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REGISTERED NUMBER: 14035691 (England and Wales)










FINANCIAL STATEMENTS

FOR THE PERIOD

8 APRIL 2022 TO 31 DECEMBER 2022

FOR

NETLIFY UK LIMITED

NETLIFY UK LIMITED (REGISTERED NUMBER: 14035691)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 APRIL 2022 TO 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


NETLIFY UK LIMITED

COMPANY INFORMATION
FOR THE PERIOD 8 APRIL 2022 TO 31 DECEMBER 2022







Director: Mr. M B Christensen





Registered office: Suite 2 First Floor
10 Temple Back
Bristol
BS1 6FL





Registered number: 14035691 (England and Wales)





Auditors: WD Audit Limited Statutory Auditors
5th Floor
111 Charterhouse Street
London
EC1M 6AW

NETLIFY UK LIMITED (REGISTERED NUMBER: 14035691)

BALANCE SHEET
31 DECEMBER 2022

Notes £   
CURRENT ASSETS
Debtors 4 71,959
Cash in hand 287,146
359,105
CREDITORS
Amounts falling due within one year 5 (222,104 )
NET CURRENT ASSETS 137,001
TOTAL ASSETS LESS CURRENT
LIABILITIES

137,001

PROVISIONS FOR LIABILITIES 1,704
NET ASSETS 138,705

CAPITAL AND RESERVES
Called up share capital 100
Other reserves 189,677
Retained earnings (51,072 )
138,705

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 director and authorised for issue on 16 January 2024 and were signed by:





Mr. M B Christensen - Director


NETLIFY UK LIMITED (REGISTERED NUMBER: 14035691)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 8 APRIL 2022 TO 31 DECEMBER 2022

1. STATUTORY INFORMATION

Netlify 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.

The presentation currency of the financial statements is rounded to its nearest Pound Sterling (£).

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 is derived from recharge expenses to the parent company and is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales tax.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into.

Basic financial liabilities
Basic financial liabilities, including creditors, and loans from fellow group companies are initially recognised at transaction price.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are initially recognised at transaction price.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Stock option expense
Judgement and estimation are required in determining the fair value of shares at the date of award. The fair value is estimated using valuation techniques which take into account the award's term, the risk-free interest rate and the expected volatility of the market price of the Parent Company's shares. Judgement and estimation are also required to assess the number of options expected to vest.

Going concern
Going concern is a fundamental accounting concept that underlies the preparation of financial statements of all UK companies. Under the going concern concept it is assumed that a company will continue in operation and that there is neither the intention nor the need either to liquidate it or to cease trading.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 24 .

NETLIFY UK LIMITED (REGISTERED NUMBER: 14035691)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 8 APRIL 2022 TO 31 DECEMBER 2022

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Amounts owed by group undertakings 71,959

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 167,933
Other creditors 54,171
222,104

6. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Roy Davis (Senior Statutory Auditor)
for and on behalf of WD Audit Limited Statutory Auditors

7. RELATED PARTY DISCLOSURES

The company is wholly owned subsidiary of Netlify EMEA Limited a company incorporated in Ireland. As at the 31st December 2022 an amount £71,959 was owed to Netlify Inc. During the period the entity issued sales for an amount of £23,79,762 to Netlify Inc.

8. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Netlify, Inc. which is incorporated in United States. The results of the Company are consolidated in the financial statements of Netlify, Inc. and publicly available from 512 2nd Street, Suite 200 San Francisco, CA 94107.

9. SHARE-BASED PAYMENT TRANSACTIONS

Under the terms of their employment contracts the employees of the company are entitled to participate in the share based payment scheme of the parent company Netlify, Inc.During the period share options 123,695 have been granted, 8,487 exercised and 13,523 forfeited and expired. The share option as on 31 December 2022 is 101,682.