IRIS Accounts Production v24.3.0.553 07353339 director 1.9.23 31.8.24 31.8.24 false true false false true false Ordinary A 1.00000 Ordinary B 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073533392023-08-31073533392024-08-31073533392023-09-012024-08-31073533392022-08-31073533392022-09-012023-08-31073533392023-08-3107353339ns15:EnglandWales2023-09-012024-08-3107353339ns14:PoundSterling2023-09-012024-08-3107353339ns10:Director12023-09-012024-08-3107353339ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3107353339ns10:SmallEntities2023-09-012024-08-3107353339ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3107353339ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3107353339ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3107353339ns10:FullAccounts2023-09-012024-08-3107353339ns10:OrdinaryShareClass12023-09-012024-08-3107353339ns10:OrdinaryShareClass22023-09-012024-08-3107353339ns5:CurrentFinancialInstruments2024-08-3107353339ns5:CurrentFinancialInstruments2023-08-3107353339ns5:Non-currentFinancialInstruments2024-08-3107353339ns5:Non-currentFinancialInstruments2023-08-3107353339ns5:ShareCapital2024-08-3107353339ns5:ShareCapital2023-08-3107353339ns5:RetainedEarningsAccumulatedLosses2024-08-3107353339ns5:RetainedEarningsAccumulatedLosses2023-08-3107353339ns10:RegisteredOffice2023-09-012024-08-3107353339ns5:FurnitureFittings2023-08-3107353339ns5:ComputerEquipment2023-08-3107353339ns5:FurnitureFittings2023-09-012024-08-3107353339ns5:ComputerEquipment2023-09-012024-08-3107353339ns5:FurnitureFittings2024-08-3107353339ns5:ComputerEquipment2024-08-3107353339ns5:FurnitureFittings2023-08-3107353339ns5:ComputerEquipment2023-08-3107353339ns5:CostValuation2023-08-3107353339ns5:RevaluationsIncreaseDecreaseInInvestments2024-08-3107353339ns5:CostValuation2024-08-3107353339ns5:WithinOneYearns5:CurrentFinancialInstruments2024-08-3107353339ns5:WithinOneYearns5:CurrentFinancialInstruments2023-08-3107353339ns10:OrdinaryShareClass12024-08-3107353339ns10:OrdinaryShareClass22024-08-310735333912023-09-012024-08-31
REGISTERED NUMBER: 07353339 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

About Solutions Recruitment Limited

About Solutions Recruitment Limited (Registered number: 07353339)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


About Solutions Recruitment Limited (Registered number: 07353339)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Property, plant and equipment 4 6,010 9,413
Investments 5 42,049 43,569
48,059 52,982

Current assets
Debtors 6 146,375 221,984
Cash at bank 65,602 68,000
211,977 289,984
Creditors: amounts falling due within
one year

7

15,053

8,024
Net current assets 196,924 281,960
Total assets less current liabilities 244,983 334,942

Creditors: amounts falling due after
more than one year

8

26,286

33,669
Net assets 218,697 301,273

Capital and reserves
Called up share capital 9 100 100
Retained earnings 218,597 301,173
Shareholders' funds 218,697 301,273

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

About Solutions Recruitment Limited (Registered number: 07353339)

Balance Sheet - continued
31 August 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 October 2024 and were signed by:





G W Hillier - Director


About Solutions Recruitment Limited (Registered number: 07353339)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

About Solutions Recruitment Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 07353339

Registered office: 85 Church Road
Hove
East Sussex
BN3 2BB

The presentation currency of the financial statements is in Pound Sterling (£) and rounding is to the nearest (£).

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of VAT and discounts.

When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.

When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Property, plant and equipment
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated
impairment losses. Cost includes costs directly attributable to making the asset capable of operating as
intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% reducing balance
Computer equipment - 33% straight line


About Solutions Recruitment Limited (Registered number: 07353339)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. Accounting policies - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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 1 (2023 - 3 ) .

About Solutions Recruitment Limited (Registered number: 07353339)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. Property, plant and equipment
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
At 1 September 2023 17,520 30,551 48,071
Additions - 607 607
Disposals (3,493 ) (3,538 ) (7,031 )
At 31 August 2024 14,027 27,620 41,647
Depreciation
At 1 September 2023 11,789 26,869 38,658
Charge for year 1,433 2,115 3,548
Eliminated on disposal (3,031 ) (3,538 ) (6,569 )
At 31 August 2024 10,191 25,446 35,637
Net book value
At 31 August 2024 3,836 2,174 6,010
At 31 August 2023 5,731 3,682 9,413

5. Fixed asset investments
Other
investments
£   
Cost or valuation
At 1 September 2023 43,569
Revaluations (1,520 )
At 31 August 2024 42,049
Net book value
At 31 August 2024 42,049
At 31 August 2023 43,569

Cost or valuation at 31 August 2024 is represented by:

Other
investments
£   
Valuation in 2024 42,049

About Solutions Recruitment Limited (Registered number: 07353339)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

5. Fixed asset investments - continued

The investment in cryptocurrency is initially recorded at cost and revalued at its fair value each reporting date. Any changes in fair value are recognised in the Profit and Loss Account.

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 34,117 43,237
Other debtors 112,258 178,747
146,375 221,984

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 5,658 5,147
Trade creditors 6,233 -
Taxation and social security 914 -
Other creditors 2,248 2,877
15,053 8,024

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans 26,286 33,669

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
65 Ordinary A £1 65 65
35 Ordinary B £1 35 35
100 100

10. Director's advances, credits and guarantees

During the year, the company advanced a director £39,188 (2023: £54,361) and he repaid £37,103 (2023: £34,131). At the year end, the director owed the company £22,325 (2023: £20,241). The advances were interest-free, unsecured and repayable on demand.

About Solutions Recruitment Limited (Registered number: 07353339)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

11. Post balance sheet events

There are doubts over the recoverability of investments valued at £42,049 in these accounts. The company that these investments were made through went into administration although since the balance sheet date communication has come out to indicate there will be a recoverable amount of the invest. The recoverable value of the investment is currently unclear and will depend on the outcome of the repayment process.