Findango (UK) Limited 12727772 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is 62012 - Business and domestic software development Digita Accounts Production Advanced 6.30.9574.0 true true 12727772 2022-08-01 2023-07-31 12727772 2023-07-31 12727772 core:RetainedEarningsAccumulatedLosses 2023-07-31 12727772 core:ShareCapital 2023-07-31 12727772 core:CurrentFinancialInstruments 2023-07-31 12727772 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12727772 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 12727772 bus:SmallEntities 2022-08-01 2023-07-31 12727772 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12727772 bus:FullAccounts 2022-08-01 2023-07-31 12727772 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12727772 bus:RegisteredOffice 2022-08-01 2023-07-31 12727772 bus:Director1 2022-08-01 2023-07-31 12727772 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12727772 core:ComputerSoftware 2022-08-01 2023-07-31 12727772 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-08-01 2023-07-31 12727772 countries:EnglandWales 2022-08-01 2023-07-31 12727772 2022-07-31 12727772 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-31 12727772 2021-08-01 2022-07-31 12727772 2022-07-31 12727772 core:RetainedEarningsAccumulatedLosses 2022-07-31 12727772 core:ShareCapital 2022-07-31 12727772 core:CurrentFinancialInstruments 2022-07-31 12727772 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12727772 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12727772

Findango (UK) Limited

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 July 2023

 

Findango (UK) Limited

Contents

Statement of Financial Position

1

Notes to the Unaudited Financial Statements

2 to 4

 

Findango (UK) Limited

(Registration number: 12727772)
Statement of Financial Position as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

4

33,251

63,947

Current assets

 

Cash at bank and in hand

 

229

12,868

Creditors: Amounts falling due within one year

6

(176,477)

(175,314)

Net current liabilities

 

(176,248)

(162,446)

Net liabilities

 

(142,997)

(98,499)

Capital and reserves

 

Called up share capital

790

790

Profit and loss account

(143,787)

(99,289)

Shareholders' deficit

 

(142,997)

(98,499)

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income Statement has been taken.

Approved and authorised by the director on 23 April 2024
 

.........................................
K Hadjisoteris
Director

 

Findango (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY. United Kingdom.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Developed software

Straight line over 3 years

Trade debtors

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

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

 

Findango (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

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, loans from banks and other third parties and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

Findango (UK) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

4

Intangible assets

Software development costs
 £

Total
£

Cost or valuation

At 1 August 2022

92,085

92,085

At 31 July 2023

92,085

92,085

Amortisation

At 1 August 2022

28,138

28,138

Amortisation charge

30,696

30,696

At 31 July 2023

58,834

58,834

Carrying amount

At 31 July 2023

33,251

33,251

At 31 July 2022

63,947

63,947

5

Debtors

2023
£

2022
£

-

-

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Trade creditors

173

162

Accruals and deferred income

1,560

2,220

Other creditors

174,744

172,932

176,477

175,314

7

Going concern

The financial statements have been prepared on a going concern basis due to the continuing support of the directors.