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REGISTERED NUMBER: 14755254 (England and Wales)



















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: G Lawrence
J W Thompson
F N Lawrence
S B Partridge





REGISTERED OFFICE: 34 Charnwood Street
Derby
Derbyshire
DE1 2GU





REGISTERED NUMBER: 14755254 (England and Wales)





ACCOUNTANTS: Bates Weston LLP
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 8,484
Tangible assets 5 85,785
94,269

CURRENT ASSETS
Stocks 6,000
Debtors 6 521,007
Cash at bank 11,914
538,921
CREDITORS
Amounts falling due within one year 7 565,362
NET CURRENT LIABILITIES (26,441 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,828

PROVISIONS FOR LIABILITIES 12,400
NET ASSETS 55,428

CAPITAL AND RESERVES
Called up share capital 1,575
Retained earnings 53,853
55,428

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 November 2023 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.

100+ Solutions Limited (Registered number: 14755254)

Balance Sheet - continued
30 November 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 August 2024 and were signed on its behalf by:





G Lawrence - Director


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 private company, limited by shares , registered in England and Wales. 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.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Long leasehold - Straight line over 7 years
Plant and machinery - 25% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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 23 .

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 5,000 4,060 9,060
At 30 November 2023 5,000 4,060 9,060
AMORTISATION
Amortisation for period 292 284 576
At 30 November 2023 292 284 576
NET BOOK VALUE
At 30 November 2023 4,708 3,776 8,484

5. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings
£    £    £   
COST
Additions 9,502 21,654 8,920
Disposals - (3,000 ) -
At 30 November 2023 9,502 18,654 8,920
DEPRECIATION
Charge for period 339 2,867 695
Eliminated on disposal - (375 ) -
At 30 November 2023 339 2,492 695
NET BOOK VALUE
At 30 November 2023 9,163 16,162 8,225

Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 36,000 17,039 93,115
Disposals - - (3,000 )
At 30 November 2023 36,000 17,039 90,115
DEPRECIATION
Charge for period - 804 4,705
Eliminated on disposal - - (375 )
At 30 November 2023 - 804 4,330
NET BOOK VALUE
At 30 November 2023 36,000 16,235 85,785

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 407,572
Amounts owed by related undertakings 16,203
Other debtors 10,000
Directors' current accounts 1,915
Prepayments 85,317
521,007

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Advances under factoring arrangement 304,181
Trade creditors 135,879
Social security and other taxes 48,341
Other creditors 63,825
Accrued expenses 13,136
565,362

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Advances under factoring arrangement 304,181

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.