Registered number
10490979
RATIO APPS LIMITED
Filleted Accounts
30 November 2021
RATIO APPS LIMITED
Registered number: 10490979
Balance Sheet
as at 30 November 2021
Notes 2021 2020
£ £
Fixed assets
Intangible assets 3 14,400 19,200
Current assets
Debtors 4 2,150 1,100
Cash at bank and in hand 431 8,820
2,581 9,920
Creditors: amounts falling due within one year 5 (2,165) (2,965)
Net current assets 416 6,955
Total assets less current liabilities 14,816 26,155
Creditors: amounts falling due after more than one year 6 (35,000) (35,000)
Net liabilities (20,184) (8,845)
Capital and reserves
Called up share capital 100 100
Profit and loss account (20,284) (8,945)
Shareholder's funds (20,184) (8,845)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Oumaduth Sauba
Director
Approved by the board on 19 August 2022
RATIO APPS LIMITED
Notes to the Accounts
for the year ended 30 November 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company - -
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2020 24,000
At 30 November 2021 24,000
Amortisation
At 1 December 2020 4,800
Provided during the year 4,800
At 30 November 2021 9,600
Net book value
At 30 November 2021 14,400
At 30 November 2020 19,200
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Debtors 2021 2020
£ £
Trade debtors 1,100 1,100
Other debtors 1,050 -
2,150 1,100
5 Creditors: amounts falling due within one year 2021 2020
£ £
Director current account 165 23
Trade creditors 2,000 2,000
Other creditors - 942
2,165 2,965
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 35,000 35,000
7 Other information
RATIO APPS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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