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REGISTERED NUMBER: 09805570 (England and Wales)















Financial Statements for the Year Ended 29 February 2024

for

Semantech Limited

Semantech Limited (Registered number: 09805570)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Semantech Limited

Company Information
for the Year Ended 29 February 2024







DIRECTOR: J M Puddy





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 09805570 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

Semantech Limited (Registered number: 09805570)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 7,875
Tangible assets 5 155 421
155 8,296

CURRENT ASSETS
Debtors 6 212,825 549,767
Cash at bank 89,804 10,651
302,629 560,418
CREDITORS
Amounts falling due within one year 7 195,512 235,559
NET CURRENT ASSETS 107,117 324,859
TOTAL ASSETS LESS CURRENT
LIABILITIES

107,272

333,155

CREDITORS
Amounts falling due after more than
one year

8

(31,641

)

(33,308

)

PROVISIONS FOR LIABILITIES (29 ) (80 )
NET ASSETS 75,602 299,767

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 75,601 299,766
75,602 299,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

Semantech Limited (Registered number: 09805570)

Balance Sheet - continued
29 February 2024


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 28 September 2024 and were signed by:





J M Puddy - Director


Semantech Limited (Registered number: 09805570)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Semantech 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of software development and management fees received or receivable , excluding discounts, rebates, value added tax and other sales taxes. Revenue is recognised when it is probable that future economic benefits will flow to the entity.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

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.


Semantech Limited (Registered number: 09805570)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 March 2023
and 29 February 2024 39,378
AMORTISATION
At 1 March 2023 31,503
Charge for year 7,875
At 29 February 2024 39,378
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 7,875

Semantech Limited (Registered number: 09805570)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 8,126
Additions 123
At 29 February 2024 8,249
DEPRECIATION
At 1 March 2023 7,705
Charge for year 389
At 29 February 2024 8,094
NET BOOK VALUE
At 29 February 2024 155
At 28 February 2023 421

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 55,572 62,572
Amounts owed by participating interests 2,068 2,708
Amounts owed by associates 155,000 484,265
Other debtors 185 222
212,825 549,767

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans and overdrafts 6,618 9,808
Trade creditors 43,438 58,778
Amounts owed to associates 52,020 58,684
Taxation and social security 9,623 3,019
Other creditors 83,813 105,270
195,512 235,559

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
29.2.24 28.2.23
£    £   
Bank loans 31,641 33,308

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included in creditors is £67,217 (2023: £95,724) due to the director which is interest free and repayable on demand.

Semantech Limited (Registered number: 09805570)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

10. RELATED PARTY DISCLOSURES

Included in debtors is £2,068 (2023: £2,708) due from the parent company and £155,000 (2023: £484,265) due from companies which share a director with Semantech Limited. Also included in creditors is £52,020 (2023: £58,684) due to a company which shares a director with Semantech Limited. All of which are interest free and repayable on demand.