back to CREDITSOLV LTD detail Creditsolv Ltd
6 December 2016 false No description of principal activity Taxfiler 2018.2.Web true SC551892business:PrivateLimitedCompanyLtd2016-12-062017-12-31 SC5518922016-12-05 SC5518922016-12-062017-12-31 SC551892business:AuditExemptWithAccountantsReport2016-12-062017-12-31 SC551892business:FullAccounts2016-12-062017-12-31 SC5518922017-12-31 SC551892business:Director12016-12-062017-12-31 SC551892business:Director22016-12-062017-12-31 SC551892business:RegisteredOffice2016-12-062017-12-31 SC551892core:WithinOneYear2017-12-31 SC551892core:ShareCapital2017-12-31 SC551892core:RetainedEarningsAccumulatedLosses2017-12-31 SC551892business:SmallEntities2016-12-062017-12-31 SC551892countries:Scotland2016-12-062017-12-31 SC551892core:ComputerEquipment2016-12-062017-12-31 SC551892core:ComputerEquipment2016-12-05 SC551892core:ComputerEquipment2017-12-31 SC551892business:OrdinaryShareClass12016-12-062017-12-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. SC551892 (Scotland)
Creditsolv Ltd Unaudited accounts for the period from 6 December 2016 to 31 December 2017
Creditsolv Ltd Unaudited accounts Contents
Page
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Creditsolv Ltd Company Information for the period from 6 December 2016 to 31 December 2017
Directors
J P Kelly M Sommerville
Company Number
SC551892 (Scotland)
Registered Office
5/3, 171 Finnieston Street Glasgow G3 8HD
Accountants
Assenti & Noble Ltd 18 Mosshead Road Bearsden Glasgow G61 3HN
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Creditsolv Ltd Statement of financial position as at 31 December 2017
2017 
Notes
£ 
Fixed assets
Tangible assets
2,398 
Current assets
Debtors
24,958 
Cash at bank and in hand
22,217 
47,175 
Creditors: amounts falling due within one year
(53,346)
Net current liabilities
(6,171)
Net liabilities
(3,773)
Capital and reserves
Called up share capital
1 
Profit and loss account
(3,774)
Shareholders' funds
(3,773)
For the period ending 31 December 2017 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 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 22 March 2018.
J P Kelly Director Company Registration No. SC551892
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Creditsolv Ltd Notes to the Accounts for the period from 6 December 2016 to 31 December 2017
1
Statutory information
Creditsolv Ltd is a private company, limited by shares, registered in Scotland, registration number SC551892. The registered office is 5/3, 171 Finnieston Street, Glasgow, G3 8HD.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover represents net invoiced sales, excluding value added tax.
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
25% straight line
Going concern
The balance sheet shows that the company has an excess of liabilities over assets. The accounts have been prepared on a going concern basis assuming the continuing financial support of the company's directors.
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 6 December 2016
- 
Additions
2,485 
At 31 December 2017
2,485 
Depreciation
Charge for the period
87 
At 31 December 2017
87 
Net book value
At 31 December 2017
2,398 
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Creditsolv Ltd Notes to the Accounts for the period from 6 December 2016 to 31 December 2017
5
Debtors
2017 
£ 
Trade debtors
16,200 
Accrued income and prepayments
4,050 
Other debtors
4,708 
24,958 
6
Creditors: amounts falling due within one year
2017 
£ 
Bank loans and overdrafts
2,106 
Trade creditors
1,120 
Other creditors
19,620 
Loans from directors
30,000 
Accruals
500 
53,346 
7
Share capital
2017 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1 
8
Average number of employees
During the period the average number of employees was 0.
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