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REGISTERED NUMBER: SC656259 (Scotland)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Solutions Driven Ltd

Solutions Driven Ltd (Registered number: SC656259)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

Solutions Driven Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: G W Speirs
E McKay



SECRETARY:



REGISTERED OFFICE: 1 Carradale Crescent
Broadwood Business Park
Cumbernauld
Glasgow
G68 9LE



REGISTERED NUMBER: SC656259 (Scotland)



ACCOUNTANTS: Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY



BANKERS: Clydesdale Bank Plc
40 St Vincent Place
Glasgow
G1 2HL



SOLICITORS: McGinn Solicitors
4 Woodside Place
Glasgow
G3 7QF

Solutions Driven Ltd (Registered number: SC656259)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 933 2,533
Tangible assets 5 82,387 110,751
83,320 113,284

CURRENT ASSETS
Debtors 6 679,711 541,113
Cash at bank and in hand 400,306 541,320
1,080,017 1,082,433
CREDITORS
Amounts falling due within one year 7 497,964 513,922
NET CURRENT ASSETS 582,053 568,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

665,373

681,795

CREDITORS
Amounts falling due after more than one
year

8

(74,407

)

(86,798

)

PROVISIONS FOR LIABILITIES (5,544 ) (8,758 )
NET ASSETS 585,422 586,239

CAPITAL AND RESERVES
Called up share capital 310 310
Retained earnings 585,112 585,929
SHAREHOLDERS' FUNDS 585,422 586,239

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

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

Solutions Driven Ltd (Registered number: SC656259)

Balance Sheet - continued
31 December 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 26 March 2025 and were signed on its behalf by:





G W Speirs - Director


Solutions Driven Ltd (Registered number: SC656259)

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

1. STATUTORY INFORMATION

Solutions Driven Ltd is a private company, limited by shares , registered in Scotland. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

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

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 - 20% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 20% on cost

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 36 (2023 - 49 ) .

Solutions Driven Ltd (Registered number: SC656259)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2024
and 31 December 2024 8,000
AMORTISATION
At 1 January 2024 5,467
Charge for year 1,600
At 31 December 2024 7,067
NET BOOK VALUE
At 31 December 2024 933
At 31 December 2023 2,533

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 10,642 109,290 50,290 170,222
Additions - - 4,714 4,714
Disposals - - (312 ) (312 )
At 31 December 2024 10,642 109,290 54,692 174,624
DEPRECIATION
At 1 January 2024 6,951 27,323 25,197 59,471
Charge for year 2,129 20,492 10,181 32,802
Eliminated on disposal - - (36 ) (36 )
At 31 December 2024 9,080 47,815 35,342 92,237
NET BOOK VALUE
At 31 December 2024 1,562 61,475 19,350 82,387
At 31 December 2023 3,691 81,967 25,093 110,751

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 585,626 449,625
Other debtors 94,085 91,488
679,711 541,113

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 12,391 12,391
Trade creditors 122,390 165,035
Taxation and social security 229,162 190,091
Other creditors 134,021 146,405
497,964 513,922

Solutions Driven Ltd (Registered number: SC656259)

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

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 74,407 86,798

Solutions Driven Ltd

Report of the Accountants to the Directors of
Solutions Driven Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 December 2024 set out on pages two to six and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Gordon Ferguson & Co Ltd
76 Hamilton Road
Motherwell
Lanarkshire
ML1 3BY


26 March 2025