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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1st February 2017 to 31st December 2017 |
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for |
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SmartUp.io Limited |
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REGISTERED NUMBER:
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Unaudited Financial Statements |
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for the Period 1st February 2017 to 31st December 2017 |
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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 Financial Statements |
for the Period 1st February 2017 to 31st December 2017 |
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Page |
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Balance Sheet | 1 |
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Notes to the Financial Statements | 3 |
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SmartUp.io Limited (Registered number: 08855163) |
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Balance Sheet |
31st December 2017 |
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2017 | 2017 |
as restated |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Debtors | 7 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 8 | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
9 |
( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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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. |
SmartUp.io Limited (Registered number: 08855163) |
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Balance Sheet - continued |
31st December 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered. |
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The financial statements were approved by the Board of Directors on
by: |
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SmartUp.io Limited (Registered number: 08855163) |
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Notes to the Financial Statements |
for the Period 1st February 2017 to 31st December 2017 |
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1. | STATUTORY INFORMATION |
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SmartUp.io Limited is a
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registered number and registered office address are as below: |
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Registered number: | 08855163 |
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Registered office: | Northcliffe House |
2 Derry Street |
Kensington |
London |
W8 5TT |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of |
Ireland" and the Companies Act 2006. |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
value added tax and other sales taxes. |
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In respect of contracts for on-going services, turnover represents the value of work done in the period. |
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Intangible assets |
Intangible assets are initially measured at cost, After initial recognition, intangible assets are measured at cost |
less any accumulated amortisation and any accumulated impairment losses. |
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Trademarks are being amortised evenly over their estimates useful life of 10 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 period in which it is incurred. |
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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. |
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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. |
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Fixed asset investment |
Fixed asset investments are stated at cost less provision for permanent diminution in value. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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SmartUp.io Limited (Registered number: 08855163) |
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Notes to the Financial Statements - continued |
for the Period 1st February 2017 to 31st December 2017 |
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4. | INTANGIBLE FIXED ASSETS |
Other |
intangible |
assets |
£ |
COST |
At 1st February 2017 |
and 31st December 2017 |
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AMORTISATION |
At 1st February 2017 |
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Charge for period |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st January 2017 |
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5. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1st February 2017 |
and 31st December 2017 |
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DEPRECIATION |
At 1st February 2017 |
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Charge for period |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st January 2017 |
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6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1st February 2017 |
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Impairments | ( |
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At 31st December 2017 |
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NET BOOK VALUE |
At 31st December 2017 |
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At 31st January 2017 |
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SmartUp.io Limited (Registered number: 08855163) |
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Notes to the Financial Statements - continued |
for the Period 1st February 2017 to 31st December 2017 |
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7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2017 |
as restated |
£ | £ |
Trade debtors |
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Amounts owed by related party |
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Other debtors |
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8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2017 |
as restated |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Taxation and social security |
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Other creditors |
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9. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2017 |
as restated |
£ | £ |
Bank loans |
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The loan is secured by 77,945 share warrants, and over all properties, rights, assets and revenues of SmartUp.io |
limited. |
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10. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2017 | 2017 |
as restated |
£ | £ |
Bank loans |
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SmartUp.io Limited (Registered number: 08855163) |
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Notes to the Financial Statements - continued |
for the Period 1st February 2017 to 31st December 2017 |
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11. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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The following advances and credits to a director subsisted during the period ended 31st December 2017 and the |
year ended 31st January 2017: |
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2017 | 2017 |
as restated |
£ | £ |
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Balance outstanding at start of period |
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Amounts advanced |
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Amounts repaid | ( |
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Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of period |
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The loan to the director is repayable on demand. Interest is charged on loans at the official interest set by |
HMRC. |
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12. | RELATED PARTY DISCLOSURES |
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At the year end, SmartUp.io Limited is due £418,223 (31.01.2017 - £468,398) from companies under common |
ownership. |
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13. | SHARE CAPITAL |
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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 |
21/07/2015 -
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 |
350 |
£0.001 |
12/10/2015-
12/10/2015 |
Unapproved Share Option Scheme |
10/08/2016 |
50 |
£0.001 |
10/08/2016 -
10/08/2026 |
Enterprise Management Incentives |
02/09/2016 |
30 |
£0.001 |
02/09/2016 -
02/09/2026 |
Unapproved Share Option Scheme |
02/09/2016 |
40 |
£0.001 |
02/09/2016-
02/09/2026 |
Unapproved Share Option Scheme |
23/09/2016 |
115 |
£0.001 |
23/09/2016 -
23/09/2026 |
Unapproved Share Option Scheme |
10/11/2016 |
34 |
£0.001 |
10/11/2016 -
10/11/2026 |
Enterprise Management Incentives |
08/02/2017 |
50 |
£0.001 |
08/02/2017-
08/02/2027 |
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During the year 51 shares were exercised at the exercise price of £0.001. |