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Registered Number: 10357895
England and Wales

 

 

 


Unaudited Financial Statements

for the year ended 31 December 2024

for

REPAY SOLUTIONS LIMITED

REPAY SOLUTIONS LIMITED
Statement of Financial Position
As at 31 December 2024
 
 		  
£		 2024
£		    
£		 2023
£
Fixed assets 1,807  2,008 
Current assets 31,437  120,494 
Creditors: amount falling due within one year (12,397) (5,270)
Net current assets/(liabilities) 19,040  115,224 
Total assets less current liabilities 20,847  117,232 
Creditors: amount falling due after more than one year (37,660) (111,351)
Net assets/(liabilities) (16,813) 5,881 
 
Capital and reserves (16,813) 5,881 
 
  1. For the year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
George Julian Robbins
Director

Date approved: 17 September 2025
1
REPAY SOLUTIONS LIMITED
Notes to the Accounts
For the year ended 31 December 2024
Statutory Information
REPAY SOLUTIONS LIMITED is a private limited company, limited by shares, domiciled in England and Wales, registration number 10357895, registration address 85 Great Portland Street, London, W1W 7LT, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future.

If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Fixtures and Fittings10% Reducing Balance
Computer Equipment10% Reducing Balance
Website cost
Planning and operating costs for the company's website are charged to the profit and loss account as incurred.
2.

Tangible fixed assets

Cost or Valuation   Fixtures and Fittings   Computer Equipment   Total
    £   £   £
At 01 January 2024   148    2,574    2,722 
Additions   -    -    - 
At 31 December 2024   148    2,574    2,722 
Depreciation
At 01 January 2024   57    657    714 
Charge for year   9    192    201 
At 31 December 2024   66    849    915 
Net book values
Closing balance as at 31 December 2024   82    1,725    1,807 
Opening balance as at 01 January 2024   91    1,917    2,008 

3.

Average number of employees

Average number of employees during the year were 2 (2023: 3).
2