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REGISTERED NUMBER: 05317278 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

Solutions & Design (Systems) Limited

Solutions & Design (Systems) Limited (Registered number: 05317278)






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


Solutions & Design (Systems) Limited

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R Manley
Mrs D Manley
D Manley





SECRETARY: Mrs D Manley





REGISTERED OFFICE: 2 Maidenhall
Highnam
Gloucestershire
GL2 8DL





REGISTERED NUMBER: 05317278 (England and Wales)





ACCOUNTANTS: Knights
2A Lighthouse Trade Park
Lydney
21 Highnam Business Centre
Highnam
Gloucestershire
GL2 8DN

Solutions & Design (Systems) Limited (Registered number: 05317278)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 741,000 751,166

CURRENT ASSETS
Debtors 5 105,135 225,233
Cash at bank 189,978 127,248
295,113 352,481
CREDITORS
Amounts falling due within one year 6 163,871 144,824
NET CURRENT ASSETS 131,242 207,657
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,242

958,823

CREDITORS
Amounts falling due after more than one year 7 (182,848 ) (223,912 )

PROVISIONS FOR LIABILITIES 9 (5,917 ) (7,839 )
NET ASSETS 683,477 727,072

CAPITAL AND RESERVES
Called up share capital 104 104
Retained earnings 683,373 726,968
SHAREHOLDERS' FUNDS 683,477 727,072

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.

Solutions & Design (Systems) Limited (Registered number: 05317278)

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 Statement of Income and Retained Earnings has not been delivered.

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





R Manley - Director


Solutions & Design (Systems) Limited (Registered number: 05317278)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Solutions & Design (Systems) 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 4 (2022 - 5 ) .

Solutions & Design (Systems) Limited (Registered number: 05317278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023
and 31 December 2023 709,857 17,237 105,682 10,410 843,186
DEPRECIATION
At 1 January 2023 - 15,631 65,980 10,409 92,020
Charge for year - 241 9,925 - 10,166
At 31 December 2023 - 15,872 75,905 10,409 102,186
NET BOOK VALUE
At 31 December 2023 709,857 1,365 29,777 1 741,000
At 31 December 2022 709,857 1,606 39,702 1 751,166

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 98,885 218,983
Other debtors 6,250 6,250
105,135 225,233

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 38,216 40,298
Hire purchase contracts (see note 8) 6,364 6,180
Trade creditors 17,838 1,121
Taxation and social security 52,962 72,496
Other creditors 48,491 24,729
163,871 144,824

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 153,177 187,691
Hire purchase contracts (see note 8) 29,671 36,221
182,848 223,912

Solutions & Design (Systems) Limited (Registered number: 05317278)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 6,364 6,180
Between one and five years 29,671 36,221
36,035 42,401

Non-cancellable operating leases
2023 2022
£    £   
Within one year 9,715 -
Between one and five years 809 -
10,524 -

9. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 5,917 7,839

Deferred
tax
£   
Balance at 1 January 2023 7,839
Accelerated capital allowances (1,922 )
Balance at 31 December 2023 5,917