Silverfin false false 31/08/2024 01/09/2023 31/08/2024 Mr C J Hunt 27/05/2025 01/12/2020 Mr A J Husband 28/08/2015 Mr C E Weavill 28/08/2015 28 May 2025 The principal activity of the company is the identification of context within organisations digital data through the use of Machine Learning and Natural Language Processing algorithms. The technology aggregates unstructured text into one feature-rich dashboard or report that allows for detailed analysis and tracking. Through this activity organisations can easily monitor, evaluate and drive change across their organisation, products or services. 09753777 2024-08-31 09753777 bus:Director1 2024-08-31 09753777 bus:Director2 2024-08-31 09753777 bus:Director3 2024-08-31 09753777 2023-08-31 09753777 core:CurrentFinancialInstruments 2024-08-31 09753777 core:CurrentFinancialInstruments 2023-08-31 09753777 core:ShareCapital 2024-08-31 09753777 core:ShareCapital 2023-08-31 09753777 core:SharePremium 2024-08-31 09753777 core:SharePremium 2023-08-31 09753777 core:CapitalRedemptionReserve 2024-08-31 09753777 core:CapitalRedemptionReserve 2023-08-31 09753777 core:RetainedEarningsAccumulatedLosses 2024-08-31 09753777 core:RetainedEarningsAccumulatedLosses 2023-08-31 09753777 core:FurnitureFittings 2023-08-31 09753777 core:ComputerEquipment 2023-08-31 09753777 core:FurnitureFittings 2024-08-31 09753777 core:ComputerEquipment 2024-08-31 09753777 bus:OrdinaryShareClass1 2024-08-31 09753777 2023-09-01 2024-08-31 09753777 bus:FilletedAccounts 2023-09-01 2024-08-31 09753777 bus:SmallEntities 2023-09-01 2024-08-31 09753777 bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 09753777 bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 09753777 bus:Director1 2023-09-01 2024-08-31 09753777 bus:Director2 2023-09-01 2024-08-31 09753777 bus:Director3 2023-09-01 2024-08-31 09753777 core:FurnitureFittings core:TopRangeValue 2023-09-01 2024-08-31 09753777 core:ComputerEquipment core:TopRangeValue 2023-09-01 2024-08-31 09753777 2022-09-01 2023-08-31 09753777 core:FurnitureFittings 2023-09-01 2024-08-31 09753777 core:ComputerEquipment 2023-09-01 2024-08-31 09753777 bus:OrdinaryShareClass1 2023-09-01 2024-08-31 09753777 bus:OrdinaryShareClass1 2022-09-01 2023-08-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09753777 (England and Wales)

HERTZIAN LTD

Unaudited Financial Statements
For the financial year ended 31 August 2024
Pages for filing with the registrar

HERTZIAN LTD

Unaudited Financial Statements

For the financial year ended 31 August 2024

Contents

HERTZIAN LTD

BALANCE SHEET

As at 31 August 2024
HERTZIAN LTD

BALANCE SHEET (continued)

As at 31 August 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 11,763 8,758
11,763 8,758
Current assets
Debtors 4 122,498 35,391
Cash at bank and in hand 112,461 179,939
234,959 215,330
Creditors: amounts falling due within one year 5 ( 29,947) ( 27,110)
Net current assets 205,012 188,220
Total assets less current liabilities 216,775 196,978
Net assets 216,775 196,978
Capital and reserves
Called-up share capital 6 9 9
Share premium account 196,142 196,142
Capital redemption reserve 2 2
Profit and loss account 20,622 825
Total shareholders' funds 216,775 196,978

For the financial 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.

Directors' responsibilities:

The financial statements of Hertzian Ltd (registered number: 09753777) were approved and authorised for issue by the Board of Directors on 28 May 2025. They were signed on its behalf by:

Mr C E Weavill
Director
HERTZIAN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
HERTZIAN LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 August 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Hertzian Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Health And Wellbeing Innovation Centre, Treliske, Truro, TR1 3FF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line basis over its expected useful life, as follows:

Fixtures and fittings 4 years straight line
Computer equipment 3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Non-financial assets
At each balance sheet date, the company reviews its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss.

If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Equity instruments
Equity instruments issued by the Company are recorded at the fair value of cash or other resources received or receivable, net of direct issue costs. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the Company.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 15 11

3. Tangible assets

Fixtures and fittings Computer equipment Total
£ £ £
Cost
At 01 September 2023 3,747 22,949 26,696
Additions 371 10,870 11,241
Disposals 0 ( 3,919) ( 3,919)
At 31 August 2024 4,118 29,900 34,018
Accumulated depreciation
At 01 September 2023 1,993 15,945 17,938
Charge for the financial year 607 7,355 7,962
Disposals 0 ( 3,645) ( 3,645)
At 31 August 2024 2,600 19,655 22,255
Net book value
At 31 August 2024 1,518 10,245 11,763
At 31 August 2023 1,754 7,004 8,758

4. Debtors

2024 2023
£ £
Trade debtors 46,250 30,668
Corporation tax 69,346 0
Other debtors 6,902 4,723
122,498 35,391

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 16,955 13,457
Other taxation and social security 8,504 9,063
Other creditors 4,488 4,590
29,947 27,110

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
924 Ordinary shares of £ 0.01 each 9 9

7. Related party transactions

Transactions with the entity's directors

2024 2023
£ £
Balance outstanding brought forward 33 0
Amounts advanced 0 33
Amounts repaid (33) 0
Balance outstanding at year end 0 33

No interest is charged on this loan and it is repayable on demand.