Company registration number 08803824 (England and Wales)
AUTOMATED ANALYTICS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
PAGES FOR FILING WITH REGISTRAR
AUTOMATED ANALYTICS LIMITED
COMPANY INFORMATION
Directors
Mr M E Taylor
Mr W R James
Company number
08803824
Registered office
Unit 2a
Sidings Court
Doncaster
DN4 5NU
Accountants
Ormerod Rutter Limited
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
Bankers
Barclays Bank Plc
Heavens Walk
Doncaster
DN4 5HZ
AUTOMATED ANALYTICS LIMITED
CONTENTS
Page
Accountants' report
1
Balance sheet
2 - 3
Notes to the financial statements
4 - 8
AUTOMATED ANALYTICS LIMITED
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AUTOMATED ANALYTICS LIMITED FOR THE YEAR ENDED 30 JUNE 2024
- 1 -

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Automated Analytics Limited for the year ended 30 June 2024 which comprise, the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us.

 

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.

This report is made solely to the board of directors of Automated Analytics Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Automated Analytics Limited and state those matters that we have agreed to state to the board of directors of Automated Analytics Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Automated Analytics Limited and its board of directors as a body, for our work or for this report.

It is your duty to ensure that Automated Analytics Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Automated Analytics Limited. You consider that Automated Analytics Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Automated Analytics Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ormerod Rutter Limited
13 November 2024
Chartered Accountants
The Oakley
Kidderminster Road
Droitwich
Worcestershire
WR9 9AY
AUTOMATED ANALYTICS LIMITED
BALANCE SHEET
AS AT
30 JUNE 2024
30 June 2024
- 2 -
2024
2023
Notes
£
£
£
£
Fixed assets
Intangible assets
3
1,498,053
826,926
Tangible assets
4
100,253
113,042
1,598,306
939,968
Current assets
Debtors
5
1,583,690
1,601,641
Cash at bank and in hand
571
164,853
1,584,261
1,766,494
Creditors: amounts falling due within one year
6
(2,205,014)
(1,285,018)
Net current (liabilities)/assets
(620,753)
481,476
Total assets less current liabilities
977,553
1,421,444
Creditors: amounts falling due after more than one year
7
(27,382)
(85,040)
Provisions for liabilities
9
(251,069)
(21,146)
Net assets
699,102
1,315,258
Capital and reserves
Called up share capital
10
133
133
Share premium account
1,700,669
1,700,669
Profit and loss reserves
(1,001,700)
(385,544)
Total equity
699,102
1,315,258

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

AUTOMATED ANALYTICS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
30 JUNE 2024
30 June 2024
- 3 -
The financial statements were approved by the board of directors and authorised for issue on 13 November 2024 and are signed on its behalf by:
Mr M E Taylor
Director
Company registration number 08803824 (England and Wales)
AUTOMATED ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024
- 4 -
1
Accounting policies
Company information

Automated Analytics Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 2a, Sidings Court, Doncaster, United Kingdom, DN4 5NU.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

These financial statements have been drawn up on the going concern basis. If the going concern basis were not appropriate, adjustments would have been made to reduce assets to recoverable amounts, to provide for any further liabilities that might arise, and to re-classify fixed assets as current assets and long term liabilities as current liabilities.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT.

Revenue from the provision of services is recognised by reference to the stage of completion, when the costs incurred and costs to complete can be estimated reliably.

1.4
Intangible fixed assets other than goodwill

Expenditure on internally developed products is capitalised if it can be demonstrated that:

- it is technically feasible to develop the product for it to be sold

- adequate resources are available to complete the development

- there is an intention to complete and sell the product

- the Company is able to sell the product

- sale of the product will generate future economic benefits, and

- expenditure on the project can be measured reliably.

 

Capitalised development costs are amortised over the periods the Company expects to benefit from selling the products developed. The amortisation expense is included within the administrative expenses line in the statement of comprehensive income. Development expenditure not satisfying the above criteria and expenditure on the research phase of internal projects are recognised in the statement of comprehensive income as incurred.

Development costs
3 Years

Development costs relate to the development of computer software which will generate revenue and profits in the future. Whilst the software will continue to be upgraded and improved, the directors are of the opinion that the initial investment should be amortised evenly over a period of three years, following the successful implementation of the software.

