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REGISTERED NUMBER: 07499314 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 January 2024

for

Solutionize Consulting Ltd

Solutionize Consulting Ltd (Registered number: 07499314)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Solutionize Consulting Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: A Bhandari
Mrs G Srivastava





REGISTERED OFFICE: 134 Crimicar Lane
Sheffield
South Yorkshire
S10 4EJ





REGISTERED NUMBER: 07499314 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

Solutionize Consulting Ltd (Registered number: 07499314)

Balance Sheet
31 January 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 30,000 30,000
Debtors 5 77,197 162,388
Cash at bank and in hand 186,065 130,606
293,262 322,994
CREDITORS
Amounts falling due within one year 6 231,950 209,100
NET CURRENT ASSETS 61,312 113,894
TOTAL ASSETS LESS CURRENT
LIABILITIES

61,312

113,894

CREDITORS
Amounts falling due after more than one year 7 31,733 69,935
NET ASSETS 29,579 43,959

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 29,479 43,859
SHAREHOLDERS' FUNDS 29,579 43,959

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Solutionize Consulting Ltd (Registered number: 07499314)

Balance Sheet - continued
31 January 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 28 August 2024 and were signed on its behalf by:




A Bhandari - Director



Mrs G Srivastava - Director


Solutionize Consulting Ltd (Registered number: 07499314)

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

1. STATUTORY INFORMATION

Solutionize Consulting 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.

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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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 2 (2023 - 2 ) .

Solutionize Consulting Ltd (Registered number: 07499314)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023
and 31 January 2024 3,173
DEPRECIATION
At 1 February 2023
and 31 January 2024 3,173
NET BOOK VALUE
At 31 January 2024 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 10,034 12,087
Other debtors 60,660 134,160
VAT 6,503 16,141
77,197 162,388

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 43,393 44,586
Trade creditors 16,653 19,388
Tax 2,868 14,474
Social security and other taxes 2,273 494
Directors' current accounts 165,348 128,753
Accrued expenses 1,415 1,405
231,950 209,100

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 31,733 69,935

Solutionize Consulting Ltd (Registered number: 07499314)

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

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 43,393 44,586

Amounts falling due between two and five years:
Bank loans - 2-5 years 31,733 69,935

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A 1 50 50
50 Ordinary B 1 50 50
100 100

10. RESERVES
Retained
earnings
£   

At 1 February 2023 43,859
Profit for the year 12,228
Dividends (26,608 )
At 31 January 2024 29,479

11. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party within the company.