,421
Other creditors17,4379,083
Accrued liabilities and deferred income1,7711,850
Total36,68556,639
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.