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REGISTERED NUMBER: 07699834 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

Sponsorcraft Limited

Sponsorcraft Limited (Registered number: 07699834)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Sponsorcraft Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: SAR Knox
MD May
J May
M Storeygard
GF Keeys
M E Adey





SECRETARY:





REGISTERED OFFICE: 85 Great Portland Street
London
W1W 7LT





REGISTERED NUMBER: 07699834 (England and Wales)





ACCOUNTANTS: Innovata Business Solutions Limited
Chartered Accountants
26 Rofant Road
Northwood
Middlesex
HA6 3BE

Sponsorcraft Limited (Registered number: 07699834)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 9,396 17,556
Investments 6 8 8
9,404 17,564

CURRENT ASSETS
Debtors 7 145,565 495,585
Cash at bank and in hand 979 22,763
146,544 518,348
CREDITORS
Amounts falling due within one year 8 1,128,101 1,498,961
NET CURRENT LIABILITIES (981,557 ) (980,613 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(972,153

)

(963,049

)

CREDITORS
Amounts falling due after more than one
year

9

32,565

37,029
NET LIABILITIES (1,004,718 ) (1,000,078 )

CAPITAL AND RESERVES
Called up share capital 11 762 762
Share premium 2,689,350 2,689,350
Retained earnings (3,694,830 ) (3,690,190 )
SHAREHOLDERS' FUNDS (1,004,718 ) (1,000,078 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 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.

Sponsorcraft Limited (Registered number: 07699834)

Balance Sheet - continued
30 April 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 11 October 2023 and were signed on its behalf by:





J May - Director


Sponsorcraft Limited (Registered number: 07699834)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Sponsorcraft 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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 five years.

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

Improvements to property 6 years straight line
Furniture & Fixture 25% straight line
Computer equipment 25% straight line

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Sponsorcraft Limited (Registered number: 07699834)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2022
and 30 April 2023 1,490
AMORTISATION
At 1 May 2022
and 30 April 2023 1,490
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

Intangible asset is the cost of the website domain name (www.hubbub.net), which has been amortised over 5 years.

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Computer
property fittings equipment Totals
£    £    £    £   
COST
At 1 May 2022 11,685 17,928 36,485 66,098
Additions 259 149 1,844 2,252
Disposals (11,944 ) (17,938 ) (16,921 ) (46,803 )
At 30 April 2023 - 139 21,408 21,547
DEPRECIATION
At 1 May 2022 8,023 16,167 24,352 48,542
Charge for year 3,313 151 3,619 7,083
Eliminated on disposal (11,336 ) (16,308 ) (15,830 ) (43,474 )
At 30 April 2023 - 10 12,141 12,151
NET BOOK VALUE
At 30 April 2023 - 129 9,267 9,396
At 30 April 2022 3,662 1,761 12,133 17,556

Sponsorcraft Limited (Registered number: 07699834)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 8
NET BOOK VALUE
At 30 April 2023 8
At 30 April 2022 8

Investments relates to 100% share ownership of Hubbub Inc , incorporated in United States of America, of 1,000 shares with a nominal value of USD$0.001 for a total consideration of USD$10 (i.e GBP £8). The company's registered address is 1209 Orange Street, Wilmington, New Castle County, Delaware 19801.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 47,460 15,319
Amounts owed by group undertakings - 327,416
Other debtors 98,105 152,850
145,565 495,585

Included within other debtors is an R&D tax credit refund of £96,293 (2022: £101,087).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 14,922 -
Trade creditors 29,082 150,134
Amounts owed to group undertakings 25,768 -
Taxation and social security 296,171 319,346
Other creditors 762,158 1,029,481
1,128,101 1,498,961

Included within other creditors is deferred income of £380,277 (2022: £419,202) and advance of subscription shares due to be issued of £15,000 (2022: £Nil).

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Other creditors 32,565 37,029

Included within other creditors more than one year is a bank loan, bearing interest at 2.5% and is repayable by 2030.

Sponsorcraft Limited (Registered number: 07699834)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
£    £   
Within one year - 67,356

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.23 30.4.22
value: £    £   
119,655,750 Preference A 0.000001 120 120
633,706,873 Ordinary A 0.000001 634 634
8,542,366 Ordinary B 0.000001 8 8
762 762

The Preference A shares are cumulative.

During the year, the following fully paid shares were allotted at a premium as shown below:
31,818,176 Ordinary A shares of £0.000001 each at a premium of £0.004399 per share.

12. RELATED PARTY DISCLOSURES

Included within creditors are loans from Directors of £44,763 (2022: £43,512). These loans are unsecured, charging interest at 0.8% per month and repayable on demand.

Included within creditors are loans from Directors of £46,835 (2022: £41,564). These loans charge interest at 1% per month with principal and interest repayable not before 30 April 2024.