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REGISTERED NUMBER: 05308402 (England and Wales)













BULLSEYE SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2022






BULLSEYE SOLUTIONS LIMITED (REGISTERED NUMBER: 05308402)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


BULLSEYE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2022







DIRECTOR: W. Kelly





SECRETARY: Mrs E L Haynes





REGISTERED OFFICE: 255 Green Lanes
Palmers Green
London
N13 4XE





REGISTERED NUMBER: 05308402 (England and Wales)





ACCOUNTANTS: John Crook & Partners
Chartered Accountants
255 Green Lanes
Palmers Green
London
N13 4XE

BULLSEYE SOLUTIONS LIMITED (REGISTERED NUMBER: 05308402)

BALANCE SHEET
30 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,890 76,839

CURRENT ASSETS
Debtors 5 30,001 -
Cash at bank 43,984 25,050
73,985 25,050
CREDITORS
Amounts falling due within one year 6 36,846 25,822
NET CURRENT ASSETS/(LIABILITIES) 37,139 (772 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,029

76,067

CREDITORS
Amounts falling due after more than one
year

7

(21,333

)

(29,333

)

PROVISIONS FOR LIABILITIES 8 (2,639 ) (14,599 )
NET ASSETS 27,057 32,135

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 26,957 32,035
SHAREHOLDERS' FUNDS 27,057 32,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2022 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.

BULLSEYE SOLUTIONS LIMITED (REGISTERED NUMBER: 05308402)

BALANCE SHEET - continued
30 DECEMBER 2022


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 February 2024 and were signed by:





W. Kelly - Director


BULLSEYE SOLUTIONS LIMITED (REGISTERED NUMBER: 05308402)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2022

1. STATUTORY INFORMATION

Bullseye 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.

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.
Fixtures and fittings - 10% on cost
Computer software - 10% on cost

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

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2021 - 4 ) .

BULLSEYE SOLUTIONS LIMITED (REGISTERED NUMBER: 05308402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings software Totals
£    £    £   
COST
At 31 December 2021 17,080 87,062 104,142
Additions 13,890 - 13,890
Impairments (17,080 ) (87,062 ) (104,142 )
At 30 December 2022 13,890 - 13,890
DEPRECIATION
At 31 December 2021 1,464 25,839 27,303
Impairments (1,464 ) (25,839 ) (27,303 )
At 30 December 2022 - - -
NET BOOK VALUE
At 30 December 2022 13,890 - 13,890
At 30 December 2021 15,616 61,223 76,839

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Due from holding company 30,001 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Social security and other taxes 13,016 6,578
Value added tax 9,909 3,783
Other creditors 5,921 7,461
Bank loan 8,000 8,000
36,846 25,822

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 8,000 8,000
Bank loans - 2-5 years 13,333 21,333
21,333 29,333

8. PROVISIONS FOR LIABILITIES
2022 2021
£    £   
Deferred tax
Accelerated capital allowances 2,639 14,599

BULLSEYE SOLUTIONS LIMITED (REGISTERED NUMBER: 05308402)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2022

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 31 December 2021 14,599
Provided during year (11,960 )
Tax deferred by capital
allowances
Balance at 30 December 2022 2,639

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2022 2021
value: £    £   
100 Ordinary £1 100 100

10. ULTIMATE CONTROLLING PARTY

The controlling party is Bullseye Holdings Limited.