Company Registration No. 14947234 (England and Wales)
Divergent Solutions Ltd
Unaudited accounts
for the period from 20 June 2023 to 30 June 2024
Divergent Solutions Ltd
Unaudited accounts
Contents
Divergent Solutions Ltd
Company Information
for the period from 20 June 2023 to 30 June 2024
Directors
Stephanie Child
Daniel Grech
Company Number
14947234 (England and Wales)
Registered Office
Cca Sussex Innovation Centre
Science Park Square
Falmer
Brighton
BN1 9SB
United Kingdom
Accountants
Collective Concepts Accounting Ltd
Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of
Divergent Solutions Ltd
for the period from 20 June 2023 to 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
Divergent Solutions Ltd for the period from
20 June 2023 to
30 June 2024 as set out on pages
5 -
7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Collective Concepts Accounting Ltd
Chartered Certified Accountants
17 January 2024
Divergent Solutions Ltd
Statement of financial position
as at 30 June 2024
Cash at bank and in hand
61,055
Creditors: amounts falling due within one year
(54,696)
Called up share capital
100
Profit and loss account
26,949
Shareholders' funds
27,049
For the period ending 30 June 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 19 February 2024 and were signed on its behalf by
Daniel Grech
Director
Company Registration No. 14947234
Divergent Solutions Ltd
Notes to the Accounts
for the period from 20 June 2023 to 30 June 2024
Divergent Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 14947234. The registered office is Cca Sussex Innovation Centre, Science Park Square, Falmer, Brighton, BN1 9SB, United Kingdom.
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.
These financial statements for the period from 20 June 2023 to 30 June 2024 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 20 June 2023.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 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.
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:
Computer equipment
Over 3 years
Divergent Solutions Ltd
Notes to the Accounts
for the period from 20 June 2023 to 30 June 2024
4
Tangible fixed assets
Computer equipment
Charge for the period
1,021
Amounts falling due within one year
Accrued income and prepayments
18,278
6
Creditors: amounts falling due within one year
2024
Taxes and social security
10,305
Loans from directors
44,391
7
Average number of employees
During the period the average number of employees was 2.