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Registered number: 08554167
Graph Aware Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
2E Accountants Ltd
ACMA
Unit 11, Flamingo Court
81 Crampton street
London
SE17 3BF
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 08554167
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 1,130,386 875,472
Tangible Assets 5 20,174 43,572
Investments 6 48,134 48,134
1,198,694 967,178
CURRENT ASSETS
Debtors 1,028,048 1,241,540
Cash at bank and in hand 936,153 224,270
1,964,201 1,465,810
Creditors: Amounts Falling Due Within One Year (3,238,574 ) (2,292,605 )
NET CURRENT ASSETS (LIABILITIES) (1,274,373 ) (826,795 )
TOTAL ASSETS LESS CURRENT LIABILITIES (75,679 ) 140,383
Creditors: Amounts Falling Due After More Than One Year - (100,000 )
NET (LIABILITIES)/ASSETS (75,679 ) 40,383
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (75,779 ) 40,283
SHAREHOLDERS' FUNDS (75,679) 40,383
Page 1
Page 2
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Ms Daniela Merglova
Director
25 September 2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Graph Aware Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08554167 . The registered office is 86-90 Paul Street, London, EC2A 4NE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are intellectual property rights to Hume, mission-critical graph analytics (software). Hume is amortised over its economic life of 5 years
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are amortised to the profit and loss account over its estimated economic life of 5 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 50% Straight line
2.6. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2022: 2)
2 2
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Page 4
4. Intangible Assets
Total
£
Cost
As at 1 January 2023 1,330,762
Additions 474,426
As at 31 December 2023 1,805,188
Amortisation
As at 1 January 2023 455,290
Provided during the period 219,512
As at 31 December 2023 674,802
Net Book Value
As at 31 December 2023 1,130,386
As at 1 January 2023 875,472
5. Tangible Assets
Total
£
Cost
As at 1 January 2023 86,906
Additions 14,454
As at 31 December 2023 101,360
Depreciation
As at 1 January 2023 43,334
Provided during the period 37,852
As at 31 December 2023 81,186
Net Book Value
As at 31 December 2023 20,174
As at 1 January 2023 43,572
6. Investments
Total
£
Cost
As at 1 January 2023 48,134
As at 31 December 2023 48,134
Provision
As at 1 January 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 48,134
As at 1 January 2023 48,134
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Page 5
7. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 100 100
Page 5