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Company Registration No. 10859888 (England and Wales)
Programmai Limited Unaudited accounts for the year ended 31 December 2024
Programmai Limited Unaudited accounts Contents
Page
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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
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Programmai Limited Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
30,388 
35,181 
Tangible assets
1,427 
10,013 
31,815 
45,194 
Current assets
Debtors
361 
5,060 
Cash at bank and in hand
203,993 
304,138 
204,354 
309,198 
Creditors: amounts falling due within one year
(24,347)
(33,191)
Net current assets
180,007 
276,007 
Net assets
211,822 
321,201 
Capital and reserves
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
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Programmai Limited Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
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.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Research and development
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.
Going concern
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
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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Programmai Limited Notes to the Accounts for the year ended 31 December 2024
Financial instruments
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.
Share options
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.
Foreign exchange
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.
Pension costs
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.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 January 2024
47,925 
At 31 December 2024
47,925 
Amortisation
At 1 January 2024
12,744 
Charge for the year
4,793 
At 31 December 2024
17,537 
Net book value
At 31 December 2024
30,388 
At 31 December 2023
35,181 
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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 
Depreciation
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 
Net book value
At 31 December 2024
- 
1,427 
1,427 
At 31 December 2023
506 
9,507 
10,013 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
238 
- 
Accrued income and prepayments
123 
3,478 
Other debtors
- 
1,582 
361 
5,060 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
11,663 
10,876 
Trade creditors
- 
2,404 
Taxes and social security
8,597 
14,634 
Other creditors
- 
1,027 
Loans from directors
4,087 
- 
Accruals
- 
540 
Deferred income
- 
3,710 
24,347 
33,191 
8
Share capital
2024 
2023 
£ 
£ 
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 
16.31 
16.31 
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Programmai Limited Notes to the Accounts for the year ended 31 December 2024
9
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Dean Murr
- 
4,087 
- 
4,087 
- 
4,087 
- 
4,087 
The director's loan is interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 3 (2023: 6).
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