Registered number
10490979
RATIO APPS LIMITED
Filleted Accounts
30 November 2023
RATIO APPS LIMITED
Registered number: 10490979
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 4,800 9,600
Current assets
Cash at bank and in hand 2,484 350
Creditors: amounts falling due within one year 4 (15,522) (1,035)
Net current liabilities (13,038) (685)
Total assets less current liabilities (8,238) 8,915
Creditors: amounts falling due after more than one year 5 (19,703) (32,496)
Net liabilities (27,941) (23,581)
Capital and reserves
Called up share capital 100 100
Profit and loss account (28,041) (23,681)
Shareholder's funds (27,941) (23,581)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Oumaduth Sauba
Director
Approved by the board on 29 August 2024
RATIO APPS LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 24,000
At 30 November 2023 24,000
Amortisation
At 1 December 2022 14,400
Provided during the year 4,800
At 30 November 2023 19,200
Net book value
At 30 November 2023 4,800
At 30 November 2022 9,600
Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Director current account 12,244 981
Other creditors 3,278 54
15,522 1,035
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 19,703 32,496
6 Other information
RATIO APPS LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
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