Silverfin false false 31/08/2025 01/09/2024 31/08/2025 L E Hinton 06/08/2013 A H Hyams 31/08/2025 06/08/2013 Kelly Knight 01/09/2025 08 April 2026 The principal activity of the Company during the financial year was that of dealing in insolvency. 08640857 2025-08-31 08640857 bus:Director1 2025-08-31 08640857 bus:Director2 2025-08-31 08640857 bus:Director3 2025-08-31 08640857 2024-08-31 08640857 core:CurrentFinancialInstruments 2025-08-31 08640857 core:CurrentFinancialInstruments 2024-08-31 08640857 core:Non-currentFinancialInstruments 2025-08-31 08640857 core:Non-currentFinancialInstruments 2024-08-31 08640857 core:ShareCapital 2025-08-31 08640857 core:ShareCapital 2024-08-31 08640857 core:RetainedEarningsAccumulatedLosses 2025-08-31 08640857 core:RetainedEarningsAccumulatedLosses 2024-08-31 08640857 core:Goodwill 2024-08-31 08640857 core:Goodwill 2025-08-31 08640857 core:Vehicles 2024-08-31 08640857 core:FurnitureFittings 2024-08-31 08640857 core:ComputerEquipment 2024-08-31 08640857 core:Vehicles 2025-08-31 08640857 core:FurnitureFittings 2025-08-31 08640857 core:ComputerEquipment 2025-08-31 08640857 bus:OrdinaryShareClass1 2025-08-31 08640857 2024-09-01 2025-08-31 08640857 bus:FilletedAccounts 2024-09-01 2025-08-31 08640857 bus:SmallEntities 2024-09-01 2025-08-31 08640857 bus:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 08640857 bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 08640857 bus:Director1 2024-09-01 2025-08-31 08640857 bus:Director2 2024-09-01 2025-08-31 08640857 bus:Director3 2024-09-01 2025-08-31 08640857 core:Goodwill core:TopRangeValue 2024-09-01 2025-08-31 08640857 core:Goodwill 2024-09-01 2025-08-31 08640857 core:Vehicles core:TopRangeValue 2024-09-01 2025-08-31 08640857 core:FurnitureFittings 2024-09-01 2025-08-31 08640857 core:ComputerEquipment 2024-09-01 2025-08-31 08640857 2023-09-01 2024-08-31 08640857 core:Vehicles 2024-09-01 2025-08-31 08640857 core:CurrentFinancialInstruments 2024-09-01 2025-08-31 08640857 bus:OrdinaryShareClass1 2024-09-01 2025-08-31 08640857 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 08640857 (England and Wales)

# INSOLVE PLUS LTD

### Unaudited Financial Statements
For the financial year ended 31 August 2025
Pages for filing with the registrar

INSOLVE PLUS LTD

## Unaudited Financial Statements

For the financial year ended 31 August 2025

Contents

INSOLVE PLUS LTD

## STATEMENT OF FINANCIAL POSITION

As at 31 August 2025
INSOLVE PLUS LTD

## STATEMENT OF FINANCIAL POSITION (continued)

As at 31 August 2025

| Note | 2025 |  | 2024
|  | £ |  | £
Fixed assets |  |  |  |
Intangible assets | 3 | 164,800 |  | 185,400
Tangible assets | 4 | 14,854 |  | 9,720
|  | 179,654 |  | 195,120
Current assets |  |  |  |
Stocks |  | 249,371 |  | 243,002
Debtors | 5 | 68,249 |  | 24,252
Cash at bank and in hand |  | 48,412 |  | 40,789
|  | 366,032 |  | 308,043
Creditors: amounts falling due within one year | 6 | ( 252,232) |  | ( 287,287)
Net current assets |  | 113,800 |  | 20,756
Total assets less current liabilities |  | 293,454 |  | 215,876
Creditors: amounts falling due after more than one year | 7 | ( 173,470) |  | ( 167,368)
Net assets |  | 119,984 |  | 48,508
Capital and reserves |  |  |  |
Called-up share capital | 8 | 100 |  | 100
Profit and loss account |  | 119,884 |  | 48,408
Total shareholders' funds |  | 119,984 |  | 48,508

For the financial year ending 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the financial year in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
- These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Insolve Plus Ltd (registered number: 08640857) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

L E Hinton Director |

08 April 2026

INSOLVE PLUS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025
INSOLVE PLUS LTD

## NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2025

##### 1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

##### General information and basis of accounting

Insolve Plus Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the company's registered office is 14 Bonhill Street, London, EC2A 4BX, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

##### Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

##### Turnover

Turnover represents the sale insolvency services.
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

##### Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

##### Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill | 20 years straight line

###### Goodwill

Goodwill arises on business combination and represents any excess of consideration given over the fair value of the identifiable assets and liabilities acquired. Goodwill is initially recognised as an intangible asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis over its useful economic life, which is 20 years.

##### Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Vehicles | 3 years straight line
Fixtures and fittings | 25 % reducing balance
Computer equipment | 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

##### Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Statement of Financial Position date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

##### Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

##### Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

##### Financial instruments

The Company only enters into basic financial instruments and transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to and from related parties and investments in non-puttable ordinary shares.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, 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 the Statement of Income and Retained Earnings.

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) 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.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, 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.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

##### Ordinary share capital

The ordinary share capital of the company is presented as equity.

##### Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

#### 2. Employees

| 2025 |  | 2024
| Number |  | Number
Monthly average number of persons employed by the company during the year, including directors | 11 |  | 10

#### 3. Intangible assets

| Goodwill |  | Total
| £ |  | £
Cost |  |  |
At 01 September 2024 | 412,000 |  | 412,000
At 31 August 2025 | 412,000 |  | 412,000
Accumulated amortisation |  |  |
At 01 September 2024 | 226,600 |  | 226,600
Charge for the financial year | 20,600 |  | 20,600
At 31 August 2025 | 247,200 |  | 247,200
Net book value |  |  |
At 31 August 2025 | 164,800 |  | 164,800
At 31 August 2024 | 185,400 |  | 185,400

#### 4. Tangible assets

| Vehicles |  | Fixtures and fittings |  | Computer equipment |  | Total
| £ |  | £ |  | £ |  | £
Cost |  |  |  |  |  |  |
At 01 September 2024 | 46,098 |  | 16,940 |  | 17,913 |  | 80,951
Additions | 0 |  | 1,830 |  | 6,705 |  | 8,535
Disposals | ( 46,098) |  | 0 |  | 0 |  | ( 46,098)
At 31 August 2025 | 0 |  | 18,770 |  | 24,618 |  | 43,388
Accumulated depreciation |  |  |  |  |  |  |
At 01 September 2024 | 46,098 |  | 13,515 |  | 11,618 |  | 71,231
Charge for the financial year | 0 |  | 1,276 |  | 2,125 |  | 3,401
Disposals | ( 46,098) |  | 0 |  | 0 |  | ( 46,098)
At 31 August 2025 | 0 |  | 14,791 |  | 13,743 |  | 28,534
Net book value |  |  |  |  |  |  |
At 31 August 2025 | 0 |  | 3,979 |  | 10,875 |  | 14,854
At 31 August 2024 | 0 |  | 3,425 |  | 6,295 |  | 9,720

#### 5. Debtors

| 2025 |  | 2024
| £ |  | £
Trade debtors | 15,498 |  | 24,252
Other debtors | 52,751 |  | 0
| 68,249 |  | 24,252

#### 6. Creditors: amounts falling due within one year

| 2025 |  | 2024
| £ |  | £
Trade creditors | 8,167 |  | 63,986
Taxation and social security | 207,907 |  | 178,323
Other creditors | 36,158 |  | 44,978
| 252,232 |  | 287,287

There are no amounts included above in respect of which any security has been given by the small entity.

#### 7. Creditors: amounts falling due after more than one year

| 2025 |  | 2024
| £ |  | £
Other creditors | 173,470 |  | 167,368

#### 8. Called-up share capital

| 2025 |  | 2024
| £ |  | £
Allotted, called-up and fully-paid |  |  |
100 Ordinary shares of £ 1.00 each | 100 |  | 100

#### 9. Financial commitments

Commitments

| 2025 |  | 2024
| £ |  | £
Total future minimum lease payments under non-cancellable operating leases | 419,915 |  | 496,775

#### 10. Related party transactions

Transactions with entities in which the entity itself has a participating interest

| 2025 |  | 2024
| £ |  | £
Included in creditors due within more than one year are amounts owed to a company that holds majority interest | 173,470 |  | 167,368

Transactions with the entity's directors

| 2025 |  | 2024
| £ |  | £
Included in other creditors are amounts owed to entity directors | 0 |  | 42,923