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Balance Sheet | 1—2 |
Notes to the Financial Statements | 3—5 |
2024 | |||
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Notes | £ | £ | |
FIXED ASSETS | |||
Intangible Assets | 4 |
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Tangible Assets | 5 |
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CURRENT ASSETS | |||
Debtors | 6 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 7 |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||
Called up share capital | 8 |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS | 18,361 | ||
Director
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Computer Equipment |
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Development Costs | |||
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Cost | |||
As at 26 April 2023 |
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Additions |
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As at 30 April 2024 |
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Net Book Value | |||
As at 30 April 2024 |
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As at 26 April 2023 |
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Computer Equipment | |
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Cost | |
As at 26 April 2023 |
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Additions |
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As at 30 April 2024 |
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Depreciation | |
As at 26 April 2023 |
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Provided during the period |
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As at 30 April 2024 |
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Net Book Value | |
As at 30 April 2024 |
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As at 26 April 2023 |
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2024 | |
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£ | |
Due within one year | |
Trade debtors |
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VAT |
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Amounts owed by group undertakings |
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2024 | |
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Trade creditors |
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Corporation tax |
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Accruals and deferred income |
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Amounts owed to related parties |
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Vanquish Capital Ltd
The company has provided an unsecured loan to Vanquish Capital Ltd, a related party under common control. The loan is repayable on demand, and no interest has been charged. The amount outstanding as at the year-end was £103,598.76. The company also paid Vanquish Capital Ltd £6,500 in rent during the year.The rent was charged under terms agreed between the parties, which the directors consider to be on an arm’s length basis.
Alexander Foster
During the year, the company was charged £11,250 by Alexander Foster, a shareholder in the company, for consultancy services provided. At the reporting date, an amount of £11,250 remained outstanding and has been accrued in the financial statements. The directors consider the terms of the arrangement to be on an arm’s length basis.
Vanquish Limited
During the year, the company was charged £104,399.88 by Vanquish Limited for the use of intellectual property. At the reporting date, an amount of £104,399.88 remained outstanding and has been accrued in the financial statements. The directors consider the terms of the arrangement to be on an arm’s length basis.