AUDLEM SOFTWARE LTD |
Balance Sheet |
as at 30 April 2024 |
|
Notes |
|
|
2024 |
|
|
2023 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
319 |
|
|
629 |
|
|
|
|
|
|
|
|
|
|
|
|
319 |
|
|
629 |
|
Current assets |
Debtors |
4 |
|
2,250 |
|
|
2,433 |
Cash at bank and in hand |
|
|
4,035 |
|
|
17,195 |
|
|
|
|
|
|
|
|
|
|
6,285 |
|
|
19,628 |
|
Creditors: amounts falling due within one year |
5 |
|
(48,709) |
|
|
(54,670) |
|
Net current liabilities |
|
|
|
(42,424) |
|
|
(35,042) |
|
|
|
|
|
|
|
|
Total assets less current liabilities |
|
|
|
(42,105) |
|
|
(34,413) |
|
|
|
|
|
|
|
|
Net liabilities |
|
|
|
(42,105) |
|
|
(34,413) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Profit and loss account |
|
|
|
(42,205) |
|
|
(34,513) |
|
Shareholders' funds |
|
|
|
(42,105) |
|
|
(34,413) |
|
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
|
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
|
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
|
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
MRS. S.A. FORD |
Director |
Approved by the board on 15 January 2025 |
|
AUDLEM SOFTWARE LTD |
Notes to the Accounts |
for the year ended 30 April 2024 |
|
|
1 |
Accounting policies |
|
|
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). |
|
|
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows: |
|
|
Office equipment |
25% reducing balance basis |
|
Computer hardware and software |
33⅓% straight line basis |
|
|
Work in progress |
|
Work in progress is measured at the lower of cost and estimated selling price less costs to complete and sell. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted. |
|
|
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
2 |
Employees |
2024 |
|
2023 |
Number |
Number |
|
|
Average number of persons employed by the company |
3 |
|
3 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Office equipment |
|
Computer hardware and software |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 May 2023 |
712 |
|
31,962 |
|
32,674 |
|
At 30 April 2024 |
712 |
|
31,962 |
|
32,674 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2023 |
703 |
|
31,342 |
|
32,045 |
|
Charge for the year |
- |
|
310 |
|
310 |
|
At 30 April 2024 |
703 |
|
31,652 |
|
32,355 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2024 |
9 |
|
310 |
|
319 |
|
At 30 April 2023 |
9 |
|
620 |
|
629 |
|
|
|
|
4 |
Debtors |
2024 |
|
2023 |
£ |
£ |
|
|
Trade debtors |
725 |
|
1,034 |
|
Prepayments |
1,525 |
|
1,399 |
|
|
|
|
|
|
2,250 |
|
2,433 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
£ |
£ |
|
|
Trade creditors |
1,800 |
|
1,800 |
|
Other taxes and social security costs |
163 |
|
2,707 |
|
Directors' loan account |
46,746 |
|
50,163 |
|
|
|
|
|
|
48,709 |
|
54,670 |
|
|
|
|
|
|
|
|
|
|
6 |
Controlling party |
|
The ultimate controlling party throughout the year was Dr. L.O. Ford, a director and shareholder in the company. |
|
|
7 |
Other information |
|
AUDLEM SOFTWARE LTD is a private company limited by shares and incorporated in England (Company Number 04180206). Its registered office is Oakland, Crew Green, Shrewsbury, Powys, SY5 9AS. |