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
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
Re-solution Data Ltd
Statement of financial position
as at 29 February 2024
Intangible assets
2,500
3,000
Tangible assets
4,069
6,133
Cash at bank and in hand
474,174
348,120
Creditors: amounts falling due within one year
(240,751)
(172,244)
Net current assets
449,732
342,940
Net assets
456,301
352,073
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
Re-solution Data Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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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.
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.
These financial statements have been prepared under the historical cost convention.
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 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 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.
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 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.
Re-solution Data Ltd
Notes to the Accounts
for the year ended 29 February 2024
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.
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
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
Disposals
-
(1,026)
(1,822)
(2,848)
At 29 February 2024
11,384
5,819
3,769
20,972
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
At 29 February 2024
3,649
157
263
4,069
At 28 February 2023
5,241
295
597
6,133
Re-solution Data Ltd
Notes to the Accounts
for the year ended 29 February 2024
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
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
105,700
66,026
Taxes and social security
77,639
68,778
Deferred income
14,040
30,218
Allotted, called up and fully paid:
16,000 Ordinary shares of £0.01 each
160
160
The ultimate controlling party is T Giembicki, a director of the company, by virtue of his majority shareholding.
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Average number of employees
During the year the average number of employees was 6 (2023: 6).