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 | ||||||||
Intangible assets | 3 | |||||||
Tangible assets | 5 | |||||||
Current assets | ||||||||
Stocks | 6 | |||||||
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 | ||||||||
Creditors amounts falling due after one year | 9 | ( | ( | |||||
Provisions for liabilities | 10 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Board of Directors on 12 September 2024, and are signed on its behalf by: |
Director Registered Company No. 12013674 |
1. | Accounting policies |
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Statutory information | |
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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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Turnover policy | |
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Employee benefits | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Intangible assets | |
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Research and development | |
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Development costs | |
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Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. Capitalised development costs are stated at cost less accumulated amortisation and accumulated impairment losses (cost model). Amortisation is recognised using the straight-line basis over a period of 10 years and results in the carrying amount being expensed in the income statement over the estimated useful life. |
Tangible fixed assets and depreciation | |
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Stocks and work in progress | |
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Financial instruments | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Intangible assets |
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Other | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 January 23 | ||||
Additions | ||||
At 31 December 23 | ||||
Amortisation and impairment | ||||
At 01 January 23 | ||||
Charge for year | ||||
At 31 December 23 | ||||
Net book value | ||||
At 31 December 23 | ||||
At 31 December 22 |
4. | Useful life of intangible assets |
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Intangible assets are not permitted to have an indefinite life and must be amortised over their estimated useful life. Amortisation is provided on all intangible assets as follows: Intellectual Property - 5% straight line Research & Development - 10% straight line Software - Not yet in use therefore not amortised |
5. | Tangible fixed assets |
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Fixtures & fittings | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 January 23 | ||||
Additions | ||||
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. | Stocks |
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2023 | 2022 | |||
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£ | £ | |||
Finished goods | ||||
Total |
7. | Debtors: amounts due within one year |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
8. | Creditors: amounts due within one year |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
Trade creditors / trade payables | ||||
Bank borrowings and overdrafts | ||||
Amounts owed to related parties | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
9. | Creditors: amounts due after one year |
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2023 | 2022 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Amounts owed to related parties | ||||
Other creditors | ||||
Total |
10. | Provisions for liabilities |
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2023 | 2022 | |||
---|---|---|---|---|
£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
11. | Pension commitments |
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12. | Related party transactions |
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