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REGISTERED NUMBER: 09226706 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2018

FOR

SCREDIBLE (UK) LIMITED

SCREDIBLE (UK) LIMITED (REGISTERED NUMBER: 09226706)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2018




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


SCREDIBLE (UK) LIMITED

COMPANY INFORMATION
for the Year Ended 30 April 2018







DIRECTORS: Mrs A K Figiel
Mr C T Lucas-mudd





REGISTERED OFFICE: Aumara Headley Road
Grayshott
Hindhead
Surrey
GU26 6LG





REGISTERED NUMBER: 09226706 (England and Wales)





ACCOUNTANTS: Clear Vision Financial Management Limited
3 Victoria Place
Love Lane
Romsey
Hampshire
SO51 8DE

SCREDIBLE (UK) LIMITED (REGISTERED NUMBER: 09226706)

BALANCE SHEET
30 April 2018

30.4.18 30.4.17
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 450,377 312,524
Tangible assets 5 1,347 5,638
451,724 318,162

CURRENT ASSETS
Debtors 6 25,620 25,900
Cash at bank 21,618 9,561
47,238 35,461
CREDITORS
Amounts falling due within one year 7 1,242,197 965,074
NET CURRENT LIABILITIES (1,194,959 ) (929,613 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(743,235

)

(611,451

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (743,236 ) (611,452 )
SHAREHOLDERS' FUNDS (743,235 ) (611,451 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 28 September 2018 and were signed on
its behalf by:





Mrs A K Figiel - Director


SCREDIBLE (UK) LIMITED (REGISTERED NUMBER: 09226706)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30 April 2018

1. STATUTORY INFORMATION

Scredible (Uk) 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. ACCOUNTING POLICIES

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

The Directors consider that, notwithstanding the negative net asset position of the company at the end
of the financial period, it is appropriate that these accounts have been prepared on the going concern
basis, due to the continued financial support of the shareholder.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102
'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related
party transactions with wholly owned subsidiaries within the group.

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.

Patents and licences are being amortised evenly over their estimated useful life of nil years.

App development are being amortised evenly over their estimated useful life of nil years.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement,
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.

SCREDIBLE (UK) LIMITED (REGISTERED NUMBER: 09226706)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2018

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2017 - 2 ).

4. INTANGIBLE FIXED ASSETS
Patents
and App
licences development Totals
£    £    £   
Cost
At 1 May 2017 - 312,524 312,524
Additions 62,375 84,389 146,764
At 30 April 2018 62,375 396,913 459,288
Amortisation
Amortisation for year 8,911 - 8,911
At 30 April 2018 8,911 - 8,911
Net book value
At 30 April 2018 53,464 396,913 450,377
At 30 April 2017 - 312,524 312,524

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 May 2017 10,587
Disposals (2,000 )
At 30 April 2018 8,587
Depreciation
At 1 May 2017 4,949
Charge for year 2,624
Eliminated on disposal (333 )
At 30 April 2018 7,240
Net book value
At 30 April 2018 1,347
At 30 April 2017 5,638

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Trade debtors 2,365 25,900
Other debtors 23,255 -
25,620 25,900

SCREDIBLE (UK) LIMITED (REGISTERED NUMBER: 09226706)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30 April 2018

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.18 30.4.17
£    £   
Trade creditors 246,996 296,589
Amounts owed to group undertakings 339,820 450,630
Taxation and social security - (5,347 )
Other creditors 655,381 223,202
1,242,197 965,074

8. RELATED PARTY DISCLOSURES

ClientFinancial Limited
A company owned by the Director Mrs A Figiel.

During the year the company purchased services totalling £41,469 (2017: £73,053) from
ClientFinancial Limited. The balance outstanding at the year end was £13,734 (2017: £22,244).