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Registered number: 15090020
SCIPHERX TECHNOLOGY LABS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE PERIOD ENDED 31 AUGUST 2024
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SCIPHERX TECHNOLOGY LABS LIMITED
REGISTERED NUMBER: 15090020
BALANCE SHEET
AS AT 31 AUGUST 2024
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Total assets less current liabilities
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The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.
The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 May 2025.
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SCIPHERX TECHNOLOGY LABS LIMITED
REGISTERED NUMBER: 15090020
BALANCE SHEET (CONTINUED)
AS AT 31 AUGUST 2024
The notes on pages 4 to 7 form part of these financial statements.
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SCIPHERX TECHNOLOGY LABS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 AUGUST 2024
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Comprehensive income for the period
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Contributions by and distributions to owners
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Shares issued during the period
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The notes on pages 4 to 7 form part of these financial statements.
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SCIPHERX TECHNOLOGY LABS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
ScipherX Technology Labs Limited is a private company (registered number: 15090020), limited by shares, registered in England and Wales. The registered office address is 10 Queen Street Place, London,United Kingdom EC4R 1AG.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The following principal accounting policies have been applied:
The directors have reviewed the company's liabilities over the next 12 months and consider the business to be a going concern on the assumption that financial support will be available from the shareholders for the foreseeable future and at least for 12 months from the date of the approval of these financial statements which will ensure that all financial commitments can be met when they fall due in the current economic environment.
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SCIPHERX TECHNOLOGY LABS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
2.Accounting policies (continued)
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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The average monthly number of employees, including directors, during the period was 1.
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SCIPHERX TECHNOLOGY LABS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
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Cash and cash equivalents
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SCIPHERX TECHNOLOGY LABS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2024
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Allotted, called up and fully paid
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520,000 A Ordinary shares of £0.001 each
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320,000 B Ordinary shares of £0.001 each
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160,000 C Ordinary shares of £0.001 each
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Upon incorporation, 520,000 A ordinary shares of £0.001, 320,000 B ordinary shares of £0.001 and 160,000 C ordinary shares of £0.001, each were issued and paid at par.
Other reserves
The other reserves account contains monies received in advance of shares to be issued.
Profit and loss
The profit and loss account comprises of all current period retained losses.
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Related party transactions
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The Director has identified that, during the reporting period, he and other key personnel have performed services for the company without receiving remuneration.
The unpaid work is considered to be both material in value and significant to the understanding of the company’s financial position and operations. Were these services to have been provided on a commercial basis, the cost to the company would have been substantial.
No amounts have been charged to the profit and loss account in respect of these services, and no amounts are outstanding at the period-end.
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