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Abbreviated Unaudited Accounts for the Year Ended 31 January 2016 |
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SmartUp.io Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts for the Year Ended 31 January 2016 |
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for |
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SmartUp.io Limited |
SmartUp.io Limited (Registered number: 08855163) |
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Contents of the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 2 |
SmartUp.io Limited (Registered number: 08855163) |
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Abbreviated Balance Sheet |
31 January 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Share premium |
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Profit and loss account | ( |
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SHAREHOLDERS' FUNDS |
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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. |
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The financial statements were approved by the Board of Directors on
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SmartUp.io Limited (Registered number: 08855163) |
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Notes to the Abbreviated Accounts |
for the Year Ended 31 January 2016 |
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1. | ACCOUNTING POLICIES |
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Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the |
Financial Reporting Standard for Smaller Entities (effective January 2015). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a |
small company. |
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Trademarks |
Being the amount paid in connection with the Trademark application of the business in 2014, is being amortised |
evenly over its estimated useful life of ten years. |
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Tangible fixed assets |
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Computer equipment | - |
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Research and development |
Expenditure on research and development is written off in the year in which it is incurred. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
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Additions |
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At 31 January 2016 |
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AMORTISATION |
At 1 February 2015 |
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Amortisation for year |
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At 31 January 2016 |
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NET BOOK VALUE |
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At 31 January 2016 |
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At 31 January 2015 |
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SmartUp.io Limited (Registered number: 08855163) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 January 2016 |
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3. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 February 2015 |
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Additions |
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Disposals | ( |
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At 31 January 2016 |
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DEPRECIATION |
At 1 February 2015 |
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Charge for year |
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Eliminated on disposal | ( |
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At 31 January 2016 |
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NET BOOK VALUE |
At 31 January 2016 |
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At 31 January 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid; |
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Number: | Class | Nominal | Share | Share | 2016 | 2015 |
value | Capital | premium |
7000 | Ordinary | £0.001 | £7 | £0 | £7 | £7 |
3494 | Ordinary | £0.001 | £3.49 | £311.81998 | £1,089,499 | £603,291 |
£10.49 | £1,089,506 | £603,298 |
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During the period the company issued 1494 ordinary £0.001 shares at a premium of £325.43986 per share. |
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The company has the following number of ordinary shares issuable under share options. |
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Date of Grant |
Number of
Ordinary Shares Under Option |
Exercise Price |
Exercise Period |
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Unapproved Share Option Scheme |
12/10/2015 |
200 |
£0.001 |
21/07/2016 -
12/10/2025 |
Unapproved Share Option Scheme |
23/11/2015 |
50 |
£0.001 |
23/11/2015 -
23/11/2025 |
Enterprise Management Incentives |
12/10/2015 |
265 |
£0.001 |
12/10/2015 -
12/10/2025 |
SmartUp.io Limited (Registered number: 08855163) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 January 2016 |
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5. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the year ended 31 January 2016 and the period |
ended 31 January 2015: |
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2016 | 2015 |
£ | £ |
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Balance outstanding at start of year |
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Amounts advanced |
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Amounts repaid | ( |
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Balance outstanding at end of year |
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