Registered number
15265799
Roadgauge Ltd
Filleted Accounts
30 November 2024
Roadgauge Ltd
Registered number: 15265799
Balance Sheet
as at 30 November 2024
Notes 2024
£
Fixed assets
Intangible assets 3 90
Current assets
Cash at bank and in hand 378
Creditors: amounts falling due within one year 4 (14,006)
Net current liabilities (13,628)
Net liabilities (13,538)
Capital and reserves
Called up share capital 100
Profit and loss account (13,638)
Shareholders' funds (13,538)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr S Mathavan
Director
Approved by the board on 7 August 2025
Roadgauge Ltd
Notes to the Accounts
for the period from 7 November 2023 to 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

The Company accounts for internally generated software development costs in accordance with the principles of FRS 102, Section 18 – Intangible Assets other than Goodwill.

Expenditure on research activities is expensed as incurred.

Development expenditure is capitalised only where all of the following conditions are met:
- The project is clearly defined, and the costs are separately identifiable and reliably measurable;

- The technical feasibility of completing the software for use or sale can be demonstrated;

- There is the intention and ability to complete and use or sell the software;

- It can be demonstrated that the software will generate probable future economic benefits;

- Adequate technical, financial, and other resources are available to complete the development;

- The expenditure attributable to the software during its development can be measured reliably.

Where these criteria are not met, development expenditure is recognised in profit or loss as incurred.

Capitalised software development costs are classified as intangible fixed assets and are amortised on a straight-line basis over their estimated useful life, which is typically 5 to 10 years from the date the asset is available for use.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Going concern
The directors have assessed the Company’s ability to continue as a going concern and have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future, being a period of at least 12 months from the date of approval of the financial statements.Accordingly, the financial statements have been prepared on a going concern basis.
Government Grants
Government grants are recognised when there is reasonable assurance that the conditions attached to the grant will be complied with and the grant will be received.

Grants related to capital expenditure, including development of intangible assets such as internally generated software, are initially recognised as deferred income and released to the profit and loss account on a systematic basis over the expected useful life of the related asset. This treatment ensures the grant income is matched with the depreciation or amortisation expense of the asset.

Grants related to revenue expenditure are recognised in the profit and loss account in the same period as the related costs are incurred, provided that the conditions for the grant have been met.

Where a grant becomes repayable, the repayment is recognised immediately in the profit and loss account as an adjustment to income.
2 Employees 2024
Number
Average number of persons employed by the company 0
3 Intangible fixed assets £
Goodwill:
Cost
Additions 100
At 30 November 2024 100
Amortisation
Provided during the period 10
At 30 November 2024 10
Net book value
At 30 November 2024 90
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Creditors: amounts falling due within one year 2024
£
Accruals 400
Other creditors 13,606
14,006
5 Other information
Roadgauge Ltd is a private company limited by shares and incorporated in England. Its registered office is:
10 Marlow Gardens
Hayes
Middlesex
UB3 1QZ
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