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Company Registration No. 11097425 (England and Wales)
Cyan Wealth Solutions Limited Unaudited accounts for the year ended 31 December 2024
Cyan Wealth Solutions Limited Unaudited accounts Contents
Page
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Cyan Wealth Solutions Limited Company Information for the year ended 31 December 2024
Directors
Simon Gilbert Ray Anne Marie Ray
Company Number
11097425 (England and Wales)
Registered Office
11 BRENDON CLOSE OLDLAND COMMON BRISTOL BS30 8QE UNITED KINGDOM
Accountants
Vertical Consulting Ltd 18 Wellington Park Clifton Bristol Bristol BS8 2UT
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Cyan Wealth Solutions Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
52,336 
41,650 
Current assets
Debtors
38,021 
17,944 
Cash at bank and in hand
285 
7,046 
38,306 
24,990 
Creditors: amounts falling due within one year
(34,071)
(55,859)
Net current assets/(liabilities)
4,235 
(30,869)
Total assets less current liabilities
56,571 
10,781 
Creditors: amounts falling due after more than one year
(40,893)
- 
Provisions for liabilities
Deferred tax
(13,084)
(10,413)
Net assets
2,594 
368 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
2,592 
366 
Shareholders' funds
2,594 
368 
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 6 August 2025 and were signed on its behalf by
Simon Gilbert Ray Director Company Registration No. 11097425
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Cyan Wealth Solutions Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
Cyan Wealth Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 11097425. The registered office is 11 BRENDON CLOSE, OLDLAND COMMON, BRISTOL, BS30 8QE, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
Over 6 years on cost ( on a straight line basis )
Motor vehicles
15% on a reducing balance basis
Computer equipment
Over 6 years on cost ( on a straight line basis )
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Cyan Wealth Solutions Limited Notes to the Accounts for the year ended 31 December 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2024
27,680 
49,790 
77,470 
Additions
4,773 
51,860 
56,633 
Disposals
- 
(49,790)
(49,790)
At 31 December 2024
32,453 
51,860 
84,313 
Depreciation
At 1 January 2024
21,254 
14,566 
35,820 
Charge for the year
2,944 
7,779 
10,723 
On disposals
- 
(14,566)
(14,566)
At 31 December 2024
24,198 
7,779 
31,977 
Net book value
At 31 December 2024
8,255 
44,081 
52,336 
At 31 December 2023
6,426 
35,224 
41,650 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
8,526 
3,369 
Accrued income and prepayments
29,495 
14,575 
38,021 
17,944 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,347 
6,260 
Obligations under finance leases and hire purchase contracts
4,875 
34,725 
Taxes and social security
11,451 
12,150 
Loans from directors
13,048 
935 
Accruals
1,350 
1,789 
34,071 
55,859 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
40,893 
- 
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Cyan Wealth Solutions Limited Notes to the Accounts for the year ended 31 December 2024
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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