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REGISTERED NUMBER: 04382190 (England and Wales)










PRIVACY SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






PRIVACY SOLUTIONS LTD (REGISTERED NUMBER: 04382190)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


PRIVACY SOLUTIONS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mr D J Taylor
Mrs V J Taylor





SECRETARY: Mrs V J Taylor





REGISTERED OFFICE: 9 Norman Avenue
South Croydon
Surrey
CR2 0QH





REGISTERED NUMBER: 04382190 (England and Wales)





ACCOUNTANTS: Hakim Fry
Chartered Accountants
69-71 East Street
Epsom
Surrey
KT17 1BP

PRIVACY SOLUTIONS LTD (REGISTERED NUMBER: 04382190)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,666 522
Investments 6 187,615 163,898
189,281 164,420

CURRENT ASSETS
Debtors 7 3,058 3,057
Cash at bank 75,247 126,092
78,305 129,149
CREDITORS
Amounts falling due within one year 8 7,708 10,058
NET CURRENT ASSETS 70,597 119,091
TOTAL ASSETS LESS CURRENT
LIABILITIES

259,878

283,511

PROVISIONS FOR LIABILITIES 8,517 3,252
NET ASSETS 251,361 280,259

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 9 34,956 18,493
Retained earnings 216,403 261,764
SHAREHOLDERS' FUNDS 251,361 280,259

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

PRIVACY SOLUTIONS LTD (REGISTERED NUMBER: 04382190)

BALANCE SHEET - continued
29 FEBRUARY 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 23 September 2024 and were signed on its behalf by:





Mrs V J Taylor - Director


PRIVACY SOLUTIONS LTD (REGISTERED NUMBER: 04382190)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

Privacy Solutions Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

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
Computer equipment - 33% on reducing balance

Financial instruments
Financial instruments is measured at the fair value of the cost of the instrument.

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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

PRIVACY SOLUTIONS LTD (REGISTERED NUMBER: 04382190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 7,781
Additions 1,348
At 29 February 2024 9,129
DEPRECIATION
At 1 March 2023 7,259
Charge for year 204
At 29 February 2024 7,463
NET BOOK VALUE
At 29 February 2024 1,666
At 28 February 2023 522

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 163,898
Additions 2,206
Revaluations 21,511
At 29 February 2024 187,615
NET BOOK VALUE
At 29 February 2024 187,615
At 28 February 2023 163,898

Cost or valuation at 29 February 2024 is represented by:

Other
investments
£   
Valuation in 2016 (3,946 )
Valuation in 2017 12,248
Valuation in 2018 3,184
Valuation in 2019 531
Valuation in 2020 2,331
Valuation in 2021 (10,201 )
Valuation in 2022 2,047
Valuation in 2023 (4,934 )
Valuation in 2024 21,724
Cost 164,631
187,615

PRIVACY SOLUTIONS LTD (REGISTERED NUMBER: 04382190)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 3,058 3,057

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security - 102
Other creditors 7,708 9,956
7,708 10,058

9. RESERVES
Fair
value
reserve
£   
At 1 March 2023 18,493
Revaluation reserve for investments 16,463

At 29 February 2024 34,956

10. RELATED PARTY DISCLOSURES

The Company maintains an interest free loan accounts, which is repayable on demand, with the Directors of the entity. At the balance sheet date, the Company owed £5,924 (2023: £8,174) to that Director.