Registered number
09947952
Defalley Solutions Ltd
Filleted Accounts
for the year ended 31 January 2023
Defalley Solutions Ltd
Registered number: 09947952
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 13,123 11,484
Current assets
Debtors 4 33,500 18,500
Cash at bank and in hand 1,143 35,253
34,643 53,753
Creditors: amounts falling due within one year 5 (6,491) (64,320)
Net current assets/(liabilities) 28,152 (10,567)
Total assets less current liabilities 41,275 917
Creditors: amounts falling due after more than one year 6 (37,577) -
Provisions for liabilities (581) (785)
Net assets 3,117 132
Capital and reserves
Called up share capital 2 2
Profit and loss account 3,115 130
Shareholder's funds 3,117 132
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Kerrykume Igwebuike Enebeli
Director
Approved by the board on 25 October 2023
Defalley Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 rendering of services.
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:
Furniture,fixture & equipment 20% reducing balance
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Furniture,fixture & equipment
£
Cost
At 1 February 2022 20,160
Additions 4,920
At 31 January 2023 25,080
Depreciation
At 1 February 2022 8,676
Charge for the year 3,281
At 31 January 2023 11,957
Net book value
At 31 January 2023 13,123
At 31 January 2022 11,484
4 Debtors 2023 2022
£ £
Other debtors 33,500 18,500
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 48,225
Taxation and social security costs 12,598 15,177
Other creditors (6,107) 918
6,491 64,320
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 37,577 -
7 Other information
Defalley Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Barcote Close
Swindon
SN25 2BJ
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