Company Registration No. 12309048 (England and Wales)
Solve Money Ltd
Unaudited accounts
for the year ended 31 December 2024
Solve Money Ltd
Unaudited accounts
Contents
Solve Money Ltd
Company Information
for the year ended 31 December 2024
Director
Nicholas James Watkins
Company Number
12309048 (England and Wales)
Registered Office
7 SION HILL PLACE
BATH
BA1 5SJ
ENGLAND
Accountants
Bidwell Accountancy Limited
103 Milton Keynes Business Centre
Foxhunter Drive
Milton Keynes
Buckinghamshire
MK14 6GD
Solve Money Ltd
Statement of financial position
as at 31 December 2024
Intangible assets
259,729
-
Tangible assets
1,625
1,247
Cash at bank and in hand
22,930
29,226
Creditors: amounts falling due within one year
(902)
(18,648)
Net current assets
88,064
66,029
Total assets less current liabilities
349,418
67,276
Creditors: amounts falling due after more than one year
(43,392)
(193,392)
Net assets/(liabilities)
306,026
(126,116)
Called up share capital
702,765
552,765
Profit and loss account
(396,739)
(678,881)
Shareholders' funds
306,026
(126,116)
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 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 22 May 2025 and were signed on its behalf by
Nicholas James Watkins
Director
Company Registration No. 12309048
Solve Money Ltd
Notes to the Accounts
for the year ended 31 December 2024
Solve Money Ltd is a private company, limited by shares, registered in England and Wales, registration number 12309048. The registered office is 7 SION HILL PLACE, BATH, BA1 5SJ, ENGLAND.
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
Straight Line over 3 years
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other
At 31 December 2024
259,729
At 31 December 2024
259,729
Solve Money Ltd
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
35,007
20,000
Accrued income and prepayments
-
10,242
Other debtors
23,359
23,359
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
(6,308)
11,942
Other creditors
4,897
4,897
Loans from directors
1,198
-
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
43,392
43,392
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).