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REGISTERED NUMBER: 12077643 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2023

FOR

SEEKING SOLUTIONS LTD

SEEKING SOLUTIONS LTD (REGISTERED NUMBER: 12077643)

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










Page

Balance sheet 1

Notes to the financial statements 2


SEEKING SOLUTIONS LTD (REGISTERED NUMBER: 12077643)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,030 1,207

Current assets
Debtors 5 112,112 11,199
Cash at bank 74,092 45,679
186,204 56,878
Creditors
Amounts falling due within one year 6 62,378 18,669
Net current assets 123,826 38,209
Total assets less current liabilities 124,856 39,416

Provisions for liabilities 8 258 98
Net assets 124,598 39,318

Capital and reserves
Called up share capital 9 4 4
Retained earnings 124,594 39,314
Shareholders' funds 124,598 39,318

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Statement of comprehensive income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2024 and were signed on its behalf by:





Mr N P McRobb - Director


SEEKING SOLUTIONS LTD (REGISTERED NUMBER: 12077643)

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


1. Statutory information

Seeking Solutions Ltd is a private company, limited by shares, registered in England and Wales. The company's registered number is 12077643. The registered office is 7 & 8 Church Street, Wimborne, Dorset, BH21 1JH and business address is 3 Thorn Close, Marden Thorn, Tonbridge, Kent, TN12 9GU.

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 represents amounts receivable in respect of services provided in the ordinary course of business. Turnover is recognised when the service has been provided to the customer.

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 - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 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.

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.

Financial instruments
Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3. Employees and directors

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

SEEKING SOLUTIONS LTD (REGISTERED NUMBER: 12077643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


4. Tangible fixed assets
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 August 2022 284 2,305 2,589
Additions 167 - 167
At 31 July 2023 451 2,305 2,756
Depreciation
At 1 August 2022 164 1,218 1,382
Charge for year 72 272 344
At 31 July 2023 236 1,490 1,726
Net book value
At 31 July 2023 215 815 1,030
At 31 July 2022 120 1,087 1,207

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 111,960 11,051
Prepayments 152 148
112,112 11,199

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 1,055 3,505
Tax 27,148 6,788
VAT 22,029 5,183
Other creditors 1,207 374
Directors' current accounts 831 807
Accruals and deferred income 10,108 2,012
62,378 18,669

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 6,640 3,817
Between one and five years 12,173 -
18,813 3,817

SEEKING SOLUTIONS LTD (REGISTERED NUMBER: 12077643)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023


8. Provisions for liabilities
2023 2022
£    £   
Deferred tax 258 98

Deferred
tax
£   
Balance at 1 August 2022 98
Provided during year 160
Balance at 31 July 2023 258

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1 Ordinary A £1 1 1
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
1 Ordinary D £1 1 1
4 4

10. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 July 2023 and 31 July 2022:

2023 2022
£    £   
Mr N P McRobb
Balance outstanding at start of year - 3,192
Amounts advanced - 49,988
Amounts repaid - (53,180 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

11. Ultimate controlling party

The Company is under the control of the Directors by virtue of their combined 100% holding of the issued voting share capital of the Company.