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REGISTERED NUMBER: 06911417 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

INSTANT SOLUTION LIMITED

INSTANT SOLUTION LIMITED (REGISTERED NUMBER: 06911417)

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


INSTANT SOLUTION LIMITED

Company Information
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: H Ali





SECRETARY:





REGISTERED OFFICE: Suite 303
Lester House Business Centre
21 Broad Street
Bury
Lancashire
BL9 0DA





REGISTERED NUMBER: 06911417 (England and Wales)

INSTANT SOLUTION LIMITED (REGISTERED NUMBER: 06911417)

Balance Sheet
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 21,976 -
Tangible assets 5 36,721 44,773
58,697 44,773

CURRENT ASSETS
Stocks 6 2,099,602 2,745,571
Debtors 7 2,051,902 5,904,262
Cash at bank and in hand 881,459 603,181
5,032,963 9,253,014
CREDITORS
Amounts falling due within one year 8 2,222,444 6,737,927
NET CURRENT ASSETS 2,810,519 2,515,087
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,869,216

2,559,860

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,869,116 2,559,760
SHAREHOLDERS' FUNDS 2,869,216 2,559,860

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 Income Statement has not been delivered.

INSTANT SOLUTION LIMITED (REGISTERED NUMBER: 06911417)

Balance Sheet - continued
31 MAY 2024



The financial statements were approved by the director and authorised for issue on 27 January 2025 and were signed by:





H Ali - Director


INSTANT SOLUTION LIMITED (REGISTERED NUMBER: 06911417)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

Instant Solution 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated ammortisation and any accumulated impairment losses.

Computer Software is being ammortised at 33% on reducing balance.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

INSTANT SOLUTION LIMITED (REGISTERED NUMBER: 06911417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 14 (2023 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
Additions 32,800
At 31 May 2024 32,800
AMORTISATION
Amortisation for year 10,824
At 31 May 2024 10,824
NET BOOK VALUE
At 31 May 2024 21,976

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 June 2023 17,618 58,463 21,825 97,906
Additions - - 3,715 3,715
At 31 May 2024 17,618 58,463 25,540 101,621
DEPRECIATION
At 1 June 2023 14,081 25,578 13,474 53,133
Charge for year 530 8,221 3,016 11,767
At 31 May 2024 14,611 33,799 16,490 64,900
NET BOOK VALUE
At 31 May 2024 3,007 24,664 9,050 36,721
At 31 May 2023 3,537 32,885 8,351 44,773

INSTANT SOLUTION LIMITED (REGISTERED NUMBER: 06911417)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 MAY 2024


6. STOCKS
2024 2023
£    £   
Stocks 2,099,602 2,745,571

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 716,878 5,253,691
Other debtors 552,735 535,210
Company Investments 103,880 112,346
Amounts due from Related
Undertakings 675,660 -
Prepayments 2,749 3,015
2,051,902 5,904,262

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 1,765,499 5,776,487
Corporation tax 123,674 112,499
Social security and other taxes 1,437 (726 )
Other creditors 259,518 810,067
Directors' current accounts 42,346 9,750
Accrued expenses 29,970 29,850
2,222,444 6,737,927

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
H Ali
Balance outstanding at start of year (9,750 ) 608,640
Amounts advanced 65,207 57,891
Amounts repaid (106,270 ) (676,281 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (50,813 ) (9,750 )

During the year, the company made advances to the director totalling £65,207. These advances were unsecured, interest free and repayable on demand. During the year, the director repaid a total of £106,270. At the balance sheet date, the outstanding balance was £NIL.

Dividends paid to the director totalled £50,000 (2023 - £50,000).