Solverlink Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09788026 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

SOLVERLINK LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P G Atherton

Mrs C E Menzies

Mrs S L Rowe

C E Widdows

REGISTERED OFFICE:

Unit 1.1, Paintworks,

Bath Road,

Bristol

BS4 3EH

REGISTERED NUMBER:

09788026 (England and Wales)

ACCOUNTANTS:

Lawes & Co

Boyce's Building

40-42 Regent Street

Clifton

Bristol

BS8 4HU

FIXED ASSETS

Tangible assets

4

16,557

2,993

CURRENT ASSETS

Debtors

5

89,311

74,382

Cash at bank

7,463

17,533

96,774

91,915

CREDITORS

Amounts falling due within one year

6

337,304

94,587

NET CURRENT LIABILITIES

(240,530

)

(2,672

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(223,973

)

321

PROVISIONS FOR LIABILITIES

3,146

569

NET LIABILITIES

(227,119

)

(248

)

CAPITAL AND RESERVES

Called up share capital

7

500

100

Retained earnings

8

(227,619

)

(348

)

SHAREHOLDERS' FUNDS

(227,119

)

(248

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 May 2019 and were signed on its behalf by:

P G Atherton - Director

1.	STATUTORY INFORMATION

Solverlink Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the

Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

25% on cost

Computer equipment

-

33% on cost

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive

income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that

have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred

tax is measured using tax rates and laws that have been enacted or substantively enacted

by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it

is probable that they will be recovered against the reversal of deferred tax liabilities or other

future taxable profits.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

The financial accounts have been prepared on a going concern basis due to the continued

support of the directors and other group companies.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2017 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

£

£

COST

At 1 January 2018

-

3,293

3,293

Additions

6,257

16,097

22,354

At 31 December 2018

6,257

19,390

25,647

DEPRECIATION

At 1 January 2018

-

300

300

Charge for year

1,469

7,321

8,790

At 31 December 2018

1,469

7,621

9,090

NET BOOK VALUE

At 31 December 2018

4,788

11,769

16,557

At 31 December 2017

-

2,993

2,993

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade debtors

1,126

71,460

Other debtors

88,185

2,922

89,311

74,382

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.18

31.12.17

£

£

Trade creditors

36,373

12,677

Taxation and social security

8,792

11,395

Other creditors

292,139

70,515

337,304

94,587

7.	CALLED UP SHARE CAPITAL

Allotted and issued:

Number:

Class:

Nominal

31.12.18

31.12.17

value:

£

£

4,250

Ordinary

£0.10

425

100

750

A Ordinary

£0.10

75

-

500

100

4,000 Ordinary shares of £0.10 each were allotted at par during the year.

8.

RESERVES

Retained

earnings

£

At 1 January 2018

(348

)

Deficit for the year

(227,271

)

At 31 December 2018

(227,619

)

9.	RELATED PARTY DISCLOSURES

At the year end, the company owed Ignition DG Limited, an associated company, £303,252

(2017: £71,927), £288,874 of which is included in other creditors and the remaining £14,378

is included within trade creditors. At the year end, the company was owed £Nil from Ignition

DG Limited (2017: £21,600).

The company also made purchases of £64,451 (2017: £3,674) from Ignition DG Limited.

During the year, the company invoiced £253,126 (2017: £18,056) in relation to a

management charge to Ignition DG Limited.

During the year, the company was invoiced £Nil (2017: £650) by Caroline Partners Limited,

an associated company. At the year end, the company owed £Nil (2017: £780) and this

amount is included in trade creditors.

During the year, the The Istoria Group Limited, an associated company, (previously named

The Blue Flint Group Limited), paid expenses on behalf of the company of £498 and was

repaid £498.

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is P G Atherton.