Find Mapping Limited
Find Mapping Limited
Company Registration No. 06298825 (England and Wales)
Page
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Director
Company Number
Registered Office
Accountants
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2023
2022
Notes
£
£
Fixed assets
Current assets
Cash at bank and in hand
Net current liabilities
(596,678 )
(529,856 )
Net liabilities
(595,439 )
(528,826 )
Capital and reserves
Called up share capital
Profit and loss account
(596,439 )
(529,826 )
Shareholders' funds
(595,439 )
(528,826 )
The financial statements were approved by the Board and authorised for issue on 21 July 2023 and were signed on its behalf by
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1
Statutory information
2
Compliance with accounting standards
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
Going concern
Revenue Recognition
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.
Sale of maps
Revenue is raised in relation to the sale of electronic maps, as and when, the orders are placed online and the product is downloaded by the buyer.
Royalties
Revenue is raised in relation to royalties for the use of the software developed, is charged to the statement of comprehensive income in line with the period it relates to.
Consultancy
Revenue is recognised in relation to consultancy work performed based on stage of completion.
Tangible fixed assets and depreciation
Computer equipment
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Pension costs
Financial instruments
Operating leases
Rentals paid under operating leases are charged to the Statement of Comprehensive Income on a straight line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
The company has taken advantage of the optional exemption available on transition to FRS 102 which allows lease incentives on leases entered into before the date of transition to the standard 01 April 2016 to continue to be charged over the period to the first market rent review rather than the term of the lease.
Research and development
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 April 2022
Additions
At 31 March 2023
Depreciation
At 1 April 2022
Charge for the year
At 31 March 2023
Net book value
At 31 March 2023
At 31 March 2022
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5
Debtors
2023
2022
£
£
Amounts falling due within one year
VAT
Trade debtors
Accrued income and prepayments
6
Creditors: amounts falling due within one year
2023
2022
£
£
VAT
Trade creditors
Taxes and social security
Other creditors
Accruals
Deferred income
7
Average number of employees
During the year the average number of employees was 3 (2022: 3 ).
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