Resolving Limited - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 08021550 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2017

for

Resolving Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Intangible assets

4

461,172

224,343

Tangible assets

5

21,609

6,484

Investments

6

1,000

1,000

483,781

231,827

CURRENT ASSETS

Debtors

7

194,350

83,459

Cash at bank and in hand

1,584,835

106,320

1,779,185

189,779

CREDITORS

Amounts falling due within one year

8

443,286

171,762

NET CURRENT ASSETS

1,335,899

18,017

TOTAL ASSETS LESS CURRENT LIABILITIES

1,819,680

249,844

CAPITAL AND RESERVES

Called up share capital

121,182

92,603

Share premium

4,664,624

1,778,201

Retained earnings

(2,966,126

)

(1,620,960

)

SHAREHOLDERS' FUNDS

1,819,680

249,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 1 November 2017 and were signed on its behalf by:

J Walker - Director

1.	STATUTORY INFORMATION

Resolving Limited is a private company, limited by shares, registered in England and Wales.

The company's registered number is 08021550 and registered office address is Treviot House, 186-192 High

Road, Ilford, Essex, IG1 1LR.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

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

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern

The company has incurred losses in the last two consecutive years. However, the directors believe 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2016 - 8 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 May 2016

580,292

Additions

558,851

At 30 April 2017

1,139,143

AMORTISATION

At 1 May 2016

355,949

Charge for year

322,022

At 30 April 2017

677,971

NET BOOK VALUE

At 30 April 2017

461,172

At 30 April 2016

224,343

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 May 2016

11,194

Additions

23,848

At 30 April 2017

35,042

DEPRECIATION

At 1 May 2016

4,710

Charge for year

8,723

At 30 April 2017

13,433

NET BOOK VALUE

At 30 April 2017

21,609

At 30 April 2016

6,484

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 May 2016

and 30 April 2017

1,000

NET BOOK VALUE

At 30 April 2017

1,000

At 30 April 2016

1,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

172,468

19,772

Other debtors

21,882

63,687

194,350

83,459

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade creditors

155,781

57,747

Amounts owed to related parties

760

1,000

Taxation and social security

94,996

27,181

Other creditors

191,749

85,834

443,286

171,762

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2017 and

30 April 2016:

2017

2016

£

£

J Walker

Balance outstanding at start of year

2,690

3,498

Amounts advanced

46,310

12,542

Amounts repaid

(48,514

)

(13,350

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

486

2,690

The loan to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC.

10.	SHARE CAPITAL

On 13th March 2017 convertible loans totalling £1,100,000 were converted into shares at share premium of

£1.01 per share. These shares rank pari passu with the existing shares.

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

Enterprise Management Incentives

30/01/2015

390,000

£0.01

31/01/2016 - 31/01/2026

Enterprise Management Incentives

10/03/2015

15,000

£0.01

11/03/2016 - 11/03/2026

Enterprise Management Incentives

08/06/2015

10,000

£0.01

09/06/2016 - 09/06/2026

Enterprise Management Incentives

21/09/2015

5,000

£0.01

22/09/2016 - 22/09/2026

Enterprise Management Incentives

01/12/2015

15,000

£0.01

02/12/2016 - 02/12/2026

Unapproved Share Option Scheme

02/05/2015

15,000

£0.01

03/05/2016 - 03/05/2026

11.	FIRST YEAR ADOPTION NOTE

There are no adjustments to be shown in a Reconciliation of Equity as at 1st May 2015 (date of transition to

FRS102).

There are also no adjustments to be made in the Reconciliation of Equity as at 30th April 2016 or in the

Reconciliation of Profit for the year ended 30tht April 2016, as a result of the transition to FRS102.