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REGISTERED NUMBER: 13147495 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

SITE ASSIST SOFTWARE LTD

SITE ASSIST SOFTWARE LTD (REGISTERED NUMBER: 13147495)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

SITE ASSIST SOFTWARE LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: L Quinn
D O Wirdenius
A Petric





REGISTERED OFFICE: Harben House Harben Parade
Finchley Road
London
NW3 6LH





REGISTERED NUMBER: 13147495 (England and Wales)





ACCOUNTANTS: KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH

SITE ASSIST SOFTWARE LTD (REGISTERED NUMBER: 13147495)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,231,013 795,535
Tangible assets 5 31,832 26,692
1,262,845 822,227

CURRENT ASSETS
Debtors 6 223,497 349,921
Cash at bank 10,806 185,666
234,303 535,587
CREDITORS
Amounts falling due within one year 7 657,403 458,540
NET CURRENT (LIABILITIES)/ASSETS (423,100 ) 77,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

839,745

899,274

CAPITAL AND RESERVES
Called up share capital 117 117
Share premium 1,150,170 1,149,870
Retained earnings (310,542 ) (250,713 )
SHAREHOLDERS' FUNDS 839,745 899,274

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





L Quinn - Director


SITE ASSIST SOFTWARE LTD (REGISTERED NUMBER: 13147495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Site Assist Software Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Going concern
Notwithstanding the company's net current liabilities at the period end, the director intends to continue to provide financial support to the company to enable it to pay its debts as they fall due for the foreseeable future. For this reason the accounts are prepared on the going concern basis.


Financial instruments
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an
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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Government grants
Government grants are recognised on an accruals basis.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 12 ) .

SITE ASSIST SOFTWARE LTD (REGISTERED NUMBER: 13147495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


4. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2023 894,417
Additions 558,572
At 31 January 2024 1,452,989
AMORTISATION
At 1 February 2023 98,882
Amortisation for year 123,094
At 31 January 2024 221,976
NET BOOK VALUE
At 31 January 2024 1,231,013
At 31 January 2023 795,535

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 - - 33,113 33,113
Additions 5,000 3,893 6,285 15,178
At 31 January 2024 5,000 3,893 39,398 48,291
DEPRECIATION
At 1 February 2023 - - 6,421 6,421
Charge for year 500 381 9,157 10,038
At 31 January 2024 500 381 15,578 16,459
NET BOOK VALUE
At 31 January 2024 4,500 3,512 23,820 31,832
At 31 January 2023 - - 26,692 26,692

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 216,173 334,135
Other debtors 7,324 15,786
223,497 349,921

SITE ASSIST SOFTWARE LTD (REGISTERED NUMBER: 13147495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 136,821 -
Trade creditors 49,141 35,283
Taxation and social security 96,382 128,764
Other creditors 375,059 294,493
657,403 458,540

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
SITE ASSIST SOFTWARE LTD


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Site Assist Software Ltd for the year ended 31 January 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Site Assist Software Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Site Assist Software Ltd and state those matters that we have agreed to state to the Board of Directors of Site Assist Software Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Site Assist Software Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Site Assist Software Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Site Assist Software Ltd. You consider that Site Assist Software Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Site Assist Software Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






KBSP Partners LLP
Chartered Accountants
Harben House
Harben Parade
Finchley Road
LONDON
NW3 6LH


15 August 2024