2023-04-012024-03-312024-03-31false03731554FINSOL LTD2024-09-11iso4217:GBPxbrli:pure037315542023-04-01037315542024-03-31037315542023-04-012024-03-31037315542022-04-01037315542023-03-31037315542022-04-012023-03-3103731554bus:SmallEntities2023-04-012024-03-3103731554bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3103731554bus:FullAccounts2023-04-012024-03-3103731554bus:PrivateLimitedCompanyLtd2023-04-012024-03-3103731554core:WithinOneYear2024-03-3103731554core:AfterOneYear2024-03-3103731554core:WithinOneYear2023-03-3103731554core:AfterOneYear2023-03-3103731554core:ShareCapital2024-03-3103731554core:SharePremium2024-03-3103731554core:RevaluationReserve2024-03-3103731554core:OtherReservesSubtotal2024-03-3103731554core:RetainedEarningsAccumulatedLosses2024-03-3103731554core:ShareCapital2023-03-3103731554core:SharePremium2023-03-3103731554core:RevaluationReserve2023-03-3103731554core:OtherReservesSubtotal2023-03-3103731554core:RetainedEarningsAccumulatedLosses2023-03-3103731554core:LandBuildings2024-03-3103731554core:PlantMachinery2024-03-3103731554core:Vehicles2024-03-3103731554core:FurnitureFittings2024-03-3103731554core:OfficeEquipment2024-03-3103731554core:NetGoodwill2024-03-3103731554core:IntangibleAssetsOtherThanGoodwill2024-03-3103731554core:ListedExchangeTraded2024-03-3103731554core:UnlistedNon-exchangeTraded2024-03-3103731554core:LandBuildings2023-03-3103731554core:PlantMachinery2023-03-3103731554core:Vehicles2023-03-3103731554core:FurnitureFittings2023-03-3103731554core:OfficeEquipment2023-03-3103731554core:NetGoodwill2023-03-3103731554core:IntangibleAssetsOtherThanGoodwill2023-03-3103731554core:ListedExchangeTraded2023-03-3103731554core:UnlistedNon-exchangeTraded2023-03-3103731554core:LandBuildings2023-04-012024-03-3103731554core:PlantMachinery2023-04-012024-03-3103731554core:Vehicles2023-04-012024-03-3103731554core:FurnitureFittings2023-04-012024-03-3103731554core:OfficeEquipment2023-04-012024-03-3103731554core:NetGoodwill2023-04-012024-03-3103731554core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103731554core:ListedExchangeTraded2023-04-012024-03-3103731554core:UnlistedNon-exchangeTraded2023-04-012024-03-3103731554core:MoreThanFiveYears2023-04-012024-03-3103731554core:Non-currentFinancialInstruments2024-03-3103731554core:Non-currentFinancialInstruments2023-03-3103731554dpl:CostSales2023-04-012024-03-3103731554dpl:DistributionCosts2023-04-012024-03-3103731554core:LandBuildings2023-04-012024-03-3103731554core:PlantMachinery2023-04-012024-03-3103731554core:Vehicles2023-04-012024-03-3103731554core:FurnitureFittings2023-04-012024-03-3103731554core:OfficeEquipment2023-04-012024-03-3103731554dpl:AdministrativeExpenses2023-04-012024-03-3103731554core:NetGoodwill2023-04-012024-03-3103731554core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3103731554dpl:GroupUndertakings2023-04-012024-03-3103731554dpl:ParticipatingInterests2023-04-012024-03-3103731554dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3103731554core:ListedExchangeTraded2023-04-012024-03-3103731554dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3103731554core:UnlistedNon-exchangeTraded2023-04-012024-03-3103731554dpl:CostSales2022-04-012023-03-3103731554dpl:DistributionCosts2022-04-012023-03-3103731554core:LandBuildings2022-04-012023-03-3103731554core:PlantMachinery2022-04-012023-03-3103731554core:Vehicles2022-04-012023-03-3103731554core:FurnitureFittings2022-04-012023-03-3103731554core:OfficeEquipment2022-04-012023-03-3103731554dpl:AdministrativeExpenses2022-04-012023-03-3103731554core:NetGoodwill2022-04-012023-03-3103731554core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3103731554dpl:GroupUndertakings2022-04-012023-03-3103731554dpl:ParticipatingInterests2022-04-012023-03-3103731554dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3103731554core:ListedExchangeTraded2022-04-012023-03-3103731554dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3103731554core:UnlistedNon-exchangeTraded2022-04-012023-03-3103731554core:NetGoodwill2024-03-3103731554core:IntangibleAssetsOtherThanGoodwill2024-03-3103731554core:LandBuildings2024-03-3103731554core:PlantMachinery2024-03-3103731554core:Vehicles2024-03-3103731554core:FurnitureFittings2024-03-3103731554core:OfficeEquipment2024-03-3103731554core:AfterOneYear2024-03-3103731554core:WithinOneYear2024-03-3103731554core:ListedExchangeTraded2024-03-3103731554core:UnlistedNon-exchangeTraded2024-03-3103731554core:ShareCapital2024-03-3103731554core:SharePremium2024-03-3103731554core:RevaluationReserve2024-03-3103731554core:OtherReservesSubtotal2024-03-3103731554core:RetainedEarningsAccumulatedLosses2024-03-3103731554core:NetGoodwill2023-03-3103731554core:IntangibleAssetsOtherThanGoodwill2023-03-3103731554core:LandBuildings2023-03-3103731554core:PlantMachinery2023-03-3103731554core:Vehicles2023-03-3103731554core:FurnitureFittings2023-03-3103731554core:OfficeEquipment2023-03-3103731554core:AfterOneYear2023-03-3103731554core:WithinOneYear2023-03-3103731554core:ListedExchange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FINSOL LTD

