REGISTERED NUMBER: 10102910 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Switched Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S D Collins

REGISTERED OFFICE:

Unit C

Windmill House Estate

Showfield Lane

Malton

North Yorkshire

YO17 6BT

REGISTERED NUMBER:

10102910 (England and Wales)

ACCOUNTANTS:

Hardcastle France

Chartered Accountants

30 Yorkersgate

Malton

North Yorkshire

YO17 7AW

FIXED ASSETS

Tangible assets

4

14,456

17,117

CURRENT ASSETS

Stocks

82,446

77,899

Debtors

5

141,403

271,145

Cash at bank and in hand

24,317

87,184

248,166

436,228

CREDITORS

Amounts falling due within one year

6

463,491

408,288

NET CURRENT (LIABILITIES)/ASSETS

(215,325

)

27,940

TOTAL ASSETS LESS CURRENT LIABILITIES

(200,869

)

45,057

PROVISIONS FOR LIABILITIES

2,747

3,252

NET (LIABILITIES)/ASSETS

(203,616

)

41,805

CAPITAL AND RESERVES

Called up share capital

7

1,000

1,000

Retained earnings

(204,616

)

40,805

SHAREHOLDERS' FUNDS

(203,616

)

41,805

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 18 November 2025 and were signed by:

S D Collins - Director

1.	STATUTORY INFORMATION

Switched 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.

The director considers the use of going concern basis of preparation to be appropriate having considered the ability of the company to continue to trade for at least the next 12 months and the provision of finance by the director if required.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Stocks

Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 23 (2024 - 20 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

7,817

6,003

18,850

2,948

35,618

Additions

3,653

-

-

815

4,468

At 31 March 2025

11,470

6,003

18,850

3,763

40,086

DEPRECIATION

At 1 April 2024

5,027

2,512

8,275

2,687

18,501

Charge for year

1,933

524

4,338

334

7,129

At 31 March 2025

6,960

3,036

12,613

3,021

25,630

NET BOOK VALUE

At 31 March 2025

4,510

2,967

6,237

742

14,456

At 31 March 2024

2,790

3,491

10,575

261

17,117

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

141,215

267,901

Other debtors

188

3,244

141,403

271,145

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

235,112

127,188

Trade creditors

118,069

190,317

Taxation and social security

41,688

76,893

Other creditors

68,622

13,890

463,491

408,288

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

1,000

Ordinary

£1

1,000

1,000

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year, the director of the company, provided a personal guarantee in respect of the company's bank loan facility totalling to £183,445 (2024: 97,134).