Severn Bay Corporate Solutions Ltd

Severn Bay Corporate Solutions Ltd

SEVERN BAY CORPORATE SOLUTIONS LTD - Company Information

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1 June 2021 false No description of principal activity Taxfiler 2022.8.3 07254924business:PrivateLimitedCompanyLtd2021-06-012022-05-31 072549242021-05-31 072549242021-06-012022-05-31 07254924business:AuditExemptWithAccountantsReport2021-06-012022-05-31 07254924business:FullAccounts2021-06-012022-05-31 072549242022-05-31 07254924business:Director12021-06-012022-05-31 07254924business:Director22021-06-012022-05-31 07254924business:Director32021-06-012022-05-31 07254924business:Director42021-06-012022-05-31 07254924business:CompanySecretary12021-06-012022-05-31 07254924business:RegisteredOffice2021-06-012022-05-31 072549242021-05-31 07254924core:WithinOneYear2022-05-31 07254924core:WithinOneYear2021-05-31 07254924core:AfterOneYear2022-05-31 07254924core:AfterOneYear2021-05-31 07254924core:ShareCapital2022-05-31 07254924core:ShareCapital2021-05-31 07254924core:SharePremium2022-05-31 07254924core:SharePremium2021-05-31 07254924core:RetainedEarningsAccumulatedLosses2022-05-31 07254924core:RetainedEarningsAccumulatedLosses2021-05-31 07254924business:SmallEntities2021-06-012022-05-31 07254924countries:EnglandWales2021-06-012022-05-31 07254924core:FurnitureFittings2021-06-012022-05-31 07254924core:PlantMachinery2021-05-31 07254924core:FurnitureFittings2021-05-31 07254924core:ComputerEquipment2021-05-31 07254924core:PlantMachinery2021-06-012022-05-31 07254924core:ComputerEquipment2021-06-012022-05-31 07254924core:PlantMachinery2022-05-31 07254924core:FurnitureFittings2022-05-31 07254924core:ComputerEquipment2022-05-31 072549242020-06-012021-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07254924 (England and Wales)
Severn Bay Corporate Solutions Ltd Unaudited accounts for the year ended 31 May 2022
Severn Bay Corporate Solutions Ltd Unaudited accounts Contents
Page
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Severn Bay Corporate Solutions Ltd Company Information for the year ended 31 May 2022
Directors
Nigel Adams Karen Adams Peter Fortune David Norrington
Secretary
Karen Adams
Company Number
07254924 (England and Wales)
Registered Office
11 DRAKE WALK BRIGANTINE PLACE CARDIFF CF10 4AN
Accountants
No Nonsense Accountancy Ltd 15 Cwrt Syr Dafydd Llantwit Major Vale of Glamorgan CF61 2SR
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Severn Bay Corporate Solutions Ltd for the year ended 31 May 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Severn Bay Corporate Solutions Ltd for the year ended 31 May 2022 as set out on pages 5 - 7 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
Our work has been undertaken in accordance with AAF 7/16 as detailed at icaew.com/compilation.
No Nonsense Accountancy Ltd Chartered Accountants 15 Cwrt Syr Dafydd Llantwit Major Vale of Glamorgan CF61 2SR 14 June 2022
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Severn Bay Corporate Solutions Ltd Statement of financial position as at 31 May 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
5,511 
7,216 
Current assets
Debtors
5
44,819 
49,325 
Cash at bank and in hand
25,615 
10,874 
70,434 
60,199 
Creditors: amounts falling due within one year
6
(5,246)
(13,012)
Net current assets
65,188 
47,187 
Total assets less current liabilities
70,699 
54,403 
Creditors: amounts falling due after more than one year
7
(23,611)
(30,000)
Net assets
47,088 
24,403 
Capital and reserves
Called up share capital
190 
190 
Share premium
79,823 
89,910 
Profit and loss account
(32,925)
(65,697)
Shareholders' funds
47,088 
24,403 
For the year ending 31 May 2022 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 18 August 2022 and were signed on its behalf by
Nigel Adams Director Company Registration No. 07254924
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Severn Bay Corporate Solutions Ltd Notes to the Accounts for the year ended 31 May 2022
1
Statutory information
Severn Bay Corporate Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 07254924. The registered office is 11 DRAKE WALK , BRIGANTINE PLACE, CARDIFF, CF10 4AN.
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.
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:
Fixtures & fittings
15% Straight Line
4
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 June 2021
16,378 
1,995 
950 
19,323 
Additions
- 
- 
1,029 
1,029 
At 31 May 2022
16,378 
1,995 
1,979 
20,352 
Depreciation
At 1 June 2021
9,848 
1,995 
264 
12,107 
Charge for the year
2,457 
- 
277 
2,734 
At 31 May 2022
12,305 
1,995 
541 
14,841 
Net book value
At 31 May 2022
4,073 
- 
1,438 
5,511 
At 31 May 2021
6,530 
- 
686 
7,216 
5
Debtors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade debtors
43,819 
19,114 
Other debtors
1,000 
30,211 
44,819 
49,325 
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Severn Bay Corporate Solutions Ltd Notes to the Accounts for the year ended 31 May 2022
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
(16,608)
(8,975)
Taxes and social security
4,639 
2,527 
Other creditors
4,064 
(856)
Loans from directors
9,700 
10,000 
Accruals
3,451 
10,316 
5,246 
13,012 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
23,611 
30,000 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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