SOLVENDO LTD

Company Registration Number:
09448820 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SOLVENDO LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SOLVENDO LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Called up share capital not paid: 2 2
Fixed assets
Intangible assets: 3 45,282 0
Tangible assets: 4 46,909 40,844
Total fixed assets: 92,191 40,844
Current assets
Stocks: 445,335 426,187
Debtors:   191,805 25,123
Cash at bank and in hand: 117,096 147,628
Total current assets: 754,236 598,938
Creditors: amounts falling due within one year: 5 (310,014) (273,124)
Net current assets (liabilities): 444,222 325,814
Total assets less current liabilities: 536,415 366,660
Creditors: amounts falling due after more than one year: 6 (82,919) (47,088)
Total net assets (liabilities): 453,496 319,572
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 453,494 319,570
Shareholders funds: 453,496 319,572

The notes form part of these financial statements

SOLVENDO LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 05 September 2024
and signed on behalf of the board by:

Name: James Bell
Status: Director

The notes form part of these financial statements

SOLVENDO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Tangible fixed assets and depreciation policy

Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives: Fixtures & fittings 25%

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.

SOLVENDO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 20 18

SOLVENDO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 0
Additions 53,376
At 31 December 2023 53,376
Amortisation
At 01 January 2023 0
Charge for year 8,094
At 31 December 2023 8,094
Net book value
At 31 December 2023 45,282
At 31 December 2022 0

SOLVENDO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 84,543
Additions 36,268
At 31 December 2023 120,811
Depreciation
At 01 January 2023 43,699
Charge for year 30,203
At 31 December 2023 73,902
Net book value
At 31 December 2023 46,909
At 31 December 2022 40,844

SOLVENDO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

Bank loans and overdrafts NIL 67,016 VAT 68,093 39,520 Trade creditors 7,017 31,422 Taxes and social security 195,919 135,166 Other creditors 38,985 NIL

SOLVENDO LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Creditors: amounts falling due after more than one year note

Bank loans 11,872 NIL Other creditors 71,047 47,088