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REGISTERED NUMBER: 08640857 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2021

FOR

INSOLVE PLUS LTD

INSOLVE PLUS LTD (REGISTERED NUMBER: 08640857)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INSOLVE PLUS LTD

COMPANY INFORMATION
for the Year Ended 31 August 2021







DIRECTORS: A H Hyams
L Hinton





SECRETARY:





REGISTERED OFFICE: Allan House
10 John Princes Street
London
W1G 0AH





REGISTERED NUMBER: 08640857 (England and Wales)





ACCOUNTANTS: Stein Richards
Chartered Accountants
10 London Mews
Paddington
London
W2 1HY

INSOLVE PLUS LTD (REGISTERED NUMBER: 08640857)

BALANCE SHEET
31 August 2021

31.8.21 31.8.20
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 247,200 267,800
Tangible assets 5 15,379 1,184
262,579 268,984

CURRENT ASSETS
Stocks 293,778 305,014
Debtors 6 52,480 120,150
Cash at bank 323,757 243,161
670,015 668,325
CREDITORS
Amounts falling due within one year 7 591,577 564,978
NET CURRENT ASSETS 78,438 103,347
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,017

372,331

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 340,917 372,231
SHAREHOLDERS' FUNDS 341,017 372,331

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2021 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.

INSOLVE PLUS LTD (REGISTERED NUMBER: 08640857)

BALANCE SHEET - continued
31 August 2021


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 August 2022 and were signed on its behalf by:





A H Hyams - Director


INSOLVE PLUS LTD (REGISTERED NUMBER: 08640857)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2021

1. STATUTORY INFORMATION

Insolve Plus Ltd 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Plant and machinery etc - 25% reducing balance

Work in progress classified as stock
The work in progress represents expected future realisation of unbilled work.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2020 - 12 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2020
and 31 August 2021 412,000
AMORTISATION
At 1 September 2020 144,200
Charge for year 20,600
At 31 August 2021 164,800
NET BOOK VALUE
At 31 August 2021 247,200
At 31 August 2020 267,800

INSOLVE PLUS LTD (REGISTERED NUMBER: 08640857)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2020 54,964
Additions 19,321
At 31 August 2021 74,285
DEPRECIATION
At 1 September 2020 53,780
Charge for year 5,126
At 31 August 2021 58,906
NET BOOK VALUE
At 31 August 2021 15,379
At 31 August 2020 1,184

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade debtors 52,480 70,573
Amounts owed by group undertakings - 49,577
52,480 120,150

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.21 31.8.20
£    £   
Trade creditors 233,352 137,840
Taxation and social security 276,598 205,511
Other creditors 81,627 221,627
591,577 564,978

8. RELATED PARTY DISCLOSURES

Dividends
Dividends of £180,000 were paid to the director A Hyams during the year

Cruor Vult Limited is a 70% shareholder of Insolve Plus Limited. Lloyd Hinton is a director of Insolve Plus Limited and a 75% shareholder of Cruor Vult Limited. Dividends of £420,000 were declared to Cruor Vult Limited in the year..