Company Registration No. 10859888 (England and Wales)
Programmai Limited
Unaudited accounts
for the year ended 31 December 2024
Programmai Limited
Unaudited accounts
Contents
Programmai Limited
Company Information
for the year ended 31 December 2024
Directors
Dean Murr
Yali Sassoon
Company Number
10859888 (England and Wales)
Registered Office
Flat 30 Gosse Court
19 Downham Road
London
N1 5BF
United Kingdom
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Programmai Limited
Statement of financial position
as at 31 December 2024
Intangible assets
30,388
35,181
Tangible assets
1,427
10,013
Cash at bank and in hand
203,993
304,138
Creditors: amounts falling due within one year
(24,347)
(33,191)
Net current assets
180,007
276,007
Net assets
211,822
321,201
Called up share capital
16
16
Share premium
1,091,400
1,091,400
Capital contribution reserve
54,473
44,540
Profit and loss account
(934,067)
(814,755)
Shareholders' funds
211,822
321,201
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 20 February 2025 and were signed on its behalf by
Dean Murr
Director
Company Registration No. 10859888
Programmai Limited
Notes to the Accounts
for the year ended 31 December 2024
Programmai Limited is a private company, limited by shares, registered in England and Wales, registration number 10859888. The registered office is Flat 30 Gosse Court, 19 Downham Road, London, N1 5BF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line Basis
Computer equipment
20% Straight Line Basis
Expenditure on research and development is written off in the year in which it is incurred.
Research and Development Tax Credit
During the financial year, Programmai Limited received a tax credit for qualifying research and development expenditure under the Research and Development tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Programmai Limited
Notes to the Accounts
for the year ended 31 December 2024
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The Company has provided a share option scheme. The fair value of such share options is calculated on the grant date and recognised within administrative expenses, on a straight-line basis throughout the option's vesting periods. The cost is accumulated within the share option reserve within equity until the options are exercised (and the relevant shares are issued) or the options lapse.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Intangible fixed assets
Other
At 31 December 2024
47,925
At 31 December 2024
17,537
At 31 December 2024
30,388
At 31 December 2023
35,181
Programmai Limited
Notes to the Accounts
for the year ended 31 December 2024
5
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2024
1,531
23,383
24,914
Disposals
(1,531)
(16,030)
(17,561)
At 31 December 2024
-
7,353
7,353
At 1 January 2024
1,025
13,876
14,901
Charge for the year
209
4,245
4,454
On disposals
(1,234)
(12,195)
(13,429)
At 31 December 2024
-
5,926
5,926
At 31 December 2024
-
1,427
1,427
At 31 December 2023
506
9,507
10,013
Amounts falling due within one year
Accrued income and prepayments
123
3,478
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
8,597
14,634
Loans from directors
4,087
-
Allotted, called up and fully paid:
16,042 Ordinary shares of £0.001 each
16.04
16.04
276 B Ordinary shares of £0.001 each
0.27
0.27
Programmai Limited
Notes to the Accounts
for the year ended 31 December 2024
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
The director's loan is interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 3 (2023: 6).