Acorah Software Products - Accounts Production 15.0.600 false true 31 January 2023 1 February 2022 false 1 February 2023 31 January 2024 31 January 2024 13147031 Atelier 1 Limited Mr Gregory Quinn Mr Fabian Schneider iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13147031 2023-01-31 13147031 2024-01-31 13147031 2023-02-01 2024-01-31 13147031 frs-core:CurrentFinancialInstruments 2024-01-31 13147031 frs-core:ComputerEquipment 2024-01-31 13147031 frs-core:ComputerEquipment 2023-02-01 2024-01-31 13147031 frs-core:ComputerEquipment 2023-01-31 13147031 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-02-01 2024-01-31 13147031 frs-core:FurnitureFittings 2024-01-31 13147031 frs-core:FurnitureFittings 2023-02-01 2024-01-31 13147031 frs-core:FurnitureFittings 2023-01-31 13147031 frs-core:OtherResidualIntangibleAssets 2024-01-31 13147031 frs-core:OtherResidualIntangibleAssets 2023-02-01 2024-01-31 13147031 frs-core:OtherResidualIntangibleAssets 2023-01-31 13147031 frs-core:SharePremium 2024-01-31 13147031 frs-core:ShareCapital 2024-01-31 13147031 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 13147031 frs-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 13147031 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 13147031 frs-bus:SmallEntities 2023-02-01 2024-01-31 13147031 frs-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 13147031 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 13147031 frs-bus:Director1 2023-02-01 2024-01-31 13147031 frs-bus:Director2 2023-02-01 2024-01-31 13147031 frs-bus:Director3 2023-02-01 2024-01-31 13147031 frs-countries:EnglandWales 2023-02-01 2024-01-31 13147031 2022-01-31 13147031 2023-01-31 13147031 2022-02-01 2023-01-31 13147031 frs-core:CurrentFinancialInstruments 2023-01-31 13147031 frs-core:SharePremium 2023-01-31 13147031 frs-core:ShareCapital 2023-01-31 13147031 frs-core:RetainedEarningsAccumulatedLosses 2023-01-31
Registered number: 13147031
Augmented Haptics Ltd
Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13147031
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 34,639 36,736
Tangible Assets 5 915 1,349
35,554 38,085
CURRENT ASSETS
Debtors 6 - 11,653
Cash at bank and in hand - 645
- 12,298
Creditors: Amounts Falling Due Within One Year 7 (2,628 ) (1,564 )
NET CURRENT ASSETS (LIABILITIES) (2,628 ) 10,734
TOTAL ASSETS LESS CURRENT LIABILITIES 32,926 48,819
NET ASSETS 32,926 48,819
CAPITAL AND RESERVES
Called up share capital 8 10 10
Share premium account 86,798 86,798
Profit and Loss Account (53,882 ) (37,989 )
SHAREHOLDERS' FUNDS 32,926 48,819
Page 1
Page 2
For the year ending 31 January 2024 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.
On behalf of the board
Mr Gregory Quinn
Director
29 October 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Augmented Haptics Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 13147031 . The registered office is 36 Moat Lane, Chester, Cheshire, CH4 7FZ.
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. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible assets are Trademarks and Patents. They are amortised to profit and loss account over its estimated economic life of 10 and 5 years respectively.
2.3. 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:
Fixtures & Fittings 20% reducing balance
Computer Equipment 33% reducing balance
2.4. 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: 3 (2023: 3)
3 3
4. Intangible Assets
Other
£
Cost
As at 1 February 2023 40,564
Additions -
As at 31 January 2024 40,564
Amortisation
As at 1 February 2023 3,828
Provided during the period 2,097
As at 31 January 2024 5,925
Net Book Value
As at 31 January 2024 34,639
As at 1 February 2023 36,736
Page 3
Page 4
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 131 2,281 2,412
As at 31 January 2024 131 2,281 2,412
Depreciation
As at 1 February 2023 44 1,019 1,063
Provided during the period 17 417 434
As at 31 January 2024 61 1,436 1,497
Net Book Value
As at 31 January 2024 70 845 915
As at 1 February 2023 87 1,262 1,349
6. Debtors
2024 2023
£ £
Due within one year
Other debtors - 11,653
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 8 -
Accruals and deferred income 1,500 1,500
Directors' loan accounts 1,120 64
2,628 1,564
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 10 10
Page 4