REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 24 March 2023 to 30 November 2023 |
for |
100+ Solutions Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 24 March 2023 to 30 November 2023 |
for |
100+ Solutions Limited |
100+ Solutions Limited (Registered number: 14755254) |
Contents of the Financial Statements |
for the Period 24 March 2023 to 30 November 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
100+ Solutions Limited |
Company Information |
for the Period 24 March 2023 to 30 November 2023 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
The Mills |
Canal Street |
Derby |
DE1 2RJ |
100+ Solutions Limited (Registered number: 14755254) |
Balance Sheet |
30 November 2023 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
100+ Solutions Limited (Registered number: 14755254) |
Balance Sheet - continued |
30 November 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
100+ Solutions Limited (Registered number: 14755254) |
Notes to the Financial Statements |
for the Period 24 March 2023 to 30 November 2023 |
1. | STATUTORY INFORMATION |
100+ Solutions Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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, is capitalised at cost and is written off in equal instalments over its estimated useful economic life of 10 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. |
Website and software expenditure is written off to the profit and loss account in the year in which it is incurred, unless the directors are satisfied as to the technical, commercial and financial viability of the website improvements. In this situation, the expenditure is capitalised and amortised over the period during which the company is expected to benefit. |
Website and software expenditure is being amortised evenly over the useful life of 3 years. |
Tangible fixed assets |
Long leasehold | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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. |
Invoice discounting |
The debts discounted are included within trade debtors with a financing limit relating to proceeds received from the invoice discounter included within creditors. |
The interest element and other discount charges are recognised within the profit and loss account as they accrue. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
100+ Solutions Limited (Registered number: 14755254) |
Notes to the Financial Statements - continued |
for the Period 24 March 2023 to 30 November 2023 |
4. | INTANGIBLE FIXED ASSETS |
Computer |
Goodwill | software | Totals |
£ | £ | £ |
COST |
Additions |
At 30 November 2023 |
AMORTISATION |
Amortisation for period |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
5. | TANGIBLE FIXED ASSETS |
Fixtures |
Long | Plant and | and |
leasehold | machinery | fittings |
£ | £ | £ |
COST |
Additions |
Disposals | ( |
) |
At 30 November 2023 |
DEPRECIATION |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
Additions |
Disposals | ( |
) |
At 30 November 2023 |
DEPRECIATION |
Charge for period |
Eliminated on disposal | ( |
) |
At 30 November 2023 |
NET BOOK VALUE |
At 30 November 2023 |
100+ Solutions Limited (Registered number: 14755254) |
Notes to the Financial Statements - continued |
for the Period 24 March 2023 to 30 November 2023 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Amounts owed by related undertakings |
Other debtors |
Directors' current accounts | 1,915 |
Prepayments |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Advances under factoring arrangement | 304,181 |
Trade creditors |
Social security and other taxes |
Other creditors |
Accrued expenses |
8. | SECURED DEBTS |
The following secured debts are included within creditors: |
£ |
Advances under factoring arrangement |
Factoring arrangements are secured against the assets of the company. |
9. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The directors maintain a loan account with the company. At the balance sheet date, the amounts owing from the directors is shown in the debtors note. The amounts are interest free and repayable upon demand. |