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REGISTERED NUMBER: 08272027 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

44 Benefit Solutions Limited

44 Benefit Solutions Limited (Registered number: 08272027)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


44 Benefit Solutions Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: S J Clark
R P Noble
Mrs K St Pier





REGISTERED OFFICE: Create Business Hub
5 Rayleigh Road
Hutton
Brentwood
Essex
CM13 1AB





REGISTERED NUMBER: 08272027 (England and Wales)





ACCOUNTANTS: Xeinadin South East Limited
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

44 Benefit Solutions Limited (Registered number: 08272027)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 60,480 76,021

CURRENT ASSETS
Debtors 5 670,467 630,385
Cash at bank 222,989 94,635
893,456 725,020
CREDITORS
Amounts falling due within one year 6 164,380 160,828
NET CURRENT ASSETS 729,076 564,192
TOTAL ASSETS LESS CURRENT
LIABILITIES

789,556

640,213

CREDITORS
Amounts falling due after more than one
year

7

38,859

47,385
NET ASSETS 750,697 592,828

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings 750,587 592,718
SHAREHOLDERS' FUNDS 750,697 592,828

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

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

44 Benefit Solutions Limited (Registered number: 08272027)

Balance Sheet - continued
31 October 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 Board of Directors and authorised for issue on 19 February 2025 and were signed on its behalf by:





R P Noble - Director


44 Benefit Solutions Limited (Registered number: 08272027)

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

1. STATUTORY INFORMATION

44 Benefit Solutions 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.

The company is not part of a group.

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.

Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and value added tax.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at the following annual rates, in order to write off each asset over its estimated useful life:

- Plant & Machinery etc. - Straight line over 3 years and 20% reducing balance

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, and loans to and from related parties.

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.

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.

44 Benefit Solutions Limited (Registered number: 08272027)

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

2. ACCOUNTING POLICIES - continued

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

Loans receivable are measured initially and subsequently at transaction price, which is not materially different to amortised cost using the effective interest rate method.

Debtors over one year are at historic cost as the difference between this and amortised cost is not material.

Creditors
Short terms creditors are measured at the price.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 86,434
Additions 4,582
At 31 October 2024 91,016
DEPRECIATION
At 1 November 2023 10,413
Charge for year 20,123
At 31 October 2024 30,536
NET BOOK VALUE
At 31 October 2024 60,480
At 31 October 2023 76,021

44 Benefit Solutions Limited (Registered number: 08272027)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 November 2023
and 31 October 2024 77,001
DEPRECIATION
At 1 November 2023 2,989
Charge for year 17,935
At 31 October 2024 20,924
NET BOOK VALUE
At 31 October 2024 56,077
At 31 October 2023 74,012

5. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 12,068 4,472
Other debtors 5,449 10,688
17,517 15,160

Amounts falling due after more than one year:
Other debtors 652,950 615,225

Aggregate amounts 670,467 630,385

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Finance leases 8,526 8,526
Trade creditors 1,648 782
Taxation and social security 143,322 141,687
Other creditors 10,884 9,833
164,380 160,828

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Finance leases 38,859 47,385

44 Benefit Solutions Limited (Registered number: 08272027)

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

8. RELATED PARTY DISCLOSURES

At the balance sheet date an amount of £642,940 (2023: £605,215) was due to the company from Noble Property Consultants Limited, a company in which R Noble is also a director and shareholder of.

This balance is included within other debtors.