REGISTERED NUMBER: 07924085 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Solver Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs D E C B Valderarma Sanchez

Mr G Small

REGISTERED OFFICE:

17 Albert Road

Clevedon

Bristol

BS21 7RP

REGISTERED NUMBER:

07924085 (England and Wales)

ACCOUNTANT:

Tony Dicker & Co

Chartered Accountants

29 Courtenay Road

Keynsham

Bristol

BS31 1JU

FIXED ASSETS

Tangible assets

4

14,474

18,407

CURRENT ASSETS

Debtors

5

208,496

160,229

Cash at bank

16,981

15,281

225,477

175,510

CREDITORS

Amounts falling due within one year

6

173,899

100,978

NET CURRENT ASSETS

51,578

74,532

TOTAL ASSETS LESS CURRENT LIABILITIES

66,052

92,939

CREDITORS

Amounts falling due after more than one year

7

65,035

91,150

NET ASSETS

1,017

1,789

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Retained earnings

17

789

SHAREHOLDERS' FUNDS

1,017

1,789

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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 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 29 September 2023 and were signed on its behalf by:

Mr G Small - Director

Mrs D E C B Valderarma Sanchez - Director

1.	STATUTORY INFORMATION

Solver 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.

Tangible fixed assets

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

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2022

27,659

Additions

1,491

At 31 January 2023

29,150

DEPRECIATION

At 1 February 2022

9,252

Charge for year

5,424

At 31 January 2023

14,676

NET BOOK VALUE

At 31 January 2023

14,474

At 31 January 2022

18,407

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade debtors

76,091

30,599

Other debtors

132,405

129,630

208,496

160,229

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.23

31.1.22

£

£

Trade creditors

1,201

1,202

Taxation and social security

50,853

33,490

Other creditors

121,845

66,286

173,899

100,978

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.23

31.1.22

£

£

Other creditors

65,035

91,150

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.23

31.1.22

value:

£

£

500

Ordinary

£1

500

500

500

A Ordinary

£1

500

500

1,000

1,000

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2023 and 31 January 2022:

31.1.23

31.1.22

£

£

Mr G Small and Mrs D E C B Valderarma Sanchez

Balance outstanding at start of year

129,348

183,596

Amounts advanced

176,430

156,073

Amounts repaid

(173,955

)

(210,321

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

131,823

129,348

Since the end of the year the loans advanced to the Directors amounting to £131,823 have been repaid in full.