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REGISTERED NUMBER: 11454935 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

The Solution Group (Recruitment) Limited

The Solution Group (Recruitment) Limited (Registered number: 11454935)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


The Solution Group (Recruitment) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: E Lovell- Butt
J Lovell-Butt





REGISTERED OFFICE: C/O Chamberlains Elm House
Tanshire Park, Shackleford Road
Elstead, Godalming
Surrey
GU8 6LB





REGISTERED NUMBER: 11454935 (England and Wales)





ACCOUNTANTS: Chamberlains Chartered Accountants
Elm House, Tanshire Park
Shackleford Road, Elstead
Godalming
Surrey
GU8 6LB

The Solution Group (Recruitment) Limited (Registered number: 11454935)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,392 2,040

CURRENT ASSETS
Debtors 5 584,808 440,032
Cash at bank - 26,875
584,808 466,907
CREDITORS
Amounts falling due within one year 6 609,324 417,065
NET CURRENT (LIABILITIES)/ASSETS (24,516 ) 49,842
TOTAL ASSETS LESS CURRENT
LIABILITIES

(20,124

)

51,882

CREDITORS
Amounts falling due after more than one
year

7

13,390

23,136
NET (LIABILITIES)/ASSETS (33,514 ) 28,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (33,614 ) 28,646
SHAREHOLDERS' FUNDS (33,514 ) 28,746

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

The Solution Group (Recruitment) Limited (Registered number: 11454935)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 September 2024 and were signed on its behalf by:





E Lovell- Butt - Director


The Solution Group (Recruitment) Limited (Registered number: 11454935)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Solution Group (Recruitment) 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.
Plant and machinery etc - 33% 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.

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.

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 8 (2022 - 6 ) .

The Solution Group (Recruitment) Limited (Registered number: 11454935)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 7,838
Additions 7,371
At 31 December 2023 15,209
DEPRECIATION
At 1 January 2023 5,798
Charge for year 5,019
At 31 December 2023 10,817
NET BOOK VALUE
At 31 December 2023 4,392
At 31 December 2022 2,040

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 514,851 417,849
Other debtors 69,957 22,183
584,808 440,032

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 16,604 -
Trade creditors 44,741 763
Taxation and social security 88,240 87,288
Other creditors 459,739 329,014
609,324 417,065

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Other creditors 13,390 23,136