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Registration number: 08386337

Senior Authorised Personnel Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Senior Authorised Personnel Solutions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 8

 

Senior Authorised Personnel Solutions Limited

Company Information

Directors

Mrs N J Tucknott

Mr M Tucknott

Registered office

Unit 8a,
Stonefield Park Martins Lane
Chilbolton
Stockbridge
Hampshire
SO20 6BL

Accountants

Numeric Accounting
Chartered Certified AccountantsSuite 1 The Portway Centre
Old Sarum Park
Old Sarum
Salisbury
Wiltshire
SP4 6EB

 

Senior Authorised Personnel Solutions Limited

(Registration number: 08386337)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

92,503

120,798

Current assets

 

Debtors

5

60,962

122,611

Creditors: Amounts falling due within one year

6

(119,331)

(157,829)

Net current liabilities

 

(58,369)

(35,218)

Total assets less current liabilities

 

34,134

85,580

Creditors: Amounts falling due after more than one year

6

(30,610)

(50,898)

Net assets

 

3,524

34,682

Capital and reserves

 

Called up share capital

7

100

100

Retained earnings

3,424

34,582

Shareholders' funds

 

3,524

34,682

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 April 2025 and signed on its behalf by:
 

.........................................
Mrs N J Tucknott
Director

 

Senior Authorised Personnel Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Unit 8a,
Stonefield Park Martins Lane
Chilbolton
Stockbridge
Hampshire
SO20 6BL

These financial statements were authorised for issue by the Board on 29 April 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Senior Authorised Personnel Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Building

2% Straight Line

Plant and Machinery

33% Straight Line

Motor Vehicles

25% Straight Line

Fixtures and Fittings

33% Straight Line

Computer Equipment

33% Straight Line

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Senior Authorised Personnel Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

2

Accounting policies (continued)

Financial instruments

Classification
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity.
 Recognition and measurement
When a financial asset or financial liability is recognised initially, the entity shall measure it at the transaction price unless the arrangement constitutes, in effect, a financing transaction. An arrangement constitutes a financing transaction if payment is deferred beyond normal business terms or is financed at a rate of interest that is not a market rate.

At the end of each reporting period, an entity shall measure all financial instruments which constitute a financing arrangement at fair value and recognise changes in fair value in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 5).

4

Tangible assets

Land and buildings
£

Fixtures and fittings
£

Plant and machinery
£

Office equipment
£

Cost or valuation

At 1 August 2023

62,496

2,525

36,574

1,362

Additions

-

-

1,600

-

At 31 July 2024

62,496

2,525

38,174

1,362

Depreciation

At 1 August 2023

3,437

2,113

18,206

672

Charge for the year

1,250

337

7,854

305

At 31 July 2024

4,687

2,450

26,060

977

Carrying amount

At 31 July 2024

57,809

75

12,114

385

At 31 July 2023

59,059

412

18,368

690

 

Senior Authorised Personnel Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

4

Tangible assets (continued)

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

120,816

223,773

Additions

-

1,600

At 31 July 2024

120,816

225,373

Depreciation

At 1 August 2023

78,547

102,975

Charge for the year

20,149

29,895

At 31 July 2024

98,696

132,870

Carrying amount

At 31 July 2024

22,120

92,503

At 31 July 2023

42,269

120,798

The net book value of motor vehicles includes £15,872 (2023 - £28,120) in respect of assets leased under finance leases or hire purchase contracts.

Included within the net book value of land and buildings above is £57,809 (2023 - £59,059) in respect of freehold land and buildings.
 

5

Debtors

Current

2024
£

2023
£

Trade debtors

45,367

63,243

Prepayments

3,609

2,646

Other debtors

11,986

56,722

 

60,962

122,611

 

Senior Authorised Personnel Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

32,148

59,754

Trade creditors

 

10,956

111

Taxation and social security

 

64,306

87,001

Other creditors

 

11,921

10,963

 

119,331

157,829

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

30,610

50,898

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

18,463

30,033

Hire purchase contracts

12,147

20,865

30,610

50,898

Current loans and borrowings

 

Senior Authorised Personnel Solutions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024 (continued)

8

Loans and borrowings (continued)

2024
£

2023
£

Bank borrowings

5,537

5,537

Bank overdrafts

16,985

24,993

Hire purchase contracts

9,626

29,224

32,148

59,754

9

Dividends

2024

2023

£

£

Interim dividend of £1,312.00 (2023 - £Nil) per ordinary share

131,200

-

 

 

10

Related party transactions

Transactions with directors

2024

At 1 August 2023
£

Advances to director
£

Repayments by director
£

At 31 July 2024
£

Mrs N J Tucknott

The loan is interest free with no fixed date of repayment.

29,010

9,420

(28,793)

9,637

Mr M Tucknott

The loan is interest free with no fixed date of repayment.

22,713

4,133

(34,000)

(7,154)

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

43,479

127,953