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REGISTERED NUMBER: 06256570















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Solutions Shared Limited

Solutions Shared Limited (Registered number: 06256570)






Contents of the Financial Statements
for the Year Ended 31 May 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solutions Shared Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Miss Hannah Sarah Quay
Mr John Bruno Clark





REGISTERED OFFICE: Arena Business Centre
100 Berkshire Place
Winnersh
Berkshire
RG41 5RD





REGISTERED NUMBER: 06256570





ACCOUNTANTS: Inca Accountants Ltd
Chartered Certified Accountants
Central Office
Cobweb Buildings
The Lane, Lyford
Nr Wantage
Oxfordshire
OX12 0EE

Solutions Shared Limited (Registered number: 06256570)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,512 3,596

CURRENT ASSETS
Debtors 5 69,389 88,984
Cash at bank 51,694 36,197
121,083 125,181
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

6

(86,968

)

(150,854

)
NET CURRENT ASSETS/(LIABILITIES) 34,115 (25,673 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

37,627

(22,077

)

CREDITORS: AMOUNTS FALLING
DUE AFTER MORE THAN ONE YEAR

7

(32,299

)

22,208

PROVISIONS FOR LIABILITIES (1,500 ) -
NET ASSETS 3,828 131

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,728 31
3,828 131

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 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.

Solutions Shared Limited (Registered number: 06256570)

Balance Sheet - continued
31 May 2024


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.

Approved and authorised by the Board of Directors and authorised for issue on 21 June 2024 and were signed on its behalf by:





Mr John Bruno Clark - Director


Solutions Shared Limited (Registered number: 06256570)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

Solutions Shared Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost

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.

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 7 (2023 - 7 ) .

Solutions Shared Limited (Registered number: 06256570)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 June 2023 16,655
Additions 2,691
At 31 May 2024 19,346
DEPRECIATION
At 1 June 2023 13,059
Charge for year 2,775
At 31 May 2024 15,834
NET BOOK VALUE
At 31 May 2024 3,512
At 31 May 2023 3,596

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 25,773 43,854
Other debtors 43,616 45,130
69,389 88,984

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 11,348 54,417
Trade creditors 15,396 31,175
Taxation and social security 46,368 50,569
Other creditors 13,856 14,693
86,968 150,854

Solutions Shared Limited (Registered number: 06256570)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 10,955 (22,208 )
Other creditors 21,344 -
32,299 (22,208 )

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

2024 2023
£    £   
Miss Hannah Sarah Quay
Balance outstanding at start of year 19,196 -
Amounts advanced - 19,196
Amounts repaid (520 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,676 19,196

Mr John Bruno Clark
Balance outstanding at start of year 19,379 -
Amounts advanced - 19,379
Amounts repaid (520 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 18,859 19,379