SOLVNOW LIMITED

Company Registration Number:
07219913 (England and Wales)

Unaudited statutory accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

SOLVNOW LIMITED

Contents of the Financial Statements

for the Period Ended 30 April 2024

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

SOLVNOW LIMITED

Company Information

for the Period Ended 30 April 2024




Director: Amer Farid
Registered office: 31
Rockwood Road
Leeds
West Yorkshire
LS28 5AB
Company Registration Number: 07219913 (England and Wales)

SOLVNOW LIMITED

Directors' Report Period Ended 30 April 2024

The directors present their report with the financial statements of the company for the period ended 30 April 2024

Principal Activities

Technical Services

Directors

The directors shown below have held office during the whole of the period from 01 May 2023 to 30 April 2024
Amer Farid

This report was approved by the board of directors on 20 May 2024
And Signed On Behalf Of The Board By:

Name: Amer Farid
Status: Director

SOLVNOW LIMITED

Profit and Loss Account

for the Period Ended 30 April 2024


Notes

2024
£

2023
£
Turnover 78,589 71,168
Cost of sales ( 31,853 ) ( 28,523 )
Gross Profit or (Loss) 46,736 42,645
Administrative Expenses ( 51,812 ) ( 46,152 )
Operating Profit or (Loss) ( 5,076 ) ( 3,507 )
Profit or (Loss) Before Tax ( 5,076 ) ( 3,507 )
Profit or (Loss) for Period ( 5,076 ) ( 3,507 )

The notes form part of these financial statements

SOLVNOW LIMITED

Balance sheet

As at 30 April 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 4 253 315
Total fixed assets: 253 315
Current assets
Cash at bank and in hand: 1 2,049
Total current assets: 1 2,049
Creditors: amounts falling due within one year: 5 ( 11,230 ) ( 14,893 )
Net current assets (liabilities): ( 11,229 ) ( 12,844 )
Total assets less current liabilities: ( 10,976 ) ( 12,529 )
Creditors: amounts falling due after more than one year: 6 ( 10,000 ) ( 10,000 )
Total net assets (liabilities): ( 20,976 ) ( 22,529 )

The notes form part of these financial statements

SOLVNOW LIMITED

Balance sheet continued

As at 30 April 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: ( 20,978 ) ( 22,531 )
Shareholders funds: ( 20,976 ) ( 22,529 )

For the year ending 30 April 2024 the company was entitled to exemption 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.

This report was approved by the board of directors on 20 May 2024
And Signed On Behalf Of The Board By:

Name: Amer Farid
Status: Director

The notes form part of these financial statements

SOLVNOW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is the value of the Technical services provided during the year. The turnover and operating profit/loss is attributable to the
    one principal activity of the company and all work done is within the UK.

    Tangible fixed assets depreciation policy

    Depreciation is provided on all tangible fixed assets, at a rate calculated to reduce balance of each asset by a fixed percentage in order
    to write off each asset over its estimated useful life. The rates are as follows:
    Computer equipment - 20% p.a. based on reducing balance method

    Other accounting policies

    Cash Flow Statement The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirement to prepare such a statement under Financial Reporting Standard 1 of “Cash Flow Statements”

SOLVNOW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

SOLVNOW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

  • 3. Off balance sheet disclosure

    No

SOLVNOW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

4. Tangible assets

Office equipment Total
Cost £ £
At 01 May 2023 315 315
Additions - -
Disposals - -
Revaluations - -
Transfers - -
At 30 April 2024 315 315
Depreciation
At 01 May 2023 - -
Charge for year 62 62
On disposals - -
Other adjustments - -
At 30 April 2024 62 62
Net book value
At 30 April 2024 253 253
At 30 April 2023 315 315

SOLVNOW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

5.Creditors: amounts falling due within one year note


2024
£

2023
£
Trade creditors 11,230 14,893
Total 11,230 14,893

SOLVNOW LIMITED

Notes to the Financial Statements

for the Period Ended 30 April 2024

6.Creditors: amounts falling due after more than one year


2024
£

2023
£
Other creditors 10,000 10,000
Total 10,000 10,000