Registered number
07659727
Solve Planning Limited
Unaudited Filleted Accounts
30 June 2024
Solve Planning Limited
Company Information
Directors
Mr K C Scott
Ms S Gray
Accountants
Keith Graham
Chartered Accountants
Suite 2 Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Bankers
Barclays Bank plc
1 Churchill Place
London
E14 5HP
Registered office
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
Registered number
07659727
Solve Planning Limited
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Solve Planning Limited for the year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Solve Planning Limited for the year ended 30 June 2024 which comprise of the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/ members/regulations-standards-and-guidance.
This report is made solely to the Board of Directors of Solve Planning Limited, as a body, in accordance with the terms of our engagement letter dated 29 March 2023. Our work has been undertaken solely to prepare for your approval the accounts of Solve Planning Limited and state those matters that we have agreed to state to the Board of Directors of Solve Planning Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solve Planning Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Solve Planning Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Solve Planning Limited. You consider that Solve Planning Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Solve Planning Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Keith Graham
Chartered Accountants
Suite 2 Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
15 January 2025
Solve Planning Limited
Registered number: 07659727
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 - 55
Tangible assets 4 3,598 3,268
3,598 3,323
Current assets
Debtors 5 140,668 160,214
Cash at bank and in hand 47,070 75,406
187,738 235,620
Creditors: amounts falling due within one year 6 (78,331) (73,201)
Net current assets 109,407 162,419
Total assets less current liabilities 113,005 165,742
Provisions for liabilities (900) (818)
Net assets 112,105 164,924
Capital and reserves
Called up share capital 2 2
Share option reserve 2,902 -
Profit and loss account 109,201 164,922
Shareholders' funds 112,105 164,924
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr K C Scott
Director
Approved by the board on 13 January 2025
Solve Planning Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
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 urban planning and landscape architectural consultancy 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Equipment over 5 years
Share options
During the year the company issued equity-settled share-based payments to its employees.

The company recognised total expenses of £2,902 (2023: £nil) relating to equity-settled share-based payment transactions in the year. The cost of providing share-based payments to employees is charged to the profit or loss over the vesting period of the awards. The cost is based on the fair value of awards at the date of grant of the award using an appropriate valuation model. The amount recognised as an expense will be adjusted to reflect differences between the expected and actual vesting levels.The following scheme was in place during the period:

EMI Option Scheme

This is an HMRC approved scheme and was awarded to two employees. Under the scheme, members have been granted share options giving the holder the right, but not the obligation, to subscribe for the company's shares at a fixed price at an exit event. The vesting period will be estimated annually and is the period during which the vesting conditions must be satisfied.

The options outstanding at 30 June 2024 had an exercise price of £900. In the period, 32 options were granted. At the year-end none were exercised and none had expired. The aggregate of the estimated fair values of the options granted is £2,902. The fair value was calculated using a combination of Return on Capital method and the Multiple of Revenues method as these were determined to be the most appropriate to a business of this company's structure and sector.
Debtors
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.
Creditors
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.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Intangible fixed assets £
Goodwill:
Cost
At 1 July 2023 600
At 30 June 2024 600
Amortisation
At 1 July 2023 545
Provided during the year 55
At 30 June 2024 600
Net book value
At 30 June 2024 -
At 30 June 2023 55
The website re-design is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Equipment
£
Cost
At 1 July 2023 10,554
Additions 1,914
At 30 June 2024 12,468
Depreciation
At 1 July 2023 7,286
Charge for the year 1,584
At 30 June 2024 8,870
Net book value
At 30 June 2024 3,598
At 30 June 2023 3,268
5 Debtors 2024 2023
£ £
Trade debtors 131,041 151,459
Other debtors 9,627 8,755
140,668 160,214
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 4,630 5,648
Taxation and social security costs 65,198 65,496
Other creditors 8,503 2,057
78,331 73,201
7 Other information
Solve Planning Limited is a private company limited by shares and incorporated in England. Its registered office is:
Suite 2, Wesley Chambers
Queens Road
Aldershot
Hampshire
GU11 3JD
The functional currency for these accounts is Sterling.
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