Resolving Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 08021550 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 30 April 2016

for

Resolving Limited

Page

Abbreviated Balance Sheet

1

Notes to the Abbreviated Accounts

3

FIXED ASSETS

Intangible assets

2

224,343

151,960

Tangible assets

3

6,484

4,257

Investments

4

1,000

231,827

157,217

CURRENT ASSETS

Debtors

83,459

43,452

Cash at bank and in hand

106,320

89,087

189,779

132,539

CREDITORS

Amounts falling due within one year

171,762

95,355

NET CURRENT ASSETS

18,017

37,184

TOTAL ASSETS LESS CURRENT
LIABILITIES

249,844

194,401

CAPITAL AND RESERVES

Called up share capital

5

92,603

82,113

Share premium

1,778,201

830,941

Profit and loss account

(1,620,960

)

(718,653

)

SHAREHOLDERS' FUNDS

249,844

194,401

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 2 June 2016 and were signed on its behalf by:

J Walker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a

small company.

Turnover

Turnover represents the net invoice value, excluding value added tax, of sales relating to the year.

Development costs

Amortisation is provided on a straight line basis over 3 years in order to write off the cost less estimated residual

value of the asset over its estimated useful life.

Tangible fixed assets

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

Fixtures and fittings

-

Straight line over 4 years

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 the profit and loss account in the period to which they relate.

Going concern

The company has incurred losses in the last two consecutive year. However, the directors believes sufficient

financial resources are available to the company to enable it to continue trading into the foreseeable future.

Therefore, the financial statements have been prepared on a going concern basis.

Investments

Fixed asset investments are stated at cost less provision for permanent diminution in value.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

314,478

Additions

265,814

At 30 April 2016

580,292

AMORTISATION

At 1 May 2015

162,518

Amortisation for year

193,431

At 30 April 2016

355,949

NET BOOK VALUE

At 30 April 2016

224,343

At 30 April 2015

151,960

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

6,168

Additions

5,026

At 30 April 2016

11,194

DEPRECIATION

At 1 May 2015

1,911

Charge for year

2,799

At 30 April 2016

4,710

NET BOOK VALUE

At 30 April 2016

6,484

At 30 April 2015

4,257

4.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2015

and 30 April 2016

1,000

NET BOOK VALUE

At 30 April 2016

1,000

At 30 April 2015

1,000

The company's investments at the Balance Sheet date in the share capital of companies include the following:

resolvercouk Limited

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

100.00

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid;

Number

Class

Nominal value

2016

2015

82,113

Ordinary

£1

-

82,113

9,260,366

Ordinary

£0.01

92,603

-

92,603

82,113

On 18 May 2015, the issued Ordinary share of £82,113 were sub-divided to 8,211,300 Ordinary shares of £0.01

each.

On 9 December 2015, 600,136 Ordinary shares of £0.01 each were allotted and fully paid at a premium of

£0.903 per share.

On 29 April 2016, further 448,930 Ordinary shares of £0.01 each were allotted and fully paid at a premium of

£0.903 per share.

The company has the following number of ordinary shares issuable under share options;

Share scheme

Date of Grant

Number of
Ordinary
Shares Under
Option

Exercise
Price

Exercise
Period