Company registration number 04341656 (England and Wales)
STI-SOLUTIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
STI-SOLUTIONS LIMITED
COMPANY INFORMATION
Directors
L Milner
J Hobbs
Secretary
L Milner
Company number
04341656
Registered office
Second Floor
3 Liverpool Gardens
Worthing
West Sussex
BN11 1TF
Accountants
PHH Accountancy Ltd
Second Floor
3 Liverpool Gardens
Worthing
West Sussex
BN11 1TF
Business address
166 Goring Road
Goring by Sea
WORTHING
BN12 4PH
STI-SOLUTIONS LIMITED
CONTENTS
Page
Directors' report
1
Accountants' report
2
Profit and loss account
3
Balance sheet and notes to the financial statements
4 - 5
STI-SOLUTIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2023
- 1 -

The directors present their annual report and financial statements for the year ended 31 March 2023.

Principal activities

The principal activity of the company continued to be that of IT consultancy and maintenance.

Directors

The directors who held office during the year and up to the date of signature of the financial statements were as follows:

L Milner
J Hobbs

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies' exemption.

On behalf of the board
L Milner
J Hobbs
Director
Director
21 November 2023
STI-SOLUTIONS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF STI-SOLUTIONS LIMITED FOR THE YEAR ENDED 31 MARCH 2023
- 2 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of STI-Solutions Limited for the year ended 31 March 2023, which comprise the profit and loss account and the balance sheet, 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 at https://www.icaew.com/regulation.

This report is made solely to the board of directors of STI-Solutions Limited, as a body, in accordance with the terms of our engagement letter dated 17 May 2021. Our work has been undertaken solely to prepare for your approval the financial statements of STI-Solutions Limited and state those matters that we have agreed to state to the board of directors of STI-Solutions Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than STI-Solutions Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that STI-Solutions Limited has kept adequate accounting records and to prepare statutory financial statements that comply with the requirements of the Companies Act 2006. You consider that STI-Solutions Limited 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 STI-Solutions Limited. 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.

PHH Accountancy Ltd
21 November 2023
Chartered Accountants
Second Floor
3 Liverpool Gardens
Worthing
West Sussex
BN11 1TF
STI-SOLUTIONS LIMITED
PROFIT AND LOSS ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
2023
2022
£
£
Turnover
43,203
113,077
Other income
12
1,601
Cost of raw materials and consumables
(23,137)
(46,870)
Staff costs
-
0
(18,500)
Depreciation and other amounts written off assets
(1,438)
(1,825)
Other charges
(16,801)
(21,345)
Tax
(868)
(5,323)
Profit
971
20,815
STI-SOLUTIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 4 -
2023
2022
£
£
£
£
Fixed assets
4,657
5,472
Current assets
40,413
39,317
Creditors: amounts falling due within one year
(20,370)
(21,060)
Net current assets
20,043
18,257
Total assets less current liabilities
24,700
23,729
Net assets
24,700
23,729
Capital and reserves
24,700
23,729
Notes to the financial statements
1
Employees

The average number of persons, including directors, employed by the company during the year was as follows:

2023
2022
Number
Number
Employees
1
3

STI-Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is Second Floor, 3 Liverpool Gardens, Worthing, West Sussex, BN11 1TF.

For the year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the micro-entity provisions and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime' and the provisions applicable to companies subject to the small companies regime.

STI-SOLUTIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 5 -
The financial statements were approved by the board of directors and authorised for issue on 21 November 2023 and are signed on its behalf by:
L  Milner
J Hobbs
Director
Director
Company registration number 04341656 (England and Wales)
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