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PROBLEM SOLVED UX LIMITED - Company Information

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Registered number: 08535436

Problem Solved Ux Limited

Unaudited Financial Statements

for the period ended 21 February 2020

Statement of Financial Position

as at 21 February 2020

2020

2019

Called up share capital not paid

Fixed assets

16,493

Current assets

220,897

199,778

Prepayments and accrued income

Creditors: amounts falling due within one year

( 13,267 )

( 57,321 )

Net current assets (liabilities)

207,630

142,457

Total assets less current liabilities

207,630

158,950

Creditors: amounts falling due after more than one year

Provisions for liabilities

Accruals and deferred income

( 4,350 )

Net assets

203,280

158,950

Capital and reserves

203,280

158,950

08535436 2019-06-01 2020-02-21 08535436 2018-06-01 2019-05-31 08535436 2020-02-21 08535436 2019-05-31 08535436 2019-06-01 08535436 uk-frs102:WithinOneYear 2020-02-21 08535436 uk-frs102:AfterOneYear 2020-02-21 08535436 uk-frs102:WithinOneYear 2019-05-31 08535436 uk-frs102:AfterOneYear 2019-05-31 08535436 uk-bus:AuditExempt-NoAccountantsReport 2019-06-01 2020-02-21 08535436 uk-bus:AbbreviatedAccounts 2019-06-01 2020-02-21 08535436 uk-bus:Director1 1 2019-06-01 2020-02-21 08535436 uk-bus:Director2 2 2019-06-01 2020-02-21 08535436 uk-bus:Director1 2019-06-01 2020-02-21 08535436 uk-bus:Director2 2019-06-01 2020-02-21 08535436 uk-bus:Director1 1 2019-06-01 08535436 uk-bus:Director2 2 2019-06-01 08535436 uk-bus:Director1 1 2020-02-21 08535436 uk-bus:Director2 2 2020-02-21 08535436 uk-bus:Micro-entities 2019-06-01 2020-02-21 08535436 uk-bus:PrivateLimitedCompanyLtd 2019-06-01 2020-02-21 iso4217:GBP 08535436 countries:EnglandWales 2019-06-01 2020-02-21 08535436 uk-bus:RegisteredOffice 2019-06-01 2020-02-21

Footnotes to the Statement of Financial Position

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Andrew Wills

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of £22,253 made to Andrew Wills, a director of the company, on 26/06/2019.

During the accounting period the maximum amount payable by Andrew Wills was £27,942

The following conditions are attached to the amount payable by Andrew Wills:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid to the company.

Opening balance 01/06/2019	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 21/02/2020
£	£	£	£	£	£	£
202	( 34,524 ) ( 34,524 )	12,069 12,069	0	0	0	( 22,253 )

Kelly Marie Schoolcraft-Wills

Included in debtors is an amount payable to the company by one of its directors. The amount is an advance of Â£18,070 made to Kelly Marie Schoolcraft-Wills, a director of the company, on 01/06/2019.

During the accounting period the maximum amount payable by Kelly Marie Schoolcraft-Wills was Â£28,754

The following conditions are attached to the amount payable by Kelly Marie Schoolcraft-Wills:

There is no interest due to be paid on any outstanding amount
No fixed date has been set for the amount to be repaid to the company.

Opening balance 01/06/2019	Additional advance	Amount repaid	Amount written off	Amounts waived	Interest payable	Closing balance 21/02/2020
£	£	£	£	£	£	£
205	( 29,298 ) ( 29,298 )	11,023 11,023	0	0	0	( 18,070 )

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

5. Going Concern

The company ceased to trade during the period and the accounts have been prepared on a break-up basis.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the period ending 21/02/2020 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 directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts