Company Registration No. 11500513 (England and Wales)
Stacker Software Ltd
Unaudited accounts
for the year ended 31 December 2023
Stacker Software Ltd
Unaudited accounts
Contents
Stacker Software Ltd
Company Information
for the year ended 31 December 2023
Directors
Samuel George Davyson
Michael Skelly
Company Number
11500513 (England and Wales)
Registered Office
86-90 Paul Street
London
EC2A 4NE
United Kingdom
Accountants
The Accountancy Cloud
1 Fore Street Avenue
London
EC2Y 9DT
Stacker Software Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
13,005
70,036
Cash at bank and in hand
976,793
1,179,169
Creditors: amounts falling due within one year
(536,906)
(159,877)
Net current assets
553,557
1,144,409
Net assets
566,562
1,214,445
Called up share capital
6,026
2,724
Share premium
12,527,040
997,319
Capital contribution reserve
2,526
8,691,020
Profit and loss account
(11,969,030)
(8,476,618)
Shareholders' funds
566,562
1,214,445
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Samuel George Davyson
Director
Company Registration No. 11500513
Stacker Software Ltd
Notes to the Accounts
for the year ended 31 December 2023
Stacker Software Ltd is a private company, limited by shares, registered in England and Wales, registration number 11500513. The registered office is 86-90 Paul Street, London, EC2A 4NE, United Kingdom.
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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.
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.
The accounts have been prepared under the historical cost convention.
The accounts are presented in £ sterling.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
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:
Plant & machinery
25% Straight Line
Computer equipment
25% Straight Line
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.
Research and development tax credit
During the financial year, Stacker Software Limited received tax credits for qualifying research and development expenditure under the Research and Development tax relief scheme. These are presented as tax repayments in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Expenditure on research and development is written off in the year in which it is incurred.
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.
Stacker Software Ltd
Notes to the Accounts
for the year ended 31 December 2023
Monetary 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 rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 January 2023
2,502
89,207
91,709
Additions
2,046
10,717
12,763
Disposals
(4,546)
(75,607)
(80,153)
At 31 December 2023
2
24,317
24,319
At 1 January 2023
370
21,303
21,673
Charge for the year
865
23,419
24,284
On disposals
(1,236)
(33,407)
(34,643)
At 31 December 2023
(1)
11,315
11,314
At 31 December 2023
3
13,002
13,005
At 31 December 2022
2,132
67,904
70,036
Amounts falling due within one year
Accrued income and prepayments
76,711
95,637
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
66,469
109,566
Taxes and social security
51,801
-
Other creditors
5,103
2,070
Stacker Software Ltd
Notes to the Accounts
for the year ended 31 December 2023
Allotted, called up and fully paid:
21,068,492 Ordinary shares of £0.000286 each
6,025.58
61.66
- A Ordinary shares of £0.01 each
-
568.18
Shares issued during the period:
20,852,868 Ordinary shares of £0.000286 each
5,963.92
On 14 August 2020, 100% share capital was transferred to Stacker Inc, a company incorporated in the USA. All of the shareholders of Stacker Software Limited became proportional shareholders of Stacker Inc. The ultimate controlling party remains Samuel Davyson and Michael Skelly.
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Average number of employees
During the year the average number of employees was 17 (2022: 22).