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REGISTERED NUMBER: 06262312 (England and Wales)















Soltys Brewster Consulting Limited

Unaudited Financial Statements for the Year Ended 31 May 2024






Soltys Brewster Consulting Limited (Registered number: 06262312)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Soltys Brewster Consulting Limited

Company Information
for the Year Ended 31 May 2024







Director: Mr S Brewster





Registered office: 4 Stangate House
Stanwell Road
PENARTH
CF64 2AA





Registered number: 06262312 (England and Wales)





Accountants: Haines Watts Wales LLP
7 Neptune Court
Vanguard Way
Cardiff
CF24 5PJ

Soltys Brewster Consulting Limited (Registered number: 06262312)

Balance Sheet
31 May 2024

2024 2023
Notes £    £   
Fixed assets
Intangible assets 4 136,050 181,400
Tangible assets 5 34,779 53,666
170,829 235,066

Current assets
Debtors 6 185,025 176,918
Cash at bank and in hand 129,369 197,595
314,394 374,513
Creditors
Amounts falling due within one year 7 (118,761 ) (132,469 )
Net current assets 195,633 242,044
Total assets less current liabilities 366,462 477,110

Creditors
Amounts falling due after more than one year 8 (11,160 ) (20,930 )

Provisions for liabilities (8,494 ) (13,172 )
Net assets 346,808 443,008

Capital and reserves
Called up share capital 9 240 240
Retained earnings 10 346,568 442,768
Shareholders' funds 346,808 443,008

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.

Soltys Brewster Consulting Limited (Registered number: 06262312)

Balance Sheet - continued
31 May 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 director and authorised for issue on 16 January 2025 and were signed by:





Mr S Brewster - Director


Soltys Brewster Consulting Limited (Registered number: 06262312)

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

1. Statutory information

Soltys Brewster Consulting Limited 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 represents amounts chargeable, net of value added tax, in respect of consultancy fees.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life. It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Goodwill is amortised on a straight line basis at 5%, as at 31 May 2024 there is 3 years left to amortise.

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.
Improvements to property - 20% on reducing balance
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% on reducing balance

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.

Foreign currencies
Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included in the profit and loss account.

Soltys Brewster Consulting Limited (Registered number: 06262312)

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

2. Accounting policies - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

3. Employees and directors

The average number of employees during the year was 11 (2023 - 10 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 June 2023
and 31 May 2024 907,000
Amortisation
At 1 June 2023 725,600
Amortisation for year 45,350
At 31 May 2024 770,950
Net book value
At 31 May 2024 136,050
At 31 May 2023 181,400

5. Tangible fixed assets
Improvements Fixtures
to Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
Cost
At 1 June 2023 1,768 8,206 8,175 149,382 167,531
Additions - - - 12,957 12,957
Disposals - - - (802 ) (802 )
At 31 May 2024 1,768 8,206 8,175 161,537 179,686
Depreciation
At 1 June 2023 1,608 7,338 6,488 98,431 113,865
Charge for year 160 868 1,687 28,571 31,286
Eliminated on disposal - - - (244 ) (244 )
At 31 May 2024 1,768 8,206 8,175 126,758 144,907
Net book value
At 31 May 2024 - - - 34,779 34,779
At 31 May 2023 160 868 1,687 50,951 53,666

Soltys Brewster Consulting Limited (Registered number: 06262312)

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

6. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 167,444 152,327
Other debtors 45 45
Prepayments 17,536 24,546
185,025 176,918

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 7,651 15,157
Tax 24,208 36,364
Social security and other taxes 4,622 3,870
VAT 54,706 31,724
Other creditors 7,417 6,017
Accrued expenses 10,157 29,337
118,761 132,469

8. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 1,160 10,930
11,160 20,930

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
200 A Ordinary 1 200 200
20 B Ordinary 1 20 20
20 C ordinary 1 20 20
240 240

10. Reserves
Retained
earnings
£   

At 1 June 2023 442,768
Profit for the year 20,550
Dividends (116,750 )
At 31 May 2024 346,568

11. Ultimate controlling party

The ultimate controlling party is Mr S Brewster.