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Company Registration No. 11075392 (England and Wales)
Springbok AI Ltd Unaudited accounts for the year ended 30 November 2023
Springbok AI Ltd Unaudited accounts Contents
Page
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Springbok AI Ltd Company Information for the year ended 30 November 2023
Director
Victoria Albrecht
Company Number
11075392 (England and Wales)
Registered Office
128 City Road London EC1V 2NX United Kingdom
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Springbok AI Ltd Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
233 
349 
Current assets
Debtors
153,042 
157,364 
Cash at bank and in hand
24,473 
94,082 
177,515 
251,446 
Creditors: amounts falling due within one year
(238,338)
(65,169)
Net current (liabilities)/assets
(60,823)
186,277 
Net (liabilities)/assets
(60,590)
186,626 
Capital and reserves
Profit and loss account
(60,590)
186,626 
Shareholders' funds
(60,590)
186,626 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 August 2024 and were signed on its behalf by
Victoria Albrecht Director Company Registration No. 11075392
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Springbok AI Ltd Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Springbok AI Ltd is a private company, limited by shares, registered in England and Wales, registration number 11075392. The registered office is 128 City Road, London, EC1V 2NX, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on a straight line basis
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Going concern
The director has confirmed that she will continue to give financial support to the company and that she will not recall her loan within 12 months. The director considers that it is appropriate to prepare the financial statements on a going concern basis. The financial statements do not include any adjustments that would result if the financial support were withdrawn.
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Springbok AI Ltd Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 December 2022
5,690 
At 30 November 2023
5,690 
Depreciation
At 1 December 2022
5,341 
Charge for the year
116 
At 30 November 2023
5,457 
Net book value
At 30 November 2023
233 
At 30 November 2022
349 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
87,625 
116,713 
Other debtors
65,417 
40,651 
153,042 
157,364 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
21,116 
8,064 
Taxes and social security
102,199 
15,952 
Other creditors
23,166 
10,151 
Loans from directors
75,065 
15,065 
Deferred income
16,792 
15,937 
238,338 
65,169 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
1,000 Ordinary shares (sub-division of shares made 15/09/22 into 1,000,000 Ordinary Shares of £0.00000001) of £0.00001 each
0.01 
0.01 
8
Average number of employees
During the year the average number of employees was 16 (2022: 16).
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