Company Registration No. 9676245 (England and Wales)
Solve Web Media Ltd
Unaudited accounts
for the year ended 31 July 2017
Solve Web Media Ltd
Unaudited accounts
Contents
Solve Web Media Ltd
Company Information
for the year ended 31 July 2017
Directors
L Harmer
N Harmer
Company Number
9676245 (England and Wales)
Registered Office
20 Sunderland Avenue
St Eval
Wadebridge
Cornwall
PL27 7TZ
United Kingdom
Accountants
Ambly Accountants Ltd
56 Amberley Gardens
Stoneleigh
Surrey
KT19 0NG
Solve Web Media Ltd
Statement of financial position
as at
31 July 2017
Tangible assets
971
1,442
Cash at bank and in hand
81,867
33,429
Creditors: amounts falling due within one year
(51,621)
(23,581)
Net current assets
68,451
34,331
Total assets less current liabilities
69,422
35,773
Provisions for liabilities
Called up share capital
3
3
Profit and loss account
69,235
35,482
Shareholders' funds
69,238
35,485
For the year ending 31 July 2017 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.
Approved by the Board on 28 February 2018.
L Harmer
Director
Company Registration No. 9676245
Solve Web Media Ltd
Notes to the Accounts
for the year ended 31 July 2017
Solve Web Media Ltd is a private company, limited by shares, registered in England and Wales, registration number 9676245. The registered office is 20 Sunderland Avenue, St Eval, Wadebridge, Cornwall, PL27 7TZ, 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.
These financial statements for the year ended 31 July 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 8 July 2015
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
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.
Solve Web Media Ltd
Notes to the Accounts
for the year ended 31 July 2017
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 August 2016
997
814
1,811
At 31 July 2017
997
963
1,960
At 1 August 2016
277
92
369
Charge for the year
332
288
620
At 31 July 2017
609
380
989
At 31 July 2017
388
583
971
At 31 July 2016
720
722
1,442
Trade debtors
34,969
21,585
Accrued income and prepayments
3,236
2,898
6
Creditors: amounts falling due within one year
2017
2016
Trade creditors
3,563
2,627
Taxes and social security
38,977
17,752
Loans from directors
5,863
1,462
7
Deferred taxation
2017
2016
Accelerated capital allowances
184
288
Provision at start of year
288
-
(Credited)/charged to the profit and loss account
(104)
288
Provision at end of year
184
288
Solve Web Media Ltd
Notes to the Accounts
for the year ended 31 July 2017
8
Share capital
2017
2016
Allotted, called up and fully paid:
3 Ordinary shares of £1 each
3
3
At the period end a directors' loan account balance of £5,183 (2016 - £1,462) is due to L Harmer. This loan is interest free and repayable on demand.
At the period end a further directors' loan account balance of £680 (2016 - £Nil) is due to N Harmer. This loan is interest free and repayable on demand.
10
Transactions with related parties
Solve Web Media Limited invoiced an amount of £1,280 (2016 - £100) to Basecampers Limited a company in which Mr L Harmer is a director and shareholder.
The ultimate controlling party is L Harmer due to his shareholding.
12
Average number of employees
During the year the average number of employees was 4 (2016: 2).
13
Reconciliations on adoption of FRS 102
There are no transition adjustments from FRSSE to FRS102 to disclose.