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REGISTERED NUMBER: 07262091 (England and Wales)















KIRBY SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






KIRBY SOLUTIONS LIMITED (REGISTERED NUMBER: 07262091)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


KIRBY SOLUTIONS LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTORS: Mr D J Kirby
Mrs T Kirby





REGISTERED OFFICE: 5 Tudor Way
Cheslyn Hay
Walsall
Staffordshire
WS6 7LN





REGISTERED NUMBER: 07262091 (England and Wales)





ACCOUNTANTS: Wallace Crooke Ltd
Wallace House
20 Birmingham Road
Walsall
West Midlands
WS1 2LT

KIRBY SOLUTIONS LIMITED (REGISTERED NUMBER: 07262091)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 438 515
Investment property 5 363,833 368,781
364,271 369,296

CURRENT ASSETS
Debtors 6 95 113
Cash at bank 179,806 195,169
179,901 195,282
CREDITORS
Amounts falling due within one year 7 16,400 60,127
NET CURRENT ASSETS 163,501 135,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

527,772

504,451

PROVISIONS FOR LIABILITIES 8 38,475 28,543
NET ASSETS 489,297 475,908

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 489,296 475,907
SHAREHOLDERS' FUNDS 489,297 475,908

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

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

KIRBY SOLUTIONS LIMITED (REGISTERED NUMBER: 07262091)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 November 2023 and were signed on its behalf by:





Mr D J Kirby - Director


KIRBY SOLUTIONS LIMITED (REGISTERED NUMBER: 07262091)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

Kirby 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 as modified by the revaluation of certain assets.

The company's financial statements are individual entity financial statements.

The company's financial statements are presented in Sterling and all values are rounded to the nearest pound.

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.
Computer equipment - 15% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

KIRBY SOLUTIONS LIMITED (REGISTERED NUMBER: 07262091)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 June 2022
and 31 May 2023 1,368
DEPRECIATION
At 1 June 2022 853
Charge for year 77
At 31 May 2023 930
NET BOOK VALUE
At 31 May 2023 438
At 31 May 2022 515

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 368,781
Revaluations (4,948 )
At 31 May 2023 363,833
NET BOOK VALUE
At 31 May 2023 363,833
At 31 May 2022 368,781

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2019 48,553
Valuation in 2020 13,046
Valuation in 2021 50,360
Valuation in 2022 37,741
Valuation in 2023 (4,948 )
Cost 219,081
363,833

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 219,081 219,081

Investment property was valued on an open market basis on 31 May 2023 by the director Mr D Kirby .

KIRBY SOLUTIONS LIMITED (REGISTERED NUMBER: 07262091)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 95 113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 6,649 38,052
Other creditors 9,751 22,075
16,400 60,127

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 38,475 28,543

Deferred
tax
£   
Balance at 1 June 2022 28,543
Provided during year 9,932
Balance at 31 May 2023 38,475

9. CALLED UP SHARE CAPITAL

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