Company Registration No. SC551892 (Scotland)
Creditsolv Ltd
Unaudited accounts
for the year ended 31 December 2024
Creditsolv Ltd
Unaudited accounts
Contents
Creditsolv Ltd
Company Information
for the year ended 31 December 2024
Directors
J P Kelly
M Sommerville
Company Number
SC551892 (Scotland)
Registered Office
1st floor, The Reel House
7 West Regent Street
Glasgow
G2 1RW
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Creditsolv Ltd
Statement of financial position
as at 31 December 2024
Cash at bank and in hand
12,206
9,812
Creditors: amounts falling due within one year
(550)
(535)
Net current assets
28,095
46,783
Called up share capital
1
1
Profit and loss account
28,094
47,706
Shareholders' funds
28,095
47,707
For the year ending 31 December 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 12 March 2025 and were signed on its behalf by
M Sommerville
Director
Company Registration No. SC551892
Creditsolv Ltd
Notes to the Accounts
for the year ended 31 December 2024
Creditsolv Ltd is a private company, limited by shares, registered in Scotland, registration number SC551892. The registered office is 1st floor, The Reel House, 7 West Regent Street, Glasgow, G2 1RW.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
Turnover represents net invoiced sales, excluding value added tax.
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:
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
33,860
4,054
37,914
At 31 December 2024
33,860
4,054
37,914
At 1 January 2024
32,936
4,054
36,990
Charge for the year
924
-
924
At 31 December 2024
33,860
4,054
37,914
At 31 December 2023
924
-
924
Creditsolv Ltd
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
10,452
23,309
6
Creditors: amounts falling due within one year
2024
2023
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).