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Registration number: 13500441

Mezze Software Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

Pages for filing with Registrar

 

Mezze Software Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Mezze Software Ltd

Company Information

Directors

S A J Bos

G C Evans

Registered office

12 Colston Yard
Bristol
BS1 5BD

Registered number

13500441

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

Mezze Software Ltd

(Registration number: 13500441)
Balance Sheet as at 31 August 2023

Note

2023
£

As restated
2022
£

Fixed assets

 

Tangible assets

5

2,874

3,109

Current assets

 

Debtors

6

107,364

53,856

Cash at bank and in hand

 

97,064

39,461

 

204,428

93,317

Creditors: Amounts falling due within one year

7

(104,219)

(81,460)

Net current assets

 

100,209

11,857

Net assets

 

103,083

14,966

Capital and reserves

 

Called up share capital

8

1

1

Profit and loss account

103,082

14,965

Total equity

 

103,083

14,966

 

Mezze Software Ltd

(Registration number: 13500441)
Balance Sheet as at 31 August 2023

For the financial year ending 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 for issue by the Board on 19 August 2024 and signed on its behalf by:
 

.........................................

S A J Bos
Director

 

Mezze Software Ltd

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

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
12 Colston Yard
Bristol
BS1 5BD
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Disclosure of long or short period

The prior year financial statements were prepared for the extended period from incorporation to the first accounting reference date, being 31 August 2022, so are not directly comparable.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

 

Mezze Software Ltd

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

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.

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Office equipment

33% on cost

Research and development costs

Research and development costs are written off to profit or loss in the year incurred.

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

 

Mezze Software Ltd

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

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

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.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 1).

 

Mezze Software Ltd

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

4

Prior year adjustment

The company's results for the year ended 31 August 2022 have been restated from the results previously reported. The adjustment is to correct bookkeeping errors which led to the incorrect allocation of income and expenditure in the period.

The overall impact on the financial statements for the year ended 31 August 2022 is as follows:
• Increase in creditors by £22,550
• Decrease debtors by £91,168
• Decrease in reserves by £113,718
 

5

Tangible fixed assets

Office equipment
 £

Cost

At 1 September 2022

3,498

Additions

958

At 31 August 2023

4,456

Depreciation

At 1 September 2022

389

Charge for the year

1,193

At 31 August 2023

1,582

Carrying amount

At 31 August 2023

2,874

At 31 August 2022

3,109

 

Mezze Software Ltd

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

6

Debtors: amounts falling due within one year

2023
£

As restated
2022
£

Trade debtors

102,220

51,744

Prepayments

5,144

2,012

Other debtors

-

100

107,364

53,856

7

Creditors

Note

2023
£

As restated
2022
£

Amounts falling due within one year

 

Trade creditors

 

13,318

-

Inter-company

9

-

49,224

Taxation and social security

 

54,435

17,325

Other creditors

 

1,305

817

Accruals

 

11,125

11,200

Corporation tax

 

23,911

2,769

Directors' loan accounts

 

125

125

 

104,219

81,460

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £0.001 each

1,177

1.18

1,000

1.00

         

During the year 177 Ordinary shares with an aggregate nominal value of £0.18 were allotted for an aggregate consideration £0.18.

 

Mezze Software Ltd

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

9

Related party transactions

Income and receivables from related parties

2023

Entities with joint control or significant influence
£

Amounts payable to related party

-

2022(As restated)

Entities with joint control or significant influence
£

Amounts payable to related party

49,224