Company Registration No. 07753915 (England and Wales)
Solved Engineering Ltd
Unaudited accounts
for the year ended 5 April 2024
Solved Engineering Ltd
Unaudited accounts
Contents
Solved Engineering Ltd
Company Information
for the year ended 5 April 2024
Company Number
07753915 (England and Wales)
Registered Office
22 Willett Close
Petts Wood
ORPINGTON
Kent
BR51QH
United Kingdom
Solved Engineering Ltd
Statement of financial position
as at 5 April 2024
Cash at bank and in hand
933
624
Creditors: amounts falling due within one year
(10,680)
(7,873)
Net current assets
75,460
75,458
Called up share capital
200
200
Profit and loss account
75,260
75,410
Shareholders' funds
75,460
75,610
For the year ending 5 April 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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 and authorised for issue on 5 April 2025 and were signed on its behalf by
Wade Blewett
Director
Company Registration No. 07753915
Solved Engineering Ltd
Notes to the Accounts
for the year ended 5 April 2024
Solved Engineering Ltd is a private company, limited by shares, registered in England and Wales, registration number 07753915. The registered office is 22 Willett Close, Petts Wood, ORPINGTON, Kent, BR51QH, 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.
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 as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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: 25% on a straightline basis
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company's activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
- The amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Solved Engineering Ltd
Notes to the Accounts
for the year ended 5 April 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
10,500
8,000
Other debtors
74,707
74,707
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
11
(1,368)
Loans from directors
9,469
7,957
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
100 Ordinary B shares of £1 each
100
100
8
Transactions with related parties
Other debtors due represents a loan made to Blue Stream Capital Ltd, a company that has a Director in common with Solved Engineering Ltd. The loans are secured by immovable property held within the company, are interest-free and with no fixed terms of repayment.
The Director incurred expenses on behalf of the company and the balance due to the Director is reflected within the Creditors note above. Loans from the Director are unsecured, interest-free and have no fixed term of repayment.
Solved Engineering Ltd
Notes to the Accounts
for the year ended 5 April 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 1).