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Registration number: 07110939

Solvability Consulting Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2024

 

Solvability Consulting Limited

Contents

Company Information

1

Accountants' Report

2

Profit and Loss Account

3

Balance Sheet

4 to 5

Notes to the Unaudited Financial Statements

4

 

Solvability Consulting Limited

Company Information

Director

Mrs GA Matthews

Registered office

Waterside Court
Falmouth Road
Penryn
Cornwall
TR10 8AW

Accountants

GW & Co. Limited
Chartered Certified AccountantsWaterside Court
Falmouth Road
Penryn
Cornwall
TR10 8AW

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Solvability Consulting Limited
for the Year Ended 31 December 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Solvability Consulting Limited for the year ended 31 December 2024 as set out on pages 3 to 5 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/gb/en/member/standards/rules-and-standards/rulebook.html.

This report is made solely to the Board of Directors of Solvability Consulting Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Solvability Consulting Limited and state those matters that we have agreed to state to the Board of Directors of Solvability Consulting Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2009/
october/factsheet-163-audit-exempt-companies.html. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Solvability Consulting Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Solvability Consulting Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Solvability Consulting Limited. You consider that Solvability Consulting Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Solvability Consulting Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

GW & Co. Limited
Chartered Certified Accountants
Waterside Court
Falmouth Road
Penryn
Cornwall
TR10 8AW

11 April 2025

 

Solvability Consulting Limited

Profit and Loss Account for the Year Ended 31 December 2024

2024
£

2023
£

Turnover

17,840

15,423

Other income

13,495

14,522

Cost of raw materials and consumables

(2,323)

(2,036)

Depreciation and other amounts written off assets

(151)

(94)

Other charges

(10,505)

(4,497)

Profit before tax

18,356

23,318

Tax on profit

(4,127)

(4,928)

Profit for the year

14,229

18,390

 

Solvability Consulting Limited

(Registration number: 07110939)
Balance Sheet as at 31 December 2024

2024
£

2023
£

Fixed assets

412,001

355,365

Current assets

351,067

539,002

Creditors: Amounts falling due within one year

(5,110)

(150,669)

Net current assets

345,957

388,333

Total assets less current liabilities

757,958

743,698

Accruals and deferred income

(1,609)

(1,577)

 

756,349

742,121

Capital and reserves

756,349

742,121

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Waterside Court
Falmouth Road
Penryn
Cornwall
TR10 8AW
England

These financial statements were authorised for issue by the director on 6 April 2025.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2023 - 0).

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the micro entities regime and FRS 105 ‘The Financial Reporting Standard Applicable to the Micro-entities Regime.

Approved and authorised by the director on 6 April 2025
 

 

Solvability Consulting Limited

(Registration number: 07110939)
Balance Sheet as at 31 December 2024

.........................................
Mrs GA Matthews
Director