RESOLUTE RETAIL SOLUTIONS LIMITED


Director	HUBBARD, Timothy James


Registered Address	39 Far Street
	Wymeswold
	Loughborough
	LE12 6TZ


Registered Number	07366452 (England and Wales)

Balance Sheet as at
30 September 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		10,000		10,000
Tangible assets	4		1,151,153		1,159,690
			1,161,153		1,169,690
Current assets
Stocks	5	-		280,000
Debtors	6	430,182		337,837
Cash at bank and on hand		18,604		-
		448,786		617,837
Creditors amounts falling due within one year	7	(482,725)		(770,755)
Net current assets (liabilities)			(33,939)		(152,918)
Total assets less current liabilities			1,127,214		1,016,772
Creditors amounts falling due after one year	8		(992,880)		(1,012,710)
Net assets			134,334		4,062
Capital and reserves
Called up share capital			100		100
Profit and loss account			134,234		3,962
Shareholders' funds			134,334		4,062

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 31 March 2025, and are signed on its behalf by:

HUBBARD, Timothy James
Director
Registered Company No. 07366452

RESOLUTE RETAIL SOLUTIONS LIMITED

Notes to the Financial Statements
for the year ended 30 September 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

	Stocks and work in progress
	Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

Stocks and work in progress

Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.

Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.

2.	Average number of employees


		2024		2023
	Average number of employees during the year	3		2

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 October 23	10,000	10,000
At 30 September 24	10,000	10,000
Net book value
At 30 September 24	10,000	10,000
At 30 September 23	10,000	10,000

4.	Tangible fixed assets

	Land & buildings	Plant & machinery	Vehicles	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 October 23	1,139,684	11,487	22,000	-	1,173,171
Additions	6,027	2,441	-	333	8,801
Disposals	(600)	-	(18,000)	-	(18,600)
At 30 September 24	1,145,111	13,928	4,000	333	1,163,372
Depreciation and impairment
At 01 October 23	-	9,081	4,400	-	13,481
Charge for year	-	1,632	640	66	2,338
On disposals	-	-	(3,600)	-	(3,600)
At 30 September 24	-	10,713	1,440	66	12,219
Net book value
At 30 September 24	1,145,111	3,215	2,560	267	1,151,153
At 30 September 23	1,139,684	2,406	17,600	-	1,159,690

5.	Stocks

	2024	2023
	£	£
Other stocks	-	280,000
Total	-	280,000

6.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	70,296	325,148
Other debtors	349,128	7,868
Prepayments and accrued income	10,758	4,821
Total	430,182	337,837

7.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	167,341	290,212
Bank borrowings and overdrafts	8,333	23,601
Taxation and social security	76,482	73,186
Other creditors	227,601	380,789
Accrued liabilities and deferred income	2,968	2,967
Total	482,725	770,755

8.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	992,880	1,012,710
Total	992,880	1,012,710