UK REGISTRATION AREA | : |
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COMPANY NUMBER | : |
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COMPANY NAME | : |
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DATE OF INCORPORATION | : |
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COMPANY TYPE | : |
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REGISTERED OFFICE ADDRESS | : |
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DIRECTORS | : |
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PRESENTATION CURRENCY | : |
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ROUNDING LEVEL | : | Pence |
This document, and the pages and sections herein, form the company's seventh INDIVIDUAL COMPANY ACCOUNTS, and include the complete set of financial statements and notes required by UK Adopted International Accounting Standard UKIAS-1 paragraph 11. Specifically:
The company delivered this document to the UK Companies Act 2006 section 1060(1)(a) Registrar together with a section 415(1) DIRECTORS' REPORT in a separate document.
Note | 2023/24 GBP |
2022/23 GBP |
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ASSETS | |||
Non Current | |||
None | 0.00 | 0.00 | |
Total Non Current |
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Current | |||
Cash and Cash Equivalents | |||
Notes and Coins | 2.00 | 2.00 | |
Credit Bank Balance | 307.86 | 485.25 | |
Total Cash and Cash Equivalents |
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Promotional Credit | 22. | 0.00 | 0.00 |
Accrued Income | 26. |
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Prepaid Expenses | 27. |
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Total Current |
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Total ASSETS |
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LIABILITIES | |||
Non Current | |||
None | 0.00 | 0.00 | |
Total Non Current |
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Current | |||
Accrued Expenses | 28. |
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Promotional Creditors | 22. | 0.00 | 0.00 |
Total Current |
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Total LIABILITIES |
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EQUITY | |||
Share Capital | 43. |
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Owners' Capital | 29. |
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Retained Earnings | 29. |
( |
( |
General Reserves | 44. |
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Total EQUITY | 29. |
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Total ASSETS minus Total LIABILITIES |
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The directors have taken advantage of the s415A Directors' report: small companies exemption relevant to s416(3) statements of recommended dividends, and sections 444 to 446 filing obligations.
These annual accounts have been approved by the board of directors.
Signed on behalf of the board by:
Date:
Note | 2023/24 GBP |
2022/23 GBP |
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PROFIT or LOSS | |||
Revenue | 30. |
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Cost Of Sales | 30. |
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Gross PROFIT |
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Other Operating Income | 31. |
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Distribution Costs | 31. |
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Administrative Expenses | |||
Services | |||
Accounting | (365.11) | (321.76) | |
Online Office | (599.74) | (535.57) | |
Internet Domains | (51.43) | (50.26) | |
Website | 39. | (111.33) | (103.31) |
Company | 40. | (13.00) | (13.00) |
Total Services | (1,140.61) | (1,023.90) | |
Travel | |||
Accommodation | 23. | 0.00 | 0.00 |
Subsistence | 24. | 0.00 | 0.00 |
Transportation | 25. | 0.00 | 0.00 |
Total Travel | 21. | 0.00 | 0.00 |
Banking | |||
Current Account Charges | 33. | (90.00) | (90.00) |
Total Banking | (90.00) | (90.00) | |
Total Administrative Expenses |
( |
( |
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Finance Costs | 34. |
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Research and Development | |||
Services | |||
Laboratory | 32. | (144.23) | (145.77) |
Total Services | (144.23) | (145.77) | |
Total Research and Development | 32. | (144.73) | (145.77) |
Net PROFIT (Before Tax) |
( |
( |
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Tax Expense | 36. |
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Total PROFIT or LOSS |
