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REGISTERED NUMBER: 04816468 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Squiz UK Limited

Squiz UK Limited (Registered number: 04816468)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Squiz UK Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S M Barker
S A Morgan
J P Syriatowicz





SECRETARY: G R Dumsday





REGISTERED OFFICE: Huckletree
Alphabeta Building
18 Finsbury Square
London
EC2A 1AH





REGISTERED NUMBER: 04816468 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Squiz UK Limited (Registered number: 04816468)

Balance Sheet
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 608,503 1,076,559
Investments 6 81 81
608,584 1,076,640

CURRENT ASSETS
Debtors 7 1,622,883 2,529,444
Cash at bank 383,303 1,603,326
2,006,186 4,132,770
CREDITORS
Amounts falling due within one year 8 4,350,532 5,816,498
NET CURRENT LIABILITIES (2,344,346 ) (1,683,728 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,735,762

)

(607,088

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,735,862 ) (607,188 )
SHAREHOLDERS' FUNDS (1,735,762 ) (607,088 )

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

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

Squiz UK Limited (Registered number: 04816468)

Balance Sheet - continued
30 June 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 27 February 2024 and were signed on its behalf by:





S M Barker - Director


Squiz UK Limited (Registered number: 04816468)

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

1. STATUTORY INFORMATION

Squiz 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 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.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Development costs
Development costs have been fully amortised.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - the period of the lease
Fixtures and fittings - 20% on cost
Computer equipment - at varying rates on 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Squiz UK Limited (Registered number: 04816468)

Notes to the Financial Statements - continued
for the Year Ended 30 June 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 45 (2022 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2022
and 30 June 2023 335,815
AMORTISATION
At 1 July 2022
and 30 June 2023 335,815
NET BOOK VALUE
At 30 June 2023 -
At 30 June 2022 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 July 2022 1,418,794 75,446 1,844,698 3,338,938
Additions - 5,891 46,599 52,490
Disposals - (70,258 ) (134,871 ) (205,129 )
At 30 June 2023 1,418,794 11,079 1,756,426 3,186,299
DEPRECIATION
At 1 July 2022 810,744 74,685 1,376,950 2,262,379
Charge for year 304,025 1,964 214,557 520,546
Eliminated on disposal - (70,258 ) (134,871 ) (205,129 )
At 30 June 2023 1,114,769 6,391 1,456,636 2,577,796
NET BOOK VALUE
At 30 June 2023 304,025 4,688 299,790 608,503
At 30 June 2022 608,050 761 467,748 1,076,559

Squiz UK Limited (Registered number: 04816468)

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

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2022
and 30 June 2023 81
NET BOOK VALUE
At 30 June 2023 81
At 30 June 2022 81

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 898,867 1,771,148
Other debtors 724,016 758,296
1,622,883 2,529,444

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 102,550 99,703
Taxation and social security 551,268 436,318
Other creditors 3,696,714 5,280,477
4,350,532 5,816,498

9. CAPITAL COMMITMENTS
2023 2022
£    £   
Contracted but not provided for in the
financial statements 420,111 760,167

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Squiz Pty Limited.

11. GOING CONCERN

There was a net deficiency of reserves amounting to £1,735,862 at the Balance Sheet date. The parent company has confirmed their continued support to the Company, and will ensure that the Company retains sufficient working capital to continue trading for the foreseeable future.