SOLUTIONS GURU LTD - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09770516

FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2021

FOR

SOLUTIONS GURU LTD

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

N D SONAWANE

REGISTERED OFFICE:

25 Leeming Road, Borehamwood

Hertfordshire, England

WD6 4EB

REGISTERED NUMBER:

09770516

FIXED ASSETS

Tangible assets

4

1,035

1,380

CURRENT ASSETS

Debtors

32,093

59,956

Cash at bank

13,817

18

45,910

59,974

CREDITORS

Amounts falling due within one year

4,655

13,887

NET CURRENT ASSETS

41,255

46,087

TOTAL ASSETS LESS CURRENT LIABILITIES

42,290

47,467

CREDITORS

Amounts falling due after more than one year

5

20,000

-

NET ASSETS

22,290

47,467

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

6

22,280

47,457

22,290

47,467

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2021 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 28 February 2021 in accordance with Section 444(2A) of the Companies Act 2006.

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 12 July 2021 and were signed by:

N D SONAWANE - Director

1.	STATUTORY INFORMATION

SOLUTIONS GURU LTD is a private company, limited by shares , registered in Not specified/Other. 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.

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 etc

-

Straight line over 3 years

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 March 2020

and 28 February 2021

3,920

DEPRECIATION

At 1 March 2020

2,540

Charge for year

345

At 28 February 2021

2,885

NET BOOK VALUE

At 28 February 2021

1,035

At 29 February 2020

1,380

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

28.2.21

29.2.20

£

£

Repayable by instalments

Bank loans more 5 yr by instal

20,000

-

6.

RESERVES

Retained

earnings

£

At 1 March 2020

47,457

Deficit for the year

(23,177

)

Dividends

(2,000

)

At 28 February 2021

22,280