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REGISTERED NUMBER: 08076989 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

WINDSOR FINANCIAL SOLUTIONS LTD

WINDSOR FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 08076989)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


WINDSOR FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 08076989)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £   
CURRENT ASSETS
Stocks 26,322 28,022
Debtors 4 2,461,185 2,749,599
Cash at bank 315,987 5,248
2,803,494 2,782,869
CREDITORS
Amounts falling due within one year 5 2,569,382 2,615,444
NET CURRENT ASSETS 234,112 167,425
TOTAL ASSETS LESS CURRENT
LIABILITIES

234,112

167,425

CREDITORS
Amounts falling due after more than one
year

6

10,000

62,519
NET ASSETS 224,112 104,906

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 224,012 104,806
224,112 104,906

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

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

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 25 November 2024 and were signed by:



T Snowden - Director


WINDSOR FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 08076989)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Windsor Financial Solutions Ltd 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: 08076989

Registered office: Meridian Park
Leeming Bar Industrial Estate
Leeming Bar
Northallerton
North Yorkshire
DL7 9UJ

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

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
Interest received on loans to clients and other loan income is recognised on an accruals basis in line with the terms of the loan.

Sales of services are recognised on an accruals basis.

When cash flows are deferred and represent a financing agreement. the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Stocks
Stocks are stated at the lower of costs and estimated selling price less costs to sell, which is equivalent to net realisable value.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

WINDSOR FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 08076989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's financial statement of financial position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 4 ) .

WINDSOR FINANCIAL SOLUTIONS LTD (REGISTERED NUMBER: 08076989)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 1,737,083 1,164,715
Other debtors 98 98
Prepayments and accrued income 724,004 1,584,786
2,461,185 2,749,599

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 52,521 49,252
Social security and other taxes 1,546 1,465
Other creditors 226 200
Other loans 2,437,496 2,528,496
Accrued expenses 77,593 36,031
2,569,382 2,615,444

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans - 1-5 years 10,000 62,519

7. RELATED PARTY DISCLOSURES

Within creditors: amounts falling due within one year are balances owed to the director and associated entities under his control of £1,433,383 (2023 - £1,314,496). These balances are unsecured, interest is payable at a variable rate and have no fixed terms of repayment.