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Financial Statements |
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Contents |
Page |
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Officers and professional advisers |
1 |
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Strategic report |
2 |
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Directors' report |
5 |
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Directors' responsibilities statement |
7 |
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Independent auditor's report to the members |
8 |
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Statement of income and retained earnings |
13 |
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Statement of financial position |
14 |
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Statement of cash flows |
15 |
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Notes to the financial statements |
16 |
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Officers and Professional Advisers |
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The board of directors |
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Company secretary |
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Registered office |
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United Kingdom |
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Auditor |
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Chartered accountants & statutory auditor |
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5 Godalming Business Centre |
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Woolsack Way |
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Godalming |
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Surrey |
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United Kingdom |
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GU7 1XW |
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Strategic Report |
| 2024 | 2023 | ||
| £ | £ | ||
| Turnover | 12,037,554 | 9,826,048 | |
| Profit before tax | 1,170,417 | 208,072 | |
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Director |
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Registered office: |
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United Kingdom |
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Directors' Report |
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(Appointed
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(Appointed
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(Appointed
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(Resigned
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(Served from 1 February 2024 to 12 July 2024) |
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Director |
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Registered office: |
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United Kingdom |
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Directors' Responsibilities Statement |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered accountants & statutory auditor |
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5 Godalming Business Centre |
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Woolsack Way |
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Godalming |
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Surrey |
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United Kingdom |
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GU7 1XW |
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Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Gross profit |
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Administrative expenses |
(
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(
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Other operating income |
5 |
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– |
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Operating profit |
6 |
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Other interest receivable and similar income |
10 |
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Interest payable and similar expenses |
11 |
(
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(
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Profit before taxation |
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Tax on profit |
12 |
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Profit for the financial year and total comprehensive income |
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Retained earnings at the start of the year |
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Retained earnings at the end of the year |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
£ |
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Intangible assets |
13 |
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Tangible assets |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
16 |
(
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(
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Net current liabilities |
(
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(
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
17 |
(
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(
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Net assets |
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Called up share capital |
19 |
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Profit and loss account |
20 |
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Shareholders funds |
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Director |
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Statement of Cash Flows |
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2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Amortisation of intangible assets |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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Tax on profit |
(
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(
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Changes in: |
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Trade and other debtors |
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Trade and other creditors |
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
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Tax received |
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Net cash from operating activities |
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Purchase of tangible assets |
(
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(
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Purchase of intangible assets |
(
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(
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Net cash used in investing activities |
(
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(
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Repayments of borrowings |
(
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(
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Net cash used in financing activities |
(
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(
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
1,013,388 |
741,074 |
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Cash and cash equivalents at end of year |
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Notes to the Financial Statements |
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Software Development |
- |
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Leasehold Improvements |
- |
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Fixtures & Fittings |
- |
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Computer Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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2024 |
2023 |
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£ |
£ |
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Other operating income |
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– |
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------- |
---- |
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2024 |
2023 |
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£ |
£ |
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Amortisation of intangible assets |
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Depreciation of tangible assets |
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Operating leases |
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--------- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
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-------- |
-------- |
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2024 |
2023 |
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No. |
No. |
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Administrative staff |
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Management staff |
10 |
8 |
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---- |
---- |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Social security costs |
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Other pension costs |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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--------- |
--------- |
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2024 |
2023 |
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No. |
No. |
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Defined contribution plans |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Aggregate remuneration |
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Company contributions to defined contribution pension plans |
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--------- |
--------- |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on cash and cash equivalents |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Other interest payable and similar charges |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax income |
(
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(
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Adjustments in respect of prior periods |
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(
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--------- |
--------- |
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Total current tax |
(
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(
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--------- |
--------- |
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--------- |
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Tax on profit |
(
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(
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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------------ |
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Profit on ordinary activities by rate of tax |
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Effect of expenses not deductible for tax purposes |
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Effect of capital allowances and depreciation |
(
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(
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Impact of additional Research and development expenditure relief |
(
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(
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Difference in R&D surrendered vs claimed as refund |
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Adjustment in respect of prior year |
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(
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------------ |
--------- |
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Tax on profit |
(
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(
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------------ |
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Software Development |
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£ |
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Cost |
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At 1 January 2024 |
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Additions |
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------------ |
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At 31 December 2024 |
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Amortisation |
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At 1 January 2024 |
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Charge for the year |
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------------ |
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At 31 December 2024 |
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Carrying amount |
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At 31 December 2024 |
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------------ |
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At 31 December 2023 |
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Leasehold Improvements |
Fixtures and fittings |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 January 2024 |
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Additions |
– |
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Disposals |
– |
– |
(
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(
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--------- |
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At 31 December 2024 |
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--------- |
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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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--------- |
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At 31 December 2024 |
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--------- |
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Carrying amount |
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At 31 December 2024 |
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--------- |
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--------- |
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At 31 December 2023 |
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--------- |
--------- |
--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Trade debtors |
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Prepayments and accrued income |
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Corporation tax repayable |
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Other debtors |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Other debtors |
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-------- |
-------- |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Deferred Income |
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Accruals |
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Social security and other taxes |
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Other creditors |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Bank loans and overdrafts |
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--------- |
--------- |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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100,000 |
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100,000 |
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|
100,000 |
|
100,000 |
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|
100,000 |
|
100,000 |
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|
100,000 |
|
100,000 |
|
|
|
100,000 |
|
100,000 |
|
Ordinary F shares of £1 each |
100,000 |
100,000 |
100,000 |
100,000 |
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--------- |
--------- |
--------- |
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--------- |
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At 1 Jan 2024 |
Cash flows |
At 31 Dec 2024 |
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£ |
£ |
£ |
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Cash at bank and in hand |
|
1,338,442 |
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Debt due within one year |
(300,000) |
– |
(300,000) |
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Debt due after one year |
(450,000) |
300,000 |
(150,000) |
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------------ |
------------ |
------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Not later than 1 year |
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Later than 1 year and not later than 5 years |
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--------- |
------------ |
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