Company Registration No. NI663030 (Northern Ireland)
Solve Engineering Ltd
Unaudited accounts
for the year ended 31 March 2026
Solve Engineering Ltd
Statement of financial position
as at 31 March 2026
Tangible assets
14,639
8,449
Cash at bank and in hand
35,087
43,736
Creditors: amounts falling due within one year
(51,095)
(50,801)
Net current liabilities
(1,501)
(7,065)
Called up share capital
2
2
Profit and loss account
13,136
1,382
Shareholders' funds
13,138
1,384
For the year ending 31 March 2026 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2026 and were signed on its behalf by
Samuel Paul
Director
Company Registration No. NI663030
Solve Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2026
Solve Engineering Ltd is a private company, limited by shares, registered in Northern Ireland, registration number NI663030. The registered office is 136 Ballywatermoy Road, Glarryford, Ballymena, BT44 9EU, United Kingdom.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of engineering design services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
Expenditure on research and development is written off in the year in which it is incurred.
The directors believe that Solve Engineering Ltd has adequate resources available to enable it to continue to meet its ongoing obligations as and when they fall due for at least a period of 12 months from the date of approval of the financial statements. Accordingly, the company continues to adopt the going concern basis in preparation of its financial statements.
Solve Engineering Ltd
Notes to the Accounts
for the year ended 31 March 2026
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2025
4,700
31,566
36,266
At 31 March 2026
11,950
32,232
44,182
At 1 April 2025
4,460
23,357
27,817
Charge for the year
894
832
1,726
At 31 March 2026
5,354
24,189
29,543
At 31 March 2026
6,596
8,043
14,639
At 31 March 2025
240
8,209
8,449
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2026
2025
Taxes and social security
8,343
7,566
Loans from directors
38,594
38,623
Allotted, called up and fully paid:
1 A Ordinary share of £1 each
1
1
1 B Ordinary share of £1 each
1
1
8
Average number of employees
During the year the average number of employees was 1 (2025: 1).