Registration number:
Alertive Limited
for the Period from 1 January 2024 to 31 March 2025
Coates and Partners Limited
Chartered Accountants
The Old Vicarage
51 St John Street
Ashbourne
Derbyshire
DE6 1GP
Alertive Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Alertive Limited
Company Information
Directors |
Mr K A Douglas Mr G N Williams Mr R H Cunningham |
Company secretary |
Mr K A Douglas |
Registered office |
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Accountants |
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Alertive Limited
(Registration number: 03133149)
Balance Sheet as at 31 March 2025
Note |
31 March 2025 |
(As restated) |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Deferred Income |
(1,181,501) |
(669,457) |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Share premium reserve |
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Profit and loss account |
( |
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Total equity |
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For the financial period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Alertive Limited
(Registration number: 03133149)
Balance Sheet as at 31 March 2025 (continued)
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 and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland'.
These financial statements have been delivered to the Registrar of Companies in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account and directors' report has been taken.
Approved and authorised by the
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Alertive Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025
General information |
The company is a private company limited by share capital incorporated in England and Wales registration number: 03133149.
The address of its registered office is:
England
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 'The Financial Reporting Standard applicable in the UK and Republic of Ireland - Section 1A' and the Companies Act 2006.
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.
The presentation currency is £ sterling.
Group accounts not prepared
Going concern
The accounts have been prepared on the going concern basis. The directors have considered a number of factors including the current performance of the business, the retention of existing customers, the current pipeline of sales opportunities and ability to close new contracts, the necessary costs required to meet customer requirements and the requirement to raise further investment.
The directors are comfortable with adopting the Going Concern basis given their review of these and other factors.
Alertive Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)
2 |
Accounting policies (continued) |
Reclassification of comparative amounts
Revenue recognition
Turnover represents amounts chargeable, net of value added tax, in respect of the sale of goods and services to customers. Service income is recognised based on performance and licence income is recognised on a straight line basis over the term of the licence.
Contract revenue recognition
Income on contracts is recognised on the basis of the stage of contract completion achieved and to the extent that the company is confident that substantially no further material work will be required to be performed.
Local government grants
Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.
Foreign currency transactions and balances
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.
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.
Tax credits represent the recovery of research and development claims made during the year.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Land and buildings |
term of lease |
Plant and equipment |
25% straight line basis |
Alertive Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)
2 |
Accounting policies (continued) |
Research and development costs
Research expenditure is charged to the profit and loss account as incurred.
Development costs are capitalised and treated as intangible assets on the balance sheet, as the entity can demonstrate that all of the points in FRS 102 18.8H are met, and those costs are written off on a straight line basis over a period of 10 years, which is estimated to be the useful life of the development costs.
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 |
Development costs |
10 years straight line |
Investments
Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
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.
Defined contribution pension obligation
The company operates a defined contribution scheme for the benefit of its employees.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due.
Staff numbers |
The average number of persons employed by the company (including directors) during the period, was
Alertive Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)
Intangible assets |
Internally generated software development costs |
Total |
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Cost or valuation |
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At 1 January 2024 |
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Additions internally developed |
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At 31 March 2025 |
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Amortisation |
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At 1 January 2024 |
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Amortisation charge |
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At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 December 2023 |
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Alertive Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)
Tangible assets |
Office and computer equipment |
Total |
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Cost |
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At 1 January 2024 |
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Additions |
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Disposals |
( |
( |
At 31 March 2025 |
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Depreciation |
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At 1 January 2024 |
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Charge for the year |
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Eliminated on disposal |
( |
( |
At 31 March 2025 |
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Carrying amount |
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At 31 March 2025 |
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At 31 December 2023 |
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Alertive Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)
Investments |
2025 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
Cost |
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At 1 January 2024 |
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Carrying amount |
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At 31 March 2025 |
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At 31 December 2023 |
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Debtors |
Current |
2025 |
2023 |
Trade debtors |
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Prepayments |
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Other debtors |
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Other debtors include the R&D tax credit receivable of £206,008 (2023 - £237,587).
Financial commitments, guarantees and contingencies |
Amounts not provided for in the balance sheet
The total amount of financial commitments not included in the balance sheet is £
Amounts disclosed in the balance sheet
Included in the balance sheet are contingencies of £92,097 (2023 - £92,097).
Alertive Limited
Notes to the Unaudited Financial Statements for the Period from 1 January 2024 to 31 March 2025 (continued)
Creditors |
Creditors: amounts falling due within one year
31 March 2025 |
31 December 2023 |
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Due within one year |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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Creditors include government loans which are secured over the assets of the company of £323,014 (2023 - £572,774).
Creditors: amounts falling due after more than one year
2025 |
2023 |
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Due after one year |
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Convertible debt |
- |
1,299,658 |
Other creditors |
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54,442 |
1,354,100 |
The company has unsecured convertible loan notes due after more than one year amounting to £Nil (2023 - £1,299,658) in issue.