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Registered number: 12728966
Solvi Living Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2024
MMC Ltd
Moorefield
Lurgan
CRAIGAVON
Armagh
BT66 7NJ
Contents
Page
Abridged Balance Sheet 1
Notes to the Abridged Financial Statements 2
Page 1
Abridged Balance Sheet
Registered number: 12728966
2024 2023
Notes £ £ £ £
CURRENT ASSETS
Stocks - 1,170,900
Cash at bank and in hand 308 829
308 1,171,729
Creditors: Amounts Falling Due Within One Year (3,368 ) (1,173,547 )
NET CURRENT ASSETS (LIABILITIES) (3,060 ) (1,818 )
TOTAL ASSETS LESS CURRENT LIABILITIES (3,060 ) (1,818 )
NET LIABILITIES (3,060 ) (1,818 )
CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and Loss Account (3,160 ) (1,918 )
SHAREHOLDERS' FUNDS (3,060) (1,818)
For the year ending 31 July 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Roger Alexander
Director
10/09/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Abridged Financial Statements
1. General Information
Solvi Living Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12728966 . The registered office is 14-16 Bourbon Street, Aylesbury, HP20 2RS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 2)
1 2
4. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
5. Directors Advances, Credits and Guarantees
Included within Creditors are the following loans from the  directors:
As at 1 August 2023 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Jonathan Holmes 1,500 - - - 1,500
Mr Roger Alexander 1,625 - - - 1,625
The above loans are unsecured, interest free and repayable on demand.
6. Related Party Transactions
Cubic3 LimitedCommon Ownership of Share Capital by Mr Roger AlexanderCubic3 Limited has carried out work for the company since its inception. While no actual costs have been invoiced to the company, Cubic3 Limited has indicated that up to 31 July 2022, £585,000 of uninvoiced work had accrued. These have been reflected as a cost of sales cost and have been treated as a stock asset.

Cubic3 Limited

Common Ownership of Share Capital by Mr Roger Alexander

Cubic3 Limited has carried out work for the company since its inception. While no actual costs have been invoiced to the company, Cubic3 Limited has indicated that up to 31 July 2022, £585,000 of uninvoiced work had accrued. These have been reflected as a cost of sales cost and have been treated as a stock asset.

Mr Roger AlexanderShareholder, Director and PSC of the companyMr Roger Alexander, a director of the company settled company costs of £650. This has been reflected in his Directors Loan Account.

Mr Roger Alexander

Shareholder, Director and PSC of the company

Mr Roger Alexander, a director of the company settled company costs of £650. This has been reflected in his Directors Loan Account.

Mr Jonathan HolmesShareholder, Director and PSC of the companyMr Jonathan Holmes settled a £650 cost of the company. This has been reflected in his Directors Loan Account.

Mr Jonathan Holmes

Shareholder, Director and PSC of the company

Mr Jonathan Holmes settled a £650 cost of the company. This has been reflected in his Directors Loan Account.

SoundView LimitedCommon Ownership of Share Capital by Mr Jonathan HolmesSoundView Limited has carried out work for the company since its inception. While no actual costs have been invoiced to the company, SoundView Limited has indicated that up to 31 July 2022, £585,000 of uninvoiced work had accrued. These have been reflected as a cost of sales cost and have been treated as a stock asset.

SoundView Limited

Common Ownership of Share Capital by Mr Jonathan Holmes

SoundView Limited has carried out work for the company since its inception. While no actual costs have been invoiced to the company, SoundView Limited has indicated that up to 31 July 2022, £585,000 of uninvoiced work had accrued. These have been reflected as a cost of sales cost and have been treated as a stock asset.

Page 2