11 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,337,083 144,951 1,482,034 1,080,940 121,959 1,202,899 279,135 256,143 39,101 3,455 42,556 29,791 4,828 34,619 7,937 9,310 50,000 50,000 50,000 xbrli:pure xbrli:shares iso4217:GBP 04823119 2023-08-01 2024-07-31 04823119 2024-07-31 04823119 2023-07-31 04823119 2022-08-01 2023-07-31 04823119 2023-07-31 04823119 2022-07-31 04823119 bus:Director1 2023-08-01 2024-07-31 04823119 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 04823119 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2024-07-31 04823119 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-08-01 2024-07-31 04823119 core:WithinOneYear 2024-07-31 04823119 core:WithinOneYear 2023-07-31 04823119 core:ShareCapital 2024-07-31 04823119 core:ShareCapital 2023-07-31 04823119 core:SharePremium 2024-07-31 04823119 core:SharePremium 2023-07-31 04823119 core:CapitalRedemptionReserve 2024-07-31 04823119 core:CapitalRedemptionReserve 2023-07-31 04823119 core:RetainedEarningsAccumulatedLosses 2024-07-31 04823119 core:RetainedEarningsAccumulatedLosses 2023-07-31 04823119 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-07-31 04823119 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2024-07-31 04823119 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 04823119 core:Non-currentFinancialInstruments 2024-07-31 04823119 bus:SmallEntities 2023-08-01 2024-07-31 04823119 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 04823119 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 04823119 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 04823119 bus:FullAccounts 2023-08-01 2024-07-31 04823119 core:OfficeEquipment 2023-07-31 04823119 core:OfficeEquipment 2023-08-01 2024-07-31 04823119 core:OfficeEquipment 2024-07-31
COMPANY REGISTRATION NUMBER: 04823119
Comunis Limited
Filleted Unaudited Financial Statements
31 July 2024
Comunis Limited
Statement of Financial Position
31 July 2024
2024
2023
Note
£
£
Fixed assets
Intangible assets
4
279,135
256,143
Tangible assets
5
7,937
9,310
Investments
6
50,000
---------
---------
337,072
265,453
Current assets
Debtors
7
252,889
235,628
Cash at bank and in hand
909,937
951,158
------------
------------
1,162,826
1,186,786
Creditors: amounts falling due within one year
8
489,167
521,416
------------
------------
Net current assets
673,659
665,370
------------
---------
Total assets less current liabilities
1,010,731
930,823
------------
---------
Net assets
1,010,731
930,823
------------
---------
Capital and reserves
Called up share capital
152
152
Share premium account
344,310
344,310
Capital redemption reserve
4
4
Profit and loss account
666,265
586,357
------------
---------
Shareholders funds
1,010,731
930,823
------------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Comunis Limited
Statement of Financial Position (continued)
31 July 2024
These financial statements were approved by the board of directors and authorised for issue on 22 November 2024 , and are signed on behalf of the board by:
Mr N J Beale
Director
Company registration number: 04823119
Comunis Limited
Accounting Policies
Year ended 31 July 2024
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Revenue recognition
Turnover represents the value, net of Value Added Tax, of services provided to customers. Revenue of a license nature is recognised evenly over the period to which it relates. To the extent that revenue of a license nature relates to a period after the year end, the appropriate amount is shown in creditors as Other Creditors. Revenue derived from special projects, implementation and consultancy services is recognised in the period in which the services are provided.
Taxation
Current tax is recognised on taxable profit for the current and past periods. Credits received in respect of Research & Development Tax Credits are recognised in the period in which they are received.
Intangible assets
Development costs are capitalised to the extent that they fit the requirements of Statement of Standard Accounting Practice Number 13 (SSAP13). Costs are written off over the expected life of each specific module, commencing when the relevant module becomes operational. Expected useful lives vary between 24 and 60 months depending on the nature of the specific module.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development Costs
-
Over life of projects
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
The company is continually striving to enhance its products and to develop new products. Costs relating to these activities are written off in the year in which they are incurred, unless they meet the criteria set out under the heading of intangible assets.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Office Equipment
-
Over 2-3 years
Defined contribution plans
Contributions are made to defined contribution plans of employees in accordance with auto-enrolment regulations. Contributions are charged to the profit and loss account in the period to which they relate.
Comunis Limited
Notes to the Financial Statements
Year ended 31 July 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 85 Great Portland Street, 1st Floor, London, W1W 7LT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Employee numbers
The average number of persons employed by the company during the year amounted to 11 (2023: 11 ).
4. Intangible assets
Development costs
£
Cost
At 1 August 2023
1,337,083
Additions
144,951
------------
At 31 July 2024
1,482,034
------------
Amortisation
At 1 August 2023
1,080,940
Charge for the year
121,959
------------
At 31 July 2024
1,202,899
------------
Carrying amount
At 31 July 2024
279,135
------------
At 31 July 2023
256,143
------------
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 August 2023
39,101
39,101
Additions
3,455
3,455
--------
--------
At 31 July 2024
42,556
42,556
--------
--------
Depreciation
At 1 August 2023
29,791
29,791
Charge for the year
4,828
4,828
--------
--------
At 31 July 2024
34,619
34,619
--------
--------
Carrying amount
At 31 July 2024
7,937
7,937
--------
--------
At 31 July 2023
9,310
9,310
--------
--------
6. Investments
Other investments other than loans
£
Cost
At 1 August 2023
Additions
50,000
--------
At 31 July 2024
50,000
--------
Impairment
At 1 August 2023 and 31 July 2024
--------
Carrying amount
At 31 July 2024
50,000
--------
At 31 July 2023
--------
7. Debtors
2024
2023
£
£
Trade debtors
240,330
226,650
Other debtors
12,559
8,978
---------
---------
252,889
235,628
---------
---------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
8,762
14,268
Corporation tax
2,223
Social security and other taxes
54,284
58,884
Other creditors
426,121
446,041
---------
---------
489,167
521,416
---------
---------