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Company Registration No. 09422622 (England and Wales)
Re-solution Data Ltd Unaudited Financial Statements for the year ended 29 February 2024
Re-solution Data Ltd Unaudited Financial Statements Contents
Page
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Re-solution Data Ltd Company Information for the year ended 29 February 2024
Directors
Tom Mark Giembicki Sean Paul Draper Jacob Tranter
Company Number
09422622 (England and Wales)
Registered Office
167-169 Great Portland Street London W1W 5PF England
Accountants
Pro-AccX 58 Applegarth Avenue Guildford Surrey GU2 8LY
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Re-solution Data Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
2,500 
3,000 
Tangible assets
4,069 
6,133 
6,569 
9,133 
Current assets
Debtors
216,309 
167,064 
Cash at bank and in hand
474,174 
348,120 
690,483 
515,184 
Creditors: amounts falling due within one year
(240,751)
(172,244)
Net current assets
449,732 
342,940 
Net assets
456,301 
352,073 
Capital and reserves
Called up share capital
160 
160 
Profit and loss account
456,141 
351,913 
Shareholders' funds
456,301 
352,073 
For the year ending 29 February 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 November 2024 and were signed on its behalf by
Tom Mark Giembicki Director Company Registration No. 09422622
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Re-solution Data Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Re-solution Data Ltd is a private company, limited by shares, registered in England and Wales, registration number 09422622. The registered office is 167-169 Great Portland Street, London, W1W 5PF, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
These financial statements have been prepared under the historical cost convention.
Presentation currency
The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statement are rounded to the nearest pound.
Intangible fixed assets
Intangible fixed assets are included at cost less accumulated amortisation. The asset is amortised to profit and loss account over its estimated economic life of 10 years.
Tangible fixed assets and depreciation
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:
Plant & machinery
33% straight line basis
Fixtures & fittings
33% reducing balance basis
Computer equipment
33% reducing balance basis
Cash at bank and in hand
Cash at bank and in hand are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less.
Financial instruments
The Company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.
Equity Instruments
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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Re-solution Data Ltd Notes to the Accounts for the year ended 29 February 2024
Taxation
The tax expense represents the sum of the tax currently payable. The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Foreign exchange
Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are included in the profit and loss account for the period.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 March 2023
5,000 
At 29 February 2024
5,000 
Amortisation
At 1 March 2023
2,000 
Charge for the year
500 
At 29 February 2024
2,500 
Net book value
At 29 February 2024
2,500 
At 28 February 2023
3,000 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 March 2023
10,218 
6,845 
5,591 
22,654 
Additions
1,166 
- 
- 
1,166 
Disposals
- 
(1,026)
(1,822)
(2,848)
At 29 February 2024
11,384 
5,819 
3,769 
20,972 
Depreciation
At 1 March 2023
4,977 
6,550 
4,994 
16,521 
Charge for the year
2,758 
79 
131 
2,968 
On disposals
- 
(967)
(1,619)
(2,586)
At 29 February 2024
7,735 
5,662 
3,506 
16,903 
Net book value
At 29 February 2024
3,649 
157 
263 
4,069 
At 28 February 2023
5,241 
295 
597 
6,133 
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Re-solution Data Ltd Notes to the Accounts for the year ended 29 February 2024
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
162,691 
119,358 
Accrued income and prepayments
6,175 
42,827 
Other debtors
47,443 
4,879 
216,309 
167,064 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
105,700 
66,026 
Taxes and social security
77,639 
68,778 
Other creditors
128 
6,697 
Accruals
43,244 
525 
Deferred income
14,040 
30,218 
240,751 
172,244 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
16,000 Ordinary shares of £0.01 each
160 
160 
9
Controlling party
The ultimate controlling party is T Giembicki, a director of the company, by virtue of his majority shareholding.
10
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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