Company Registration No. 11848560 (England and Wales)
SAUCE LABS SOFTWARE UK LIMITED
Unaudited accounts
for the year ended 28 February 2022
SAUCE LABS SOFTWARE UK LIMITED
Unaudited accounts
Contents
SAUCE LABS SOFTWARE UK LIMITED
Company Information
for the year ended 28 February 2022
Directors
Mr Eric Deeds
Mr Paul Kirk Joachim
Company Number
11848560 (England and Wales)
Registered Office
C/O Legalinx Limited 3rd Floor
207 Regent Street
London
W1B 3HH
England
Accountants
OnTheGo Accountants
5 Chancery Lane
London
EC4A 1BL
SAUCE LABS SOFTWARE UK LIMITED
Statement of financial position
as at 28 February 2022
Tangible assets
30,257
8,681
Cash at bank and in hand
476,551
224,905
Creditors: amounts falling due within one year
(971,860)
(400,292)
Net current assets
231,738
187,225
Total assets less current liabilities
261,995
195,906
Provisions for liabilities
Deferred tax
(5,749)
(1,649)
Net assets
256,246
194,257
Called up share capital
1
1
Profit and loss account
256,245
194,256
Shareholders' funds
256,246
194,257
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 30 November 2022 and were signed on its behalf by
Mr Paul Kirk Joachim
Director
Company Registration No. 11848560
SAUCE LABS SOFTWARE UK LIMITED
Notes to the Accounts
for the year ended 28 February 2022
SAUCE LABS SOFTWARE UK LIMITED is a private company, limited by shares, registered in England and Wales, registration number 11848560. The registered office is C/O Legalinx Limited 3rd Floor, 207 Regent Street, London, W1B 3HH, England.
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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
3 years straight line
4
Tangible fixed assets
Computer equipment
At 28 February 2022
38,554
At 28 February 2022
30,257
SAUCE LABS SOFTWARE UK LIMITED
Notes to the Accounts
for the year ended 28 February 2022
Amounts falling due within one year
Accrued income and prepayments
11,072
7,376
Other debtors
351,415
152,840
Amounts falling due after more than one year
Other debtors
340,411
201,914
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
12,001
5,441
Amounts owed to group undertakings and other participating interests
653,811
95,653
Taxes and social security
8,595
35,988
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
8
Transactions with related parties
During the year a total of intercompany sales from Sauce Labs Software UK Limited to Saucelabs Inc totalled £3,385,132 (£1,826,455 - 2021).
As at the year end there was a closing Intercompany Account balance of £653,835 (£207,413 - 2021).
Sauce Labs, Inc owns 100% of the Company's share capital.
10
Average number of employees
During the year the average number of employees was 23 (2021: 18).
