Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
29 February 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 22 November 2024, and are signed on its behalf by: |
Director Registered Company No. 10602161 |
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 the notes to the financial statements have been made to employees and advisors of the company. The fair value of any vested share options is recognised in the income statement. The fair value of share options is estimated with the use of a Black-scholes model. The fair value of the ordinary shares in issue at the date of granting the options is used as an input into the model. There have been no other significant judgements or estimates applied to the numbers contained within these financial statements. |
Turnover policy | |
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Revenue from rendering of services | |
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Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
Operating leases | |
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Defined contribution pension plan | |
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Share-based payments | |
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Foreign currency translation | |
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Current taxation | |
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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 accumulated losses reserves have increased by £542,882 and the share options reserves have increased by £542,882. |
5. | Tangible fixed assets |
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Office Equipment | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 March 23 | ||||
Additions | ||||
Disposals | ( | ( | ||
At 29 February 24 | ||||
Depreciation and impairment | ||||
At 01 March 23 | ||||
Charge for year | ||||
On disposals | ( | ( | ||
At 29 February 24 | ||||
Net book value | ||||
At 29 February 24 | ||||
At 28 February 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 | ||||
Bank borrowings and overdrafts | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
8. | Pension commitments |
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9. | Operating lease commitments |
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10. | Events after reporting date |
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11. | Related party transactions |
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12. | Parent-subsidiary relationships |
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