Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 December 2023
Directors | |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 5 | |||||||
Investments | 6 | |||||||
Current assets | ||||||||
Debtors | 7 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 8 | ( | ( | |||||
Net current assets (liabilities) | ( | |||||||
Total assets less current liabilities | ( | |||||||
Net assets | ( | |||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Share premium | ||||||||
Other reserves | ||||||||
Profit and loss account | ( | ( | ||||||
Shareholders' funds | ( |
The financial statements were approved and authorised for issue by the Board of Directors on 12 August 2024, and are signed on its behalf by: |
Director Registered Company No. 12133721 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Going concern | |
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Judgements and key sources of estimation uncertainty | |
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In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. Share-based payments as set out in the notes to the financial statements have been made to employees of the company. The fair value of any vested share options is recognised in the income statement. The fair value of share options is estimated with the use of a Black-scholes model. The fair value of the ordinary shares in issue at the date of granting the options is used as an input into the model. There have been no other significant judgements or estimates applied to the numbers contained within these financial statements |
Turnover policy | |
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Revenue from rendering of services | |
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Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
Employee benefits | |
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Share-based payments | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Straight line (years) | ||
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Office Equipment |
Investments | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Financial instruments | |
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2. | Staff Costs |
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3. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
4. | Prior period adjustment |
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The comparative figures presented in these financial statements have been restated to account for an amendment to the way in which the fair value of share options was determined. The fair value of the share options have been determined with the use of Black-scholes model and the new fair values have been applied retrospectively, leading to a restatement of the comparitive figures. The effects of the restatement are that the Share Option Reserve reported at 31 December 2022 has decreased by £83,230 and the accumulated profit and loss reserve has increased by £83,230. |
5. | Tangible fixed assets |
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Office Equipment | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 January 23 | ||||
At 31 December 23 | ||||
Depreciation and impairment | ||||
At 01 January 23 | ||||
Charge for year | ||||
At 31 December 23 | ||||
Net book value | ||||
At 31 December 23 | ||||
At 31 December 22 |
6. | Fixed asset investments |
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Investments in groups1 | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 January 23 | ||||
At 31 December 23 | ||||
Net book value | ||||
At 31 December 23 | ||||
At 31 December 22 |
Notes | |
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1Investments in group undertakings and participating interests |
7. | Debtors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Amounts owed by group undertakings | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
8. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
9. | Parent-subsidiary relationships |
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