AUDEMIC LTD


Director	Joshua Mitcham


Registered Address	Salvus House
	Aykley Heads
	Durham
	DH1 5TS


Registered Number	13873777 (England and Wales)

Balance Sheet as at
31 January 2026

	Notes	2026		2025
		£	£	£	£
Fixed assets
Intangible assets	3		31,485		77,604
			31,485		77,604
Current assets
Debtors	4	17,314		322
Cash at bank and on hand		63,914		41,555
		81,228		41,877
Creditors amounts falling due within one year	5	(108,939)		(33,633)
Net current assets (liabilities)			(27,711)		8,244
Total assets less current liabilities			3,774		85,848
Net assets			3,774		85,848
Capital and reserves
Called up share capital			1,765		1,758
Share premium			602,317		592,724
Profit and loss account			(600,308)		(508,634)
Shareholders' funds			3,774		85,848

The company was entitled to exemption from audit for this reporting period under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The Director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 8 April 2026, and are signed on its behalf by:

Joshua Mitcham
Director
Registered Company No. 13873777

AUDEMIC LTD

Notes to the Financial Statements
for the year ended 31 January 2026

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	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).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Going concern
	After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

2.	Average number of employees


		2026		2025
	Average number of employees during the year	0		1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 February 25	120,225	120,225
Additions	4,562	4,562
Disposals	(15,855)	(15,855)
At 31 January 26	108,932	108,932
Amortisation and impairment
At 01 February 25	42,621	42,621
Charge for year	34,826	34,826
At 31 January 26	77,447	77,447
Net book value
At 31 January 26	31,485	31,485
At 31 January 25	77,604	77,604

4.	Debtors: amounts due within one year

	2026	2025
	£	£
Trade debtors / trade receivables	16,717	-
Other debtors	406	210
Prepayments and accrued income	191	112
Total	17,314	322

5.	Creditors: amounts due within one year

	2026	2025
	£	£
Trade creditors / trade payables	9,824	-
Other creditors	7,897	3,137
Accrued liabilities and deferred income	91,218	30,496
Total	108,939	33,633