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REGISTERED NUMBER: 08975017 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

CORNERSTONE SOLUTIONS LIMITED

CORNERSTONE SOLUTIONS LIMITED (REGISTERED NUMBER: 08975017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


CORNERSTONE SOLUTIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: J McSweeney
Mrs T H H Vu-McSweeney





REGISTERED OFFICE: 409-411 Croydon Road
Beckenham
BR3 3PP





REGISTERED NUMBER: 08975017 (England and Wales)





ACCOUNTANTS: Edwards Chartered Accountants
409-411 Croydon Road
Beckenham
Kent
BR3 3PP

CORNERSTONE SOLUTIONS LIMITED (REGISTERED NUMBER: 08975017)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,361 3,244

CURRENT ASSETS
Debtors 5 21,449 49,468
Cash at bank 21,126 25,582
42,575 75,050
CREDITORS
Amounts falling due within one year 6 28,602 50,963
NET CURRENT ASSETS 13,973 24,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,334

27,331

CREDITORS
Amounts falling due after more than one year 7 (16,667 ) (26,667 )

PROVISIONS FOR LIABILITIES (638 ) (616 )
NET ASSETS 29 48

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 27 46
29 48

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

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

CORNERSTONE SOLUTIONS LIMITED (REGISTERED NUMBER: 08975017)

BALANCE SHEET - continued
31 MARCH 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.

The financial statements were approved by the Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by:





Mrs T H H Vu-McSweeney - Director


CORNERSTONE SOLUTIONS LIMITED (REGISTERED NUMBER: 08975017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Cornerstone 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.

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

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

CORNERSTONE SOLUTIONS LIMITED (REGISTERED NUMBER: 08975017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 4,123
Additions 1,028
At 31 March 2024 5,151
DEPRECIATION
At 1 April 2023 879
Charge for year 911
At 31 March 2024 1,790
NET BOOK VALUE
At 31 March 2024 3,361
At 31 March 2023 3,244

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 21,449 49,468

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors - 552
Taxation and social security 17,028 38,898
Other creditors 1,574 1,513
28,602 50,963

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 16,667 26,667

CORNERSTONE SOLUTIONS LIMITED (REGISTERED NUMBER: 08975017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. TRANSACTIONS WITH DIRECTORS

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

2024 2023
£    £   
J McSweeney
Balance outstanding at start of year 24,734 30,853
Amounts advanced 10,514 24,734
Amounts repaid (24,734 ) (30,853 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,514 24,734

Mrs T H H Vu-McSweeney
Balance outstanding at start of year 24,734 30,853
Amounts advanced 10,514 24,734
Amounts repaid (24,734 ) (30,853 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,514 24,734

During the year, the company voted dividends of £25,100 to each director.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is the directors, jointly.