Company Registration No. 11848560 (England and Wales)
SAUCE LABS SOFTWARE UK LIMITED
Unaudited accounts
for the period from 29 February 2020 to 28 February 2021
SAUCE LABS SOFTWARE UK LIMITED
Unaudited accounts
Contents
SAUCE LABS SOFTWARE UK LIMITED
Company Information
for the period from 29 February 2020 to 28 February 2021
Directors
Eric Deeds
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 2021
Cash at bank and in hand
224,905
183,961
Creditors: amounts falling due within one year
(400,292)
(395,485)
Net current assets
187,225
34,948
Total assets less current liabilities
195,906
34,948
Provisions for liabilities
Called up share capital
1
1
Profit and loss account
194,256
34,947
Shareholders' funds
194,257
34,948
For the period ending 28 February 2021 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 22 November 2021 and were signed on its behalf by
Paul Kirk Joachim
Director
Company Registration No. 11848560
SAUCE LABS SOFTWARE UK LIMITED
Notes to the Accounts
for the period from 29 February 2020 to 28 February 2021
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 period, 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
SAUCE LABS SOFTWARE UK LIMITED
Notes to the Accounts
for the period from 29 February 2020 to 28 February 2021
5
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
7,376
4,474
Other debtors
152,840
99,206
Debtors: amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
5,441
1,068
Amounts owed to group undertakings and other participating interests
95,653
1
Taxes and social security
35,988
8,197
7
Deferred taxation
2021
2020
Accelerated capital allowances
1,649
-
Charged to the profit and loss account
1,649
-
Provision at end of period
1,649
-
Allotted, called up and fully paid:
100 Ordinary shares of £0.01 each
1
1
9
Transactions with related parties
During the year a total of intercompany sales from Sauce Labs Software UK Limited to Saucelabs Inc totalled £1,826,455 (£nil 2020).
As at the year end there was a closing Intercompany Account balance of £207,413 (£nil 2020).
Sauce Labs, Inc owns 100% of the Company's share capital.
SAUCE LABS SOFTWARE UK LIMITED
Notes to the Accounts
for the period from 29 February 2020 to 28 February 2021
11
Average number of employees
During the period the average number of employees was 18 (2020: 8).
