43 40 Rota Geek Limited 06783810 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is electronic scheduling and employment rotas. Digita Accounts Production Advanced 6.30.9574.0 true true 06783810 2024-01-01 2024-12-31 06783810 2024-12-31 06783810 bus:OrdinaryShareClass1 2024-12-31 06783810 bus:OrdinaryShareClass2 2024-12-31 06783810 bus:OrdinaryShareClass3 2024-12-31 06783810 bus:OrdinaryShareClass4 2024-12-31 06783810 core:CurrentFinancialInstruments 2024-12-31 06783810 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 06783810 core:Non-currentFinancialInstruments 2024-12-31 06783810 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 06783810 core:FurnitureFittingsToolsEquipment 2024-12-31 06783810 bus:SmallEntities 2024-01-01 2024-12-31 06783810 bus:Audited 2024-01-01 2024-12-31 06783810 bus:FilletedAccounts 2024-01-01 2024-12-31 06783810 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 06783810 bus:RegisteredOffice 2024-01-01 2024-12-31 06783810 bus:CompanySecretaryDirector1 2024-01-01 2024-12-31 06783810 bus:Director2 2024-01-01 2024-12-31 06783810 bus:Director6 2024-01-01 2024-12-31 06783810 bus:Director7 2024-01-01 2024-12-31 06783810 bus:Director8 2024-01-01 2024-12-31 06783810 bus:Director9 2024-01-01 2024-12-31 06783810 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 06783810 bus:OrdinaryShareClass2 2024-01-01 2024-12-31 06783810 bus:OrdinaryShareClass3 2024-01-01 2024-12-31 06783810 bus:OrdinaryShareClass4 2024-01-01 2024-12-31 06783810 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 06783810 bus:Agent1 2024-01-01 2024-12-31 06783810 core:ComputerEquipment 2024-01-01 2024-12-31 06783810 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 06783810 core:OfficeEquipment 2024-01-01 2024-12-31 06783810 countries:AllCountries 2024-01-01 2024-12-31 06783810 2023-12-31 06783810 core:FurnitureFittingsToolsEquipment 2023-12-31 06783810 2023-01-01 2023-12-31 06783810 2023-12-31 06783810 bus:OrdinaryShareClass1 2023-12-31 06783810 bus:OrdinaryShareClass2 2023-12-31 06783810 bus:OrdinaryShareClass3 2023-12-31 06783810 bus:OrdinaryShareClass4 2023-12-31 06783810 core:CurrentFinancialInstruments 2023-12-31 06783810 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 06783810 core:Non-currentFinancialInstruments 2023-12-31 06783810 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 06783810 core:FurnitureFittingsToolsEquipment 2023-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 06783810

Rota Geek Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Rota Geek Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 9

 

Rota Geek Limited

Company Information

Directors

C McCullough

N Pendleton

A Crawford

L Brot

E Wass

S Dawson

Company secretary

C McCullough

Registered office

71-75 Shelton Street
London
WC2H 9JQ

Auditors

Thomas Alexander & Co Limited 590 Green Lanes
Palmers Green
London
N13 5RY

 

Rota Geek Limited

(Registration number: 06783810)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

15,772

15,515

Current assets

 

Debtors

5

1,114,014

1,215,441

Cash at bank and in hand

 

1,083,607

1,664,205

 

2,197,621

2,879,646

Creditors: Amounts falling due within one year

6

(3,665,216)

(3,158,478)

Net current liabilities

 

(1,467,595)

(278,832)

Total assets less current liabilities

 

(1,451,823)

(263,317)

Creditors: Amounts falling due after more than one year

6

(6,248,619)

(3,804,521)

Provisions for liabilities

(3,943)

(3,879)

Net liabilities

 

(7,704,385)

(4,071,717)

Capital and reserves

 

Called up share capital

7

71

70

Share premium reserve

13,853,208

13,846,700

Retained earnings

(21,557,664)

(17,918,487)

Shareholders' deficit

 

(7,704,385)

(4,071,717)

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
L Brot
Director

 

Rota Geek Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in UK.

The address of its registered office is:
71-75 Shelton Street
London
WC2H 9JQ

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

The directors have prepared projected cash flow forecats in excess of 12 months from the date of their approval of the financial statements. The detailed projections demonstrate that the company has sufficient financial resources and working capital to continue in operational existence and should not be reliant on any contingent future equity or debt funding.

Audit report

The Independent Auditor's Report was unqualified. The name of the Senior Statutory Auditor who signed the audit report on 20 March 2025 was A Odysseos, who signed for and on behalf of Thomas Alexander & Co Limited.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Rota Geek Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

25% straight line basis

Office equipment

25% straight line basis

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Rota Geek Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

 

Rota Geek Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share based payments

The company operates an equity-settled, share-based compensation plan, under which the entity receives services from employees as consideration for equity instruments (options) of the entity. The fair value of the employee services received is measured by reference to the estimated fair value at the grant date of equity instruments granted and is recognised as an expense over the vesting period. The estimated fair value of the option granted is calculated using the Black Scholes option pricing model. The total amount expensed is recognised over the vesting period, which is the period over which all of the specified vesting conditions are to be satisfied.

The proceeds received net of any directly attributable transaction costs are credited to share capital (nominal value) and share premium when the options are exercised.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 43 (2023 - 40).

 

Rota Geek Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

169,125

169,125

Additions

11,332

11,332

Disposals

(4,223)

(4,223)

Foreign exchange movements

(2,359)

(2,359)

At 31 December 2024

173,875

173,875

Depreciation

At 1 January 2024

153,610

153,610

Charge for the year

10,156

10,156

Eliminated on disposal

(3,336)

(3,336)

Foreign exchange movements

(2,327)

(2,327)

At 31 December 2024

158,103

158,103

Carrying amount

At 31 December 2024

15,772

15,772

At 31 December 2023

15,515

15,515

5

Debtors

Current

2024
£

2023
£

Trade debtors

877,072

1,027,635

Prepayments

112,418

99,739

Other debtors

124,524

88,067

 

1,114,014

1,215,441

6

Creditors

Creditors: amounts falling due within one year

 

Rota Geek Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

10,000

10,000

Trade creditors

 

366,964

175,610

Taxation and social security

 

261,294

307,973

Accruals and deferred income

 

2,989,773

2,627,650

Other creditors

 

37,185

37,245

 

3,665,216

3,158,478

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

5,760,000

3,770,000

Other non-current financial liabilities

 

488,619

34,521

 

6,248,619

3,804,521

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.00001 each

3,619,065

36.19

3,512,738

35.13

A Ordinary shares of £0.00001 each

3,049,964

30.50

3,049,964

30.50

B Ordinary shares of £0.00001 each

400,899

4.01

400,899

4.01

Hurdle Shares of £0.00001 each

56,193

0.56

56,193

0.56

 

7,126,121

71.26

7,019,794

70.20

The A Ordinary shares and B Ordinary shares carry certain preference rights on liquidation and on an exit event as outlined in the Company's Articles of Association.

 

Rota Geek Limited

Notes to the Financial Statements for the Year Ended 31 December 2024

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

20,000

Other borrowings

5,750,000

3,750,000

5,760,000

3,770,000

Current loans and borrowings

2024
£

2023
£

Bank borrowings

10,000

10,000

9

APB Ethical Standards relevant circumstances

In common with many businesses of our size and nature we use our auditors to prepare and submit tax returns to the tax authorities and to assist with the preparation of the statutory financial statements.