Company Registration No. 10602161 (England and Wales)
Spill App Ltd
Unaudited accounts
for the year ended 28 February 2022
Spill App Ltd
Unaudited accounts
Contents
Spill App Ltd
Company Information
for the year ended 28 February 2022
Directors
Calvin Benton
Eileen Burbidge
Francesca Isabel Warner
Company Number
10602161 (England and Wales)
Registered Office
9th Floor
107 Cheapside
London
EC2V 6DN
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Spill App Ltd
Statement of financial position
as at
28 February 2022
Tangible assets
19,874
1,039
Cash at bank and in hand
2,816,516
1,532,991
Creditors: amounts falling due within one year
(199,435)
(66,798)
Net current assets
2,669,808
1,538,725
Net assets
2,689,682
1,539,764
Called up share capital
6
7
Share premium
2,752,848
2,404,828
Capital contribution reserve
1,670,000
-
Profit and loss account
(1,733,172)
(865,071)
Shareholders' funds
2,689,682
1,539,764
For the year ending 28 February 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 5 July 2022 and were signed on its behalf by
Calvin Benton
Director
Company Registration No. 10602161
Spill App Ltd
Notes to the Accounts
for the year ended 28 February 2022
Spill App Ltd is a private company, limited by shares, registered in England and Wales, registration number 10602161. The registered office is 9th Floor , 107 Cheapside, London, EC2V 6DN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
Straight line over 5 years
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Research and Development tax credit
During the financial year, Spill App Ltd received a tax credit for qualifying research and development expenditure under the Research and Development Tax relief scheme. This is presented as a tax repayment in the Statement of Profit or Loss in line with disclosure requirements under FRS 102.
Capital Contribution Reserve
Capital Contribution Reserve relates to an Advanced Subscription Agreement for the year ended Feb'22.
Spill App Ltd
Notes to the Accounts
for the year ended 28 February 2022
4
Tangible fixed assets
Computer equipment
Cost or valuation
At cost
At 28 February 2022
21,092
Charge for the year
1,058
At 28 February 2022
1,218
At 28 February 2022
19,874
At 28 February 2021
1,039
5
Debtors: amounts falling due within one year
2022
2021
Trade debtors
32,982
72,532
Accrued income and prepayments
19,745
-
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
134,498
14,396
Taxes and social security
-
12,801
Other creditors
947
2,634
Loans from directors
-
1,024
7
Average number of employees
During the year the average number of employees was 18 (2021: 7).