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REGISTERED NUMBER: 04816468 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Squiz UK Limited

Squiz UK Limited (Registered number: 04816468)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Squiz UK Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: S M Barker
J P Syriatowicz





SECRETARY: Mrs A S Lockett





REGISTERED OFFICE: Huckletree Liverpool Street
1 Primrose Street
London
EC2A 2JN





REGISTERED NUMBER: 04816468 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Squiz UK Limited (Registered number: 04816468)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 134,017 608,503
Investments 6 - 81
134,017 608,584

CURRENT ASSETS
Debtors 7 2,688,140 1,622,883
Cash at bank 1,029,374 383,303
3,717,514 2,006,186
CREDITORS
Amounts falling due within one year 8 5,169,458 4,350,532
NET CURRENT LIABILITIES (1,451,944 ) (2,344,346 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(1,317,927

)

(1,735,762

)

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (1,318,027 ) (1,735,862 )
SHAREHOLDERS' FUNDS (1,317,927 ) (1,735,762 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 March 2025 and were signed on its behalf by:



J P Syriatowicz - Director


Squiz UK Limited (Registered number: 04816468)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Squiz UK Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.

Where a contract has only been partially completed at the balance sheet date, turnover represents the value of the service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - the period of the lease
Fixtures and fittings - 20% on cost
Computer equipment - at varying rates on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Squiz UK Limited (Registered number: 04816468)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 43 (2023 - 45 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 335,815
AMORTISATION
At 1 July 2023
and 30 June 2024 335,815
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short and Computer
leasehold fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 1,418,794 11,079 1,756,426 3,186,299
Additions - 1,195 9,304 10,499
Disposals (1,418,794 ) - (123,109 ) (1,541,903 )
At 30 June 2024 - 12,274 1,642,621 1,654,895
DEPRECIATION
At 1 July 2023 1,114,769 6,391 1,456,636 2,577,796
Charge for year 152,012 2,374 178,733 333,119
Eliminated on disposal (1,266,781 ) - (123,256 ) (1,390,037 )
At 30 June 2024 - 8,765 1,512,113 1,520,878
NET BOOK VALUE
At 30 June 2024 - 3,509 130,508 134,017
At 30 June 2023 304,025 4,688 299,790 608,503

Squiz UK Limited (Registered number: 04816468)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 July 2023 81
Disposals (81 )
At 30 June 2024 -
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 81

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 824,044 898,867
Other debtors 1,864,096 724,016
2,688,140 1,622,883

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 102,773 102,550
Taxation and social security 567,364 551,268
Other creditors 4,499,321 3,696,714
5,169,458 4,350,532

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 21,281 -

10. CAPITAL COMMITMENTS
2024 2023
£    £   
Contracted but not provided for in the
financial statements - 420,111

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Squiz Pty Limited.

12. GOING CONCERN

There was a net deficiency of reserves amounting to £1,318,027 at the Balance Sheet date. The parent company has confirmed their continued support to the Company, and will ensure that the Company retains sufficient working capital to continue trading for the foreseeable future.