Company Registration No. 06601066 (England and Wales)
Crab Clinical Informatics Ltd
Unaudited accounts
for the year ended 30 June 2023
Crab Clinical Informatics Ltd
Unaudited accounts
Contents
Crab Clinical Informatics Ltd
Company Information
for the year ended 30 June 2023
Directors
S M Mackenney
C Bale
G Copeland
R Jones
M Ratnarajah
Company Number
06601066 (England and Wales)
Registered Office
2 Oakington Business Park
Dry Drayton Road Oakington
Cambridge
CB24 3DQ
Crab Clinical Informatics Ltd
Statement of financial position
as at 30 June 2023
Intangible assets
1,370,119
1,188,465
Tangible assets
27,708
27,450
Cash at bank and in hand
298,992
339,487
Creditors: amounts falling due within one year
(1,230,218)
(455,972)
Net current assets
1,267,969
431,737
Total assets less current liabilities
2,665,796
1,647,652
Creditors: amounts falling due after more than one year
(220,019)
(467,532)
Net assets
2,445,777
1,180,120
Called up share capital
50,000
50,000
Share premium
1,912,509
1,000,850
Profit and loss account
483,268
129,270
Shareholders' funds
2,445,777
1,180,120
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by
S M Mackenney
Director
Company Registration No. 06601066
Crab Clinical Informatics Ltd
Notes to the Accounts
for the year ended 30 June 2023
Crab Clinical Informatics Ltd is a private company, limited by shares, registered in England and Wales, registration number 06601066. The registered office is 2 Oakington Business Park , Dry Drayton Road Oakington, Cambridge, CB24 3DQ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% straight line
Computer equipment
25% written down value
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: Software development costs straight line over 10 years Research and development Development expenditure incurred on an individual project is carried forward when its future recoverability can reasonably be regarded as assured. Any expenditure carried forward is amortised in line with the expected future sales from the related project.
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Intangible fixed assets
Other
Charge for the year
233,554
Crab Clinical Informatics Ltd
Notes to the Accounts
for the year ended 30 June 2023
5
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 July 2022
43,255
24,549
67,804
At 30 June 2023
43,255
31,270
74,525
At 1 July 2022
25,260
15,094
40,354
Charge for the year
3,125
3,338
6,463
At 30 June 2023
28,385
18,432
46,817
At 30 June 2023
14,870
12,838
27,708
At 30 June 2022
17,995
9,455
27,450
Amounts falling due within one year
Trade debtors
147,437
547,300
Accrued income and prepayments
1,900,528
872
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Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
233,121
-
Trade creditors
236,301
185,191
Taxes and social security
(4,326)
(44,765)
Loans from directors
3,616
13,616
As at the year end, the following are owed by the company;
R Jones £135,000
M Roberts £150,000
Future Fund £180,000 represents a convertible loan provided under the Business Interruption Loan Scheme.
Crab Clinical Informatics Ltd
Notes to the Accounts
for the year ended 30 June 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
151,021
393,534
Other creditors
68,998
73,998
As at the year end, the following are owed by the company;
R P Mackenney £68,998
Allotted, called up and fully paid:
48,050 Ordinary shares of £1 each
48,050
48,050
1,950 Restricted shares of £1 each
1,950
1,950
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Average number of employees
During the year the average number of employees was 6 (2022: 4).