Aardvark Software Ltd 12003222 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is to provide sales support services. Digita Accounts Production Advanced 6.30.9574.0 true 12003222 2023-01-01 2023-12-31 12003222 2023-12-31 12003222 core:CurrentFinancialInstruments 2023-12-31 12003222 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 12003222 bus:SmallEntities 2023-01-01 2023-12-31 12003222 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 12003222 bus:FullAccounts 2023-01-01 2023-12-31 12003222 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 12003222 bus:RegisteredOffice 2023-01-01 2023-12-31 12003222 bus:Director1 2023-01-01 2023-12-31 12003222 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12003222 countries:EnglandWales 2023-01-01 2023-12-31 12003222 2022-01-01 2022-12-31 12003222 2022-12-31 12003222 core:CurrentFinancialInstruments 2022-12-31 12003222 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 12003222

Aardvark Software Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Aardvark Software Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Aardvark Software Ltd

Company Information

Director

Mr Simas Denisovas

Registered office

65 London Wall
London
EC2M 5TU

Accountants

1Office Group Ltd
65 London Wall
London
EC2M 5TU

 

Aardvark Software Ltd

(Registration number: 12003222)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

67,750

56,238

Cash at bank and in hand

 

328,333

227,271

 

396,083

283,509

Creditors: Amounts falling due within one year

5

(90,007)

(94,914)

Net assets

 

306,076

188,595

Capital and reserves

 

Called up share capital

100

100

Retained earnings

305,976

188,495

Shareholders' funds

 

306,076

188,595

For the financial year ending 31 December 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 special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

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 Profit and Loss Account has been taken.

Approved and authorised by the director on 6 August 2024
 

.........................................
Mr Simas Denisovas
Director

 

Aardvark Software Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 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:
65 London Wall
London
EC2M 5TU

These financial statements were authorised for issue by the director on 6 August 2024.

2

Accounting policies

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 presentational currency of the financial statements is pound sterling (£).


Covid-19
Covid-19 is not expected to have a significant impact on the entity. Management has determined that there is no material uncertainty that casts doubt on the entity’s ability to continue as a going concern. It expects that Covid-19 might have some impact, though not significant, for example, in relation to expected future performance, or the effects on some future asset valuations.
 

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Aardvark Software Ltd

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

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Aardvark Software Ltd

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

3

Staff numbers

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

4

Debtors

Current

2023
£

2022
£

Trade debtors

67,910

48,627

Prepayments

(160)

83

Other debtors

-

7,528

 

67,750

56,238

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

54,186

94,239

Taxation and social security

35,071

-

Accruals and deferred income

750

675

90,007

94,914

6

Related party transactions

The Group has taken advantage of the exemption under section 33 of FRS 102 not to disclose transactions with wholly-owned group members.

7

Ultimate parent undertaking and controlling party

The company’s immediate parent company is Aardvark Technologies UAB, a company incorporated in Lithuania.

The ultimate controlling party is Mr Simas Denisovas by virtue of their controlling interest in the group.