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( |
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OTHER Comprehensive INCOME | |||
Items not to be reclassified to profit or loss | |||
Banking Services | |||
Current Account Interest | 35. | 0.00 | 0.00 |
Promotional Credits | 22. | 0.00 | 0.00 |
Total Items not to be reclassified to profit or loss |
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Total OTHER Comprehensive INCOME |
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Total COMPREHENSIVE INCOME |
( |
( |
Share Capital |
Owners' Capital |
Retained Earnings |
General Reserves |
Total Equity |
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Note | GBP | GBP | GBP | GBP | GBP | |
Balance at 1st June 2023 (Start Of Year 7) | 41. | 2.00 | 9,400.00 | (8,866.44) | 0.00 | 535.56 |
Changes In Accounting Policy | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
Balance at 1st June 2023 Restated | 41. | ( |
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Equity Changes for Year End 31 May 2024 | ||||||
Comprehensive Income for Period | ||||||
Profit or Loss for Period |
( |
( |
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Other Comprehensive Income for Period | ||||||
Banking Services | ||||||
Current Account Interest | 35. | 0.00 | ||||
Promotional Credits | 22. | 0.00 | ||||
Total Other Comprehensive Income for Period |
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Total COMPREHENSIVE INCOME for Period |
( |
( |
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Issue Of Share Capital | 43. |
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Capital Contributions From Owners | 29. |
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Paid Dividends And Cash Distributions | 42. |
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Reservations Of Capital | 44. |
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Balance at 31 May 2024 | 29. | ( |
Note | 2023/24 GBP |
2022/23 GBP |
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Cash Flows from OPERATING Activities | |||
Comprehensive Income | 37. |
( |
( |
Adjustments For: | |||
Accrued Income | 26. | 0.00 | 0.00 |
Prepaid Expenses | 27. | (3.25) | (5.40) |
Accrued Expenses | 28. | 0.70 | 4.39 |
Promotional Credit | 22. | 0.00 | 0.00 |
Promotional Creditors | 22. | 0.00 | 0.00 |
Current Bank Account Interest | 38. | 0.00 | 0.00 |
Total Adjustments | (2.55) | (1.01) | |
NET Cash from OPERATING Activities |
( |
( |
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Cash Flows from INVESTING Activities | |||
Current Bank Account Interest | 38. |
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NET Cash from INVESTING Activities |
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Cash Flows from FINANCING Activities | |||
Issue Of Share Capital | 43. |
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Capital Contributions From Owners | 29. |
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Paid Dividends and Cash Distributions | 42. |
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NET Cash from FINANCING Activities |
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Net Increase In Cash and Cash Equivalents |
( |
( |
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CASH and Cash EQUIVALENTS at START of Period | 41. |
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CASH and Cash EQUIVALENTS at END of Period |
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No. | Narrative | Reference | ||||||||||||||||
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Accounting Entity | ||||||||||||||||||
1. | The Company is a Companies Act 2006 section 1 Company; Limited according to s3(1); By shares according to s3(2); And private by virtue of s4(1) ('Private Limited Company'). The company is not a s1162 parent or subsidiary undertaking. | CA06: s397(1)(c) | ||||||||||||||||
2. |
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CA06: s386 | ||||||||||||||||
3. | The company qualifies as a 'Small Company' by virtue of s382, and the 'small companies regime' therefore applies by virtue of s381. | CA06: s381 & s382 |
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4. | The company qualifies as a 'Micro Entity' by virtue of s384A, and the 'provisions' for micro entities therefore apply also. | CA06: s384A | ||||||||||||||||
5. | The company is an 'Unquoted' company by virtue of s385(3), and therefore subject to any related enactments. | CA06: s385(3) | ||||||||||||||||
6. | The average number of persons employed by the company during the accounting period is zero.
