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REGISTERED NUMBER: 08294467 (England and Wales)








Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Cellanet Solutions Ltd

Cellanet Solutions Ltd (Registered number: 08294467)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Cellanet Solutions Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTORS: Mr P Creelman
Mrs J Creelman





REGISTERED OFFICE: 22-26 Nottingham Road
Stapleford
Nottingham
Nottinghamshire
NG9 8AA





REGISTERED NUMBER: 08294467 (England and Wales)





ACCOUNTANTS: Haines Watts
Cliffe Hill House
22-26 Nottingham Road
Stapleford
Nottingham
NG9 8AA

Cellanet Solutions Ltd (Registered number: 08294467)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,162 28,997

CURRENT ASSETS
Debtors 5 124,246 139,558
Cash at bank and in hand 650,361 514,188
774,607 653,746
CREDITORS
Amounts falling due within one year 6 115,181 69,310
NET CURRENT ASSETS 659,426 584,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

716,588

613,433

PROVISIONS FOR LIABILITIES 10,861 5,510
NET ASSETS 705,727 607,923

CAPITAL AND RESERVES
Called up share capital 7 20 20
Retained earnings 705,707 607,903
SHAREHOLDERS' FUNDS 705,727 607,923

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Cellanet Solutions Ltd (Registered number: 08294467)

Balance Sheet - continued
31 March 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 October 2023 and were signed on its behalf by:





Mr P Creelman - Director


Cellanet Solutions Ltd (Registered number: 08294467)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Cellanet Solutions 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.

The accounts have been prepared on a going concern basis, this basis is subject to the continued support of the Director.

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 cost and 25% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

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 2 (2022 - 1 ) .

Cellanet Solutions Ltd (Registered number: 08294467)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 106,242
Additions 48,011
Disposals (48,529 )
At 31 March 2023 105,724
DEPRECIATION
At 1 April 2022 77,245
Charge for year 19,846
Eliminated on disposal (48,529 )
At 31 March 2023 48,562
NET BOOK VALUE
At 31 March 2023 57,162
At 31 March 2022 28,997

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors - 123
Other debtors 124,246 139,435
124,246 139,558

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 56,555 942
Taxation and social security 35,060 52,940
Other creditors 23,566 15,428
115,181 69,310

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
10 Ordinary A £1 10 10
10 Ordinary B 1 10 10
20 20

Cellanet Solutions Ltd (Registered number: 08294467)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
Mr P Creelman and Mrs J Creelman
Balance outstanding at start of year 13,326 3,111
Amounts advanced 211,072 237,810
Amounts repaid (204,011 ) (227,595 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,387 13,326

9. RELATED PARTY DISCLOSURES

Cellanet Solutions Ltd has issued a loan to Ejc Property Ltd. Both companies are under common control. The amount owed to Cellanet Solutions Ltd at 31 March 2023 is £97,000 (2022: £97,000). The loan is repayable on demand.