Registered number
05502065
London Solutions Ltd
Filleted Accounts
31 January 2025
London Solutions Ltd
Registered number: 05502065
Balance Sheet
as at 31 January 2025
Notes 2025 2024
£ £
Fixed assets
Tangible assets 3 925 885
Current assets
Stocks 2,105 5,000
Debtors 4 98,449 102,164
Cash at bank and in hand 47,745 32,636
148,299 139,800
Creditors: amounts falling due within one year 5 (77,637) (32,956)
Net current assets 70,662 106,844
Net assets 71,587 107,729
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 70,587 106,729
Shareholders' funds 71,587 107,729
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Hassan Hashemi
Director
Approved by the board on 2 October 2025
London Solutions Ltd
Notes to the Accounts
for the year ended 31 January 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% RBM
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2025 2024
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Computer Equipment Fixture and Fittings Total
£ £ £
Cost
At 1 February 2024 8,702 46,609 55,311
Additions 349 - 349
At 31 January 2025 9,051 46,609 55,660
Depreciation
At 1 February 2024 8,288 46,138 54,426
Charge for the year 191 118 309
At 31 January 2025 8,479 46,256 54,735
Net book value
At 31 January 2025 572 353 925
At 31 January 2024 414 471 885
4 Debtors 2025 2024
£ £
Trade debtors 90 -
Amounts owed by group undertakings and undertakings in which the company has a participating interest 1,179 1,179
Other debtors 97,180 100,985
98,449 102,164
5 Creditors: amounts falling due within one year 2025 2024
£ £
Trade creditors 33,869 26,455
Amounts owed to group undertakings and undertakings in which the company has a participating interest 35,563 -
Taxation and social security costs (1,132) 5,588
Other creditors 9,337 913
77,637 32,956
6 Other information
London Solutions Ltd is a private company limited by shares and incorporated in England. Its registered office is:
4 Montpelier Street
London
United Kingdom
SW7 1EE
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