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Registered Number: 13092404
England and Wales

 

 

 


Report of the Directors and Unaudited Financial Statements

for the year ended 31 December 2023

for

SQUIRREL INTERNET LTD

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 78,314  14,223 
Current assets 14,436  9,676 
Creditors: amount falling due within one year (141,257) (31,934)
Net current assets (126,821) (22,258)
Total assets less current liabilities (48,507) (8,035)
Creditors: amount falling due after more than one year (21,916)
Net assets (70,423) (8,035)
 
Capital and reserves (70,423) (8,035)
 
  1. For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Andrew Dowsett
Director

Date approved: 29 August 2024
1
Statutory Information
SQUIRREL INTERNET LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 13092404, registration address Office 3 1e Uppingham Gate, Uppingham, Oakham, United Kingdom, LE15 9NY, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Going Concern
The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the directors who have undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.
Customer Premises Equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Datacentre Equipment4 Years Straight Line
Customer Premises equipment3 Years Straight Line
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 15 years.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
2.

Intangible fixed assets

Cost or Valuation Computer software   Total
  £   £
At 01 January 2023 4,794    4,794 
Additions 5,127    5,127 
Disposals  
At 31 December 2023 9,921    9,921 
Amortisation
At 01 January 2023 320    320 
Charge for year 661    661 
On disposals  
At 31 December 2023 981    981 
Net book values
At 31 December 2023 8,940    8,940 
At 31 December 2022 4,474    4,474 

3.

Tangible fixed assets

Cost or Valuation Datacentre Equipment   Customer Premises equipment   Total
  £   £   £
At 01 January 2023 1,165    14,365    15,530 
Additions 17,424    77,455    94,879 
Disposals    
At 31 December 2023 18,589    91,820    110,409 
Depreciation
At 01 January 2023 291    5,490    5,781 
Charge for year 4,647    30,607    35,254 
On disposals    
At 31 December 2023 4,938    36,097    41,035 
Net book values
Closing balance as at 31 December 2023 13,651    55,723    69,374 
Opening balance as at 01 January 2023 874    8,875    9,749 

4.

Average number of employees

Average number of employees during the year was 2  (2022: 1).
2