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REGISTERED NUMBER: 03532532 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

SOLVING LIMITED

SOLVING LIMITED (REGISTERED NUMBER: 03532532)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SOLVING LIMITED

COMPANY INFORMATION
For The Year Ended 31 December 2024







DIRECTORS: A M Bjork
Ms M E Helala



REGISTERED OFFICE: 1 Carnegie Road
Newbury
Berkshire
RG14 5DJ



REGISTERED NUMBER: 03532532 (England and Wales)



SENIOR STATUTORY
AUDITOR:
R M L Taylor FCCA



AUDITORS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ

SOLVING LIMITED (REGISTERED NUMBER: 03532532)

BALANCE SHEET
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 53,077 99,750
Cash at bank 334,829 255,264
387,906 355,014
CREDITORS
Amounts falling due within one year 5 152,524 108,503
NET CURRENT ASSETS 235,382 246,511
TOTAL ASSETS LESS CURRENT
LIABILITIES

235,382

246,511

CAPITAL AND RESERVES
Called up share capital 6 20,000 20,000
Retained earnings 215,382 226,511
SHAREHOLDERS' FUNDS 235,382 246,511

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2025 and were signed on its behalf by:





Ms M E Helala - Director


SOLVING LIMITED (REGISTERED NUMBER: 03532532)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 December 2024

1. STATUTORY INFORMATION

Solving Limited is a private company, limited by shares, registered in England and Wales. The Company's registered number is 03532532 and its registered office is 1 Carnegie Road, Newbury, Berkshire, United Kingdom, RG14 5DJ.

The Company's principal place of business is Bennäsvägen 181, 68600 Jakobstad, Finland.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared in sterling, which is the functional currency of the Company. Monetary amounts included in these financial statements are rounded to the nearest £.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The revenue recognition policy is to recognise sales once goods have been dispatched from the port of origin, representing the transfer of the rights of ownership to the customer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business has been fully amortised in the current year.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at appropriate annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Basic financial assets, including trade and other receivables, cash and bank balances and investments in commercial paper, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Impairment of financial assets
If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets
Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled; or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party; or (c) despite having retained some significant risks and rewards of ownership, control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

SOLVING LIMITED (REGISTERED NUMBER: 03532532)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Financial liabilities
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as noncurrent liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 52,878 99,686
Amounts owed by group undertakings - 64
Prepayments and accrued income 199 -
53,077 99,750

SOLVING LIMITED (REGISTERED NUMBER: 03532532)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 December 2024

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,264 5,612
Amounts owed to group undertakings 56,498 31,902
Tax 13,624 24,390
VAT 59,070 24,289
Other creditors 20,068 22,310
152,524 108,503

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
20,000 Ordinary shares 1 20,000 20,000

7. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

R M L Taylor FCCA (Senior Statutory Auditor)
for and on behalf of Banks & Co Limited

8. RELATED PARTY DISCLOSURES

During the year ended 31 December 2024 transactions occurred between Solving Limited and its parent company, Ab Solving Oy.

Solving Limited purchased goods from Ab Solving Oy, during the year, amounting to £719,117 (2023: £547,640).

Solving Limited made sales to Ab Solving Oy, during the year, amounting to £5,450 (2023: £14,090).

At the balance sheet date Solving Limited owed £56,497 (2023: £31,902) to Ab Solving Oy and conversely was owed £nil (2023: £64) by Ab Solving Oy.

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is AB Solving Oy, a Finnish registered company, registered at Bennäsvägen 181, 68600 Jakobstad, Finland in which the director, M E Helala, has a beneficial interest of 17% (2023: 17%) of the issued share capital and the director, A M Bjork has a beneficial interest in 10% (2023: 10%) of the issued share capital.