Registered number
10639541
Aperio Software Ltd
Report and Accounts
31 December 2023
Aperio Software Ltd
Registered number: 10639541
Directors' Report
The directors present their report and accounts for the year ended 31 December 2023.
Principal activities
The company's principal activity during the year continued to be the development of scientific software.
Directors
The following persons served as directors during the year:
Dr Stuart Mumford
Dr Andrew Leonard
Dr Thomas Robitaille
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 6 September 2024 and signed on its behalf.
Andrew Leonard
Director
Aperio Software Ltd
Profit and Loss Account
for the year ended 31 December 2023
2023 2022
£ £
Turnover 373,120 294,866
Cost of sales (29,279) (47,014)
Gross profit 343,841 247,852
Administrative expenses (112,804) (120,049)
Profit before taxation 231,037 127,803
Tax on profit (54,012) (25,441)
Profit for the financial year 177,026 102,362
Aperio Software Ltd
Registered number: 10639541
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 28,953 14,413
28,953 14,413
Current assets
Debtors 4 122,610 28,627
Cash at bank and in hand 72,265 73,648
194,875 102,275
Creditors: amounts falling due within one year 5 (59,246) (26,792)
Net current assets 135,630 75,483
Total assets less current liabilities 164,582 89,896
Net assets 164,582 89,896
Capital and reserves
Called up share capital 300 300
Profit and loss account 164,282 89,596
Shareholders' funds 164,582 89,896
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Andrew Leonard
Director
Approved by the board on 6 September 2024
Aperio Software Ltd
Notes to the Accounts
for the year ended 31 December 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 rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 3 years
Motor Vehicles over 5 years
Office Equipment over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 3
3 Tangible fixed assets
Plant and machinery etc Motor Vehicles Office Equipment Total
£ £ £
Cost
At 1 January 2023 - 28,826 - 28,826
Additions 3,112 17,124 699 20,935
At 31 December 2023 3,112 45,950 699 49,761
Depreciation
At 1 January 2023 - 14,413 - 14,413
Charge for the year 268 6,050 78 6,396
At 31 December 2023 268 20,463 78 20,809
Net book value
At 31 December 2023 2,844 25,487 622 28,953
At 31 December 2022 - 14,413 - 14,413
4 Debtors 2023 2022
£ £
Trade debtors 71,762 27,108
Other debtors 50,848 1,519
122,610 28,627
Amounts due after more than one year included above - -
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 1,331 -
Taxation and social security costs 58,393 25,792
Other creditors (478) 1,000
59,246 26,792
6 Related party transactions
During the year the company advanced £50,000 (2022: £Nil) to a director. At the year end the director owed £50,000 (2022: £Nil) to the company
7 Controlling party
During the year and the previous year the company has been under the control of the directors.
8 Other information
Aperio Software Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Insight House
Riverside Business Park
Stoney Common Road
Stansted
Essex
CM24 8PL
Aperio Software Ltd
Detailed profit and loss account
for the year ended 31 December 2023
This schedule does not form part of the statutory accounts
2023 2022
£ £
Sales 373,120 294,866
Cost of sales (29,279) (47,014)
Gross profit 343,841 247,852
Administrative expenses (112,804) (120,049)
Profit before tax 231,037 127,803
Aperio Software Ltd
Detailed profit and loss account
for the year ended 31 December 2023
This schedule does not form part of the statutory accounts
2023 2022
£ £
Sales
Sales 373,120 294,866
373,120 294,866
Cost of sales
Consultancy 25,701 44,452
Direct labour 3,578 2,562
29,279 47,014
Administrative expenses
Employee costs:
Wages and salaries 51,460 32,898
Pensions 30,190 65,079
Employer's NI 3,186 46
85,941 98,023
General administrative expenses:
Other Motor Expenses 1,280 1,377
Subscriptions 148 274
Bank charges 36 361
Currency Variance 7,045 1,901
Insurance 3,180 3,087
Computer Running Costs 2,179 499
Depreciation 6,396 6,098
Sundry expenses - 749
20,263 14,346
Legal and professional costs:
Accountancy fees 6,600 6,000
Other legal and professional - 1,680
6,600 7,680
112,804 120,049
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