Concept Financial Solutions Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 07198377 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st May 2026

for

Concept Financial Solutions Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I Harby

S M Davies

R Howarth

REGISTERED OFFICE:

17 Farrington Way

Eastwood

Nottinghamshire

NG16 3BF

REGISTERED NUMBER:

07198377 (England and Wales)

ACCOUNTANTS:

Noy & Partners Accountants Limited

17 Farrington Way

Eastwood

Nottingham

Nottinghamshire

NG16 3BF

FIXED ASSETS

Tangible assets

4

175,823

172,167

CURRENT ASSETS

Debtors

5

168,362

162,266

Cash at bank and in hand

50,975

57,696

219,337

219,962

CREDITORS

Amounts falling due within one year

6

198,686

204,039

NET CURRENT ASSETS

20,651

15,923

TOTAL ASSETS LESS CURRENT
LIABILITIES

196,474

188,090

CREDITORS

Amounts falling due after more than one
year

7

(106,144

)

(95,608

)

PROVISIONS FOR LIABILITIES

8

(43,956

)

(43,042

)

NET ASSETS

46,374

49,440

CAPITAL AND RESERVES

Called up share capital

9

453

Retained earnings

45,921

48,987

SHAREHOLDERS' FUNDS

46,374

49,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2026 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 22nd June 2026 and were signed on its behalf by:

I Harby - Director

1.	STATUTORY INFORMATION

Concept Financial 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

-

20% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

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 8 (2025 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

COST

At 1st June 2025

2,610

550

278,167

9,369

290,696

Additions

-

261

91,070

2,769

94,100

Disposals

-

(95,613

)

-

(95,613

)

At 31st May 2026

2,610

811

273,624

12,138

289,183

DEPRECIATION

At 1st June 2025

1,323

499

107,338

9,369

118,529

Charge for year

257

79

30,477

913

31,726

Eliminated on disposal

-

(36,895

)

-

(36,895

)

At 31st May 2026

1,580

578

100,920

10,282

113,360

NET BOOK VALUE

At 31st May 2026

1,030

233

172,704

1,856

175,823

At 31st May 2025

1,287

51

170,829

-

172,167

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Trade debtors

137,463

143,536

Other debtors

30,899

18,730

168,362

162,266

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2026

2025

£

Hire purchase contracts

37,200

36,000

Trade creditors

9,379

-

Taxation and social security

144,451

162,307

Other creditors

7,656

5,732

198,686

204,039

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR

2026

2025

£

Hire purchase contracts

106,144

95,608

8.	PROVISIONS FOR LIABILITIES

2026

2025

£

Deferred tax

43,956

43,042

Deferred

tax

£

Balance at 1st June 2025

43,042

Provided during year

914

Balance at 31st May 2026

43,956

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

150

A ORDINARY

£1

150

100

B NON VOTING

£1

100

C NON VOTING

£1

100

D NON VOTING

£1

100

1

E Non-Voting

£1

1

F Non-Voting

£1

1

G Non-Voting

£1

1

453