Solutions Accountants and Financial Services Ltd

Solutions Accountants and Financial Services Ltd
Contents Page
For the year ended 23 February 2025

Statement of financial position	1
Notes to the financial statements	2

Solutions Accountants and Financial Services Ltd
Statement of Financial Position
As at 23 February 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	7,578	7,751
		7,578	7,751
Current assets
Debtors: amounts falling due within one year		385	14,230
Cash at bank and in hand		22,298	2,434
		22,683	16,664
Creditors: amount falling due within one year		(23,612)	(18,477)
Net current assets		(929)	(1,813)

Total assets less current liabilities		6,649	5,938
Creditors: amount falling due after more than one year		(3,036)	(7,263)
Net assets		3,613	(1,325)

Capital and reserves
Called up share capital		1	1
Profit and loss account		3,612	(1,326)
Shareholders' funds		3,613	(1,325)

For the year ended 23 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 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. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The financial statements were approved by the director on 20 November 2025 and were signed by:

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Qazi Naveed Arshad
Director

1

Solutions Accountants and Financial Services Ltd
Notes to the Abridged Financial Statements
For the year ended 23 February 2025

General Information

Solutions Accountants and Financial Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07963164, registration address 149 Radford Road, Nottingham, NG7 5EH.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities

Turnover

Turnover is calculated gross as the company is not VAT registered, The turnover represents the total amount of services provided during the accounting period.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Taxation

Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted

Tangible fixed assets

Depreciation is charged on a reducing balance basis to write of cost of intangible and tangible fixed assets over their estimated useful lives at the following rates.

Computer Equipment	18% Reducing Balance
Fixtures and Fittings	6% Reducing Balance

2.	Average number of employees Average number of employees during the year was 3 (2024 : 3).

3.

Tangible fixed assets

Cost or valuation	Fixtures and Fittings	Computer Equipment	Total
	£	£	£
At 24 February 2024	7,500	4,520	12,020
Additions	-	549	549
Disposals	-	-	-
At 23 February 2025	7,500	5,069	12,569
Depreciation
At 24 February 2024	1,649	2,620	4,269
Charge for year	351	371	722
On disposals	-	-	-
At 23 February 2025	2,000	2,991	4,991
Net book values
Closing balance as at 23 February 2025	5,500	2,078	7,578
Opening balance as at 24 February 2024	5,851	1,900	7,751

2

Registered Number: 07963164
England and Wales
SOLUTIONS ACCOUNTANTS AND FINANCIAL SERVICES LTD

Abridged Accounts

Period of accounts Start date: 24 February 2024 End date: 23 February 2025