REGISTERED NUMBER: 06550714 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2018

FOR

ATTOMARKER LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr A M Shaw

R Killen

T N Clarke

G M Williams

REGISTERED OFFICE:

The Innovation Centre

University of Exeter

Rennes Drive

Exeter

Devon

EX4 4RN

REGISTERED NUMBER:

06550714 (England and Wales)

ACCOUNTANTS:

Bush & Co Limited

2 Barnfield Crescent

Exeter

Devon

EX1 1QT

FIXED ASSETS

Intangible assets

5

2,247,359

939,162

Tangible assets

6

75,678

98,228

2,323,037

1,037,390

CURRENT ASSETS

Debtors

7

263,483

99,100

Cash at bank

523,842

1,858,726

787,325

1,957,826

CREDITORS

Amounts falling due within one year

8

159,414

2,792,239

NET CURRENT ASSETS/(LIABILITIES)

627,911

(834,413

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,950,948

202,977

PROVISIONS FOR LIABILITIES

-

18,909

NET ASSETS

2,950,948

184,068

CAPITAL AND RESERVES

Called up share capital

63

55

Share premium

3,094,730

594,737

Retained earnings

(143,845

)

(410,724

)

2,950,948

184,068

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors on 11 February 2019 and were signed on its behalf by:

Dr A M Shaw - Director

1.	STATUTORY INFORMATION

Attomarker Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company

Information page.

2.	STATEMENT OF COMPLIANCE

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

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding

discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are

measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs will be amortised evenly over their estimated useful life of five years upon

completion of the project.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery

-

Straight line over 4 years

Computer equipment

-

Straight line over 3 years

Financial instruments

Basic financial instruments are recognised at amortised cost, except for investments in

non-convertible preference and non-puttable ordinary shares which are measured at fair value,

with changes recognised in profit or loss. Derivative financial instruments are initially recorded

at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit & Loss,

except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have

been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not

reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in

periods different from those in which they are recognised in financial statements. Deferred tax

is measured using tax rates and laws that have been enacted or substantively enacted by the

year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is

probable that they will be recovered against the reversal of deferred tax liabilities or other future

taxable profits.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2017 - 1 ) .

5.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 January 2018

939,162

Additions

1,308,197

At 31 December 2018

2,247,359

NET BOOK VALUE

At 31 December 2018

2,247,359

At 31 December 2017

939,162

6.	TANGIBLE FIXED ASSETS

Plant &

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 January 2018

101,424

3,296

104,720

Additions

2,477

2,316

4,793

At 31 December 2018

103,901

5,612

109,513

DEPRECIATION

At 1 January 2018

6,098

394

6,492

Charge for year

25,963

1,380

27,343

At 31 December 2018

32,061

1,774

33,835

NET BOOK VALUE

At 31 December 2018

71,840

3,838

75,678

At 31 December 2017

95,326

2,902

98,228

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Other debtors

263,483

99,100

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

108,042

282,968

Taxation and social security

4,085

5,173

Other creditors

47,287

2,504,098

159,414

2,792,239

9.	RELATED PARTY DISCLOSURES