|
|
|
|
Financial Statements
|
Contents
|
Page
|
Directors' report
|
1
|
Statement of comprehensive income
|
4
|
Statement of financial position
|
5
|
Statement of changes in equity
|
7
|
Notes to the financial statements
|
8
|
|
Directors' Report
|
|
|
|
|
|
|
|
|
|
|
|
(Resigned
|
|
Director
|
Registered office:
|
|
|
|
|
|
|
Statement of Comprehensive Income
|
2020
|
2019
|
||
Note
|
£
|
£
|
|
Turnover
|
4
|
–
|
|
----
|
---------
|
|
Gross profit
|
–
|
|
Administrative expenses
|
|
|
|
Other operating income
|
5
|
|
|
---------
|
---------
|
||
Operating loss
|
6
|
(
|
(
|
Other interest receivable and similar income
|
9
|
|
|
---------
|
---------
|
||
Loss before taxation
|
(
|
(
|
|
Tax on loss
|
10
|
(
|
(
|
---------
|
---------
|
||
Loss for the financial year and total comprehensive income
|
(
|
(
|
|
---------
|
---------
|
||
|
Statement of Financial Position
|
2020
|
2019
|
|
Note
|
£
|
£
|
Intangible assets
|
11
|
|
–
|
Investments
|
13
|
–
|
|
-------
|
----
|
||
|
|
||
Debtors
|
14
|
|
|
Cash at bank and in hand
|
|
|
|
---------
|
---------
|
||
|
|
||
Creditors: amounts falling due within one year
|
15
|
|
|
---------
|
---------
|
||
Net current assets
|
|
|
|
---------
|
---------
|
||
Total assets less current liabilities
|
|
|
|
Creditors: amounts falling due after more than one year
|
16
|
|
–
|
---------
|
---------
|
||
Net assets
|
|
|
|
---------
|
---------
|
||
Called up share capital
|
18
|
|
|
Share premium account
|
19
|
|
|
Profit and loss account
|
19
|
(
|
(
|
-------------
|
-------------
|
||
Shareholders funds
|
|
|
|
-------------
|
-------------
|
||
|
Statement of Financial Position (continued)
|
|
Director
|
|
Statement of Changes in Equity
|
Called up share capital
|
Share premium account
|
Profit and loss account
|
Total
|
|
£
|
£
|
£
|
£
|
|
At 1 June 2018
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
-------------
|
-------------
|
---------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
------------
|
-------------
|
-------------
|
---------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
At 31 May 2019
|
|
|
(
|
|
Loss for the year
|
(
|
(
|
||
------------
|
-------------
|
-------------
|
---------
|
|
Total comprehensive income for the year
|
–
|
–
|
(
|
(
|
Issue of shares
|
|
|
–
|
|
-------
|
---------
|
----
|
---------
|
|
Total investments by and distributions to owners
|
|
|
–
|
|
------------
|
-------------
|
-------------
|
---------
|
|
At 31 May 2020
|
|
|
(
|
|
------------
|
-------------
|
-------------
|
---------
|
|
|
Notes to the Financial Statements
|
Patents, trademarks and licences
|
-
|
|
|
Plant and machinery
|
-
|
3 years on a
|
|
Fixtures and fittings
|
-
|
|
|
Equipment
|
-
|
|
|
2020
|
2019
|
|
£
|
£
|
|
Licensing
|
–
|
|
----
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Other operating income
|
|
|
--------
|
--------
|
|
2020
|
2019
|
|
£
|
£
|
|
Amortisation of intangible assets
|
|
–
|
Operating lease rentals
|
|
|
--------
|
--------
|
|
2020
|
2019
|
|
£
|
£
|
|
Wages and salaries
|
|
|
Social security costs
|
|
|
Other pension costs
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Remuneration
|
|
|
--------
|
--------
|
|
2020
|
2019
|
|
£
|
£
|
|
Interest on cash and cash equivalents
|
|
|
----
|
-------
|
|
2020
|
2019
|
|
£
|
£
|
|
UK current tax income
|
(
|
(
|
--------
|
---------
|
|
Tax on loss
|
(
|
(
|
--------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Loss on ordinary activities before taxation
|
(
|
(
|
---------
|
---------
|
|
Loss on ordinary activities by rate of tax
|
(
|
(
|
Adjustment to tax charge in respect of prior periods
|
|
–
|
Unused tax losses
|
|
|
Additional deduction for R&D expenditure
|
(
|
(
|
---------
|
---------
|
|
Tax on loss
|
(
|
(
|
---------
|
---------
|
|
Patents, trademarks and licences
|
|
£
|
|
Cost
|
|
Additions
|
|
-------
|
|
At 31 May 2020
|
|
-------
|
|
Amortisation
|
|
Charge for the year
|
|
-------
|
|
At 31 May 2020
|
|
-------
|
|
Carrying amount
|
|
At 31 May 2020
|
|
-------
|
|
At 31 May 2019
|
–
|
-------
|
|
Plant and machinery
|
Fixtures and fittings
|
Equipment
|
Total
|
|
£
|
£
|
£
|
£
|
|
Cost
|
||||
At 1 June 2019 and 31 May 2020
|
|
|
|
|
---------
|
-------
|
--------
|
---------
|
|
Depreciation
|
||||
At 1 June 2019 and 31 May 2020
|
|
|
|
|
---------
|
-------
|
--------
|
---------
|
|
Carrying amount
|
||||
At 31 May 2020
|
–
|
–
|
–
|
–
|
---------
|
-------
|
--------
|
---------
|
|
At 31 May 2019
|
–
|
–
|
–
|
–
|
---------
|
-------
|
--------
|
---------
|
|
Shares in participating interests
|
|
£
|
|
Cost
|
|
At 1 June 2019
|
|
Disposals
|
(
|
----
|
|
At 31 May 2020
|
–
|
----
|
|
Impairment
|
|
At 1 June 2019 and 31 May 2020
|
–
|
----
|
|
Carrying amount
|
|
At 31 May 2020
|
–
|
----
|
|
At 31 May 2019
|
|
----
|
|
2020
|
2019
|
|
£
|
£
|
|
Trade debtors
|
|
–
|
Amounts owed by undertakings in which the company has a participating interest
|
–
|
|
Prepayments and accrued income
|
|
|
Corporation tax repayable
|
|
|
Other debtors
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Trade creditors
|
|
|
Accruals and deferred income
|
|
|
Social security and other taxes
|
|
|
Other creditors
|
|
|
---------
|
---------
|
|
|
|
|
---------
|
---------
|
|
2020
|
2019
|
|
£
|
£
|
|
Bank loans and overdrafts
|
|
–
|
--------
|
----
|
|
2020
|
2019
|
|||
No.
|
£
|
No.
|
£
|
|
|
|
1,608,973
|
|
1,608,973
|
|
|
611,387
|
|
611,387
|
|
|
39,975
|
|
32,475
|
|
|
371,700
|
|
371,700
|
|
|
430,500
|
|
430,500
|
--------------
|
------------
|
--------------
|
------------
|
|
|
|
|
|
|
--------------
|
------------
|
--------------
|
------------
|
|
2020
|
2019
|
|
£
|
£
|
|
Not later than 1 year
|
|
|
Later than 1 year and not later than 5 years
|
|
|
--------
|
--------
|
|
|
|
|
--------
|
--------
|
|