Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

Andre Sincennes
Nicola Mann
Peter Dubock

The director shown below has held office during the period of
1 January 2022 to 30 September 2022

John Bone

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
15 September 2023

And signed on behalf of the board by:
Name: Andre Sincennes
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2022

	2022	2021
	£	£
Turnover:	5,626,483	6,093,943
Cost of sales:	( 5,111,809 )	( 5,645,949 )
Gross profit(or loss):	514,674	447,994
Administrative expenses:	( 472,662 )	( 353,762 )
Other operating income:	16,279	1,963,625
Operating profit(or loss):	58,291	2,057,857
Interest payable and similar charges:	( 21,080 )
Profit(or loss) before tax:	37,211	2,057,857
Tax:	( 96,614 )	141,343
Profit(or loss) for the financial year:	(59,403)	2,199,200

Balance sheet

As at 31 December 2022

	Notes	2022	2021
		£	£
Fixed assets
Intangible assets:	3	33,255	46,626
Tangible assets:	4	13,333	13,849
Total fixed assets:		46,588	60,475
Current assets
Debtors:	5	5,426,074	3,806,062
Cash at bank and in hand:		157,522	196,885
Total current assets:		5,583,596	4,002,947
Net current assets (liabilities):		5,583,596	4,002,947
Total assets less current liabilities:		5,630,184	4,063,422
Creditors: amounts falling due after more than one year:	6	( 2,615,306 )	( 989,141 )
Total net assets (liabilities):		3,014,878	3,074,281
Capital and reserves
Called up share capital:		2	2
Profit and loss account:		3,014,876	3,074,279
Total Shareholders' funds:		3,014,878	3,074,281

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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 directors acknowledge 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 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2022

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Revenue is measured at the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the company. The company bases its estimate of returns on historical results, taking into consideration the type of customer, the type of transaction and the specifics in each arrangement. The Company recognizes revenue when (a) the amount of revenue can be measured reliably; (b) it is certain that future economic benefits will flow to the entity; and (c) when the specific criteria relating to the each of the company's sales channels have been met.Sales of servicesRevenue is recognized in the accounting period in which the services are rendered when the outcome of contract can be estimated reliably. The company uses the percentage of completion method based on the actual service performed as a percentage of the total services to be provided.Deferred revenueWhere the consideration in cash or cash equivalents is deferred, and the arrangement constitutes a financing transaction, the fair value of the consideration is measured as the present value of all future receipts using the imputed rate of interest.

  Tangible fixed assets depreciation policy

  Tangible assets are stated in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.Depreciation is charged so as to write off the cost of assets over their estimated useful Iifes, as follows:Depreciation is provided on the following basis:Fixtures and fittings: 20 percent straight lineHardware: 20 percent straight line

  Intangible fixed assets amortisation policy

  Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.Software development costs are recognised as an intangible asset when all of the following criteria are demonstrated.The technical feasibility of completing the software so that it will be available for use or sale.The intention to complete the software and use or sell it.The ability to use the software or to sell it.How the software will generate probable future economic benefits.The availability of adequate technical, financial and other resources to complete the developmentand to use or sell the software.The ability to measure reliably the expenditure attributable to the software during its development.Amortisation is charged so as to allocate the cost of intangibles less their residual values over their estimated useful lives, using the straight-line method. The intangible assets are amortised over the following useful economic lives.Computer software 3 to 5 yearsIf there is an indication that there has been a significant change in amortisation rate or residual value of an asset, the amortisation of that asset is revised prospectively to reflect the new expectations.Intangible assets related to ongoing in process research and development (IPRD programs) costs are considered to be work in progress until the completion or abandonment of the associated research and development efforts. During the period the assets are considered to be work in progress therefore the associated amortisation will be deferred. When development is complete, which generally occurs when regulatory approval to market a product is obtained, the associated assets will be transferred to IP rights, and then will be amortised based on their estimated useful lives at that point in time.

  Other accounting policies

  Going ConcernImpairment of assetsFinancial AssetsTrade DebtorsShare CapitalTrade CreditorsInterest expenseCurrent and deferred taxationTurnoverGrant incomeForeign currency translationPensions

Notes to the Financial Statements

for the Period Ended 31 December 2022

• 2. Employees

  	2022	2021
  Average number of employees during the period	39	30