|
Registered number: 11803541
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
Financial statements
Information for filing with the registrar
31 December 2024
|
|
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Balance sheet
At 31 December 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
Total assets less current liabilities
|
|
|
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Balance sheet (continued)
At 31 December 2024
The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.
The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 28 July 2025.
Registered number: 11803541
The notes on pages 3 to 8 form part of these financial statements.
2
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Notes to the financial statements
Year ended 31 December 2024
GoDefend Limited ('the company'), formerly Melius Cyber Consultancy Ltd, is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The registered office is Hadrian House, Beaminster Way East, Newcastle upon Tyne, NE3 2ER.
2.Accounting policies
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
At the balance sheet date the company had excess liabilities over assets. Having made due and careful enquiry the directors are of the opinion that the company, with the support of its shareholders, has adequate working capital to execute its operations over the next 12 months and continue in operational existence for the foreseeable future. As a result, the directors have continued to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.
3
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Notes to the financial statements
Year ended 31 December 2024
2.Accounting policies (continued)
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the statement of comprehensive income over its useful economic life, which is deemed to be 20 years.
Research and development
In the research phase of an internal project, it is not possible to demonstrate that the project will generate future economic benefits, and hence all expenditure on research is recognised as an expense when incurred.
Intangible assets are recognised from the development phase of a project when all of the following criteria are met:
∙it is technically feasible to complete the project so that it will be available for use;
∙management intends to complete the project;
∙there is an ability to use or sell the asset;
∙it can be demonstrated how the asset will generate probable future economic benefits;
∙adequate, technical, financial and other resources to complete the project are available; and
∙the expenditure attributable to the product during its development can be reliably measured.
Amortisation of capitalised development costs will begin when the asset is available for use.
If it is not possible to distinguish between the research and development phases of an internal project, the expenditure is treated as if it were incurred in the research phase only.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
4
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Notes to the financial statements
Year ended 31 December 2024
2.Accounting policies (continued)
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
|
|
The average monthly number of employees, including directors, during the year was 12 (2023: 10)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 January 2024 (as restated)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 31 December 2023 (as restated)
|
|
|
|
5
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Notes to the financial statements
Year ended 31 December 2024
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Prepayments and accrued income
|
|
|
|
|
|
|
|
|
|
|
|
|
6
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Notes to the financial statements
Year ended 31 December 2024
|
|
Creditors: amounts falling due within one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Payments received on account
|
|
|
|
|
|
|
|
|
|
Other taxation and social security
|
|
|
|
|
|
|
|
|
|
Accruals and deferred income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
There exists a fixed and floating charge over the company's assets in relation to "other loans".
|
|
|
Creditors: amounts falling due after more than one year
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
There exists a fixed and floating charge over the company's assets in relation to "other loans".
|
|
|
|
Allotted, called up and fully paid
|
|
|
|
|
|
|
|
|
|
|
|
Nil (2023 - 10,000) Ordinary shares of £0.0100 each
|
|
|
|
|
|
1,000,000 (2023 - nil) Ordinary shares of £0.0001 each
|
|
|
|
|
|
532,482 (2023 - nil) A shares of £0.0001 each
|
|
|
|
|
|
81,100 (2023 - nil) B shares of £0.0001 each
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Allotted, called up and partly paid
|
|
|
|
|
|
|
|
|
|
|
|
Nil (2023 - 811) B shares of £0.0100 each
|
|
|
7
|
|
|
|
|
GoDefend Limited (formerly Melius Cyber Consultancy Limited)
|
Notes to the financial statements
Year ended 31 December 2024
9.Share capital (continued)
During the year the company actioned a sub-division of its ordinary shares and its B shares. The B shares do not hold voting rights or rights to receive dividends, they do however have rights to receive surplus assets upon liquidation or proceeds subsequent to a sale to the extend that such amounts exceed the B share hurdle value. The B shares are not redeemable.
During the year the company issued 532,482 new A shares for a consideration of £350,000. The A shares hold voting rights of 1 vote per share, and full dividend rights. They also hold the preferential right to capital and sale proceeds subsequent to a sale.
During the year, the directors determined that capitalising qualifying development expenditure provides a more appropriate presentation in accordance with FRS 102 Section 18 Intangible Assets other than Goodwill.
Previously, development expenditure was expensed to the profit and loss account as incurred. Under the revised policy, development costs that meet the recognition criteria are capitalised.
A prior year adjustment has been made to reflect the capitalisation of qualifying costs that were previously expensed.
8
|