Company Registration No. 10470676 (England and Wales)
Scape Technologies Ltd.
Unaudited accounts
for the period from 1 December 2018 to 31 October 2019
Scape Technologies Ltd.
Unaudited accounts
Contents
Scape Technologies Ltd.
Company Information
for the period from 1 December 2018 to 31 October 2019
Directors
Daniel Richard Miller
George Henry De Frahan
Huub Heijnen
Toby Rufus Coppel
Secretary
CC Secretaries Limited
Company Number
10470676 (England and Wales)
Registered Office
25 Luke Street
London
EC2A 4DS
United Kingdom
Accountants
The Accountancy Cloud
12-18 Hoxton Street
London
N1 6NG
UK
Scape Technologies Ltd.
Statement of financial position
as at 31 October 2019
Tangible assets
29,397
50,939
Cash at bank and in hand
595,733
3,243,413
Creditors: amounts falling due within one year
(68,834)
(65,009)
Net current assets
608,777
3,299,622
Total assets less current liabilities
638,174
3,350,561
Creditors: amounts falling due after more than one year
-
(44,633)
Net assets
638,174
3,305,928
Called up share capital
209
209
Share premium
6,397,607
6,397,607
Profit and loss account
(5,759,642)
(3,091,888)
Shareholders' funds
638,174
3,305,928
For the period ending 31 October 2019 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.
Approved by the Board on 6 December 2019.
Daniel Richard Miller
Director
Company Registration No. 10470676
Scape Technologies Ltd.
Notes to the Accounts
for the period from 1 December 2018 to 31 October 2019
Scape Technologies Ltd. is a private company, limited by shares, registered in England and Wales, registration number 10470676. The registered office is 25 Luke Street, London, EC2A 4DS, United Kingdom.
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 period, and also have been consistently applied within the same accounts.
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006.
The accounts are presented in £ sterling.
The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. The Company therefore continues to adopt the going concern basis in preparing its financial statements.
Turnover represents net invoiced sales of services, excluding value added tax. Turnover is recognised over the term of any contract and thus apportioned to the relevant accounting period.
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:
Fixtures & fittings
2 years
Computer equipment
2 years
Expenditure on research and development is written off in the year in which it is incurred. Where appropriate, development expenditure is capitalised and amortised over its useful economic life.
Research and development tax credit
During both the current and previous period, Scape Technologies Limited 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.
The comparative financial statements for the year ending 30 November 2018 have been restated to remove an expense of £92,139 relating to the cost of implementing an employee share option scheme.
Scape Technologies Ltd.
Notes to the Accounts
for the period from 1 December 2018 to 31 October 2019
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 December 2018
2,067
79,239
81,306
Additions
258
17,733
17,991
At 31 October 2019
2,325
96,972
99,297
At 1 December 2018
462
29,905
30,367
Charge for the period
991
38,542
39,533
At 31 October 2019
1,453
68,447
69,900
At 31 October 2019
872
28,525
29,397
At 30 November 2018
1,605
49,334
50,939
Accrued income and prepayments
1,363
10,005
Other debtors
75,568
111,213
6
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
68,168
55,603
7
Creditors: amounts falling due after more than one year
2019
2018
8
Average number of employees
During the period the average number of employees was 32 (2018: 25).
