Company Registration No. 11190198 (England and Wales)
Open Finance Debt Solutions Ltd
Unaudited accounts
for the year ended 28 February 2022
Open Finance Debt Solutions Ltd
Unaudited accounts
Contents
Open Finance Debt Solutions Ltd
Company Information
for the year ended 28 February 2022
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 2022
Tangible assets
18,748
23,436
Cash at bank and in hand
76,681
89,945
Creditors: amounts falling due within one year
(56,085)
(21,026)
Net current assets
20,596
68,919
Total assets less current liabilities
39,344
92,355
Creditors: amounts falling due after more than one year
-
(50,000)
Profit and loss account
39,343
42,354
Shareholders' funds
39,344
42,355
For the year ending 28 February 2022 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.
The financial statements were approved by the Board and authorised for issue on 8 April 2022 and were signed on its behalf by
Mr Jakub Boguta
Director
Company Registration No. 11190198
Open Finance Debt Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2022
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 year, 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 2022
36,620
Charge for the year
4,688
At 28 February 2022
17,872
At 28 February 2022
18,748
At 28 February 2021
23,436
5
Creditors: amounts falling due within one year
2022
2021
Trade creditors
25,274
13,152
Taxes and social security
10,060
3,585
Loans from directors
4,251
4,250
Open Finance Debt Solutions Ltd
Notes to the Accounts
for the year ended 28 February 2022
6
Creditors: amounts falling due after more than one year
2022
2021
7
Average number of employees
During the year the average number of employees was 0 (2021: 0).