Registered number
03037178
Dialectyx Solutions Limited
Filleted Accounts
30 April 2023
Dialectyx Solutions Limited
Registered number: 03037178
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 53,278 61,440
Current assets
Work in progress - 123,525
Debtors 4 2,880 4,326
Cash at bank and in hand 32,090 8,199
34,970 136,050
Creditors: amounts falling due within one year 5 (3,157) (44,156)
Net current assets 31,813 91,894
Net assets 85,091 153,334
Capital and reserves
Called up share capital 118 112
Share premium 3,584 -
Capital redemption reserve 193,564 193,564
Profit and loss account (112,175) (40,342)
Shareholders' funds 85,091 153,334
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
E A Backhouse
Director
Approved by the board on 13 February 2024
Dialectyx Solutions Limited
Notes to the Accounts
for the year ended 30 April 2023
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.
Work in progress
Work in progress is valued at the cost of time engaged on ongoing projects including attributable overheads.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 4
3 Intangible fixed assets £
Software development cost:
Cost
At 1 May 2022 458,540
At 30 April 2023 458,540
Amortisation
At 1 May 2022 397,100
Provided during the year 8,162
At 30 April 2023 405,262
Net book value
At 30 April 2023 53,278
At 30 April 2022 61,440
Software development costs are being written off over the duration of the current term of the principal licence used for the main software product.
4 Debtors 2023 2022
£ £
Trade debtors 2,880 4,326
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors - 4,950
Taxation and social security costs 407 8,594
Shareholders Loans - 25,000
Other creditors 2,750 5,612
3,157 44,156
6 Capital & Reserves
On 28 December 2022 619 shares were issued at a premium of £5.79 per share under the terms of the approved share option scheme dated 29 August 2019.
7 Other information
Dialectyx Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Dodsley Grange
Dodsleigh
Leigh
Stoke on Trent
ST10 4QA
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