Company Registration Number 05726918 (England and Wales)
NUMERUS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
NUMERUS LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 6
NUMERUS LTD
BALANCE SHEET
AS AT 31 DECEMBER 2022
31 December 2022
- 1 -
2022
2021
Notes
£
£
£
£
Fixed assets
Intangible assets
4
124,240
113,043
Tangible assets
5
6,199
5,510
Investments
6
605,198
605,481
735,637
724,034
Current assets
Debtors
8
639,035
538,393
Cash at bank and in hand
202,711
47,240
841,746
585,633
Creditors: amounts falling due within one year
9
(40,996)
(80,870)
Net current assets
800,750
504,763
Net assets
1,536,387
1,228,797
Capital and reserves
Called up share capital
1,111
1,111
Profit and loss reserves
1,535,276
1,227,686
Total equity
1,536,387
1,228,797
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
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.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 December 2023 and are signed on its behalf by:
Mr M Scott
Director
Company Registration No. 05726918
NUMERUS LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022
- 2 -
1
Accounting policies
Company information
Numerus Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 1 Billing Road, Northampton, NN1 5AL.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
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.
1.3
Intangible fixed assets other than goodwill
Intangible assets consist primarily of development costs of new software development. The costs are amortised on a straight line basis from the point at which the asset is brought into use over its estimated life of 10 years.
The gain or loss arising on the disposal of an asset is determined as the difference between the sales proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Tangible fixed assets
Depreciation is recognised so as to write off the cost of tangible fixed assets less their residual values over their useful lives on the following bases:
Leasehold improvements
25% reducing balance
Plant and equipment
25% straight line
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.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.6
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
NUMERUS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
1
Accounting policies
(Continued)
- 3 -
1.7
Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
1.8
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred taxation is provided in full on the liability method in respect of the tax effect on all timing differences.
1.9
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.
1.10
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
1.11
Leases
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
1.12
Foreign exchange
Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
NUMERUS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 4 -
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2022
2021
Number
Number
Total
7
8
4
Intangible fixed assets
Development costs
£
Cost
At 1 January 2022
113,043
Additions
11,197
At 31 December 2022
124,240
Amortisation and impairment
At 1 January 2022 and 31 December 2022
Carrying amount
At 31 December 2022
124,240
At 31 December 2021
113,043
No amortisation is provided as the development costs were not brought into use until after the year ended 31 December 2021.
NUMERUS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
- 5 -
5
Tangible fixed assets
Leashold improvem'nt
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2022
5,125
6,160
11,285
Additions
3,621
3,621
Disposals
(368)
(368)
At 31 December 2022
5,125
9,413
14,538
Depreciation and impairment
At 1 January 2022
2,543
3,232
5,775
Depreciation charged in the year
646
2,286
2,932
Eliminated in respect of disposals
(368)
(368)
At 31 December 2022
3,189
5,150
8,339
Carrying amount
At 31 December 2022
1,936
4,263
6,199
At 31 December 2021
2,582
2,928
5,510
6
Fixed asset investments
2022
2021
£
£
Shares in group undertakings and participating interests
605,198
605,481
7
Subsidiaries
Details of the company's subsidiaries at 31 December 2022 are as follows:
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Numerus GmbH
Germany
Statistical consultancy
Ordinary
100.00
Numerus Analytics
Switzerland
Statistical consultancy
Ordinary
100.00
8
Debtors
2022
2021
Amounts falling due within one year:
£
£
Trade debtors
250,091
114,304
Corporation tax recoverable
75,296
95,431
Other debtors
307,640
328,658
633,027
538,393
NUMERUS LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2022
8
Debtors
(Continued)
- 6 -
2022
2021
Amounts falling due after more than one year:
£
£
Deferred tax asset
6,008
Total debtors
639,035
538,393
9
Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
9,865
35,065
Corporation tax
29,084
Other taxation and social security
11,745
Other creditors
19,386
16,721
40,996
80,870
10
Related party transactions
Transactions with related parties
The Company has taken advantage of the exemption offered by Section 33.1A of FRS 102 from the requirement to disclose transactions with other wholly owned group entities.