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Logo On Report
Registered Number: 11683294
England and Wales

 

 

 

REMIT SOLUTIONS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 July 2022

End date: 30 June 2023
Director Muhammad Asif
Registered Number 11683294
Registered Office 6c Millsborough House
Redditch
B98 7BU
1
  2023   2022
    £ £   £ £
Fixed assets   860      1,720 
Current assets 2,300       
Creditors: amount falling due within one year (8,584)     (10,349)  
Net current assets   (6,284)     (10,349)
Total assets less current liabilities   (5,424)     (8,629)
Provisions for liabilities       (327)
Net assets   (5,424)     (8,956)
 

         
Capital and reserves   (5,424)     (8,956)
 
NOTES TO THE ACCOUNTS

General Information
Remit Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11683294, registration address 6c Millsborough House, Redditch, B98 7BU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Deferred taxation
Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Computer Equipment 4 years Straight Line
2.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 July 2022 3,440    3,440 
Additions  
Disposals  
At 30 June 2023 3,440    3,440 
Depreciation
At 01 July 2022 1,720    1,720 
Charge for year 860    860 
On disposals  
At 30 June 2023 2,580    2,580 
Net book values
Closing balance as at 30 June 2023 860    860 
Opening balance as at 01 July 2022 1,720    1,720 


3.

Average number of employees

Average number of employees during the year was 2 (2022 : 2).


For the year ended 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the director on 02 April 2024 and were signed by:


--------------------------------
Muhammad Asif
Director
2