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)

The directors have prepared cash flow forecasts covering a period of at least 12 months from the date of approval of these financial statements. Notwithstanding the loss for the year, the directors have reviewed these forecasts and are satisfied that the company has adequate cash resources to continue trading and meet its liabilities as they fall due for at least 12 months from the date of approval of the financial statements. Additionally, the company has maintained a net asset position and have good cash reserves. Accordingly, the directors continue to adopt the going concern basis of accounting in preparing these financial statements.

Turnover represents the total amount of revenue recognized by the company for the provision of its SaaS solutions, including related services such as development, training, maintenance, and support. Turnover is measured at the fair value of the consideration received or receivable, excluding VAT, discounts, and other sales taxes.
Revenue from subscription-based software services is recognised evenly over the period of the service contract. Where services are invoiced in advance, the income is deferred and recognised as turnover over the period to which it relates.

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.


Defined contribution pension plan


The company operates a defined contribution pension plan for the benefit of its employees. Contributions are recognised as expenses as they become payable. Differences between contributions payable in the year and those actually paid are recognised as either prepayments or accruals in the balance sheet. The assets of the defined contribution pension scheme are held separately from those of the company in an independently administered fund.


Employee benefits


Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Research and development expenditure is charged to the profit and loss account in the period in which it is incurred.

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included to the profit and loss account.

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Asset class		Straight line (years) £
Plant and machinery		3
Computer Equipment		3

Trade and other 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.


Trade and other 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.

The company has elected to apply the provisions of Section 11 Basic Financial Instruments and Section 12 Other Financial Instruments Issues of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.