REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 August 2024 |
for |
About Solutions Recruitment Limited |
REGISTERED NUMBER: |
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 |
Investments | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors: amounts falling due within one year |
7 |
Net current assets |
Total assets less current liabilities |
Creditors: amounts falling due after more than one year |
8 |
Net assets |
Capital and reserves |
Called up share capital | 9 |
Retained earnings |
Shareholders' funds |
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 were approved by the director and authorised for issue on |
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 |
Registered number: |
Registered office: |
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 |
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 |
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 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31 August 2024 |
Depreciation |
At 1 September 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31 August 2024 |
Net book value |
At 31 August 2024 |
At 31 August 2023 |
5. | Fixed asset investments |
Other |
investments |
£ |
Cost or valuation |
At 1 September 2023 |
Revaluations | ( |
) |
At 31 August 2024 |
Net book value |
At 31 August 2024 |
At 31 August 2023 |
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 |
Other debtors |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | Creditors: amounts falling due after more than one year |
2024 | 2023 |
£ | £ |
Bank loans |
9. | Called up share capital |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary A | £1 | 65 | 65 |
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. |