Company Registration No. SC742594 (Scotland)
S9 Business Solutions Ltd
Unaudited accounts
for the period from 26 August 2022 to 25 February 2024
S9 Business Solutions Ltd
Unaudited accounts
Contents
S9 Business Solutions Ltd
Company Information
for the period from 26 August 2022 to 25 February 2024
Company Number
SC742594 (Scotland)
Registered Office
Red Tree Magenta Business Suites
C/O Calculo Ltd
270 Glasgow Road
G73 1UZ
GB
Accountants
Calculo Ltd
Red Tree Magenta
270 Glasgow Road
Glasgow
G73 1SA
S9 Business Solutions Ltd
Statement of financial position
as at 25 February 2024
Cash at bank and in hand
18
Creditors: amounts falling due within one year
(329,657)
Net current liabilities
(66,921)
Total assets less current liabilities
61,001
Creditors: amounts falling due after more than one year
(107,310)
Provisions for liabilities
Revaluation reserve
71,426
Profit and loss account
(135,592)
Shareholders' funds
(64,165)
For the period ending 25 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 3 April 2024 and were signed on its behalf by
Gordon Crawford
Director
Company Registration No. SC742594
S9 Business Solutions Ltd
Notes to the Accounts
for the period from 26 August 2022 to 25 February 2024
S9 Business Solutions Ltd is a private company, limited by shares, registered in Scotland, registration number SC742594. The registered office is Red Tree Magenta Business Suites, C/O Calculo Ltd, 270 Glasgow Road, G73 1UZ, GB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
20% reducing balance
Computer equipment
20% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
S9 Business Solutions Ltd
Notes to the Accounts
for the period from 26 August 2022 to 25 February 2024
4
Intangible fixed assets
Other
At 25 February 2024
79,759
Charge for the period
5,982
At 25 February 2024
73,777
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
Additions
58,108
2,640
60,748
At 25 February 2024
58,108
2,640
60,748
Charge for the period
5,811
792
6,603
At 25 February 2024
5,811
792
6,603
At 25 February 2024
52,297
1,848
54,145
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
Taxes and social security
11,653
S9 Business Solutions Ltd
Notes to the Accounts
for the period from 26 August 2022 to 25 February 2024
8
Creditors: amounts falling due after more than one year
2024
Loans from directors
107,310
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
10
Average number of employees
During the period the average number of employees was 4.