IRIS Accounts Production v25.1.3.33 07696900 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh076969002023-07-31076969002024-07-31076969002023-08-012024-07-31076969002022-07-31076969002022-08-012023-07-31076969002023-07-3107696900ns15:EnglandWales2023-08-012024-07-3107696900ns14:PoundSterling2023-08-012024-07-3107696900ns10:Director12023-08-012024-07-3107696900ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3107696900ns10:SmallEntities2023-08-012024-07-3107696900ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3107696900ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3107696900ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107696900ns10:FullAccounts2023-08-012024-07-310769690012023-08-012024-07-3107696900ns10:Director22023-08-012024-07-3107696900ns10:RegisteredOffice2023-08-012024-07-3107696900ns5:CurrentFinancialInstruments2024-07-3107696900ns5:CurrentFinancialInstruments2023-07-3107696900ns5:Non-currentFinancialInstruments2024-07-3107696900ns5:Non-currentFinancialInstruments2023-07-3107696900ns5:ShareCapital2024-07-3107696900ns5:ShareCapital2023-07-3107696900ns5:RetainedEarningsAccumulatedLosses2024-07-3107696900ns5:RetainedEarningsAccumulatedLosses2023-07-3107696900ns5:NetGoodwill2023-08-012024-07-3107696900ns5:IntangibleAssetsOtherThanGoodwill2023-08-012024-07-3107696900ns5:ComputerEquipment2023-08-012024-07-3107696900ns5:NetGoodwill2023-07-3107696900ns5:NetGoodwill2024-07-3107696900ns5:NetGoodwill2023-07-3107696900ns5:PlantMachinery2023-07-3107696900ns5:FurnitureFittings2023-07-3107696900ns5:ComputerEquipment2023-07-3107696900ns5:PlantMachinery2023-08-012024-07-3107696900ns5:FurnitureFittings2023-08-012024-07-3107696900ns5:PlantMachinery2024-07-3107696900ns5:FurnitureFittings2024-07-3107696900ns5:ComputerEquipment2024-07-3107696900ns5:PlantMachinery2023-07-3107696900ns5:FurnitureFittings2023-07-3107696900ns5:ComputerEquipment2023-07-3107696900ns5:WithinOneYearns5:CurrentFinancialInstruments2024-07-3107696900ns5:WithinOneYearns5:CurrentFinancialInstruments2023-07-3107696900ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2024-07-3107696900ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-07-31
REGISTERED NUMBER: 07696900 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Celeritas Solutions Limited

Celeritas Solutions Limited (Registered number: 07696900)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Celeritas Solutions Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: P J Stirling
Mrs S Stirling





REGISTERED OFFICE: Unit 7 Hemingway Centre
Brunel Way
Thornbury
Bristol
BS35 3UR





REGISTERED NUMBER: 07696900 (England and Wales)





ACCOUNTANTS: King Watkins Ltd
The Island House
Midsomer Norton
Radstock
Somerset
BA3 2DZ

Celeritas Solutions Limited (Registered number: 07696900)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 74,051 91,686
74,051 91,686

CURRENT ASSETS
Stocks 6 31,086 31,086
Debtors 7 577,991 604,760
Cash at bank 2,323 12,925
611,400 648,771
CREDITORS
Amounts falling due within one year 8 610,905 565,216
NET CURRENT ASSETS 495 83,555
TOTAL ASSETS LESS CURRENT LIABILITIES 74,546 175,241

CREDITORS
Amounts falling due after more than one year 9 167,007 186,014
NET LIABILITIES (92,461 ) (10,773 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (92,561 ) (10,873 )
SHAREHOLDERS' FUNDS (92,461 ) (10,773 )

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

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

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 21 July 2025 and were signed on its behalf by:





P J Stirling - Director


Celeritas Solutions Limited (Registered number: 07696900)

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

1. STATUTORY INFORMATION

Celeritas 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.

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 2013, is being amortised evenly over its estimated useful life of four 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.
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 38 ) .

Celeritas Solutions Limited (Registered number: 07696900)

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 4,000
AMORTISATION
At 1 August 2023
and 31 July 2024 4,000
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 August 2023 111,197 42,705 12,813 166,715
Additions 4,390 - 2,657 7,047
At 31 July 2024 115,587 42,705 15,470 173,762
DEPRECIATION
At 1 August 2023 42,196 25,109 7,724 75,029
Charge for year 18,348 4,398 1,936 24,682
At 31 July 2024 60,544 29,507 9,660 99,711
NET BOOK VALUE
At 31 July 2024 55,043 13,198 5,810 74,051
At 31 July 2023 69,001 17,596 5,089 91,686

6. STOCKS
31.7.24 31.7.23
£    £   
Stocks 31,086 31,086

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 315,544 335,105
Amounts recoverable on contract 155,806 155,806
Other debtors 4,600 4,600
VAT - 7,208
Prepayments 102,041 102,041
577,991 604,760

Celeritas Solutions Limited (Registered number: 07696900)

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

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 51,455 84,342
Trade creditors 494,564 453,976
Social security and other taxes 20,368 (47 )
VAT 17,793 -
Other creditors 10,725 10,945
Directors' current accounts 15,000 15,000
Accrued expenses 1,000 1,000
610,905 565,216

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans - 2-5 years 152,021 163,368
Hire purchase contracts 14,986 22,646
167,007 186,014

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31st July 2024, the company owed Mr P Stirling £15,000.

11. ULTIMATE CONTROLLING PARTY

During the year under review, the company was under the control of Mr B Chater and Mr P Stirling.