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Registered number: 13415141
Herd App Limited
Unaudited Financial Statements
For The Year Ended 30 May 2024
Minford Accountants
Moyola House, 31 Hawthorn Grove
York
YO31 7YA
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13415141
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,703 3,580
4,703 3,580
CURRENT ASSETS
Debtors 5 11,500 18,920
Cash at bank and in hand 40,871 202,133
52,371 221,053
Creditors: Amounts Falling Due Within One Year 6 (99,953 ) (99,083 )
NET CURRENT ASSETS (LIABILITIES) (47,582 ) 121,970
TOTAL ASSETS LESS CURRENT LIABILITIES (42,879 ) 125,550
NET (LIABILITIES)/ASSETS (42,879 ) 125,550
CAPITAL AND RESERVES
Called up share capital 7 25 25
Share premium account 564,979 564,979
Profit and Loss Account (607,883 ) (439,454 )
SHAREHOLDERS' FUNDS (42,879) 125,550
Page 1
Page 2
For the year ending 30 May 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 R Minford
Director
26th November 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
Herd App Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13415141 . The registered office is Moyola House, 31 Hawthorne Grove, York, North Yorkshire, YO31 7YA.
The company was formed as an Application and Technical Start-up business, with a development project timescale of three years prior to launch to the open market.  
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. Turnover
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
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:
Computer Equipment 33.33% Straight Line Method
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 3)
2 3
4. Tangible Assets
Computer Equipment
£
Cost
As at 31 May 2023 5,370
Additions 4,370
As at 30 May 2024 9,740
Depreciation
As at 31 May 2023 1,790
Provided during the period 3,247
As at 30 May 2024 5,037
Net Book Value
As at 30 May 2024 4,703
As at 31 May 2023 3,580
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Page 4
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 1,392 -
Other debtors 10,108 18,920
11,500 18,920
Included within the debtors are loans to directors £7,540 (2022: £13,547). The loan is unsecured, repayable on demand and carries at an interest rate of 7% per annum.
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 6,696 843
Convertible loan notes 84,729 84,729
PAYE and Social Security 876 6,800
Other creditors 5,152 1,470
Accruals and deferred income 2,500 5,241
99,953 99,083
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 25 25
Share capital consists of 2,300 A Ordinary shares of £0.01 each and 246,950 Ordinary shares of £0.00001 each.
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