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Company Registration No. 11047846 (England and Wales)
OPENWEATHER LTD. Interim Unaudited accounts for the period from 1 December 2022 to 31 March 2024
OPENWEATHER LTD. Interim Unaudited accounts Contents
Page
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OPENWEATHER LTD. Company Information for the period from 1 December 2022 to 31 March 2024
Directors
Denis UKOLOV Olga UKOLOVA
Company Number
11047846 (England and Wales)
Registered Office
30 St. Mary's Axe The City Of London London EC3A 8BF
Accountants
Sterling & Beanland Limited 4 Queens Road, The Old Town Hall London, Wimbledon SW19 8YB
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OPENWEATHER LTD. Statement of financial position as at 31 March 2024
2024 
2022 
Notes
£ 
£ 
Fixed assets
Intangible assets
177,703 
284,760 
Tangible assets
13,362 
- 
Investments
- 
65 
191,065 
284,825 
Current assets
Debtors
309,125 
86,702 
Cash at bank and in hand
1,059,415 
770,314 
1,368,540 
857,016 
Creditors: amounts falling due within one year
(765,136)
(451,578)
Net current assets
603,404 
405,438 
Total assets less current liabilities
794,469 
690,263 
Creditors: amounts falling due after more than one year
- 
(211,904)
Net assets
794,469 
478,359 
Capital and reserves
Called up share capital
165 
165 
Profit and loss account
794,304 
478,194 
Shareholders' funds
794,469 
478,359 
For the period ending 31 March 2024 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 29 July 2024 and were signed on its behalf by
Olga UKOLOVA Director Company Registration No. 11047846
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OPENWEATHER LTD. Notes to the Accounts for the period from 1 December 2022 to 31 March 2024
1
Statutory information
OPENWEATHER LTD. is a private company, limited by shares, registered in England and Wales, registration number 11047846. The registered office is 30 St. Mary's Axe, The City Of London, London, EC3A 8BF.
2
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are recognised at cost and amortised over their estimated useful economic life of 5 years. Included in intangible fixed assets are computer software and associated development costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 December 2022
535,295 
At 31 March 2024
535,295 
Amortisation
At 1 December 2022
250,535 
Charge for the period
107,057 
At 31 March 2024
357,592 
Net book value
At 31 March 2024
177,703 
At 30 November 2022
284,760 
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OPENWEATHER LTD. Notes to the Accounts for the period from 1 December 2022 to 31 March 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
- 
Additions
20,043 
At 31 March 2024
20,043 
Depreciation
Charge for the period
6,681 
At 31 March 2024
6,681 
Net book value
At 31 March 2024
13,362 
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 December 2022
65 
Disposals
(65)
Valuation at 31 March 2024
- 
7
Debtors
2024 
2022 
£ 
£ 
Amounts falling due within one year
VAT
11,724 
2,351 
Trade debtors
202,531 
68,799 
Accrued income and prepayments
39,158 
9,422 
Other debtors
5,712 
6,130 
259,125 
86,702 
Amounts falling due after more than one year
Other debtors
50,000 
- 
8
Creditors: amounts falling due within one year
2024 
2022 
£ 
£ 
Trade creditors
32,604 
18,893 
Taxes and social security
247,584 
62,903 
Other creditors
2,815 
10,348 
Loans from directors
4,403 
45,294 
Accruals
- 
1,482 
Deferred income
477,730 
312,658 
765,136 
451,578 
9
Creditors: amounts falling due after more than one year
2024 
2022 
£ 
£ 
Other creditors
- 
211,904 
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OPENWEATHER LTD. Notes to the Accounts for the period from 1 December 2022 to 31 March 2024
10
Average number of employees
During the period the average number of employees was 20 (2022: 13).
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