( |
CA06: s411(1) | ||||||||||||||||
Accounting Period | ||||||||||||||||||
7. | The company's financial year end is 31st May as a result of amending the company's Accounting Reference Period under s392. This is the entity's seventh accounting period from 01 June 2023 to 31 May 2024 inclusive. | CA06: s390 to s392 |
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8. | These accounts are the company's s394 Individual Accounts prepared for its 2023/24 (seventh) accounting period. | CA06: s394 | ||||||||||||||||
Accounting Standards | ||||||||||||||||||
9. | As permitted by s395, these accounts have been prepared in accordance with UK-adopted International accounting standards, referred to in s395(1)(b) as 'IAS Individual Accounts'. | CA06: s397(2) | ||||||||||||||||
10. |
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UKIAS-1: 16 | ||||||||||||||||
11. | The directors are satisfied that these annual accounts give a true and fair view of the assets, liabilities, financial position and profit or loss of the company in accordance with the s393 requirements to do so, and have had due regard for the provisions of the company's chosen accounting standard as it relates to the accounting items included. | CA06: s393 | ||||||||||||||||
Accounting Content | ||||||||||||||||||
12. | The directors rely on the disapplication of the s414A requirement to prepare a strategic report for the company because the company is entitled to the exemption specified in s414B. | CA06: s414A & s414B |
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13. | The directors do not rely on the s415(1A) disapplication of the s415(1) duty to prepare a directors' report relating to a micro-entity. | CA06: s415 | ||||||||||||||||
14. | The company has presented its analysis of expenses recognised in the statement of profit or loss using the 'function of expense' format since its expenses have predominantly been administrative during the accounting period. | UKIAS-1: 99-105 | ||||||||||||||||
15. |
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UKIAS-1: 137 | ||||||||||||||||
Accounting Policies | ||||||||||||||||||
16. | The financial statements included in these annual accounts have been prepared on a 'going concern' basis. | UKIAS-1: 25 | ||||||||||||||||
17. | Excepting only cash flow information, the financial statements included in these annual accounts have been prepared using the 'accrual' basis of accounting. | UKIAS-1: 27 | ||||||||||||||||
18. |
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UKIAS-1: 117(a) | ||||||||||||||||
19. | The company's management have made materiality judgements for the purposes of aggregating or disaggregating accounting items presented in the financial statements. Regard has been given to the size and relative sizes of the individual and total amounts separately shown. Items that are mandatory to show separately have been shown separately. | UKIAS-1: 122 | ||||||||||||||||
20. |
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UKIAS-1: 134 & 135 |
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21. |
The times, places and circumstances in which these expenses were incurred make disaggregation impracticable. Users should take 20% of these amounts to be a reasonable estimate of the expense incurred in respect of company officer activities and ascribe the balance to R&D. |
UKIAS-1: 7 | ||||||||||||||||
22. | The company accounting policy is to show the takeup of free offers integrated into service contracts as 'promotional credit/creditors/credits' in its accounts. | UKIAS-8: 14(b) | ||||||||||||||||
Accounting Items | ||||||||||||||||||
23. | No meetings in person were convened during the accounting period at all. Therefore, no accommodation expenses were incurred. | UKIAS-1: 112 | ||||||||||||||||
24. | No meetings in person were convened during the accounting period at all. Therefore, no subsistence expenses were incurred. | UKIAS-1: 112 | ||||||||||||||||
25. | No meetings in person were convened during the accounting period at all. Therefore, no transportation expenses were incurred. | UKIAS-1: 112 | ||||||||||||||||
26. | Accrued income refers to current bank account interest (nil during this accounting period). | UKIAS-1: 112 | ||||||||||||||||
27. | Prepaid expenses refers to accounting and domain name services, including leasing of internet domain names for up to a two year period. | UKIAS-1: 112 | ||||||||||||||||
28. | Accrued expenses refers to online office, banking, computing and website services. | UKIAS-1: 112 | ||||||||||||||||
29. | Owners' capital (GBP |
UKIAS-1: 112 | ||||||||||||||||
30. |
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UKIAS-1: 112 | ||||||||||||||||
31. |
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UKIAS-1: 112 | ||||||||||||||||
32. |
