Registered number
03037178
Dialectyx Solutions Limited
Filleted Accounts
30 April 2024
Dialectyx Solutions Limited
Registered number: 03037178
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 51,237 53,278
Current assets
Debtors 4 15,150 2,880
Cash at bank and in hand 13,438 32,090
28,588 34,970
Creditors: amounts falling due within one year 5 (4,816) (3,157)
Net current assets 23,772 31,813
Net assets 75,009 85,091
Capital and reserves
Called up share capital 118 118
Share premium 3,584 3,584
Capital redemption reserve 193,564 193,564
Profit and loss account (122,257) (112,175)
Shareholders' funds 75,009 85,091
The director is 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 director acknowledges his 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.
E A Backhouse
Director
Approved by the board on 20 January 2025
Dialectyx Solutions Limited
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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Work in progress
Work in progress is valued at the cost of time engaged on ongoing projects including attributable overheads.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - 2
3 Intangible fixed assets £
Software development cost:
Cost
At 1 May 2023 458,540
At 30 April 2024 458,540
Amortisation
At 1 May 2023 405,262
Provided during the year 2,041
At 30 April 2024 407,303
Net book value
At 30 April 2024 51,237
At 30 April 2023 53,278
Software development costs are being written off over the duration of the current term of the principal licence used for the main software product.
4 Debtors 2024 2023
£ £
Trade debtors 15,150 2,880
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 267 -
Taxation and social security costs 3,399 407
Other creditors 1,150 2,750
4,816 3,157
6 Other information
Dialectyx Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
Dodsley Grange
Dodsleigh
Leigh
Stoke on Trent
ST10 4QA
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