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Registration number: 12470614

Camunda Ltd

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Camunda Ltd

Contents

Company Information

1

Statement of Directors' Responsibilities

2

Balance Sheet

3

Notes to the Financial Statements

4 to 9

 

Camunda Ltd

Company Information

Directors

J F Freund

A C Morgenroth

Registered office

Moorcrofts Llp Thames House, Mere Park
Dedmere Road
Marlow
England
SL7 1PB

Auditors

Rödl & Partner Limited
170 Edmund Street
Birmingham
B3 2HB

 

Camunda Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

Camunda Ltd

(Registration number: 12470614)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

50,410

31,914

Current assets

 

Debtors

5

1,389,627

1,713,650

Cash at bank and in hand

 

2,216,557

1,465,371

 

3,606,184

3,179,021

Creditors: Amounts falling due within one year

6

(3,439,937)

(3,091,963)

Net current assets

 

166,247

87,058

Total assets less current liabilities

 

216,657

118,972

Creditors: Amounts falling due after more than one year

6

(12,368)

(19,506)

Deferred tax liability

(2,376)

-

Net assets

 

201,913

99,466

Capital and reserves

 

Called up share capital

7

300,100

300,100

Share-based payment reserve

1,001,590

969,080

Retained earnings

(1,099,777)

(1,169,714)

Shareholders' funds

 

201,913

99,466

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 25 April 2025 and signed on its behalf by:
 

.........................................
A C Morgenroth
Director

 

Camunda Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Moorcrofts Llp Thames House, Mere Park
Dedmere Road
Marlow
England
SL7 1PB

These financial statements were authorised for issue by the Board on 25 April 2025.

Principal activity

The principal activity of the company is software publishing.

2

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 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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 presentational currency used to prepare the financial statements is Sterling (£) and amounts have been rounded to the nearest £1.

Summary of disclosure exemptions

In these financial statements, the company is considered to be a qualifying entity (for the purposes of this FRS) and has applied the exemptions available under FRS 102 in respect of the following disclosures:

- The requirements of Section 33 related party disclosures.

Disclosure of long or short period

The financial statements for the year ended 31 December 2024 cover a 12-month period, whereas the comparative figures relate to a 10-month period ended 31 December 2023. The company made a decision to shorten its accounting period to align with the group year-end in the previous year. Due to the change in the length of the reporting period, the comparative figures presented in the financial statements are not entirely comparable with the current year's figures.

Going concern

The financial statements have been prepared on going concern basis.

 

Camunda Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
• the amount of revenue can be reliably measured;
• it is probable that future economic benefits will flow to the entity; and
• specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

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 in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Computer equipment

33% straight line

Low value asset

100% in first year

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Camunda Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Share-based payments - equity settled

Equity-settled share-based payments are measured at fair value at the date of grant by reference to the fair value of the equity instruments granted using the Black-Scholes pricing model. The cost of share-based payment transactions is recognised in the Profit and Loss Account, together with a corresponding increase in equity over the period in which the service conditions are fulfilled (the vesting period), ending on the date on which the relevant employees become fully entitled to the award (the vesting date). When the terms and conditions of equity-settled share-based payments at the time they were granted are subsequently modified, the fair value of the share-based payment under the original terms and conditions and under the modified terms and conditions are both determined at the date of the modification. Any excess of the modified fair value over the original fair value is recognised over the remaining vesting period in addition to the grant date fair value of the original share-based payment. The share-based payment expense is not adjusted if the modified fair value is less than the original fair value.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 34 (2023 - 18).

 

Camunda Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Computer Equipment
 £

Low Value Asset
 £

Total
£

Cost or valuation

At 1 January 2024

63,483

1,980

65,463

Additions

43,139

-

43,139

Disposals

(14,015)

-

(14,015)

At 31 December 2024

92,607

1,980

94,587

Depreciation

At 1 January 2024

31,569

1,980

33,549

Charge for the year

24,643

-

24,643

Eliminated on disposal

(14,015)

-

(14,015)

At 31 December 2024

42,197

1,980

44,177

Carrying amount

At 31 December 2024

50,410

-

50,410

At 31 December 2023

31,914

-

31,914

5

Debtors

Current

2024
£

2023
£

Trade debtors

675,415

1,678,753

Amounts owed by related parties

682,192

-

Other debtors

32,020

34,897

 

1,389,627

1,713,650

 

Camunda Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

256,640

150,656

Taxation and social security

268,536

415,628

Accruals and deferred income

2,861,928

2,229,828

Other creditors

52,833

295,851

3,439,937

3,091,963

Included within other creditors is an amount due to the parent company of £nil (2023: £295,319) at the balance sheet date, of which both J F Freund and A C Morgenroth are managing directors.

Creditors: amounts falling due after more than one year

2024
£

2023
£

Due after one year

Deferred income

12,368

19,506

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

300,100

300,100

300,100

300,100

       

8

Parent and ultimate parent undertaking

The company's immediate parent is Camunda Services GmbH, incorporated in Germany.

The parent of the largest and smallest group in which these financial statements are consolidated is Camunda Services GmbH.

The address of Camunda Services GmbH is:
55 Zossener Straße, Berlin 10961.

 

Camunda Ltd

Notes to the Financial Statements for the Year Ended 31 December 2024

9

Auditor's information

As the income statement has been omitted from the filing copy of the financial statements the following information in relation to the audit report on the statutory financial statements is provided in accordance with s444(5B) of the Companies Act 2006.

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 25 April 2025 was Imran Farooq, who signed for and on behalf of Rödl & Partner Limited.