This is the fourth year in which the company recognises measurable research and development expenditure, which it does so in respect of internally generated intangible assets. The expenditure is recognised as it has occurred and relates wholly to the 'research phase' of eventual asset development. No intangible assets arising from the research concerned is recognised in these accounts. |
UKIAS-38: 8 UKIAS-38: 51 UKIAS-38: 54 & 55 UKIAS-1: 112 |
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33. | The company pays bank charges during the accounting period under its banking services contract. | UKIAS-1: 112 | ||||||||||||||||
34. |
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UKIAS-1: 112 | ||||||||||||||||
35. |
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UKIAS-1: 112 | ||||||||||||||||
36. |
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UKIAS-1: 112 | ||||||||||||||||
37. | Amount carried from the Comprehensive Income statement is adjusted to actual cash amount using the 'indirect method'. | UKIAS-1: 112 | ||||||||||||||||
38. | Adjustment enabling actual current account interest (if any) to be shown in the Cash from INVESTING Activities section of the cash flow statement. No current account interest was paid to the company during this accounting period. | UKIAS-1: 112 | ||||||||||||||||
39. | The company paid for website services during the accounting period. | UKIAS-1: 112 | ||||||||||||||||
40. | Company Services refers to payments to Companies House for filing. | UKIAS-1: 112 | ||||||||||||||||
41. | This is the company's seventh accounting period. | UKIAS-1: 112 | ||||||||||||||||
42. | No dividends (or distributions) have been paid or made in respect of the accounting period. | UKIAS-1: 112 | ||||||||||||||||
Accounting Analyses | ||||||||||||||||||
43. |
Classes Of Share Capital (Ordinary)
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UKIAS-1: 79(a) | ||||||||||||||||
44. |
Equity Reserves All decisions concerning reserves within equity were remitted to the start of the next accounting period. |
UKIAS-1: 79(b) |
UK REGISTRATION AREA | : |
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COMPANY NUMBER | : |
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COMPANY NAME | : |
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DATE OF INCORPORATION | : |
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COMPANY TYPE | : |
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REGISTERED OFFICE ADDRESS | : |
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DIRECTORS | : |
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This document is the company's seventh annual DIRECTORS' REPORT. The company delivered this document to the UK Companies Act 2006 section 1060(1)(a) Registrar, together with a complete set of section 394 INDIVIDUAL COMPANY ACCOUNTS in a separate document.
This report covers the following issues commensurate with the company's circumstances, size and early stage of development:
The company’s directors have remained the same since the previous annual accounts. The directors are also the company’s investors and shareholders.
The company’s principal activities for this reporting year have continued to be the setting up and operating of administrative facilities in ways that will enables the company to scale with minimal reorganisation and create prototype systems that will inform future products.
The directors engaged in research and development activities and the reasonable expenses incurred during these activities were reimbursed. The directors expect that the products of these activities will be further developed into the company’s first significant assets.
This is the fourth reporting year in which ‘research and development’ expenditure is recognised in the company’s accounts in accordance with accounting standards UKIAS-38.
The principal risks and uncertainties arose, and will continue to arise, from the directors electing to undertake activities themselves in place of utilising professional services.
The directors expect that the company will continue to operate as a going concern. The owners have considered the likely profile of expenditures occurring in the period ahead and are confident that they can make the contributions necessary to meet them.
The company has made no employment contracts of any kind.
In accordance with SI 409/08 schedule 5, the directors explicitly disclose that the company made no political or charitable donations of any kind.
At the company's first directors' meeting on 3rd September 2017, a resolution was passed giving effect to Companies Act 2006 section 236(1) qualifying 'third party' and 'pension scheme' indemnity provisions.
The directors do not rely on the s415(2) disapplication of the s415(1) duty to prepare a directors' report relating to a micro-entity.
The directors take advantage of the s415A directors' report, small companies exemption relevant to s416(3) statements of recommended dividends, and sections 444 to 446 filing obligations.
These annual accounts have been approved by the board of directors.
Signed on behalf of the board by:
Date: