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REGISTERED NUMBER: 03507680 (England and Wales)

















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2023

FOR

SOLOMON CONSULTING LIMITED

SOLOMON CONSULTING LIMITED (REGISTERED NUMBER: 03507680)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


SOLOMON CONSULTING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2023







DIRECTOR: Dr R Hall





REGISTERED OFFICE: Room 6, Gloucester Farmers Ltd
Agriculture House, Greville Close
Sandhurst Lane
Gloucester
Gloucestershire
GL2 9RG





REGISTERED NUMBER: 03507680 (England and Wales)

SOLOMON CONSULTING LIMITED (REGISTERED NUMBER: 03507680)

STATEMENT OF FINANCIAL POSITION
30 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 352 1,186

CURRENT ASSETS
Debtors 5 100,617 86,883
Cash at bank 14,134 7,198
114,751 94,081
CREDITORS
Amounts falling due within one year 6 80,570 83,653
NET CURRENT ASSETS 34,181 10,428
TOTAL ASSETS LESS CURRENT
LIABILITIES

34,533

11,614

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 34,531 11,612
SHAREHOLDERS' FUNDS 34,533 11,614

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2023.

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

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 18 March 2024 and were signed by:





Dr R Hall - Director


SOLOMON CONSULTING LIMITED (REGISTERED NUMBER: 03507680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1. STATUTORY INFORMATION

Solomon Consulting 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 represents the value of services supplied, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 20% on reducing balance
Computer equipment - 33% 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Going concern basis of accounting
The financial statements have been prepared on the going concern basis of accounting on the assumption that the director, Dr R Hall, will repay the amount of £56,629 that he owes to the company.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

SOLOMON CONSULTING LIMITED (REGISTERED NUMBER: 03507680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Office Computer
Equipment equipment Totals
£    £    £   
COST
At 31 December 2022
and 30 December 2023 716 15,360 16,076
DEPRECIATION
At 31 December 2022 612 14,278 14,890
Charge for year 21 813 834
At 30 December 2023 633 15,091 15,724
NET BOOK VALUE
At 30 December 2023 83 269 352
At 30 December 2022 104 1,082 1,186

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 24,400 12,800
Other debtors 76,217 74,083
100,617 86,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,088 -
Taxation and social security 74,232 82,523
Other creditors 1,250 1,130
80,570 83,653

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 December 2023 and 30 December 2022:

2023 2022
£    £   
Dr R Hall
Balance outstanding at start of year 57,588 52,191
Amounts advanced 311 5,397
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 57,899 57,588