1.5
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

AUTOMATED ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
1
Accounting policies
(Continued)
- 5 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Leasehold improvements
10% on cost
Fixtures and fittings
20% on reducing balance
Computer equipment
25% on reducing balance
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

1.8
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.9
Leases

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

AUTOMATED ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 6 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
25
36
3
Intangible fixed assets
Development costs
£
Cost
At 1 July 2023
1,050,599
Additions - internally developed
1,146,790
At 30 June 2024
2,197,389
Amortisation and impairment
At 1 July 2023
223,673
Amortisation charged for the year
475,663
At 30 June 2024
699,336
Carrying amount
At 30 June 2024
1,498,053
At 30 June 2023
826,926
AUTOMATED ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 7 -
4
Tangible fixed assets
Leasehold improvements
Fixtures and fittings
Computer equipment
Total
£
£
£
£
Cost
At 1 July 2023
44,510
32,261
184,381
261,152
Additions
-
0
-
0
6,701
6,701
At 30 June 2024
44,510
32,261
191,082
267,853
Depreciation and impairment
At 1 July 2023
1,816
18,515
127,779
148,110
Depreciation charged in the year
908
2,750
15,832
19,490
At 30 June 2024
2,724
21,265
143,611
167,600
Carrying amount
At 30 June 2024
41,786
10,996
47,471
100,253
At 30 June 2023
42,694
13,746
56,602
113,042
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
603,382
1,048,291
Other debtors
980,308
553,350
1,583,690
1,601,641
6
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
78,820
40,000
Trade creditors
1,140,681
831,905
Taxation and social security
579,622
322,566
Other creditors
405,891
90,547
2,205,014
1,285,018
7
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
27,382
85,040
AUTOMATED ANALYTICS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2024
- 8 -
8
Secured debts
The following secured debts are included within creditors:
2024
2023
£
£
Bank overdrafts
31,026
-
0
Bank loans
75,176
125,040
106,202
125,040
Bank loans are secured by way of a government-backed guarantee.
9
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
251,069
21,146
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of 1p each
9,158
9,158
92
92
Ordinary B of 1p each
1,368
1,368
14
14
Ordinary C1 of 1p each
2,234
2,234
22
22
Ordinary C2 of 1p each
498
498
5
5
13,258
13,258
133
133
11
Ultimate controlling party

The ultimate controlling party is Mr M E Taylor.

2024-06-302023-07-01false13 November 2024CCH SoftwareCCH Accounts Production 2024.210No description of principal activityMr M E TaylorMr W R JamesMr D Kempfalsefalse088038242023-07-012024-06-3008803824bus:Director12023-07-012024-06-3008803824bus:Director22023-07-012024-06-3008803824bus:Director32023-07-012024-06-3008803824bus:RegisteredOffice2023-07-012024-06-3008803824bus:Agent12023-07-012024-06-30088038242024-06-30088038242023-06-3008803824core:ComputerSoftware2024-06-3008803824core:ComputerSoftware2023-06-3008803824core:LeaseholdImprovements2024-06-3008803824core:FurnitureFittings2024-06-3008803824core:ComputerEquipment2024-06-3008803824core:LeaseholdImprovements2023-06-3008803824core:FurnitureFittings2023-06-3008803824core:ComputerEquipment2023-06-3008803824core:CurrentFinancialInstrumentscore:WithinOneYear2024-06-3008803824core:CurrentFinancialInstrumentscore:WithinOneYear2023-06-3008803824core:Non-currentFinancialInstrumentscore:AfterOneYear2024-06-3008803824core:Non-currentFinancialInstrumentscore:AfterOneYear2023-06-3008803824core:CurrentFinancialInstruments2024-06-3008803824core:CurrentFinancialInstruments2023-06-3008803824core:ShareCapital2024-06-3008803824core:ShareCapital2023-06-3008803824core:SharePremium2024-06-3008803824core:SharePremium2023-06-3008803824core:RetainedEarningsAccumulatedLosses2024-06-3008803824core:RetainedEarningsAccumulatedLosses2023-06-3008803824core:ShareCapitalOrdinaryShares2024-06-3008803824core:ShareCapitalOrdinaryShares2023-06-3008803824core:ComputerSoftware2023-07-012024-06-3008803824core:LeaseholdImprovements2023-07-012024-06-3008803824core:FurnitureFittings2023-07-012024-06-3008803824core:ComputerEquipment2023-07-012024-06-30088038242022-07-012023-06-3008803824core:ComputerSoftware2023-06-3008803824core:ComputerSoftwarecore:InternallyGeneratedIntangibleAssets2023-07-012024-06-3008803824core:LeaseholdImprovements2023-06-3008803824core:FurnitureFittings2023-06-3008803824core:ComputerEquipment2023-06-30088038242023-06-3008803824core:WithinOneYear2024-06-3008803824core:WithinOneYear2023-06-3008803824core:Non-currentFinancialInstruments2024-06-3008803824core:Non-currentFinancialInstruments2023-06-3008803824bus:PrivateLimitedCompanyLtd2023-07-012024-06-3008803824bus:SmallCompaniesRegimeForAccounts2023-07-012024-06-3008803824bus:FRS1022023-07-012024-06-3008803824bus:AuditExemptWithAccountantsReport2023-07-012024-06-3008803824bus:FullAccounts2023-07-012024-06-30xbrli:purexbrli:sharesiso4217:GBP