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Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Handy Service Solutions Limited

Handy Service Solutions Limited (Registered number: 06783687)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Handy Service Solutions Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: P Waller
Mrs A Petrozzi





REGISTERED OFFICE: 8-10 South Street
Epsom
Surrey
KT18 7PF





REGISTERED NUMBER: 06783687 (England and Wales)





ACCOUNTANTS: Williams & Co Epsom LLP
Chartered Accountants
8-10 South Street
Epsom
Surrey
KT18 7PF

Handy Service Solutions Limited (Registered number: 06783687)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,136 2,044

CURRENT ASSETS
Debtors 5 29,452 23,095
Cash at bank 21,546 12,738
50,998 35,833
CREDITORS
Amounts falling due within one year 6 47,324 32,996
NET CURRENT ASSETS 3,674 2,837
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,810

4,881

PROVISIONS FOR LIABILITIES 216 388
NET ASSETS 4,594 4,493

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 4,494 4,393
SHAREHOLDERS' FUNDS 4,594 4,493

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

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 16 October 2023 and were signed on its behalf by:





P Waller - Director


Handy Service Solutions Limited (Registered number: 06783687)

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


1. STATUTORY INFORMATION

Handy Service Solutions 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 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.

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 - 20% on reducing balance
Computer equipment - Straight line over 3 years

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 3 (2022 - 3 ) .

Handy Service Solutions Limited (Registered number: 06783687)

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


4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 February 2022
and 31 January 2023 7,114 6,298 13,412
DEPRECIATION
At 1 February 2022 6,343 5,025 11,368
Charge for year 222 686 908
At 31 January 2023 6,565 5,711 12,276
NET BOOK VALUE
At 31 January 2023 549 587 1,136
At 31 January 2022 771 1,273 2,044

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,560 9,648
Directors' current accounts 17,575 -
Accrued income 4,418 11,328
Prepayments 899 2,119
29,452 23,095

The directors loan was repaid after date.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 2,094 1,221
Tax 2,652 2,177
Social security and other taxes 1,796 5,302
Net wages due 402 1,230
VAT 9,079 7,109
Directors' current accounts 12,679 9,090
Accrued expenses 18,622 6,867
47,324 32,996

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. ULTIMATE CONTROLLING PARTY

The Directors deem that there is no one controlling party.