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REGISTERED NUMBER: 05446542 (England and Wales)















Solutions 4 Science Limited

Unaudited Financial Statements

for the Year Ended 31 March 2024






Solutions 4 Science Limited (Registered number: 05446542)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Solutions 4 Science Limited

Company Information
for the year ended 31 March 2024







Director: M Walsh





Secretary: K Walsh





Registered office: 16 Campbell Court
Bramley
Tadley
Hampshire
RG26 5EG





Registered number: 05446542 (England and Wales)





Accountants: Cooper Parry Advisory Limited
New Derwent House
69-73 Theobalds Road
London
WC1X 8TA

Solutions 4 Science Limited (Registered number: 05446542)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
Fixed assets
Tangible assets 4 323,261 286,883

Current assets
Debtors 5 136,520 132,765
Cash at bank and in hand 2,111 7,122
138,631 139,887
Creditors
Amounts falling due within one year 6 285,273 270,986
Net current liabilities (146,642 ) (131,099 )
Total assets less current liabilities 176,619 155,784

Creditors
Amounts falling due after more than one
year

7

(65,763

)

(78,735

)

Provisions for liabilities (20,174 ) (13,875 )
Net assets 90,682 63,174

Capital and reserves
Called up share capital 8 100 100
Revaluation reserve 38,860 38,860
Retained earnings 51,722 24,214
Shareholders' funds 90,682 63,174

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 Profit and Loss has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 March 2025 and were signed by:



M Walsh - Director


Solutions 4 Science Limited (Registered number: 05446542)

Notes to the Financial Statements
for the year ended 31 March 2024


1. Statutory information

Solutions 4 Science 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

Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest pound.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties. The principal accounting policies adopted are set out below.

Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings leasehold1% straight line
Fixtures, fittings & equipment25% reducing balance
Motor vehicles25% reducing balance
Plant and machinery25% reducing balance

The leasehold was revalued on transition, and is now carried at valuation less annual deprecation charge, and reviewed for impairment.

Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction.

Solutions 4 Science Limited (Registered number: 05446542)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. Accounting policies - continued

Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation
The tax expense represents the sum of the tax currently payable.

Current tax
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Leases
Leases including hire purchase are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases and hire purchase are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to the profit and loss account so as to produce a constant periodic rate of interest on the remaining balance of the liability.

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.

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Reporting period
The prior year financial statements cover a shortened period, hence the comparatives are not entirely comparable.

3. Employees and directors

The average number of employees during the year was 9 (2023 - 9 ) .

Solutions 4 Science Limited (Registered number: 05446542)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


4. Tangible fixed assets
Fixtures
Long Plant and and Motor
leasehold machinery fittings vehicles Totals
£ £ £ £ £
Cost
At 1 April 2023 215,000 4,515 319,033 139,268 677,816
Additions - 5,871 35,979 42,440 84,290
Disposals - - - (76,808 ) (76,808 )
At 31 March 2024 215,000 10,386 355,012 104,900 685,298
Depreciation
At 1 April 2023 16,842 282 275,369 98,440 390,933
Charge for year 2,150 2,526 17,380 8,528 30,584
Eliminated on disposal - - - (59,480 ) (59,480 )
At 31 March 2024 18,992 2,808 292,749 47,488 362,037
Net book value
At 31 March 2024 196,008 7,578 62,263 57,412 323,261
At 31 March 2023 198,158 4,233 43,664 40,828 286,883

The leasehold land and buildings were valued on an open market basis by a firm of qualified independent Chartered Surveyors. The valuation took place on 18th March 2016 on behalf of the company.

The director has since reviewed the value of the leasehold property, and it is his view that the fair value of £215,000 is complete and accurate. Therefore a formal valuation is not considered necessary in the current year.

The leasehold property with a carrying amount of £215,000 (2023 - £215,000) has been pledged to secure borrowings of the company. The company is not allowed to pledge these assets as security for other borrowings or to sell them to another entity.

5. Debtors: amounts falling due within one year
2024 2023
£ £
Trade debtors 126,041 118,679
Other debtors 10,479 14,086
136,520 132,765

6. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 28,832 25,644
Hire purchase contracts 8,563 6,499
Trade creditors 13,773 5,041
Taxation and social security 104,750 98,180
Other creditors 129,355 135,622
285,273 270,986

Bank loans falling due within one year are secured by a legal charge over the property, unit 16 Campbell Court, Bramley, Hampshire. Included in other creditors is £81,749 (2023 - £65,857) secured on the trade debtors of the company.

Hire purchase falling due within than one year is secured against the relevant fixed assets.

Solutions 4 Science Limited (Registered number: 05446542)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


7. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans 29,925 50,263
Hire purchase contracts 15,699 -
Other creditors 20,139 28,472
65,763 78,735

Bank loans falling due after more than one year are secured by a legal charge over the property, unit 16 Campbell Court, Bramley, Hampshire. Hire purchase falling due after more than one year is secured against the relevant fixed assets.

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
100 Ordinary £1 100 100