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Registration number: 11996161

Simanalytica Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

Simanalytica Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Simanalytica Limited

Company Information

Directors

Dr Robert Harwood

Ms Helen Patricia Gilder

Mr William James Schaffer

Mr James Marshall Hadley

Mr Daniele Benedict Montagnani

Registered office

Nexus
Discovery Way
Leeds
West Yorkshire
LS2 3AA

Accountants

Thorntons Accounting Limited
Chartered Certified Accountants
176-178 Pontefract Road
Cudworth
Barnsley
South Yorkshire
S72 8BE

 

Simanalytica Limited

(Registration number: 11996161)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Intangible assets

4

41,990

38,424

Tangible assets

5

2,097

4,005

Investments

6

1

1

 

44,088

42,430

Current assets

 

Debtors

7

360,576

412,083

Cash at bank and in hand

 

1,544,394

1,933,445

 

1,904,970

2,345,528

Creditors: Amounts falling due within one year

8

(314,108)

(130,405)

Net current assets

 

1,590,862

2,215,123

Net assets

 

1,634,950

2,257,553

Capital and reserves

 

Called up share capital

9

76

76

Share premium reserve

5,483,021

5,483,021

Retained earnings

(3,848,147)

(3,225,544)

Shareholders' funds

 

1,634,950

2,257,553

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 24 March 2025 and signed on its behalf by:
 

 

Simanalytica Limited

(Registration number: 11996161)
Balance Sheet as at 31 August 2024

.........................................
Ms Helen Patricia Gilder
Director

 

Simanalytica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The company was formerly known as Slingshot Simulations Ltd.

The address of its registered office is:
Nexus
Discovery Way
Leeds
West Yorkshire
LS2 3AA

These financial statements were authorised for issue by the Board on 24 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Tax

The tax expense for the period comprises current 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.

 

Simanalytica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

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.

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

Fixtures and fittings

33% straight line

Computer equipment

33% straight line

Leasehold Improvements

10% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Intellectual property

5% Straight line

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

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.

 

Simanalytica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or 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.

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.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 10 (2023 - 19).

 

Simanalytica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 September 2023

41,753

41,753

Additions acquired separately

5,951

5,951

At 31 August 2024

47,704

47,704

Amortisation

At 1 September 2023

3,329

3,329

Amortisation charge

2,385

2,385

At 31 August 2024

5,714

5,714

Carrying amount

At 31 August 2024

41,990

41,990

At 31 August 2023

38,424

38,424

5

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 September 2023

31,539

31,539

Additions

2,307

2,307

At 31 August 2024

33,846

33,846

Depreciation

At 1 September 2023

27,534

27,534

Charge for the year

4,215

4,215

At 31 August 2024

31,749

31,749

Carrying amount

At 31 August 2024

2,097

2,097

At 31 August 2023

4,005

4,005

 

Simanalytica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Included within the net book value of land and buildings above is £Nil (2023 - £Nil) in respect of short leasehold land and buildings.
 

6

Investments

2024
£

2023
£

Investments in subsidiaries

1

1

Subsidiaries

£

Cost or valuation

At 1 September 2023

1

Provision

Carrying amount

At 31 August 2024

1

At 31 August 2023

1

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Subsidiary undertakings

SimAnalytica Inc.

15 Briarwood Lane
Dover
New Hampshire
03820

USA

Ordinary

100%

100%

Subsidiary undertakings

SimAnalytica Inc.

The principal activity of SimAnalytica Inc. is that of research, product and experimental development.

 

Simanalytica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

7

Debtors

Note

2024
£

2023
£

Trade debtors

 

121,800

-

Amounts owed by group undertakings and undertakings in which the company has a participating interest

10

16,912

12,041

Prepayments

 

21,446

66,381

Other debtors

 

200,418

333,661

 

238,776

412,083

 

360,576

412,083

 

Simanalytica Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

12,180

35,161

Taxation and social security

62,684

20,786

Accruals and deferred income

232,457

67,555

Other creditors

6,787

6,903

314,108

130,405

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £0.00 each

82,980

8

82,980

8

Ordinary A shares of £0.00 each

75,000

8

75,000

8

Ordinary B shares of £0.00 each

17,020

2

17,020

2

Ordinary C Shares of £0.00 each

575,696

58

575,696

58

750,696

75

750,696

75

10

Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

2024
£

2023
£

Remuneration

108,173

195,574

Contributions paid to money purchase schemes

62,650

52,195

170,823

247,769