IRIS Accounts Production v24.1.4.33 11849638 director 1.11.22 31.10.23 31.10.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh118496382022-10-31118496382023-10-31118496382022-11-012023-10-31118496382021-10-31118496382021-11-012022-10-31118496382022-10-3111849638ns15:EnglandWales2022-11-012023-10-3111849638ns14:PoundSterling2022-11-012023-10-3111849638ns10:Director12022-11-012023-10-3111849638ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3111849638ns10:SmallEntities2022-11-012023-10-3111849638ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3111849638ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3111849638ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111849638ns10:FullAccounts2022-11-012023-10-3111849638ns5:CurrentFinancialInstruments2023-10-3111849638ns5:CurrentFinancialInstruments2022-10-3111849638ns5:Non-currentFinancialInstruments2023-10-3111849638ns5:Non-currentFinancialInstruments2022-10-3111849638ns5:ShareCapital2023-10-3111849638ns5:ShareCapital2022-10-3111849638ns5:RetainedEarningsAccumulatedLosses2023-10-3111849638ns5:RetainedEarningsAccumulatedLosses2022-10-3111849638ns10:RegisteredOffice2022-11-012023-10-3111849638ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-3111849638ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-3111849638ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-10-3111849638ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-10-3111849638ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-10-3111849638ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-10-31
REGISTERED NUMBER: 11849638 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2023

FOR

DOUG SOLUTIONS LIMITED

DOUG SOLUTIONS LIMITED (REGISTERED NUMBER: 11849638)

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










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 5


DOUG SOLUTIONS LIMITED (REGISTERED NUMBER: 11849638)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Debtors 4 623,757 547,790
Cash at bank 147 1,590
623,904 549,380
CREDITORS
Amounts falling due within one year 5 (487,825 ) (420,805 )
NET CURRENT ASSETS 136,079 128,575
TOTAL ASSETS LESS CURRENT
LIABILITIES

136,079

128,575

CREDITORS
Amounts falling due after more than one
year

6

(38,194

)

(40,000

)
NET ASSETS 97,885 88,575

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 97,785 88,475
97,885 88,575

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

DOUG SOLUTIONS LIMITED (REGISTERED NUMBER: 11849638)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2023


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 30 July 2024 and were signed by:





C Latham - Director


DOUG SOLUTIONS LIMITED (REGISTERED NUMBER: 11849638)

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


1. STATUTORY INFORMATION

Doug Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 11849638

Registered office: Kemp House
160 City Road
London
EC1V 2NX

The principal activity of the company was that of business advisers.

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.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

DOUG SOLUTIONS LIMITED (REGISTERED NUMBER: 11849638)

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


2. ACCOUNTING POLICIES - continued

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability.

Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.

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.


DOUG SOLUTIONS LIMITED (REGISTERED NUMBER: 11849638)

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


2. ACCOUNTING POLICIES - continued
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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Amounts owed by group undertakings 9,403 72,423
Other debtors 614,354 475,367
623,757 547,790

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,000 10,000
Amounts owed to group undertakings 441,443 355,985
Tax 34,072 18,820
Directors' current accounts - 34,900
Accruals and deferred income 2,310 1,100
487,825 420,805

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 28,194 30,000
38,194 40,000

7. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Chas Holdings Limited, a company registered in England & Wales.