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Registered number: 12475949
SqueakyClean Software Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Starfish Accounting Ltd
ICAEW
The Bowler Barn
Bartletts Court
Littlewick Green
Berkshire
SL6 3RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12475949
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 1,310 5,312
1,310 5,312
CURRENT ASSETS
Debtors 5 - 6,781
Cash at bank and in hand 475 11
475 6,792
Creditors: Amounts Falling Due Within One Year 6 (16,147 ) (20,174 )
NET CURRENT ASSETS (LIABILITIES) (15,672 ) (13,382 )
TOTAL ASSETS LESS CURRENT LIABILITIES (14,362 ) (8,070 )
NET LIABILITIES (14,362 ) (8,070 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (14,462 ) (8,170 )
SHAREHOLDERS' FUNDS (14,362) (8,070)
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For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Robert Kinninmont
Director
21/11/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
SqueakyClean Software Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12475949 . The registered office is Flat 26 Travers House, 127 Dalmeny Avenue, London, N7 0JJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
Although the balance sheet is currently negative, the director has indicated his willingness to support the company for the foreseeable future, a period not anticipated to be less than one year.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 3 years
2.4. Financial Instruments
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.5. Foreign Currencies
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 rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
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4. Tangible Assets
Computer Equipment
£
Cost
As at 1 March 2023 12,666
As at 29 February 2024 12,666
Depreciation
As at 1 March 2023 7,354
Provided during the period 4,002
As at 29 February 2024 11,356
Net Book Value
As at 29 February 2024 1,310
As at 1 March 2023 5,312
5. Debtors
2024 2023
£ £
Due within one year
Other debtors - 6,781
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other taxes and social security - 255
Director's loan account 16,147 19,919
16,147 20,174
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Robert Kinninmont by virtue of his ownership of 100% of the issued share capital in the company.
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