2023-03-012024-02-292024-02-29false13185671ANTIDOTE LDN 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ANTIDOTE LDN LTD

Registered Number
13185671
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

ANTIDOTE LDN LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

BUCKLEY, Niki William, Dr
RICHARDSON, Errol, Dr

Registered Address

96 Wenodo Garden Office
Brighton Road
Banstead
SM7 1BU

Registered Number

13185671 (England and Wales)
ANTIDOTE LDN LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets395,171104,526
Tangible assets48,82210,465
103,993114,991
Current assets
Debtors5298,954298,765
Cash at bank and on hand38,614178,227
337,568476,992
Creditors amounts falling due within one year6(392,660)(419,352)
Net current assets (liabilities)(55,092)57,640
Total assets less current liabilities48,901172,631
Creditors amounts falling due after one year7(450,000)(450,000)
Net assets(401,099)(277,369)
Capital and reserves
Called up share capital11
Profit and loss account(401,100)(277,370)
Shareholders' funds(401,099)(277,369)
The financial statements were approved and authorised for issue by the Board of Directors on 27 November 2024, and are signed on its behalf by:
BUCKLEY, Niki William, Dr
Director
Registered Company No. 13185671
ANTIDOTE LDN LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows: Depreciation is provided on the following basis: Computer equipment - 25% Straight line method Plant and Machinery - 25% Straight line method The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
2.Average number of employees

20242023
Average number of employees during the year3119
3.Intangible assets

Total

£
Cost or valuation
At 01 March 23113,041
Additions2,166
At 29 February 24115,207
Amortisation and impairment
At 01 March 238,515
Charge for year11,521
At 29 February 2420,036
Net book value
At 29 February 2495,171
At 28 February 23104,526
4.Tangible fixed assets

Total

£
Cost or valuation
At 01 March 2312,491
Additions1,973
At 29 February 2414,463
Depreciation and impairment
At 01 March 232,026
Charge for year3,616
At 29 February 245,642
Net book value
At 29 February 248,822
At 28 February 2310,465
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables298,954258,766
Other debtors-39,999
Total298,954298,765
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables37,66027,392
Taxation and social security118,729146,447
Other creditors3,4923,053
Accrued liabilities and deferred income232,779242,460
Total392,660419,352
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts250,000250,000
Amounts owed to related parties200,000200,000
Total450,000450,000