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REGISTERED NUMBER: SC534245 (Scotland)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

Stonebridge Commercial Solutions Limited

Stonebridge Commercial Solutions Limited (Registered number: SC534245)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Stonebridge Commercial Solutions Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M A Nelson
Mrs L M Nelson





REGISTERED OFFICE: Carrick Arden
Torwoodhill Place
Rhu
Helensburgh
Dunbartonshire
G84 8LE





REGISTERED NUMBER: SC534245 (Scotland)





ACCOUNTANTS: Clements
Chartered Accountants
17 Colquhoun Square
Helensburgh
G84 8AD

Stonebridge Commercial Solutions Limited (Registered number: SC534245)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 718 1,436

CURRENT ASSETS
Debtors 5 160,900 52,883
Cash at bank 219,742 249,892
380,642 302,775
CREDITORS
Amounts falling due within one year 6 43,247 18,263
NET CURRENT ASSETS 337,395 284,512
TOTAL ASSETS LESS CURRENT
LIABILITIES

338,113

285,948

PROVISIONS FOR LIABILITIES 162 -
NET ASSETS 337,951 285,948

CAPITAL AND RESERVES
Called up share capital 20 20
Retained earnings 337,931 285,928
SHAREHOLDERS' FUNDS 337,951 285,948

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 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.

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 10 January 2025 and were signed on its behalf by:



M A Nelson - Director


Stonebridge Commercial Solutions Limited (Registered number: SC534245)

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

1. STATUTORY INFORMATION

Stonebridge Commercial Solutions Limited is a private company, limited by shares , registered in Scotland. 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
The turnover shown in the profit and loss account represents revenue recognised by the company in respect of services supplied during the period, exclusive of Value Added Tax. Revenue is recognised when the company has the right to receive it.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

Financial instruments
The company only has basic financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax.

The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 ) .

Stonebridge Commercial Solutions Limited (Registered number: SC534245)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 6,078
Disposals (3,923 )
At 31 May 2024 2,155
DEPRECIATION
At 1 June 2023 4,642
Charge for year 718
Eliminated on disposal (3,923 )
At 31 May 2024 1,437
NET BOOK VALUE
At 31 May 2024 718
At 31 May 2023 1,436

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 73,446 36,207
Other debtors 87,454 16,676
160,900 52,883

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Taxation and social security 22,333 1,637
Other creditors 20,914 16,626
43,247 18,263

Included in other creditors is a directors current account which is unsecured, interest free and repayable on demand.

Stonebridge Commercial Solutions Limited (Registered number: SC534245)

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

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs L M Nelson
Balance outstanding at start of year (2,434 ) (1,623 )
Amounts advanced 80,850 -
Amounts repaid - (811 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,416 (2,434 )

8. RELATED PARTY DISCLOSURES

Dividends paid to the directors totalled £20,000 (2023 £34,000).