2021-09-012022-12-312022-12-31false07749256MySlipcase 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MySlipcase Limited

Registered Number
07749256
(England and Wales)

Unaudited Financial Statements for the Period ended
31 December 2022

MySlipcase Limited
Company Information
for the period from 1 September 2021 to 31 December 2022

Director

Alexander Hearn

Registered Address

Slipcase
1 Poultry
London
EC2R 8EJ

Registered Number

07749256 (England and Wales)
MySlipcase Limited
Statement of Financial Position
31 December 2022

Notes

31 Dec 2022

31 Aug 2021

£

£

£

£

Fixed assets
Intangible assets6233,21097,706
Tangible assets73,3083,100
236,518100,806
Current assets
Debtors9115,319227,824
Cash at bank and on hand416,392154,549
531,711382,373
Creditors amounts falling due within one year10(381,252)(401,449)
Net current assets (liabilities)150,459(19,076)
Total assets less current liabilities386,97781,730
Creditors amounts falling due after one year11(54,007)(19,415)
Net assets332,97062,315
Capital and reserves
Called up share capital130130
Profit and loss account332,84062,185
Shareholders' funds332,97062,315
The financial statements were approved and authorised for issue by the Director on 3 November 2023, and are signed on its behalf by:
Alexander Hearn
Director
Registered Company No. 07749256
MySlipcase Limited
Notes to the Financial Statements
for the period ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Principal activities
The principal activity of the company continued to be that of a re-insurance news and insights platform.
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment3
Intangible assets policy
Intangible assets are measured at cost less accumulated amortization and any accumulated impairment losses. Development costs are recognised as an intangible asset when all of the following criteria are demonstrated: - The technical feasibility of completing the software so that it will be available for use or sale. - The intention to complete the software and use or sell it. - The ability to use the software or to sell it. - How the software will generate probable future economic benefits. - The availability of adequate technical, financial and other resources to complete the development and to use or sell the software. - The ability to measure reliably the expenditure attributable to the software during its development. Amortisation has not been charged to the asset during the period as it is not out of production
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20222021
Average number of employees during the year66
6.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 21321,873321,873
Additions201,505201,505
At 31 December 22523,378523,378
Amortisation and impairment
At 01 September 21224,167224,167
Charge for year66,00166,001
At 31 December 22290,168290,168
Net book value
At 31 December 22233,210233,210
At 31 August 2197,70697,706
7.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 September 2113,60513,605
Additions2,3142,314
At 31 December 2215,91915,919
Depreciation and impairment
At 01 September 2110,50510,505
Charge for year2,1062,106
At 31 December 2212,61112,611
Net book value
At 31 December 223,3083,308
At 31 August 213,1003,100
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
Alexander Hearn41,492136,532131,46246,562
The company has overdrawn balance towards director's loan of Alexander Hearn £46,562.
41,492136,532131,46246,562
The company has overdrawn balance towards director's loan of Alexander Hearn £46,562 debit balance.
9.Debtors

2022

2021

££
Trade debtors / trade receivables50,16892,654
Other debtors18,58881,236
Prepayments and accrued income-12,443
Other debtors (Non-current)46,56341,491
Total115,319227,824
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
10.Creditors within one year

2022

2021

££
Trade creditors / trade payables17,04823,056
Taxation and social security124,19562,132
Other creditors19,0762,448
Accrued liabilities and deferred income220,933313,813
Total381,252401,449
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
11.Creditors after one year

2022

2021

££
Other creditors54,00719,415
Total54,00719,415