Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 January 2024
Directors | |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 5 | |||||||
Current assets | ||||||||
Debtors | 6 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 7 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Share premium | ||||||||
Other reserves | ||||||||
Profit and loss account | ( | ( | ||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Board of Directors on 30 October 2024, and are signed on its behalf by: |
Director Registered Company No. 13145710 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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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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Judgements and key sources of estimation uncertainty | |
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Share based payments as set out in notes to the accounts have been made to employees and advisers of the company. As disclosed in the share based payments accounting policy note above, the fair value of the options granted is recognised in the income statement over the course of the vesting period. The fair value of the share options is estimated using a Black Scholes model which calculates the fair value of an option based on the fair value of an ordinary share at the time the options are granted. No other significant judgements or estimates have been used in order to arrive at the figures contained within the financial statements. |
Turnover policy | |
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Employee benefits | |
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Share-based payments | |
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Foreign currency translation | |
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Current taxation | |
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Deferred tax | |
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Research and development | |
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Tangible fixed assets and depreciation | |
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Straight line (years) | ||
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Office Equipment |
Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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Financial instruments | |
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2. | Staff Costs |
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3. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
4. | Prior period adjustment |
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The comparative figures presented in these financial statements have been restated to account for an amendment to the way the fair value of share options was determined. The fair value of the share options has been determined with the use of black scholes model and the new fair values have been applied retrospectively. Which has lead to a restatement of the comparative figures. The effects of the restatement are that the Share Option Reserves reported at 31 July 2022 have decreased by £275,981 and the accumulated losses reserve has decreased by £275,981. |
5. | Tangible fixed assets |
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Office Equipment | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 February 23 | ||||
Disposals | ( | ( | ||
Depreciation and impairment | ||||
At 01 February 23 | ||||
Charge for year | ||||
On disposals | ( | ( | ||
Net book value | ||||
At 31 January 24 | ||||
At 31 January 23 |
6. | Debtors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
7. | Creditors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
8. | Further information regarding the company's financial position |
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