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Company Registration No. 06706471 (England and Wales)
Concept One Source Solution Ltd Unaudited accounts for the year ended 30 September 2023
Concept One Source Solution Ltd Unaudited accounts Contents
Page
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Concept One Source Solution Ltd Company Information for the year ended 30 September 2023
Director
Samuel James Gunston
Company Number
06706471 (England and Wales)
Registered Office
21 Bullbridge Hill Ambergate Belper Derbyshire DE56 2EW England
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Concept One Source Solution Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
457,625 
71,127 
Current assets
Inventories
10,000 
15,000 
Debtors
200,985 
188,216 
Cash at bank and in hand
52,834 
134,924 
263,819 
338,140 
Creditors: amounts falling due within one year
(306,918)
(296,683)
Net current (liabilities)/assets
(43,099)
41,457 
Total assets less current liabilities
414,526 
112,584 
Creditors: amounts falling due after more than one year
(232,984)
(26,730)
Provisions for liabilities
Deferred tax
(15,613)
- 
Net assets
165,929 
85,854 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
165,928 
85,853 
Shareholders' funds
165,929 
85,854 
For the year ending 30 September 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Samuel James Gunston Director Company Registration No. 06706471
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Concept One Source Solution Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
Concept One Source Solution Ltd is a private company, limited by shares, registered in England and Wales, registration number 06706471. The registered office is 21 Bullbridge Hill, Ambergate, Belper, Derbyshire, DE56 2EW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 September 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation
Plant & machinery
25% Reducing Balance
Fixtures & fittings
25% Straight Line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 October 2022
- 
116,573 
- 
116,573 
Additions
375,450 
16,768 
21,671 
413,889 
At 30 September 2023
375,450 
133,341 
21,671 
530,462 
Depreciation
At 1 October 2022
- 
45,446 
- 
45,446 
Charge for the year
- 
21,973 
5,418 
27,391 
At 30 September 2023
- 
67,419 
5,418 
72,837 
Net book value
At 30 September 2023
375,450 
65,922 
16,253 
457,625 
At 30 September 2022
- 
71,127 
- 
71,127 
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Concept One Source Solution Ltd Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
27,458 
- 
Trade debtors
167,851 
184,873 
Amounts due from group undertakings etc.
180 
- 
Accrued income and prepayments
2,626 
330 
Other debtors
2,870 
3,013 
200,985 
188,216 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
38,549 
10,648 
VAT
- 
30,242 
Trade creditors
97,840 
90,611 
Taxes and social security
92,876 
43,201 
Other creditors
76,653 
120,981 
Accruals
1,000 
1,000 
306,918 
296,683 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
232,984 
26,730 
8
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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