SQUIDCARD LTD

Company Registration Number:
03937068 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2023

Period of accounts

Start date: 01 January 2023

End date: 31 December 2023

SQUIDCARD LTD

Contents of the Financial Statements

for the Period Ended 31 December 2023

Balance sheet
Notes

SQUIDCARD LTD

Balance sheet

As at 31 December 2023


Notes

2023

2022


£

£
Fixed assets
Intangible assets: 3 748,447 859,080
Tangible assets: 4 2,812 3,790
Investments: 5 6,010 6,010
Total fixed assets: 757,269 868,880
Current assets
Stocks: 10,806 12,368
Debtors:   697,398 1,265,984
Cash at bank and in hand: 1,918 1,591
Total current assets: 710,122 1,279,943
Creditors: amounts falling due within one year:   (3,443,318) (3,637,882)
Net current assets (liabilities): (2,733,196) (2,357,939)
Total assets less current liabilities: (1,975,927) (1,489,059)
Creditors: amounts falling due after more than one year:   (38,722) (122,056)
Total net assets (liabilities): (2,014,649) (1,611,115)
Capital and reserves
Called up share capital: 1,411,931 1,411,931
Share premium account: 12,230,570 12,230,570
Profit and loss account: (15,657,150) (15,253,616)
Shareholders funds: (2,014,649) (1,611,115)

The notes form part of these financial statements

SQUIDCARD LTD

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 23 August 2024
and signed on behalf of the board by:

Name: A C Smith
Status: Director

The notes form part of these financial statements

SQUIDCARD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

SQUIDCARD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

2. Employees

2023 2022
Average number of employees during the period 24 26

SQUIDCARD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible Assets

Total
Cost £
At 01 January 2023 7,588,515
Additions 129,028
At 31 December 2023 7,717,543
Amortisation
At 01 January 2023 6,729,435
Charge for year 239,661
At 31 December 2023 6,969,096
Net book value
At 31 December 2023 748,447
At 31 December 2022 859,080

SQUIDCARD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible Assets

Total
Cost £
At 01 January 2023 310,647
Additions 1,239
Disposals (117,912)
At 31 December 2023 193,974
Depreciation
At 01 January 2023 306,857
Charge for year 2,217
On disposals (117,912)
At 31 December 2023 191,162
Net book value
At 31 December 2023 2,812
At 31 December 2022 3,790

SQUIDCARD LTD

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Fixed investments

Shares in Joint Venture