REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
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Resolving Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 30 April 2016 |
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for |
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Resolving Limited |
Resolving Limited (Registered number: 08021550) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
Resolving Limited (Registered number: 08021550) |
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Abbreviated Balance Sheet |
30 April 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 | 1,000 | 1,000 |
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CURRENT ASSETS |
Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 5 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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Resolving Limited (Registered number: 08021550) |
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Abbreviated Balance Sheet - continued |
30 April 2016 |
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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. |
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The financial statements were approved by the Board of Directors on
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Resolving Limited (Registered number: 08021550) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Turnover |
Turnover represents the net invoice value, excluding value added tax, of sales relating to the year. |
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Development costs |
Amortisation is provided on a straight line basis over 3 years in order to write off the cost less estimated residual |
value of the asset over its estimated useful life. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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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 the profit and loss account in the period to which they relate. |
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Going concern |
The company has incurred losses in the last two consecutive year. However, the directors believes sufficient |
financial resources are available to the company to enable it to continue trading into the foreseeable future. |
Therefore, the financial statements have been prepared on a going concern basis. |
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Investments |
Fixed asset investments are stated at cost less provision for permanent diminution in value. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
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Additions |
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At 30 April 2016 |
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AMORTISATION |
At 1 May 2015 |
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Amortisation for year |
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At 30 April 2016 |
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NET BOOK VALUE |
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At 30 April 2016 |
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At 30 April 2015 |
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Resolving Limited (Registered number: 08021550) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2015 |
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Additions |
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At 30 April 2016 |
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DEPRECIATION |
At 1 May 2015 |
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Charge for year |
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At 30 April 2016 |
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NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
£ |
COST |
At 1 May 2015 |
and 30 April 2016 | 1,000 |
NET BOOK VALUE |
At 30 April 2016 |
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At 30 April 2015 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Nature of business:
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Class of shares: | holding |
Ordinary | 100.00 |
Resolving Limited (Registered number: 08021550) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2016 |
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5. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid; |
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Number | Class | Nominal value | 2016 | 2015 |
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82,113 | Ordinary | £1 | - | 82,113 |
9,260,366 | Ordinary | £0.01 | 92,603 | - |
92,603 | 82,113 |
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On 18 May 2015, the issued Ordinary share of £82,113 were sub-divided to 8,211,300 Ordinary shares of £0.01 |
each. |
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On 9 December 2015, 600,136 Ordinary shares of £0.01 each were allotted and fully paid at a premium of |
£0.903 per share. |
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On 29 April 2016, further 448,930 Ordinary shares of £0.01 each were allotted and fully paid at a premium of |
£0.903 per share. |
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The company has the following number of ordinary shares issuable under share options; |
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Share scheme |
Date of Grant |
Number of
Ordinary Shares Under Option |
Exercise Price |
Exercise Period |
Enterprise Management Incentives |
30/01/2015 |
390,000 |
£0.01 |
31/01/2016 -
31/01/2026 |
Enterprise Management Incentives |
10/03/2015 |
15,000 |
£0.01 |
11/03/2016 -
11/03/2026 |
Enterprise Management Incentives |
08/06/2015 |
10,000 |
£0.01 |
09/06/2016 -
09/06/2026 |
Enterprise Management Incentives |
21/09/2015 |
5,000 |
£0.01 |
22/09/2016 -
22/09/2026 |
Enterprise Management Incentives |
01/12/2015 |
15,000 |
£0.01 |
02/12/2016 -
02/12/2026 |
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Unapproved Share Option Scheme |
02/05/2015 |
15,000 |
£0.01 |
03/05/2016 -
03/05/2026 |
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6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the years ended 30 April 2016 and |
30 April 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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