Resolving Limited - Accounts to registrar (filleted) - small 18.2
Resolving Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 1 May 2017 to 31 December 2017 |
for |
Resolving Limited |
Resolving Limited (Registered number: 08021550) |
Contents of the Financial Statements |
for the Period 1 May 2017 to 31 December 2017 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Resolving Limited (Registered number: 08021550) |
Balance Sheet |
31 December 2017 |
2017 | 2017 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 | 1,001 | 1,000 |
CURRENT ASSETS |
Debtors | 7 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 8 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS |
Resolving Limited (Registered number: 08021550) |
Balance Sheet - continued |
31 December 2017 |
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. |
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 |
Resolving Limited (Registered number: 08021550) |
Notes to the Financial Statements |
for the Period 1 May 2017 to 31 December 2017 |
1. | STATUTORY INFORMATION |
Resolving Limited is a |
registered number and registered office address are as below: |
Registered number: | 08021550 |
Registered office: | 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 period. |
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 |
Short leasehold | - |
Fixtures and fittings | - |
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. |
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. |
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 period was |
Resolving Limited (Registered number: 08021550) |
Notes to the Financial Statements - continued |
for the Period 1 May 2017 to 31 December 2017 |
4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1 May 2017 |
Additions |
At 31 December 2017 |
AMORTISATION |
At 1 May 2017 |
Charge for period |
At 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 30 April 2017 |
5. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 May 2017 |
Additions |
At 31 December 2017 |
DEPRECIATION |
At 1 May 2017 |
Charge for period |
At 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 30 April 2017 |
Resolving Limited (Registered number: 08021550) |
Notes to the Financial Statements - continued |
for the Period 1 May 2017 to 31 December 2017 |
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 May 2017 |
Additions |
At 31 December 2017 |
NET BOOK VALUE |
At 31 December 2017 |
At 30 April 2017 |
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2017 |
£ | £ |
Trade debtors |
Other debtors |
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2017 |
£ | £ |
Trade creditors |
Amounts owed to related parties |
Taxation and social security |
Other creditors |
9. | OTHER FINANCIAL COMMITMENTS |
At the period end the total financial commitments was £564,864. |
10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the period ended 31 December 2017 and the |
year ended 30 April 2017: |
2017 | 2017 |
£ | £ |
Amounts Advanced | 93,575 | 46,310 |
Amounts Repaid | (70,108 | ) | (48,514 | ) |
The loan to the director is repayable on demand. Interest is charged on loans at the official rate set by HMRC. |
11. | RELATED PARTY DISCLOSURES |
At the year end the total amount owned to group companies was £5,811 (30/04/17: £760). |
Resolving Limited (Registered number: 08021550) |
Notes to the Financial Statements - continued |
for the Period 1 May 2017 to 31 December 2017 |
12. | SHARE CAPITAL |
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 |
5,000 |
£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 |