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Logo On Report
Registered Number: 14584307
England and Wales

 

 

 

SUPERSIGHT LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 11 January 2023

End date: 31 January 2024
Directors Advait Jayant
Sungjung Kim
Registered Number 14584307
Registered Office 1001 Bridgewater House
96 Lookout Lane
London
E14 0TH
1
  2024
    £ £
Fixed assets   218,339 
Current assets 498,946   
Creditors: amount falling due within one year (4,948)  
Net current assets   493,998 
Total assets less current liabilities   712,337 
Creditors: amount falling due after more than one year   (782,594)
Net assets   (70,257)
 

     
Capital and reserves   (70,257)
 
NOTES TO THE ACCOUNTS

General Information
Supersight Ltd is a private company, limited by shares, registered in England and Wales, registration number 14584307, registration address 1001 Bridgewater House, 96 Lookout Lane, London, E14 0TH.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that that have been enacted or substantively enacted by the reporting date.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
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.
Development expenditures
Research and development expenditure is charged to the income statement in the period in which it is incurred. However, where the directors are satisfied as to the technical, commercial and financial viability of individual projects, development expenditure is deferred and amortised over years during which the company is expected to benefit.
2.

Intangible fixed assets

Cost Other   Total
  £   £
At 11 January 2023  
Additions 218,339    218,339 
Disposals  
At 31 January 2024 218,339    218,339 
Amortisation
At 11 January 2023  
Charge for period  
On disposals  
At 31 January 2024  
Net book values
At 31 January 2024 218,339    218,339 
At 10 January 2023  


3.

Indebtedness

Creditors due after more than one year comprise of amounts received from investors in advance for future subsciptions in shares on the Company. The crystallisation of the subscriptions are dependent on varying levels of post market valuation of the Company resulting from future new equity issuance.

4.

Average number of employees

Average number of employees during the period was 0.


For the period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.

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.

These accounts have been prepared in accordance with the micro-entity provisions and FRS 105, the Financial Reporting Standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The income statement has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 October 2024 and were signed on its behalf by:


--------------------------------
Sungjung Kim
Director
2