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Registered number: 12534439
Mitigate Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 March 2025
Kingsley Accountancy
31-33 London Street
Andover
SP10 2NU
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 12534439
2025 2024
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 410,907 419,650
410,907 419,650
CURRENT ASSETS
Cash at bank and in hand - 76,156
- 76,156
Creditors: Amounts Falling Due Within One Year (430,320 ) -
NET CURRENT ASSETS (LIABILITIES) (430,320 ) 76,156
TOTAL ASSETS LESS CURRENT LIABILITIES (19,413 ) 495,806
Creditors: Amounts Falling Due After More Than One Year - (510,000 )
NET LIABILITIES (19,413 ) (14,194 )
CAPITAL AND RESERVES
Called up share capital 5 110,000 110,000
Profit and Loss Account (129,413 ) (124,194 )
SHAREHOLDERS' FUNDS (19,413) (14,194)
Page 1
Page 2
For the year ending 31 March 2025 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 director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 March 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr. T Kingsley
Director
11th April 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Mitigate Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12534439 . The registered office is Office G:25, Mountbatten House, Grosvenor Square, Southampton, SO15 2JU.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Intellectual Property
Intellectual property assets are software amortised to the profit and loss account over its estimated economic life of 5 years.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 1)
2 1
4. Intangible Assets
Total
£
Cost
As at 1 April 2024 419,650
As at 31 March 2025 419,650
...CONTINUED
Page 3
Page 4
Amortisation
As at 1 April 2024 -
Provided during the period 8,743
As at 31 March 2025 8,743
Net Book Value
As at 31 March 2025 410,907
As at 1 April 2024 419,650
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 110,000 110,000
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