0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-05-12 Sage Accounts Production Advanced 2023 - FRS102_2023 53,321 53,321 5,332 5,332 47,989 xbrli:pure xbrli:shares iso4217:GBP 14864840 2023-05-12 2024-05-31 14864840 2024-05-31 14864840 2023-05-11 14864840 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-05-12 2024-05-31 14864840 bus:Director1 2023-05-12 2024-05-31 14864840 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-05-31 14864840 core:WithinOneYear 2024-05-31 14864840 core:ShareCapital 2024-05-31 14864840 core:RetainedEarningsAccumulatedLosses 2024-05-31 14864840 bus:SmallEntities 2023-05-12 2024-05-31 14864840 bus:AuditExemptWithAccountantsReport 2023-05-12 2024-05-31 14864840 bus:SmallCompaniesRegimeForAccounts 2023-05-12 2024-05-31 14864840 bus:PrivateLimitedCompanyLtd 2023-05-12 2024-05-31 14864840 bus:FullAccounts 2023-05-12 2024-05-31
COMPANY REGISTRATION NUMBER: 14864840
Ware Platform Limited
Filleted Unaudited Financial Statements
For the period ended
31 May 2024
Ware Platform Limited
Statement of Financial Position
31 May 2024
31 May 24
Note
£
£
Fixed assets
Intangible assets
3
47,989
Current assets
Cash at bank and in hand
1
Creditors: amounts falling due within one year
4
74,275
--------
Net current liabilities
74,274
--------
Total assets less current liabilities
( 26,285)
--------
Capital and reserves
Called up share capital
1
Profit and loss account
( 26,286)
--------
Shareholders deficit
( 26,285)
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the period ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 11 February 2025 , and are signed on behalf of the board by:
Mr R Dance
Director
Company registration number: 14864840
Ware Platform Limited
Notes to the Financial Statements
Period from 12 May 2023 to 31 May 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27-28 Oldfield Road, Bocam Park, Pencoed, CF35 5LJ, Bridgend.
2. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development costs
-
10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
3. Intangible assets
Development costs
£
Cost
Additions
53,321
--------
At 31 May 2024
53,321
--------
Amortisation
Charge for the period
5,332
--------
At 31 May 2024
5,332
--------
Carrying amount
At 31 May 2024
47,989
--------
4. Creditors: amounts falling due within one year
31 May 24
£
Bank loans and overdrafts
20
Rock IT Specialists Limited
74,255
--------
74,275
--------