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REGISTERED NUMBER: 04502568 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

FLARE SOFTWARE LTD

PREVIOUSLY KNOWN AS
IGEEK LIMITED

FLARE SOFTWARE LTD (REGISTERED NUMBER: 04502568)
PREVIOUSLY KNOWN AS IGEEK LIMITED






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


FLARE SOFTWARE LTD
PREVIOUSLY KNOWN AS IGEEK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2022







DIRECTORS: J R Chiswell Jones
J A Fairhead





REGISTERED OFFICE: The Hive
6 Beaufighter Road
Weston-Super-Mare
North Somerset
BS24 8EE





REGISTERED NUMBER: 04502568 (England and Wales)





ACCOUNTANTS: Gordon Wood Scott & Partners Limited
Chartered Accountants
Dean House
94 Whiteladies Road
Clifton
Bristol
BS8 2QX

FLARE SOFTWARE LTD (REGISTERED NUMBER: 04502568)
PREVIOUSLY KNOWN AS IGEEK LIMITED

BALANCE SHEET
31 MARCH 2022

31.3.22 31.3.21
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,959 10,286

CURRENT ASSETS
Debtors 5 18,070 16,200
Cash at bank 80,569 82,117
98,639 98,317
CREDITORS
Amounts falling due within one year 6 (25,180 ) (23,581 )
NET CURRENT ASSETS 73,459 74,736
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,418

85,022

PROVISIONS FOR LIABILITIES (1,226 ) (1,597 )
NET ASSETS 80,192 83,425

CAPITAL AND RESERVES
Called up share capital 7 60 60
Capital redemption reserve 30 30
Retained earnings 80,102 83,335
SHAREHOLDERS' FUNDS 80,192 83,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

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.

FLARE SOFTWARE LTD (REGISTERED NUMBER: 04502568)
PREVIOUSLY KNOWN AS IGEEK LIMITED

BALANCE SHEET - continued
31 MARCH 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 July 2022 and were signed on its behalf by:




J R Chiswell Jones - Director



J A Fairhead - Director


FLARE SOFTWARE LTD (REGISTERED NUMBER: 04502568)
PREVIOUSLY KNOWN AS IGEEK LIMITED

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2022

1. STATUTORY INFORMATION

Flare Software Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided in the period, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures, fittings and equipment - 20% on reducing balance
Computer equipment - 25% on reducing balance

Government grants
Grants are accounted under the accruals model as permitted by FRS 102. Grants that are received in respect of expenses or losses already incurred are recognised in "other income" within profit and loss in the period when the grant becomes receivable.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

Short term debtors are measured at transaction price less any impairment.

Short term creditors are measured at transaction price.

Cash is represented by deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

Other financial liabilities, including borrowings are initially measured at fair value and subsequently measured at amortised cost using the effective interest rate method, with interest expense recognised on an effective yield basis.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


FLARE SOFTWARE LTD (REGISTERED NUMBER: 04502568)
PREVIOUSLY KNOWN AS IGEEK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
and Computer
equipment equipment Totals
£    £    £   
COST
At 1 April 2021 9,132 21,264 30,396
Additions 128 692 820
Disposals - (2,408 ) (2,408 )
At 31 March 2022 9,260 19,548 28,808
DEPRECIATION
At 1 April 2021 6,531 13,579 20,110
Charge for year 546 1,925 2,471
Eliminated on disposal - (1,732 ) (1,732 )
At 31 March 2022 7,077 13,772 20,849
NET BOOK VALUE
At 31 March 2022 2,183 5,776 7,959
At 31 March 2021 2,601 7,685 10,286

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Trade debtors 15,968 15,435
Tax 1,010 -
Prepayments and accrued income 1,092 765
18,070 16,200

FLARE SOFTWARE LTD (REGISTERED NUMBER: 04502568)
PREVIOUSLY KNOWN AS IGEEK LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.22 31.3.21
£    £   
Corporation Tax 13,252 12,568
VAT 8,656 7,525
Directors' current accounts 1,546 1,796
Accruals and deferred income 1,726 1,692
25,180 23,581

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.22 31.3.21
value: £    £   
60 Ordinary £1 60 60

8. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed £1,546 to the directors. This amount was repayable on demand and no interest was charged.