Silverfin false 31/12/2021 31/12/2021 01/01/2021 M P Davies 01/10/2018 Dr E J Wielewski 01/10/2018 12 September 2022 The principal activity of the Company during the financial year was that of information technology consultancy services. SC609436 2021-12-31 SC609436 bus:Director1 2021-12-31 SC609436 bus:Director2 2021-12-31 SC609436 2020-12-31 SC609436 core:CurrentFinancialInstruments 2021-12-31 SC609436 core:CurrentFinancialInstruments 2020-12-31 SC609436 core:Non-currentFinancialInstruments 2021-12-31 SC609436 core:Non-currentFinancialInstruments 2020-12-31 SC609436 core:ShareCapital 2021-12-31 SC609436 core:ShareCapital 2020-12-31 SC609436 core:FurtherSpecificReserve2ComponentTotalEquity 2021-12-31 SC609436 core:FurtherSpecificReserve2ComponentTotalEquity 2020-12-31 SC609436 core:RetainedEarningsAccumulatedLosses 2021-12-31 SC609436 core:RetainedEarningsAccumulatedLosses 2020-12-31 SC609436 core:OfficeEquipment 2020-12-31 SC609436 core:ComputerEquipment 2020-12-31 SC609436 core:OfficeEquipment 2021-12-31 SC609436 core:ComputerEquipment 2021-12-31 SC609436 2021-01-01 2021-12-31 SC609436 bus:FullAccounts 2021-01-01 2021-12-31 SC609436 bus:SmallEntities 2021-01-01 2021-12-31 SC609436 bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 SC609436 bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 SC609436 bus:Director1 2021-01-01 2021-12-31 SC609436 bus:Director2 2021-01-01 2021-12-31 SC609436 core:OfficeEquipment core:TopRangeValue 2021-01-01 2021-12-31 SC609436 core:ComputerEquipment core:TopRangeValue 2021-01-01 2021-12-31 SC609436 2020-01-01 2020-12-31 SC609436 core:OfficeEquipment 2021-01-01 2021-12-31 SC609436 core:ComputerEquipment 2021-01-01 2021-12-31 SC609436 core:CurrentFinancialInstruments 2021-01-01 2021-12-31 SC609436 core:Non-currentFinancialInstruments 2021-01-01 2021-12-31 iso4217:GBP xbrli:pure

Company No: SC609436 (Scotland)

ANOMALOUS TECHNOLOGIES LIMITED T/A FILAMENT

UNAUDITED FINANCIAL STATEMENTS
FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
PAGES FOR FILING WITH THE REGISTRAR

ANOMALOUS TECHNOLOGIES LIMITED T/A FILAMENT

UNAUDITED FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021

Contents

ANOMALOUS TECHNOLOGIES LIMITED T/A FILAMENT

BALANCE SHEET

AS AT 31 DECEMBER 2021
ANOMALOUS TECHNOLOGIES LIMITED T/A FILAMENT

BALANCE SHEET (continued)

AS AT 31 DECEMBER 2021
Note 2021 2020
£ £
Fixed assets
Tangible assets 3 3,729 8,047
3,729 8,047
Current assets
Debtors
- due within one year 4 373 8,012
- due after more than one year 4 220,000 220,000
Cash at bank and in hand 93,283 315,477
313,656 543,489
Creditors
Amounts falling due within one year 5 ( 20,891) ( 55,083)
Net current assets 292,765 488,406
Total assets less current liabilities 296,494 496,453
Creditors
Amounts falling due after more than one year 6 ( 257,830) ( 237,657)
Net assets 38,664 258,796
Capital and reserves
Called-up share capital 10 10
Equity reserve 358,628 362,433
Profit and loss account ( 319,974 ) ( 103,647 )
Total shareholders' funds 38,664 258,796

For the financial year ending 31 December 2021 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Anomalous Technologies Limited t/a Filament (registered number: SC609436) were approved and authorised for issue by the Director on 12 September 2022. They were signed on its behalf by:

M P Davies
Director
ANOMALOUS TECHNOLOGIES LIMITED T/A FILAMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
ANOMALOUS TECHNOLOGIES LIMITED T/A FILAMENT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2021
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anomalous Technologies Limited t/a Filament (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in Scotland. The address of the Company's registered office is 101 Rose Street South Lane, Edinburgh, EH2 3JG, Scotland, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The company has made a loss for the year which is in accordance with the company's plan to invest in the company's product and wider infrastructure to create a scalable opportunity for future growth.

The Directors continually assess the funding needs of the business and consider closely the cost base of the company. The Directors have made significant adjustments to the running of the company to ensure that the company is as lean as possible and have agreed to continue to support the company to meet creditors as they fall due.

Based on the expected outlook for FY2022, the significant reduction in expenditure and the continued support provided, the Directors consider that the company will have adequate resources for the foreseeable future and that the financial statements should be prepared on that basis.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Exchange differences are recognised in the Profit and Loss Account in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Office equipment 3 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.

Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Convertible loan notes
The component parts of compound instruments issued by the Company are classified separately as financial liabilities and equity in accordance with the substance of the contractual arrangement. On initial recognition, the financial liability component is recorded at its fair value. At the date of issue, in the case of a convertible bond denominated in the functional currency of the issuer that may be converted into a fixed number of equity shares, the fair value of the liability component is estimated using the prevailing market interest rate for a similar non-convertible instrument. The equity component is determined by deducting the amount of the liability component from the fair value of the compound instrument as a whole. This is recognised and included in the equity reserve within equity and is not subsequently remeasured.

Transaction costs are apportioned between the liability and equity components of the convertible instrument based on their relative fair values at the date of issue. The portion relating to the equity component is charged directly against equity.

Government grants

Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants relating to revenue are recognised in income over the period in which the related costs are recognised.

2. Employees

2021 2020
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Office equipment Computer equipment Total
£ £ £
Cost
At 01 January 2021 839 9,320 10,159
Disposals 0 ( 3,136) ( 3,136)
At 31 December 2021 839 6,184 7,023
Accumulated depreciation
At 01 January 2021 420 1,692 2,112
Charge for the financial year 280 2,061 2,341
Disposals 0 ( 1,159) ( 1,159)
At 31 December 2021 700 2,594 3,294
Net book value
At 31 December 2021 139 3,590 3,729
At 31 December 2020 419 7,628 8,047

4. Debtors

2021 2020
£ £
Debtors: amounts falling due within one year
Prepayments 0 1,321
VAT recoverable 0 687
Other debtors 373 6,004
373 8,012
Debtors: amounts falling due after more than one year
Other debtors 220,000 220,000

Other debtors due after more than one year represents services which the entity has a contractual entitlement to access at their request. Given there is no certainty of when these services will be provided, it is the director's view that these amounts should be shown as greater than one year to allow a more accurate assessment of the liquidity of the company.

5. Creditors: amounts falling due within one year

2021 2020
£ £
Trade creditors 1,002 0
Other creditors 10,105 46,133
Other taxation and social security 7,682 7,973
Obligations under finance leases and hire purchase contracts (secured) 2,102 977
20,891 55,083

Amounts in respect of finance lease are secured over the assets in which they relate to.

6. Creditors: amounts falling due after more than one year

2021 2020
£ £
Convertible loan notes 256,186 233,244
Obligations under finance leases and hire purchase contracts (secured) 1,644 4,413
257,830 237,657

Amounts in respect of finance lease are secured over the assets in which they relate to.

7. Related party transactions

At the date of the financial statements, the company owed the directors £nil (2020 - £258). The loans are interest free and repayable on demand.