Company Registration No. 12171849 (England and Wales)
Extend Robotics Limited
Unaudited accounts
for the year ended 31 December 2024
Extend Robotics Limited
Unaudited accounts
Contents
Extend Robotics Limited
Company Information
for the year ended 31 December 2024
Directors
C Liu
D J Keen
Z Yang
Company Number
12171849 (England and Wales)
Registered Office
71-75 SHELTON STREET
COVENT GARDEN
LONDON
WC2H 9JQ
UNITED KINGDOM
Accountants
Multiply Accountancy Limited
71-75 Shelton Street
London
WC2H 9JQ
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Extend Robotics Limited for the year ended 31 December 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Extend Robotics Limited for the year ended
31 December 2024 as set out on pages
5 -
8 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 icaew.com/membershandbook.
This report is made solely to the Board of Directors of Extend Robotics Limited, as a body, in accordance with the terms of our engagement letter dated 4 July 2022. Our work has been undertaken solely to prepare for your approval the accounts of Extend Robotics Limited and state those matters that we have agreed to state to the Board of Directors of Extend Robotics Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Extend Robotics Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Extend Robotics Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Extend Robotics Limited. You consider that Extend Robotics 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 accounts of Extend Robotics 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 accounts.
Multiply Accountancy Limited
Chartered Accountants
71-75 Shelton Street
London
WC2H 9JQ
1 April 2025
Extend Robotics Limited
Statement of financial position
as at 31 December 2024
Intangible assets
403,993
207,510
Tangible assets
4,395
6,191
Cash at bank and in hand
91,333
19,772
Creditors: amounts falling due within one year
(587,633)
(110,949)
Net current liabilities
(303,090)
(17,135)
Net assets
105,298
196,566
Called up share capital
1,673
1,673
Share premium
572,884
572,884
Profit and loss account
(469,259)
(377,991)
Shareholders' funds
105,298
196,566
For the year ending 31 December 2024 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 directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 April 2025 and were signed on its behalf by
C Liu
Director
Company Registration No. 12171849
Extend Robotics Limited
Notes to the Accounts
for the year ended 31 December 2024
Extend Robotics Limited is a private company, limited by shares, registered in England and Wales, registration number 12171849. The registered office is 71-75 SHELTON STREET, COVENT GARDEN, LONDON, WC2H 9JQ, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
33.3% reducing balance
Computer equipment
33.3% reducing balance
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Capitalised R & D costs are amortised over 5 years straight line.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Extend Robotics Limited
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Other
At 31 December 2024
606,076
Charge for the year
121,215
At 31 December 2024
202,083
At 31 December 2024
403,993
At 31 December 2023
207,510
5
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2024
11,364
1,708
13,072
At 31 December 2024
14,076
2,160
16,236
At 1 January 2024
6,135
746
6,881
Charge for the year
4,296
664
4,960
At 31 December 2024
10,431
1,410
11,841
At 31 December 2024
3,645
750
4,395
At 31 December 2023
5,229
962
6,191
Amounts falling due within one year
Trade debtors
82,864
32,447
Accrued income and prepayments
4,661
5,959
Other debtors
101,277
35,636
Extend Robotics Limited
Notes to the Accounts
for the year ended 31 December 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
44,928
44,397
Taxes and social security
12,026
21,558
Other creditors
501,644
294
Loans from directors
29,035
29,269
8
Average number of employees
During the year the average number of employees was 9 (2023: 11).