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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Directors' report |
4 |
Independent auditor's report to the members |
6 |
Statement of comprehensive income |
10 |
Statement of financial position |
11 |
Statement of cash flows |
12 |
Notes to the financial statements |
13 |
|
Strategic Report |
2024 | 2023 | ||
£ | £ | ||
Turnover | 185,479 | – | |
Loss before tax | 1,702,574 | 1,006,981 | |
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Director |
Director |
Registered office: |
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United Kingdom |
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Directors' Report |
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(Appointed
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(Resigned
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Director |
Director |
Registered office: |
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United Kingdom |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
Camburgh House |
27 New Dover Road |
Canterbury |
Kent |
CT1 3DN |
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Statement of Comprehensive Income |
Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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Note |
£ |
£ |
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Turnover |
4 |
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– |
Cost of sales |
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– |
--------- |
---- |
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Gross profit |
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– |
Administrative expenses |
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Other operating income |
5 |
– |
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------------ |
------------ |
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Operating loss |
6 |
(
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(
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
– |
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------------ |
------------ |
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Loss before taxation |
(
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(
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Tax on loss |
12 |
(
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– |
------------ |
------------ |
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Loss for the financial period and total comprehensive income |
(
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(
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------------ |
------------ |
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Statement of Financial Position |
7 Feb 24 |
31 Jan 23 |
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Note |
£ |
£ |
Intangible assets |
13 |
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Tangible assets |
14 |
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Investments |
15 |
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------------ |
--------- |
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Debtors |
16 |
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Cash at bank and in hand |
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------------ |
--------- |
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Creditors: amounts falling due within one year |
17 |
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------------ |
--------- |
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Net current assets |
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------------ |
------------ |
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Total assets less current liabilities |
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------------ |
------------ |
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Net assets |
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------------ |
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Called up share capital |
19 |
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Share premium account |
20 |
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Profit and loss account |
20 |
(
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(
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
Director |
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Statement of Cash Flows |
7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Loss for the financial period |
(
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(
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
– |
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Tax on loss |
(
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– |
Accrued expenses |
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Changes in: |
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Trade and other debtors |
(
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(
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Trade and other creditors |
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------------ |
------------ |
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Cash generated from operations |
(
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(
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Interest paid |
– |
(
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Interest received |
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Tax received |
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– |
------------ |
--------- |
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Net cash used in operating activities |
(
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(
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------------ |
--------- |
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Purchase of tangible assets |
(
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(
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Purchase of intangible assets |
(
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(
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Acquisition of subsidiaries |
– |
(
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------------ |
--------- |
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Net cash used in investing activities |
(
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(
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------------ |
--------- |
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Proceeds from issue of ordinary shares |
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Proceeds from loans from group undertakings |
– |
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------------ |
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Net cash from financing activities |
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------------ |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of period |
623,414 |
66,883 |
------------ |
--------- |
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Cash and cash equivalents at end of period |
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------------ |
--------- |
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Notes to the Financial Statements |
App Development |
- |
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Equipment |
- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Rendering of services |
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– |
--------- |
---- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Other operating income |
– |
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---- |
------- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Foreign exchange differences |
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--------- |
-------- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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------- |
------- |
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7 Feb 24 |
31 Jan 23 |
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No. |
No. |
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Administrative staff |
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Management staff |
3 |
3 |
---- |
---- |
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---- |
---- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
--------- |
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------------ |
--------- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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--------- |
--------- |
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--------- |
--------- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Aggregate remuneration |
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-------- |
-------- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Interest on cash and cash equivalents |
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-------- |
---- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Other interest payable and similar charges |
– |
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---- |
---- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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UK current tax income |
(
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– |
--------- |
---- |
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Tax on loss |
(
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– |
--------- |
---- |
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Period from |
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1 Feb 23 to |
Year to |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Loss on ordinary activities before taxation |
(
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(
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------------ |
------------ |
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Loss on ordinary activities by rate of tax |
(
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(
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Adjustment to tax charge in respect of prior periods |
(
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– |
Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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(
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Unused tax losses |
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Revenue items capitalised |
(
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(
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Research and development tax credit |
(104,385)
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– |
------------ |
------------ |
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Tax on loss |
(
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– |
------------ |
------------ |
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App Development |
|
£ |
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Cost |
|
At 1 February 2023 |
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Additions |
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------------ |
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At 7 February 2024 |
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Amortisation |
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At 1 February 2023 |
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Charge for the period |
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------------ |
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At 7 February 2024 |
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------------ |
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Carrying amount |
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At 7 February 2024 |
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------------ |
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At 31 January 2023 |
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Equipment |
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£ |
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Cost |
|
At 1 February 2023 |
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Additions |
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-------- |
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At 7 February 2024 |
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-------- |
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Depreciation |
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At 1 February 2023 |
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Charge for the period |
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-------- |
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At 7 February 2024 |
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-------- |
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Carrying amount |
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At 7 February 2024 |
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-------- |
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At 31 January 2023 |
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-------- |
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Shares in group undertakings |
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£ |
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Cost |
|
At 1 February 2023 and 7 February 2024 |
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---- |
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Impairment |
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At 1 February 2023 and 7 February 2024 |
– |
---- |
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Carrying amount |
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At 7 February 2024 |
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---- |
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At 31 January 2023 |
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---- |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
|||
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Berkeley Square House, Berkeley Square, London, W1J 6BD |
Ordinary |
100 |
7 Feb 24 |
31 Jan 23 |
|
£ |
£ |
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Trade debtors |
|
– |
Prepayments and accrued income |
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Corporation tax repayable |
|
– |
Other debtors |
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--------- |
-------- |
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--------- |
-------- |
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7 Feb 24 |
31 Jan 23 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Social security and other taxes |
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Director loan accounts |
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Other creditors |
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--------- |
--------- |
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--------- |
--------- |
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7 Feb 24 |
31 Jan 23 |
|||
No. |
£ |
No. |
£ |
|
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|
174 |
|
113 |
--------- |
---- |
--------- |
---- |
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At 1 Feb 2023 |
Cash flows |
At 7 Feb 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
1,171,759 |
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Debt due within one year |
(39,658) |
(3,320) |
(42,978) |
--------- |
------------ |
------------ |
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--------- |
------------ |
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Notes to the Financial Statements (continued) |