| Registered number |
| Registered number: | |||||||
| Balance Sheet | |||||||
| as at |
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| Notes | 2024 | ||||||
| £ | |||||||
| Fixed assets | |||||||
| Intangible assets | 3 | ||||||
| Current assets | |||||||
| Cash at bank and in hand | |||||||
| Creditors: amounts falling due within one year | 4 | ( |
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| Net current liabilities | ( |
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| Net liabilities | ( |
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| Capital and reserves | |||||||
| Called up share capital | |||||||
| Profit and loss account | ( |
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| Shareholders' funds | ( |
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| Dr S Mathavan | |||||||
| Director | |||||||
| Approved by the board on |
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| Notes to the Accounts | ||||||||
| for the period from 7 November 2023 to |
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| 1 | Accounting policies | |||||||
| Basis of preparation | ||||||||
| Turnover | ||||||||
| Intangible fixed assets | ||||||||
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. |
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| Tangible fixed assets | ||||||||
| Plant and machinery | over 5 years | |||||||
| Fixtures, fittings, tools and equipment | over 5 years | |||||||
| Debtors | ||||||||
| Creditors | ||||||||
| Taxation | ||||||||
| Going concern | ||||||||
| Government Grants | ||||||||
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. |
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| 2 | Employees | 2024 | ||||||
| Number | ||||||||
| Average number of persons employed by the company | ||||||||
| 3 | Intangible fixed assets | £ | ||||||
| Goodwill: | ||||||||
| Cost | ||||||||
| Additions | ||||||||
| At 30 November 2024 | ||||||||
| Amortisation | ||||||||
| Provided during the period | ||||||||
| At 30 November 2024 | ||||||||
| Net book value | ||||||||
| At 30 November 2024 | ||||||||
| 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 | ||||||||
| 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 | ||||||||