1 false false false false false false false false false false true false false false false true false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 26,079 25,984 95 95 53,112 51,906 768 664 52,010 1,102 1,206 13,880 13,880 13,880 xbrli:pure xbrli:shares iso4217:GBP 06343947 2022-04-01 2023-03-31 06343947 2023-03-31 06343947 2022-03-31 06343947 2021-04-01 2022-03-31 06343947 2022-03-31 06343947 2021-03-31 06343947 bus:Director1 2022-04-01 2023-03-31 06343947 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 06343947 core:PlantMachinery 2022-03-31 06343947 core:PlantMachinery 2023-03-31 06343947 core:WithinOneYear 2023-03-31 06343947 core:WithinOneYear 2022-03-31 06343947 core:PlantMachinery 2022-04-01 2023-03-31 06343947 core:ShareCapital 2023-03-31 06343947 core:ShareCapital 2022-03-31 06343947 core:RetainedEarningsAccumulatedLosses 2023-03-31 06343947 core:RetainedEarningsAccumulatedLosses 2022-03-31 06343947 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 06343947 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-03-31 06343947 core:CostValuation core:Non-currentFinancialInstruments 2023-03-31 06343947 core:Non-currentFinancialInstruments 2023-03-31 06343947 core:PlantMachinery 2022-03-31 06343947 bus:SmallEntities 2022-04-01 2023-03-31 06343947 bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 06343947 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 06343947 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 06343947 bus:FullAccounts 2022-04-01 2023-03-31
COMPANY REGISTRATION NUMBER: 06343947
EthosData Limited
Filleted Unaudited Financial Statements
31 March 2023
EthosData Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
£
Fixed assets
Intangible assets
5
95
95
Tangible assets
6
1,102
1,206
Investments
7
13,880
11,325
--------
--------
15,077
12,626
Current assets
Debtors
8
132,377
123,720
Cash at bank and in hand
698,356
497,733
---------
---------
830,733
621,453
Creditors: amounts falling due within one year
9
593,204
397,513
---------
---------
Net current assets
237,529
223,940
---------
---------
Total assets less current liabilities
252,606
236,566
---------
---------
Net assets
252,606
236,566
---------
---------
Capital and reserves
Called up share capital
1
1
Profit and loss account
252,605
236,565
---------
---------
Shareholders funds
252,606
236,566
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
EthosData Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 5 November 2023 , and are signed on behalf of the board by:
Mr F Lorca
Director
Company registration number: 06343947
EthosData Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Penhurst House, 352-356 Battersea Park Road, London, SW11 3BY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 4 ).
5. Intangible assets
Development costs
£
Cost
At 1 April 2022 and 31 March 2023
26,079
--------
Amortisation
At 1 April 2022 and 31 March 2023
25,984
--------
Carrying amount
At 31 March 2023
95
--------
At 31 March 2022
95
--------
6. Tangible assets
Plant and machinery
Total
£
£
Cost
At 1 April 2022 and 31 March 2023
53,112
53,112
--------
--------
Depreciation
At 1 April 2022
51,906
51,906
Charge for the year
768
768
Disposals
( 664)
( 664)
--------
--------
At 31 March 2023
52,010
52,010
--------
--------
Carrying amount
At 31 March 2023
1,102
1,102
--------
--------
At 31 March 2022
1,206
1,206
--------
--------
7. Investments
Shares in group undertakings
£
Cost
At 1 April 2022
Additions
13,880
--------
At 31 March 2023
13,880
--------
Impairment
At 1 April 2022 and 31 March 2023
--------
Carrying amount
At 31 March 2023
13,880
--------
At 31 March 2022
--------
8. Debtors
2023
2022
£
£
Trade debtors
81,818
91,414
Other debtors
50,559
32,306
---------
---------
132,377
123,720
---------
---------
9. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
343,554
117,686
Social security and other taxes
3,365
18,195
Other creditors
246,285
261,632
---------
---------
593,204
397,513
---------
---------
Other creditors includes deferred income totalling £173,109,(2022:£160,395)
10. Related party transactions
The company was under the control of Ethos Data Holdings Limited throughout the current and previous year. Royalty fees of £211,577, (2022:£237,236) were paid to Ethos Data Holdings Limited.
11. Controlling party
Ethos Data Holdings Limited (incorporated in Cyprus) is regarded by the directors as being the company's ultimate parent company.