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REGISTERED NUMBER: 04375277 (England and Wales)















Unaudited Financial Statements

for the Year Ended 28 February 2023

for

Straightforward Solutions Ltd

Straightforward Solutions Ltd (Registered number: 04375277)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Straightforward Solutions Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: J Heeler





SECRETARY: B Heeler





REGISTERED OFFICE: The Old Byre
Packington Hayes
Lichfield
Staffordshire
WS14 9PN





REGISTERED NUMBER: 04375277 (England and Wales)





ACCOUNTANTS: Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Straightforward Solutions Ltd (Registered number: 04375277)

Balance Sheet
28 February 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 6,055 5,962

CURRENT ASSETS
Debtors 5 19,739 37,199
Cash at bank 79,978 49,623
99,717 86,822
CREDITORS
Amounts falling due within one year 6 (34,903 ) (26,846 )
NET CURRENT ASSETS 64,814 59,976
TOTAL ASSETS LESS CURRENT
LIABILITIES

70,869

65,938

CREDITORS
Amounts falling due after more than one
year

7

(38,886

)

(47,648

)
NET ASSETS 31,983 18,290

CAPITAL AND RESERVES
Called up share capital 8 230 230
Retained earnings 9 31,753 18,060
SHAREHOLDERS' FUNDS 31,983 18,290

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Straightforward Solutions Ltd (Registered number: 04375277)

Balance Sheet - continued
28 February 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 March 2023 and were signed by:





J Heeler - Director


Straightforward Solutions Ltd (Registered number: 04375277)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Straightforward 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 etc - 33% on cost and 15% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 - 4 ) .

Straightforward Solutions Ltd (Registered number: 04375277)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2022 31,315
Additions 2,400
At 28 February 2023 33,715
DEPRECIATION
At 1 March 2022 25,353
Charge for year 2,307
At 28 February 2023 27,660
NET BOOK VALUE
At 28 February 2023 6,055
At 28 February 2022 5,962

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 19,032 36,942
Other debtors 707 257
19,739 37,199

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 8,927 6,259
Taxation and social security 23,955 19,639
Other creditors 2,021 948
34,903 26,846

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 38,886 47,648

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 200 200
30 Ordinary B £1 30 30
230 230

Straightforward Solutions Ltd (Registered number: 04375277)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

9. RESERVES
Retained
earnings
£   

At 1 March 2022 18,060
Profit for the year 76,709
Dividends (63,016 )
At 28 February 2023 31,753

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Straightforward Solutions Ltd

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Straightforward Solutions Ltd for the year ended 28 February 2023 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Straightforward Solutions Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Straightforward Solutions Ltd and state those matters that we have agreed to state to the director of Straightforward Solutions Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Straightforward Solutions Ltd and its director for our work or for this report.

It is your duty to ensure that Straightforward Solutions Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Straightforward Solutions Ltd. You consider that Straightforward Solutions Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Straightforward Solutions Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Tomkinson Teal Limited
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


28 March 2023