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Financial Statements |
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Contents |
Page |
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Strategic report |
1 |
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Director's report |
3 |
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Independent auditor's report to the members |
5 |
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Statement of comprehensive income |
9 |
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Statement of financial position |
10 |
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Statement of changes in equity |
11 |
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Statement of cash flows |
12 |
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Notes to the financial statements |
13 |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Director |
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Registered office: |
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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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269 Farnborough Road |
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Farnborough |
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Hampshire |
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GU14 7LY |
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Statement of Comprehensive Income |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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Gross profit |
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Administrative expenses |
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Operating profit |
5 |
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Other interest receivable and similar income |
8 |
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Interest payable and similar expenses |
9 |
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– |
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Profit before taxation |
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Tax on profit |
10 |
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Profit for the financial year and total comprehensive income |
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Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
11 |
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Debtors |
12 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
13 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Called up share capital |
15 |
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Share premium account |
16 |
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Other reserves, including the fair value reserve |
16 |
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Profit and loss account |
16 |
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Shareholders funds |
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Director |
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Statement of Changes in Equity |
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Called up share capital |
Share premium account |
Other reserves, including the fair value reserve |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
£ |
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At 1 January 2023 |
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Profit for the year |
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-------- |
--------- |
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------------ |
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Total comprehensive income for the year |
– |
– |
– |
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Equity-settled share-based payments |
– |
– |
(
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– |
(
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-------- |
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Total investments by and distributions to owners |
– |
– |
(
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– |
(
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At 31 December 2023 |
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Profit for the year |
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Total comprehensive income for the year |
– |
– |
– |
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Equity-settled share-based payments |
– |
– |
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– |
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---- |
---- |
-------- |
---- |
-------- |
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Total investments by and distributions to owners |
– |
– |
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– |
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-------- |
--------- |
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------------ |
------------ |
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At 31 December 2024 |
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-------- |
--------- |
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------------ |
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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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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
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– |
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Tax on profit |
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Accrued expenses/(income) |
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(
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Value of share options granted |
25,531 |
(45,111) |
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Changes in: |
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Trade and other debtors |
(
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(
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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 paid |
(
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(
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Net cash from operating activities |
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------------ |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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– |
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------------ |
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Net cash used in investing activities |
(
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(
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------------ |
------------ |
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Proceeds from loans from group undertakings |
(
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------------ |
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Net cash (used in)/from financing activities |
(
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
3,511,057 |
1,975,070 |
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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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Equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------ |
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2024 |
2023 |
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£ |
£ |
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United Kingdom |
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Overseas |
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------------ |
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------------ |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Foreign exchange differences |
(
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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 |
4 |
1 |
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Consultants |
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Sales and marketing |
4
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3
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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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– |
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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 expense |
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--------- |
--------- |
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Tax on profit |
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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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------------ |
------------ |
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Tax on profit |
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------------ |
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Equipment |
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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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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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Disposals |
(
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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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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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Amounts owed by group undertakings |
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Prepayments and accrued income |
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Amounts recoverable on long term contracts |
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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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Trade creditors |
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Amounts owed to group undertakings |
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Accruals and deferred income |
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Corporation tax |
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Social security and other taxes |
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------------ |
------------ |
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------------ |
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2024 |
2023 |
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No. |
£ |
No. |
£ |
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10,100 |
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10,100 |
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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 |
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1,154,015 |
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Debt due within one year |
(465,780) |
150,507 |
(315,273) |
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------------ |
------------ |
------------ |
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------------ |
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