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REGISTERED NUMBER: 11980004 (England and Wales)









SEVERN VIEW SOLUTIONS LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023






SEVERN VIEW SOLUTIONS LTD (REGISTERED NUMBER: 11980004)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3 to 4


SEVERN VIEW SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: Mr R J Lock
Mrs S Lee





REGISTERED OFFICE: 31 St John's
Worcester
Worcestershire
WR2 5AG





BUSINESS ADDRESS: 60 Brookside Road
Worcester
Worcestershire
WR2 5PS





REGISTERED NUMBER: 11980004 (England and Wales)





ACCOUNTANTS: Gardiner Fosh
Chartered Accountants
31 St John's
Worcester
Worcestershire
WR2 5AG

SEVERN VIEW SOLUTIONS LTD (REGISTERED NUMBER: 11980004)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -

CURRENT ASSETS
Stocks 24,900 34,800
Debtors 5 6,651 9,118
Cash at bank 30,588 19,126
62,139 63,044
CREDITORS
Amounts falling due within one year 6 15,070 21,499
NET CURRENT ASSETS 47,069 41,545
TOTAL ASSETS LESS CURRENT LIABILITIES 47,069 41,545

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 46,969 41,445
SHAREHOLDERS' FUNDS 47,069 41,545

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.

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 14 February 2024 and were signed on its behalf by:





Mr R J Lock - Director


SEVERN VIEW SOLUTIONS LTD (REGISTERED NUMBER: 11980004)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Severn View 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.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 NIL (2022 - NIL).

SEVERN VIEW SOLUTIONS LTD (REGISTERED NUMBER: 11980004)

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 937
DEPRECIATION
At 1 June 2022
and 31 May 2023 937
NET BOOK VALUE
At 31 May 2023 -
At 31 May 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 6,651 6,202
Other debtors - 2,916
6,651 9,118

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 288
Taxation and social security 12,664 11,414
Other creditors 2,406 9,797
15,070 21,499

7. RELATED PARTY DISCLOSURES

Included within other creditors is an amount due to the directors of £1,346 (2022 - £7,900) which is repayable on demand and on which interest is payable at 10% per annum.