FK RESOLV. LTD

Company Registration Number:
08222605 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

FK RESOLV. LTD

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

FK RESOLV. LTD

Balance sheet

As at 31 March 2024


Notes
2024
2023


£
£
Fixed assets
Tangible assets: 3 12,311 2,400
Total fixed assets: 12,311 2,400
Current assets
Debtors: 4 5,336,509 4,968,145
Cash at bank and in hand: 199,772 25,277
Total current assets: 5,536,281 4,993,422
Creditors: amounts falling due within one year: 5 (3,223,651) (3,874,759)
Net current assets (liabilities): 2,312,630 1,118,663
Total assets less current liabilities: 2,324,941 1,121,063
Total net assets (liabilities): 2,324,941 1,121,063
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 2,324,940 1,121,062
Shareholders funds: 2,324,941 1,121,063

The notes form part of these financial statements

FK RESOLV. LTD

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

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 & loss account.

This report was approved by the board of directors on 07 February 2025
and signed on behalf of the board by:

Name: Francis Keenan
Status: Director

The notes form part of these financial statements

FK RESOLV. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

FK RESOLV. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

FK RESOLV. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Tangible Assets

Total
Cost £
At 01 April 2023 5,255
Additions 16,000
At 31 March 2024 21,255
Depreciation
At 01 April 2023 2,855
Charge for year 6,089
At 31 March 2024 8,944
Net book value
At 31 March 2024 12,311
At 31 March 2023 2,400

FK RESOLV. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Debtors

2024 2023
££
Debtors due after more than one year: 0 0

FK RESOLV. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due within one year note

2024 2023 £ £ Trade Creditors 2672545 3170057 Payments on Account 278815 0 Other taxes & social security 94336 424984 Deferred Tax 2756 150 Other Creditors 85746 147508 Accruals & deferred income 89453 132060 3223651 3874759

FK RESOLV. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Related party transactions

Name of the related party: FK Building
Relationship:
Contractor
Description of the Transaction: Purchase of goods
£
Balance at 01 April 2023 625,208
Balance at 31 March 2024 850,138

The largest and smallest group in which the results of the company are consolidated is that headed by FK Group Limited, a company incorporated in England and Wales. The consolidated financial statements of this company are available to the public and may be obtained from the company's registered address (Keenan House, 22-26 Stockport Road, Altrincham, Manchester, WA15 8EX). In the opinion of the directors, there is no ultimate controlling party All group undertakings, FK Group Limited, FK Facades Limited, FK RESOLV. Limited and FK Construction Limited have provided cross-guarantees in respect of the group overdraft facility. At 31 March 2022 this amounted to a consolidated position of £2,216,189 (2023 £5,656,939).

FK RESOLV. LTD

Notes to the Financial Statements

for the Period Ended 31 March 2024

7. Post balance sheet events

On 5th September 2024 the company suffered a cyber-attack on its IT systems and elements of the company’s finance and commercial systems were encrypted. The company engaged specialist lawyers A&O Shearman and cyber crime specialists Kivu to deal with this breach, and it’s subsequent handling, to ensure compliance with data protection and relevant legislation. Although no data was extracted from its systems, the company’s historically held data has been compromised. The company had migrated to a new ERP system on 1st April 2024, and this data had not been affected, the result of which meant that the company could continue trading with minimal disruption. The company reported this incident to the ICO, and they were satisfied with the handling of this matter with no further action. During the financial year the FK Group banking facility was renewed to 31st July 2025. This facility includes the FK Group’s subsidiary companies which are FK Facades Limited, FK Construction Limited and FK Resolv. Limited.