Registered number
05443142
Statistical Solutions Limited
Filleted Accounts
31 March 2023
Statistical Solutions Limited
Registered number: 05443142
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 1,146 1,696
Tangible assets 4 7,416 6,858
8,562 8,554
Current assets
Debtors 5 54,502 70,932
Cash at bank and in hand 12,481 10,699
66,983 81,631
Creditors: amounts falling due within one year 6 (42,105) (48,371)
Net current assets 24,878 33,260
Total assets less current liabilities 33,440 41,814
Provisions for liabilities (1,409) (1,303)
Net assets 32,031 40,511
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 31,031 39,511
Shareholders' funds 32,031 40,511
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
David Edmund Wright
Director
Approved by the board on 30 September 2023
Statistical Solutions Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Turnover
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 sale of goods and from the rendering of services. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% on a Reducing Balance basis
Motor Vehicles 25% on a Reducing Balance basis
Fixtures, fittings, tools and equipment over 5 years
Debtors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2022 11,000
At 31 March 2023 11,000
Amortisation
At 1 April 2022 9,304
Provided during the year 550
At 31 March 2023 9,854
Net book value
At 31 March 2023 1,146
At 31 March 2022 1,696
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 16,028 3,600 19,628
Additions 2,581 - 2,581
At 31 March 2023 18,609 3,600 22,209
Depreciation
At 1 April 2022 11,870 900 12,770
Charge for the year 1,348 675 2,023
At 31 March 2023 13,218 1,575 14,793
Net book value
At 31 March 2023 5,391 2,025 7,416
At 31 March 2022 4,158 2,700 6,858
5 Debtors 2023 2022
£ £
Trade debtors - 70,932
Other debtors 54,502 -
54,502 70,932
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 7,498 15,243
Other creditors 34,607 33,128
42,105 48,371
7 Other information
Statistical Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Broghas Cottage
Quay Road
St Agnes
Cornwall
TR5 0RS
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