| Sansible Wearables Ltd. |
| Registered number: |
SC447369 |
| Balance Sheet |
| as at 30 April 2021 |
|
| Notes |
|
|
2021 |
|
|
2020 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
2,690 |
|
|
2,157 |
|
| Current assets |
| Debtors |
4 |
|
13,282 |
|
|
8,015 |
| Cash at bank and in hand |
|
|
29,926 |
|
|
964 |
|
|
|
43,208 |
|
|
8,979 |
|
| Creditors: amounts falling due within one year |
5 |
|
(65,010) |
|
|
(27,980) |
|
| Net current liabilities |
|
|
|
(21,802) |
|
|
(19,001) |
|
| Total assets less current liabilities |
|
|
|
(19,112) |
|
|
(16,844) |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(2,450) |
|
|
(5,717) |
|
|
|
| Net liabilities |
|
|
|
(21,562) |
|
|
(22,561) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
109 |
|
|
109 |
| Share premium |
|
|
|
29,990 |
|
|
29,990 |
| Profit and loss account |
|
|
|
(51,661) |
|
|
(52,660) |
|
| Shareholders' funds |
|
|
|
(21,562) |
|
|
(22,561) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Dr Jack Ng |
| Director |
| Approved by the board on 23 December 2021 |
|
| Sansible Wearables Ltd. |
| Notes to the Accounts |
| for the year ended 30 April 2021 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The presentation currency of these accounts is sterling. |
|
|
Going Concern |
|
The Company is reliant on its investors and creditors in order to continue trading. A fund raising process is anticipated in the near future and the director is of the opinion that it is appropriate to continue to prepare the accounts on a Going Concern basis. |
|
|
Turnover |
|
Turnover comprises value of goods and services supplied by the company exclusive of value added tax and trade discounts. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are stated at cost less accumulative depreciation. Depreciation has been provided on all tangible fixed assets at the following rate in order to write off the assets over their estimated useful lives: |
|
|
Office equipment |
25% straight line |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2021 |
|
2020 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Office Equipment |
| £ |
|
Cost |
|
At 1 May 2020 |
5,100 |
|
Additions |
1,514 |
|
At 30 April 2021 |
6,614 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2020 |
2,943 |
|
Charge for the year |
981 |
|
At 30 April 2021 |
3,924 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2021 |
2,690 |
|
At 30 April 2020 |
2,157 |
|
|
| 4 |
Debtors |
2021 |
|
2020 |
| £ |
£ |
|
|
Other debtors |
13,282 |
|
8,015 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Taxation and social security costs |
289 |
|
822 |
|
Other creditors |
64,721 |
|
27,158 |
|
|
|
|
|
|
65,010 |
|
27,980 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2021 |
|
2020 |
| £ |
£ |
|
|
Other creditors |
2,450 |
|
5,717 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Other information |
|
|
Sansible Wearables Ltd. is a private company limited by shares and incorporated in Scotland. Its registered office is: |
|
Bright Red Triangle Sansible Wearables |
|
Edinburgh Napier University |
|
10 Colinton Road |
|
Edinburgh |
|
EH10 5DT |
