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REGISTERED NUMBER: 05895080 (England and Wales)















AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AUDITDATA LIMITED

AUDITDATA LIMITED (REGISTERED NUMBER: 05895080)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUDITDATA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: K Groth Bager





SECRETARY: M Connie Pinborg





REGISTERED OFFICE: Centurion House
London Road
Staines-Upon-Thames
Middlesex
TW18 4AX





REGISTERED NUMBER: 05895080 (England and Wales)





AUDITORS: Astral Accountancy Services Limited
Astral House
Granville Way
Bicester
Oxfordshire
OX26 4JT

AUDITDATA LIMITED (REGISTERED NUMBER: 05895080)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 5 476,790 596,277
Tangible assets 6 - -
476,790 596,277

CURRENT ASSETS
Stocks - 45,342
Debtors 7 1,982,147 1,773,248
Cash at bank 216,194 236,762
2,198,341 2,055,352
CREDITORS
Amounts falling due within one year 8 2,088,506 2,001,764
NET CURRENT ASSETS 109,835 53,588
TOTAL ASSETS LESS CURRENT
LIABILITIES

586,625

649,865

CAPITAL AND RESERVES
Called up share capital 9 25,000 25,000
Retained earnings 561,625 624,865
SHAREHOLDERS' FUNDS 586,625 649,865

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 director and authorised for issue on 14 June 2024 and were signed by:





K Groth Bager - Director


AUDITDATA LIMITED (REGISTERED NUMBER: 05895080)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Auditdata Limited 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.

Significant judgements and estimates
The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements, are disclosed in the accounting policies below.

Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

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

Revenue for provision of services is recognised when it is probable that an economic benefit will flow to the entity and the revenue and costs can be reliably measured. For continuing services, revenue is recognised when the stage of completion can be reliably measured using a percentage of completion method.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Development costs
Development costs include the time and overheads spent by certain members of staff developing new products.These were amortised over the estimated useful life of three years, however from the year 2020, these will be amortised over the estimated useful life of five years in line with group policy.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - at varying rates on cost
Computer Software - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

AUDITDATA LIMITED (REGISTERED NUMBER: 05895080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

2. ACCOUNTING POLICIES - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Development costs
Expenditure on development is charged to the profit and loss account in the year in which it is incurred with the exception of:

- amounts recoverable from third parties; and

- expenditure incurred in respect of the development of major new products where the outcome of those projects is assessed as being reasonably certain as regards viability and technical feasibility. Such expenditure is capitalised and amortised against the revenue streams derived from the products produced over the next 3 years.

Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 11 (2022 - 12 ) .

4. AUDITORS' REMUNERATION
2023 2022
£    £   
Fees payable to the company's auditors for the audit of the company's financial
statements

6,000

6,000
Auditors' Remuneration for non audit work 3,912 3,966

AUDITDATA LIMITED (REGISTERED NUMBER: 05895080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 645,329 609,535 1,254,864
AMORTISATION
At 1 January 2023 193,599 464,988 658,587
Charge for year 64,533 54,954 119,487
At 31 December 2023 258,132 519,942 778,074
NET BOOK VALUE
At 31 December 2023 387,197 89,593 476,790
At 31 December 2022 451,730 144,547 596,277

6. TANGIBLE FIXED ASSETS
Office Computer
Equipment Software Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 11,011 9,232 20,243
DEPRECIATION
At 1 January 2023
and 31 December 2023 11,011 9,232 20,243
NET BOOK VALUE
At 31 December 2023 - - -
At 31 December 2022 - - -

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 677,502 1,229,104
Amounts owed by group undertakings 1,021,203 140,690
Other debtors 283,442 403,454
1,982,147 1,773,248

AUDITDATA LIMITED (REGISTERED NUMBER: 05895080)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 180,910 23,032
Taxation 42,618 26,149
Social security and other taxes 84,986 -
VAT 155,950 246,680
Other Creditors - 130
Accruals & Deferred Income 1,624,042 1,705,773
2,088,506 2,001,764

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
25,000 Ordinary £1 25,000 25,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Tracy Norris (Senior Statutory Auditor)
for and on behalf of Astral Accountancy Services Limited

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The ultimate parent company is Auditdata A/S, a company incorporated in Denmark.

The group accounts are made available on public record in Denmark.