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REGISTERED NUMBER: 07696900 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Celeritas Solutions Limited

Celeritas Solutions Limited (Registered number: 07696900)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Celeritas Solutions Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: P J Stirling
Mrs S Stirling





REGISTERED OFFICE: Unit 7 Hemingway Centre
Brunel Way
Thornbury
Bristol
BS35 3UR





REGISTERED NUMBER: 07696900 (England and Wales)





ACCOUNTANTS: King Watkins Ltd
The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ

Celeritas Solutions Limited (Registered number: 07696900)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 91,686 60,892
91,686 60,892

CURRENT ASSETS
Stocks 6 31,086 31,086
Debtors 7 604,760 479,457
Cash at bank 12,925 6,248
648,771 516,791
CREDITORS
Amounts falling due within one year 8 565,216 329,715
NET CURRENT ASSETS 83,555 187,076
TOTAL ASSETS LESS CURRENT LIABILITIES 175,241 247,968

CREDITORS
Amounts falling due after more than one year 9 186,014 258,857
NET LIABILITIES (10,773 ) (10,889 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (10,873 ) (10,989 )
SHAREHOLDERS' FUNDS (10,773 ) (10,889 )

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 Income Statement 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:





P J Stirling - Director


Celeritas Solutions Limited (Registered number: 07696900)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Celeritas 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2013, is being amortised evenly over its estimated useful life of four years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 15 ) .

Celeritas Solutions Limited (Registered number: 07696900)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 4,000
AMORTISATION
At 1 August 2022
and 31 July 2023 4,000
NET BOOK VALUE
At 31 July 2023 -
At 31 July 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2022 62,375 34,346 8,513 105,234
Additions 48,822 8,359 4,300 61,481
At 31 July 2023 111,197 42,705 12,813 166,715
DEPRECIATION
At 1 August 2022 19,196 19,245 5,901 44,342
Charge for year 23,000 5,864 1,823 30,687
At 31 July 2023 42,196 25,109 7,724 75,029
NET BOOK VALUE
At 31 July 2023 69,001 17,596 5,089 91,686
At 31 July 2022 43,179 15,101 2,612 60,892

6. STOCKS
31.7.23 31.7.22
£    £   
Stocks 31,086 31,086

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 335,105 278,573
Amounts recoverable on contract 155,806 121,806
Other debtors 4,600 5,500
VAT 7,208 -
Prepayments 102,041 73,578
604,760 479,457

Celeritas Solutions Limited (Registered number: 07696900)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 84,342 -
Trade creditors 453,976 295,237
Social security and other taxes (47 ) 8,170
VAT - 20,178
Other creditors 10,945 2,898
Directors' current accounts 15,000 2,232
Accrued expenses 1,000 1,000
565,216 329,715

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans - 2-5 years 163,368 237,019
Hire purchase contracts 22,646 21,838
186,014 258,857

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st July 2023, the company owed Mr P Stirling £15,000.

11. ULTIMATE CONTROLLING PARTY

During the year under review, the company was under the control of Mr B Chater and Mr P Stirling.