Company Registration No. 07757334 (England and Wales)
Danger Farms Software Limited
Unaudited accounts
for the year ended 31 August 2024
Danger Farms Software Limited
Unaudited accounts
Contents
Danger Farms Software Limited
Company Information
for the year ended 31 August 2024
Company Number
07757334 (England and Wales)
Registered Office
Unit 4
21 Wharf Street
London
SE8 3GG
England
Accountants
Sidgrove
86-90 Paul Street
London
EC2A 4NE
Danger Farms Software Limited
Statement of financial position
as at 31 August 2024
Intangible assets
22,000
4,400
Tangible assets
1,090
2,366
Cash at bank and in hand
58,109
1,376,780
Creditors: amounts falling due within one year
(76,435)
(109,333)
Net current assets
1,697,803
1,527,464
Total assets less current liabilities
1,720,893
1,534,230
Provisions for liabilities
Net assets
1,720,731
1,533,781
Called up share capital
1
1
Profit and loss account
1,720,730
1,533,780
Shareholders' funds
1,720,731
1,533,781
For the 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. 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 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 and authorised for issue on 27 May 2025 and were signed on its behalf by
Lewis Taylor
Director
Company Registration No. 07757334
Danger Farms Software Limited
Notes to the Accounts
for the year ended 31 August 2024
Danger Farms Software Limited is a private company, limited by shares, registered in England and Wales, registration number 07757334. The registered office is Unit 4, 21 Wharf Street, London, SE8 3GG, England.
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:
Computer equipment
Straight Line Over 3 Years
Intangible fixed assets are included at cost less accumulated amortisation. Intangible fixed assets include cryptocurrency deposits which have been revalued according to the trading market value as of the balance sheet date.
The prior year comparatives have been updated on the back of the finalisation of the R&D credit claim. Amendments have been made to the following accounts:
Creditors: amounts falling due within one year: £109,333 (previously: £74,484)
Profit and loss account: £1,533,780 (previously: £1,568,629)
Employee Ownership Trust (EOT)
During the year, the company provided a loan to an Employee Ownership Trust (EOT) to facilitate the acquisition of shares in the company for the benefit of its employees.
Danger Farms Software Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Intangible fixed assets
Other
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
78,380
241,653
Accrued income and prepayments
-
5,993
Other debtors
7,749
12,371
Amounts falling due after more than one year
Danger Farms Software Limited
Notes to the Accounts
for the year ended 31 August 2024
7
Creditors: amounts falling due within one year
2024
2023
Trade creditors
54,678
19,026
Taxes and social security
7,118
82,570
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan repayable on demand
(1,018)
9,781
-
8,763
At the balance sheet date, £8,763 (2023: £1,018) was owed from the director. The total balance is unsecured, interest-free, and repayable on demand.
9
Average number of employees
During the year the average number of employees was 3 (2023: 5).