IRIS Accounts Production v24.2.0.383 11102102 director 1.1.23 31.12.23 31.12.23 false true false false false true false Ordinary 0.1p 0.0100 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh111021022022-12-31111021022023-12-31111021022023-01-012023-12-31111021022021-12-31111021022022-01-012022-12-31111021022022-12-3111102102ns15:EnglandWales2023-01-012023-12-3111102102ns14:PoundSterling2023-01-012023-12-3111102102ns10:Director12023-01-012023-12-3111102102ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3111102102ns10:SmallEntities2023-01-012023-12-3111102102ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3111102102ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3111102102ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3111102102ns10:FullAccounts2023-01-012023-12-311110210212023-01-012023-12-3111102102ns10:OrdinaryShareClass22023-01-012023-12-3111102102ns10:RegisteredOffice2023-01-012023-12-3111102102ns5:CurrentFinancialInstruments2023-12-3111102102ns5:CurrentFinancialInstruments2022-12-3111102102ns5:ShareCapital2023-12-3111102102ns5:ShareCapital2022-12-3111102102ns5:SharePremium2023-12-3111102102ns5:SharePremium2022-12-3111102102ns5:RetainedEarningsAccumulatedLosses2023-12-3111102102ns5:RetainedEarningsAccumulatedLosses2022-12-3111102102ns5:IntangibleAssetsOtherThanGoodwill2023-01-012023-12-3111102102ns5:IntangibleAssetsOtherThanGoodwill2022-12-3111102102ns5:IntangibleAssetsOtherThanGoodwill2023-12-3111102102ns5:IntangibleAssetsOtherThanGoodwill2022-12-3111102102ns5:PlantMachinery2022-12-3111102102ns5:PlantMachinery2023-01-012023-12-3111102102ns5:PlantMachinery2023-12-3111102102ns5:PlantMachinery2022-12-3111102102ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3111102102ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3111102102ns10:OrdinaryShareClass22023-12-3111102102ns5:RetainedEarningsAccumulatedLosses2022-12-3111102102ns5:SharePremium2022-12-3111102102ns5:RetainedEarningsAccumulatedLosses2023-01-012023-12-31
REGISTERED NUMBER: 11102102 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

POLICYMOGUL LIMITED

POLICYMOGUL LIMITED (REGISTERED NUMBER: 11102102)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


POLICYMOGUL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: E A Robinson





REGISTERED OFFICE: 5 Beaumont Gate
Shenley Hill
Radlett
Hertfordshire
WD7 7AR





REGISTERED NUMBER: 11102102 (England and Wales)





ACCOUNTANTS: Nagler Simmons
Chartered Accountants
5 Beaumont Gate
Shenley Hill
Radlett
WD7 7AR

POLICYMOGUL LIMITED (REGISTERED NUMBER: 11102102)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 128,779 137,642
Tangible assets 5 1,480 1,186
130,259 138,828

CURRENT ASSETS
Debtors 6 17,724 36,556
Cash at bank 191,363 41,778
209,087 78,334
CREDITORS
Amounts falling due within one year 7 22,219 23,295
NET CURRENT ASSETS 186,868 55,039
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,127

193,867

CAPITAL AND RESERVES
Called up share capital 8 118 118
Share premium 9 332,296 332,296
Retained earnings 9 (15,287 ) (138,547 )
SHAREHOLDERS' FUNDS 317,127 193,867

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

POLICYMOGUL LIMITED (REGISTERED NUMBER: 11102102)

BALANCE SHEET - continued
31 DECEMBER 2023


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 10 September 2024 and were signed by:





E A Robinson - Director


POLICYMOGUL LIMITED (REGISTERED NUMBER: 11102102)

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

1. STATUTORY INFORMATION

PolicyMogul 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Development expenditure

Development of products is capitalised where there is expected to be a benefit to future periods and the following conditions are met:

(i) It is technically feasible to complete the research or development so that the product will be available for use or sale.

(ii) It is intended to use or sell the product being developed.

(iii) The Company is able to use or sell the product.

(iv) It can be demonstrated that the product will generate probable future economic benefits.

(v) Adequate technical, financial and other resources exist so that product development can be completed and subsequently used or sold.

(vi) Expenditure attributable to the research and development work can be reliably measured.

Capitalised development expenditure is stated at cost less accumulated amortisation and impairment losses and amortised over its useful economic life. Assessments of useful economic life range from five to 5 years.

All other research and development expenditure is recognised as an expense in the period in which it is incurred.

POLICYMOGUL LIMITED (REGISTERED NUMBER: 11102102)

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

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

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.

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 5 (2022 - 3 ) .

POLICYMOGUL LIMITED (REGISTERED NUMBER: 11102102)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023 376,901
Additions 54,782
At 31 December 2023 431,683
AMORTISATION
At 1 January 2023 239,259
Charge for year 63,645
At 31 December 2023 302,904
NET BOOK VALUE
At 31 December 2023 128,779
At 31 December 2022 137,642

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 2,683
Additions 1,324
At 31 December 2023 4,007
DEPRECIATION
At 1 January 2023 1,497
Charge for year 1,030
At 31 December 2023 2,527
NET BOOK VALUE
At 31 December 2023 1,480
At 31 December 2022 1,186

POLICYMOGUL LIMITED (REGISTERED NUMBER: 11102102)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 155 1,368
Other debtors 17,569 35,188
17,724 36,556

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Taxation and social security 14,211 9,230
Other creditors 8,008 14,065
22,219 23,295

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
118,264 Ordinary 0.1p 0.1p 118 118

9. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 January 2023 (138,547 ) 332,296 193,749
Profit for the year 123,260 123,260
At 31 December 2023 (15,287 ) 332,296 317,009