Unbounded Solutions Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01159109 (England and Wales)

Financial Statements for the Year Ended 31 December 2021

for

Unbounded Solutions Limited

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Mr G S Cartmell

SECRETARY:

Mrs C E Cartmell

REGISTERED OFFICE:

19 Park Street

Lytham St Annes

Lanchashire

FY8 5LU

REGISTERED NUMBER:

01159109 (England and Wales)

ACCOUNTANTS:

Ashworth Treasure Limited

Chartered Accountants

17-19 Park Street

Lytham

Lancashire

FY8 5LU

FIXED ASSETS

Tangible assets

4

2,684

1,850

Investment property

5

362,690

362,690

365,374

364,540

CURRENT ASSETS

Debtors

4,188

10,884

Cash at bank

119,876

142,191

124,064

153,075

CREDITORS

Amounts falling due within one year

170,640

85,097

NET CURRENT (LIABILITIES)/ASSETS

(46,576

)

67,978

TOTAL ASSETS LESS CURRENT LIABILITIES

318,798

432,518

CREDITORS

Amounts falling due after more than one year

47,844

64,852

NET ASSETS

270,954

367,666

CAPITAL AND RESERVES

Called up share capital

500

500

Capital redemption reserve

50,000

50,000

Retained earnings

220,454

317,166

SHAREHOLDERS' FUNDS

270,954

367,666

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 31 December 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 21 April 2022 and were signed by:

Mr G S Cartmell - Director

1.	STATUTORY INFORMATION

Unbounded 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.

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

-

25% on reducing balance and at varying rates on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

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 2 (2020 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 January 2021

83,521

Additions

2,295

Disposals

(55,406

)

At 31 December 2021

30,410

DEPRECIATION

At 1 January 2021

81,671

Charge for year

1,461

Eliminated on disposal

(55,406

)

At 31 December 2021

27,726

NET BOOK VALUE

At 31 December 2021

2,684

At 31 December 2020

1,850

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2021

and 31 December 2021

362,690

NET BOOK VALUE

At 31 December 2021

362,690

At 31 December 2020

362,690

6.	SECURED DEBTS

The following secured debts are included within creditors:

2021

2020

£

£

Bank loans

69,621

90,688

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The total amount owing to the director at the year end was £145,380 (2020: £54,482).

8.	ULTIMATE CONTROLLING PARTY