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Company Registration No. 13989530 (England and Wales)
Schrodinger Mmc Solutions Limited Unaudited accounts for the year ended 31 March 2024
Schrodinger Mmc Solutions Limited Unaudited accounts Contents
Page
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Schrodinger Mmc Solutions Limited Company Information for the year ended 31 March 2024
Director
Paul Plummer
Company Number
13989530 (England and Wales)
Registered Office
1 ROPERY CLOSE BEVERLEY EAST RIDING OF YORKSHIRE HU17 0UF ENGLAND
Accountants
Kendall Accountancy Services Limited 2 Exeter Street New Village Road Cottingham East Yorkshire HU16 4LU
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Schrodinger Mmc Solutions Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
33,783 
37,352 
Tangible assets
4,365 
5,044 
38,148 
42,396 
Current assets
Debtors
23,970 
19,620 
Cash at bank and in hand
34,466 
31,556 
58,436 
51,176 
Creditors: amounts falling due within one year
(51,625)
(68,877)
Net current assets/(liabilities)
6,811 
(17,701)
Total assets less current liabilities
44,959 
24,695 
Provisions for liabilities
Deferred tax
(829)
(958)
Net assets
44,130 
23,737 
Capital and reserves
Called up share capital
102 
102 
Profit and loss account
44,028 
23,635 
Shareholders' funds
44,130 
23,737 
For the year ending 31 March 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 November 2024 and were signed on its behalf by
Paul Plummer Director Company Registration No. 13989530
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Schrodinger Mmc Solutions Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Schrodinger Mmc Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 13989530. The registered office is 1 ROPERY CLOSE, BEVERLEY, EAST RIDING OF YORKSHIRE, HU17 0UF, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Schrodinger Mmc Solutions Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
41,502 
At 31 March 2024
41,502 
Amortisation
At 1 April 2023
4,150 
Charge for the year
3,569 
At 31 March 2024
7,719 
Net book value
At 31 March 2024
33,783 
At 31 March 2023
37,352 
Depreciated at 25% of cost
5
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
- 
6,259 
6,259 
Additions
160 
886 
1,046 
At 31 March 2024
160 
7,145 
7,305 
Depreciation
At 1 April 2023
- 
1,215 
1,215 
Charge for the year
7 
1,718 
1,725 
At 31 March 2024
7 
2,933 
2,940 
Net book value
At 31 March 2024
153 
4,212 
4,365 
At 31 March 2023
- 
5,044 
5,044 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
23,970 
19,620 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
7,760 
7,445 
Taxes and social security
12,689 
6,603 
Other creditors
99 
- 
Loans from directors
31,077 
54,829 
51,625 
68,877 
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Schrodinger Mmc Solutions Limited Notes to the Accounts for the year ended 31 March 2024
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102 
102 
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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