Company Registration No. 11190198 (England and Wales)
Open Finance Debt Solutions Ltd
Unaudited accounts
for the period from 1 March 2019 to 28 February 2020
Open Finance Debt Solutions Ltd
Unaudited accounts
Contents
Open Finance Debt Solutions Ltd
Company Information
for the period from 1 March 2019 to 28 February 2020
Company Number
11190198 (England and Wales)
Registered Office
KEMP HOUSE
160 CITY ROAD
LONDON
EC1V 2NX
UNITED KINGDOM
Accountants
Ashleigh Hudson MAAT
19 Pemberton Road
Llanelli
Carms
SA14 9BG
Open Finance Debt Solutions Ltd
Statement of financial position
as at
28 February 2020
Cash at bank and in hand
70,517
5,000
Creditors: amounts falling due within one year
(66,884)
(67,732)
Net current assets
3,633
10,908
Profit and loss account
32,929
10,908
Shareholders' funds
32,929
10,908
For the period ending 28 February 2020 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 director acknowledges his 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 11 March 2020.
Mr Jakub Boguta
Director
Company Registration No. 11190198
Open Finance Debt Solutions Ltd
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
Open Finance Debt Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11190198. The registered office is KEMP HOUSE, 160 CITY ROAD, LONDON, EC1V 2NX, 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 period, 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.
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:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 28 February 2020
36,620
Charge for the period
7,324
At 28 February 2020
7,324
At 28 February 2020
29,296
Open Finance Debt Solutions Ltd
Notes to the Accounts
for the period from 1 March 2019 to 28 February 2020
6
Creditors: amounts falling due within one year
2020
2019
Trade creditors
13,152
67,732
Taxes and social security
8,019
-
Loans from directors
45,713
-
7
Average number of employees
During the period the average number of employees was 0 (2019: 0).