Registered number
08613547
Seeing Solutions Management Services Limited
Report and Accounts
31 July 2023
DAVIS, BURTON, WILLIAMS & CO
Chartered Certified Accountants
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey SM6 7AH
________________________________________________
Seeing Solutions Management Services Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Statement of changes in equity 5
Notes to the accounts 6-8
Seeing Solutions Management Services Limited
Company Information
Directors
Mr Simon Lawrence
Accountants
Davis Burton Williams & Co
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey
SM6 7AH
Registered office
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey
SM6 7AH
Registered number
08613547
Seeing Solutions Management Services Limited
Registered number: 08613547
Directors' Report
The director presents his report and accounts for the year ended 31 July 2023.
Principal activities
The company's principal activity during the year continued to be that of Management Consultancy.
Directors
The following persons served as directors during the year:
Mr Simon Lawrence
Political donations
The company made no political donations during the year.
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 19 March 2024 and signed on its behalf.
Mr Simon Lawrence
Director
Seeing Solutions Management Services Limited
Profit and Loss Account
for the year ended 31 July 2023
Notes 2023 2022
£ £
Turnover 55,160 32,106
Cost of sales (5,029) (3,572)
Gross profit 50,131 28,534
Administrative expenses (12,517) (11,615)
Operating profit 37,614 16,919
Profit on ordinary activities before taxation 37,614 16,919
Tax on profit on ordinary activities (7,217) (3,285)
Profit for the financial year 30,397 13,634
Seeing Solutions Management Services Limited
Registered number: 08613547
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 - 370
- 370
Current assets
Debtors 4 54,798 33,780
Cash at bank and in hand 15,887 2,204
70,685 35,984
Creditors: amounts falling due within one year 5 (7,771) (3,837)
Net current assets 62,914 32,147
Total assets less current liabilities 62,914 32,517
Net assets 62,914 32,517
Capital and reserves
Called up share capital 20 20
Profit and loss account 62,894 32,497
Shareholders' funds 62,914 32,517
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The detailed profit and loss account has not been delivered to the Registrar of Companies.
Mr Simon Lawrence
Director
Approved by the board on 19 March 2024
Seeing Solutions Management Services Limited
Statement of Changes in Equity
for the year ended 31 July 2023
Share Share Re- Profit Total
capital premium valuation and loss
reserve account
£ £ £ £ £
At 1 August 2021 20 - - 18,863 18,883
Profit for the financial year - - - 13,634 13,634
Total comprehensive income for the financial year - - - 13,634 13,634
At 31 July 2022 20 - - 32,497 32,517
At 1 August 2022 20 - - 32,497 32,517
Profit for the financial year - - - 30,397 30,397
Total comprehensive income for the financial year - - - 30,397 30,397
At 31 July 2023 20 - - 62,894 62,914
Seeing Solutions Management Services Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment 25% straight line basis
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Equipment Total
£ £
Cost
At 1 August 2022 1,356 1,356
Additions - -
Disposals - -
At 31 July 2023 1,356 1,356
Depreciation
At 1 August 2022 986 986
Charge for the year 370 370
On disposals - -
At 31 July 2023 1,356 1,356
Net book value
At 31 July 2023 - -
At 31 July 2022 370 370
4 Debtors 2023 2022
£ £
Trade debtors 11,232 12,313
Other debtors 43,566 21,467
54,798 33,780
5 Creditors: amounts falling due within one year 2023 2022
£ £
Corporation tax 7,217 3,285
Other creditors 554 552
7,771 3,837
6 Events after the reporting date
The director was not aware of any post balance sheet events which would materially affect the financial statements at the year end.
7 Contingent liabilities
There were no contingent liabilities at the year end.
8 Related party transactions
There were no related party transactions in the year. In other debtors are amounts due from the director of £41,634 (2022 - £19,535).
9 Controlling party
The company is controlled by the director Mr Simon Lawrence.
10 Other information
Seeing Solutions Management Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
Office B11, Sutton Business Centre
Restmor Way
Wallington
Surrey
SM6 7AH
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