Company No:
Contents
DIRECTORS | Y Halamish |
A O'Neill | |
J Pisani | |
E Smith |
REGISTERED OFFICE | Salisbury House |
Station Road | |
Cambridge | |
CB1 2LA | |
United Kingdom |
COMPANY NUMBER | 13103602 (England and Wales) |
CHARTERED ACCOUNTANTS | Peters Elworthy & Moore |
Salisbury House | |
Station Road | |
Cambridge | |
CB1 2LA |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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1,549 | 1,006 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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256,209 | 580,602 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 149,745 | 536,786 | ||
Total assets less current liabilities | 151,294 | 537,792 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 6 |
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Share premium account |
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Profit and loss account | (
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Total shareholders' funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Adora Digital Health Limited (registered number:
E Smith
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Adora Digital Health Ltd is a private company limited by shares. The Company is incorporated in England and Wales and its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
After making appropriate enquiries, the directors have a reasonable expectation that the company will have adequate resources to continue in operational existence for the foreseeable future. The ability of the company to continue operations at the current level is dependant on the ability of the company to obtain additional funding to meet the working capital requirements. The directors are confident that the company will be able to raise the necessary funding to meet future working capital requirements. In the event that financing is not available the company will reduce its activities and put projects on hold until such a time that there is future funding available. For this reason they adopt the going concern basis when preparing the financial statements.
Transactions and balances
Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.
At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.
Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.
Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'administrative costs'.
Research and development expenditure is recognised in the Profit and Loss Accounts in the period in which it is incurred.
Defined Contribution Pension Plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.
Plant and machinery etc. |
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The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Plant and machinery etc. | Total | ||
£ | £ | ||
Cost | |||
At 29 June 2023 |
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Additions |
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At 28 June 2024 |
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Accumulated depreciation | |||
At 29 June 2023 |
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Charge for the financial year |
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At 28 June 2024 |
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Net book value | |||
At 28 June 2024 |
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At 28 June 2023 |
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2024 | 2023 | ||
£ | £ | ||
Trade debtors |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Trade creditors |
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Other taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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3.36 | 3.33 |