End State Solutions Limited 14570272 false 2023-01-04 2024-01-31 2024-01-31 The principal activity of the company is provision of consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 14570272 2023-01-04 2024-01-31 14570272 2024-01-31 14570272 core:RetainedEarningsAccumulatedLosses 2024-01-31 14570272 core:ShareCapital 2024-01-31 14570272 core:CurrentFinancialInstruments 2024-01-31 14570272 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 14570272 core:FurnitureFittingsToolsEquipment 2024-01-31 14570272 bus:SmallEntities 2023-01-04 2024-01-31 14570272 bus:AuditExemptWithAccountantsReport 2023-01-04 2024-01-31 14570272 bus:FilletedAccounts 2023-01-04 2024-01-31 14570272 bus:SmallCompaniesRegimeForAccounts 2023-01-04 2024-01-31 14570272 bus:RegisteredOffice 2023-01-04 2024-01-31 14570272 bus:Director1 2023-01-04 2024-01-31 14570272 bus:Director2 2023-01-04 2024-01-31 14570272 bus:Director3 2023-01-04 2024-01-31 14570272 bus:PrivateLimitedCompanyLtd 2023-01-04 2024-01-31 14570272 core:FurnitureFittingsToolsEquipment 2023-01-04 2024-01-31 14570272 core:OfficeEquipment 2023-01-04 2024-01-31 14570272 countries:AllCountries 2023-01-04 2024-01-31 iso4217:GBP xbrli:pure

Registration number: 14570272

End State Solutions Limited

Annual Report and Unaudited Financial Statements

for the Period from 4 January 2023 to 31 January 2024

 

End State Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

End State Solutions Limited

Company Information

Directors

Mr Denis McGowan

Mrs Amanda Buckland-McGowan

Miss Lottie-Louise Buckland-McGowan

Registered office

2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ

Accountants

Lucraft Hodgson & Dawes LLP
2/4 Ash Lane
Rustington
West Sussex
BN16 3BZ

 

End State Solutions Limited

(Registration number: 14570272)
Balance Sheet as at 31 January 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

371

Current assets

 

Debtors

5

45,667

Cash at bank and in hand

 

41

 

45,708

Creditors: Amounts falling due within one year

6

(40,065)

Net current assets

 

5,643

Total assets less current liabilities

 

6,014

Provisions for liabilities

(71)

Net assets

 

5,943

Capital and reserves

 

Called up share capital

100

Profit and loss account

5,843

Shareholders' funds

 

5,943

For the financial period ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 October 2024 and signed on its behalf by:
 

.........................................
Mr Denis McGowan
Director

 

End State Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2023 to 31 January 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
2/4 Ash Lane
Rustington
Littlehampton
West Sussex
BN16 3BZ
United Kingdom

These financial statements were authorised for issue by the Board on 1 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

These financial statements are presented in Sterling, which is also the company's functional currency. The financial statements are rounded to the nearest £1.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

End State Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2023 to 31 January 2024

2

Accounting policies (continued)

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

20% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

End State Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2023 to 31 January 2024

2

Accounting policies (continued)

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 3.

 

End State Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2023 to 31 January 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

464

464

At 31 January 2024

464

464

Depreciation

Charge for the period

93

93

At 31 January 2024

93

93

Carrying amount

At 31 January 2024

371

371

5

Debtors

Current

2024
£

Trade debtors

32,100

Other debtors

13,567

 

45,667

 

End State Solutions Limited

Notes to the Unaudited Financial Statements for the Period from 4 January 2023 to 31 January 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

Due within one year

 

Loans and borrowings

7

876

Trade creditors

 

2,173

Taxation and social security

 

29,884

Accruals and deferred income

 

1,000

Other creditors

 

6,132

 

40,065

7

Loans and borrowings

2024
£

Current loans and borrowings

Other borrowings

876

876