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REGISTERED NUMBER: 11329201 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

RESOLVE BUSINESS MANAGEMENT LTD

RESOLVE BUSINESS MANAGEMENT LTD (REGISTERED NUMBER: 11329201)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


RESOLVE BUSINESS MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C Watson
W Beckett





SECRETARY: C Watson





REGISTERED OFFICE: 3 Manor Road
Colchester
Essex
CO3 3LU





REGISTERED NUMBER: 11329201 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

RESOLVE BUSINESS MANAGEMENT LTD (REGISTERED NUMBER: 11329201)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 2,813 3,180
Tangible assets 5 1,423 1,898
4,236 5,078

CURRENT ASSETS
Debtors 6 21,635 27,775
Cash at bank 5,167 888
26,802 28,663
CREDITORS
Amounts falling due within one year 7 38,977 30,683
NET CURRENT LIABILITIES (12,175 ) (2,020 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(7,939

)

3,058

CREDITORS
Amounts falling due after more than one
year

8

(4,853

)

(8,304

)

PROVISIONS FOR LIABILITIES (540 ) (640 )
NET LIABILITIES (13,332 ) (5,886 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (13,334 ) (5,888 )
(13,332 ) (5,886 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

RESOLVE BUSINESS MANAGEMENT LTD (REGISTERED NUMBER: 11329201)

BALANCE SHEET - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 August 2024 and were signed on its behalf by:




C Watson - Director



W Beckett - Director


RESOLVE BUSINESS MANAGEMENT LTD (REGISTERED NUMBER: 11329201)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Resolve Business Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Subscription income is recognised in the period to which it relates.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

Government grants
Government Grants in relation to expenditure are credited when the expenditure is charged to the profit and loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

RESOLVE BUSINESS MANAGEMENT LTD (REGISTERED NUMBER: 11329201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Work in progress
Work in progress is valued at selling price based upon work carried out at the balance sheet date and is included in turnover and debtors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and
licences
£   
COST
At 1 July 2023 5,200
Additions 170
At 30 June 2024 5,370
AMORTISATION
At 1 July 2023 2,020
Amortisation for year 537
At 30 June 2024 2,557
NET BOOK VALUE
At 30 June 2024 2,813
At 30 June 2023 3,180

The above assets are shown at cost and are considered by the directors to have value not less than their carrying value.

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 July 2023
and 30 June 2024 3,883
DEPRECIATION
At 1 July 2023 1,985
Charge for year 475
At 30 June 2024 2,460
NET BOOK VALUE
At 30 June 2024 1,423
At 30 June 2023 1,898

RESOLVE BUSINESS MANAGEMENT LTD (REGISTERED NUMBER: 11329201)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,293 19,295
Social security and other
taxes - 674
Work in progress 8,298 6,790
Corporation tax refund 1,497 -
Prepayments 547 1,016
21,635 27,775

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans 3,426 1,865
Trade creditors 4,503 13,781
Corporation tax - 1,670
Social security and other taxes 1,410 -
Directors' loan accounts 9,785 11,145
Accruals and deferred income 19,853 2,222
38,977 30,683

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other loan 1-2yrs 3,426 3,383
Other loan 2-5yrs 1,427 4,921
4,853 8,304

9. ULTIMATE CONTROLLING PARTY

The company is not under the control of any person or persons.