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Company Registration No. 10162333 (England and Wales)
Schift Solutions Ltd Unaudited accounts for the year ended 31 May 2024
Schift Solutions Ltd Unaudited accounts Contents
Page
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Schift Solutions Ltd Company Information for the year ended 31 May 2024
Director
Graham Kite
Company Number
10162333 (England and Wales)
Registered Office
71 - 75 Shelton Street London WC2H 9JQ
Accountants
Redwood Accountants 26 Martingale Grove Arborfield Green Reading Berkshire RG2 9HD
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Schift Solutions Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
579 
736 
Current assets
Debtors
96,818 
25,686 
Cash at bank and in hand
35,830 
30,904 
132,648 
56,590 
Creditors: amounts falling due within one year
(109,311)
(28,504)
Net current assets
23,337 
28,086 
Net assets
23,916 
28,822 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
23,816 
28,722 
Shareholders' funds
23,916 
28,822 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 January 2025 and were signed on its behalf by
Graham Kite Director Company Registration No. 10162333
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Schift Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Schift Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 10162333. The registered office is 71 - 75 Shelton Street, London, WC2H 9JQ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,985 
At 31 May 2024
1,985 
Depreciation
At 1 June 2023
1,249 
Charge for the year
157 
At 31 May 2024
1,406 
Net book value
At 31 May 2024
579 
At 31 May 2023
736 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
91,818 
25,686 
Amounts due from group undertakings etc.
5,000 
- 
96,818 
25,686 
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Schift Solutions Ltd Notes to the Accounts for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
8,347 
5,807 
Trade creditors
69,919 
8,789 
Taxes and social security
21,767 
12,403 
Loans from directors
928 
980 
Accruals
8,350 
525 
109,311 
28,504 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Graham Kite
Directors Loan
(980)
10,606 
10,554 
(928)
(980)
10,606 
10,554 
(928)
Loans are provided interest free with no set repayment terms.
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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