Company Registration No. 09676245 (England and Wales)
Solve Web Media Limited
Abbreviated unaudited accounts
for the period from 8 July 2015 to 31 July 2016
Solve Web Media Limited
Abbreviated Balance Sheet
as at
31 July 2016
Cash at bank and in hand
33,429
Creditors: amounts falling due within one year
(23,581)
Net current assets
34,331
Total assets less current liabilities
35,773
Provisions for liabilities
(288)
Called up share capital
3
Profit and loss account
35,482
Total shareholders' funds
35,485
For the period ending 31 July 2016 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 in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Approved by the board on 15 December 2016
L Harmer
Director
Company Registration No. 09676245
Solve Web Media Limited
Notes to the Abbreviated Accounts
for the period from 8 July 2015 to 31 July 2016
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2015).
Turnover represents the value, net of VAT and discounts, of work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
3 years - on a straight line basis
Computer equipment
3 years - on a straight line basis
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
At 31 July 2016
997
814
1,811
Charge for the year
277
92
369
At 31 July 2016
277
92
369
At 31 July 2016
720
722
1,442
Solve Web Media Limited
Notes to the Abbreviated Accounts
for the period from 8 July 2015 to 31 July 2016
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
Shares issued during the period:
3 Ordinary shares of £1 each
3