REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2022 |
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THE SMART REQUEST COMPANY LTD |
REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 30 JUNE 2022 |
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FOR |
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THE SMART REQUEST COMPANY LTD |
THE SMART REQUEST COMPANY LTD (REGISTERED NUMBER: 11338545) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
for the year ended 30 JUNE 2022 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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THE SMART REQUEST COMPANY LTD |
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COMPANY INFORMATION |
for the year ended 30 JUNE 2022 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
1 High Street |
Thatcham |
Berks |
RG19 3JG |
THE SMART REQUEST COMPANY LTD (REGISTERED NUMBER: 11338545) |
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BALANCE SHEET |
30 JUNE 2022 |
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30.6.22 | 30.6.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investments | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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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 |
8 |
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NET ASSETS/(LIABILITIES) |
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( |
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CAPITAL AND RESERVES |
Called up share capital | 9 |
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Share premium | 10 |
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Other reserves | 10 |
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Retained earnings | 10 | ( |
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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. |
THE SMART REQUEST COMPANY LTD (REGISTERED NUMBER: 11338545) |
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BALANCE SHEET - continued |
30 JUNE 2022 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors and authorised for issue on
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THE SMART REQUEST COMPANY LTD (REGISTERED NUMBER: 11338545) |
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NOTES TO THE FINANCIAL STATEMENTS |
for the year ended 30 JUNE 2022 |
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1. | STATUTORY INFORMATION |
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The Smart Request Company Ltd is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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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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Tangible fixed assets |
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Office equipment | - |
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Investments in subsidiaries |
Investments in subsidiary undertakings are recognised at cost. |
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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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
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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. |
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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. |
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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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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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THE SMART REQUEST COMPANY LTD (REGISTERED NUMBER: 11338545) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 JUNE 2022 |
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4. | TANGIBLE FIXED ASSETS |
Office |
equipment |
£ |
COST |
At 1 July 2021 |
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Additions |
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At 30 June 2022 |
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DEPRECIATION |
At 1 July 2021 |
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Charge for year |
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At 30 June 2022 |
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NET BOOK VALUE |
At 30 June 2022 |
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At 30 June 2021 |
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5. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 July 2021 |
and 30 June 2022 |
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NET BOOK VALUE |
At 30 June 2022 |
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At 30 June 2021 |
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The company's investments at the Balance Sheet date in the share capital of companies include the following: |
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Registered office: 1 High Street, Thatcham, Berkshire, RG19 3JG. |
Nature of business:
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Class of shares: | holding |
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30.6.22 | 30.6.21 |
£ | £ |
Aggregate capital and reserves |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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THE SMART REQUEST COMPANY LTD (REGISTERED NUMBER: 11338545) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 JUNE 2022 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
30.6.22 | 30.6.21 |
£ | £ |
Other creditors |
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The above amount includes £1,846,034 (2021 £1,162,800) Convertible loans and interest accrued thereon. This includes £570,000 principal loan from The Future Fund, matched by other investors. These loans are unsecured convertible and have a 36 months maturity with an interest rate of 8%. These loans meet the conditions to be treated as liabilities in accordance with FRS 102.The full amount of these convertible loans and interest has been converted into shares after the year end. |
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Post conversion of the Future Fund loan to equity, the outstanding £50,000 loan, also included above, from a director to the company was also repaid. |
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9. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.22 | 30.6.21 |
value: | £ | £ |
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ordinary | £0.00 | 1 | 1,181 | 1,103 |
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77,784 ordinary shares of £0.001 each were allotted as fully paid during the year, at a total premium of £2,114,630. |
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10. | RESERVES |
Retained | Share | Other |
earnings | premium | reserves | Totals |
£ | £ | £ | £ |
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At 1 July 2021 | ( |
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(901,608 | ) |
Deficit for the year | ( |
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Additional ordinary share |
issue | - | 2,114,629 | - | 2,114,629 |
Convertible loan awaiting |
conversion into equity | - | - | 3,100,342 | 3,100,342 |
At 30 June 2022 | ( |
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2,083,290 |
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Other reserves is made up of a convertible loan that was awaiting FCA approval to be converted into shares. This converted after the year end into 114,038 ordinary shares. |
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11. | ULTIMATE CONTROLLING PARTY |
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The ultimate control rests with the company's directors. |
THE SMART REQUEST COMPANY LTD (REGISTERED NUMBER: 11338545) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
for the year ended 30 JUNE 2022 |
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12. | SHARE-BASED PAYMENT TRANSACTIONS |
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Under share options issued the following employees of the company have the right to obtain the following numbers of shares at an exercise price of £5.20. |
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Name of recipient |
Number of EMI option
shares to be granted |
Francesca Rossi | 2,783 |
Jo Tapping | 2,724 |
Toby Grainge | 2,532 |