Registered Number
03731554
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

FINSOL LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

HOLT, Nicholas James
HOLT, Rosalind

Registered Address

474 Street Lane
Moortown Leeds
West Yorkshire
LS17 6HA

Registered Number

03731554 (England and Wales)
FINSOL LTD
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets31,475-
1,475-
Current assets
Debtors4,5253,5282,131
Cash at bank and on hand199,806150,862
453,334152,993
Creditors amounts falling due within one year6(165,163)(74,434)
Net current assets (liabilities)288,17178,559
Total assets less current liabilities289,64678,559
Net assets289,64678,559
Capital and reserves
Called up share capital10,00010,000
Profit and loss account279,64668,559
Shareholders' funds289,64678,559
The financial statements were approved and authorised for issue by the Board of Directors on 11 September 2024, and are signed on its behalf by:
HOLT, Nicholas James
Director
Registered Company No. 03731554
FINSOL LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment5
Financial instruments
The Company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 April 236,6686,668
Additions1,5001,500
At 31 March 248,1688,168
Depreciation and impairment
At 01 April 236,6686,668
Charge for year2525
At 31 March 246,6936,693
Net book value
At 31 March 241,4751,475
At 31 March 23--
4.Debtors: amounts due within one year

2024

2023

££
Other debtors1,4932,131
Prepayments and accrued income126,018-
Total127,5112,131
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Debtors: amounts due after one year

2024

2023

££
Prepayments and accrued income126,018-
Total126,018-
6.Creditors: amounts due within one year

2024

2023

££
Taxation and social security95,26817,719
Other creditors69,89556,715
Total165,16374,434
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Pension commitments
The pension cost charge represents contributions payable by the company to the fund and amounted to £240,000 (2023 - £40,000).
8.Related party transactions
Included within creditors amounts falling due within one year is an amount due to N J Holt of £61,221 (2023 - £48,039). The balance is interest free and repayable on demand. Included within creditors amounts falling due within one year is an amount due to R Holt of £6,175 (2023 - £6,175). The balance is interest free and repayable on demand.