The financial statements have been prepared on the going concern basis which assumes the company will have sufficient cash to meet its obligations, as and when they become payable, for a period of at least 12 months from the date the financial statements were approved.
During the financial period the company incurred a pre tax loss of £456,655 following investment in the company’s technology and research and development.
The company's US parent Milly Works Inc have advanced loans of £ 380,256 during the year end 31st December 2023 which subsequently will converted to share capital.
The Directors believe that the company has adequate resources to continue in operational existence for the foreseeable future.
The financial statements do not include adjustments relating to the recoverability and classification of recorded asset amounts, nor to the amounts and classification of liabilities that might be necessary should the company not continue as going concern.