A Singular Life Limited Filleted accounts for Companies House (small and micro)
A Singular Life Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
10607342
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Statement of Financial Position |
2020 |
2019 |
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Note |
£ |
£ |
Fixed assets
Intangible assets |
5 |
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Tangible assets |
6 |
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– |
--------- |
--------- |
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Current assets
Debtors |
7 |
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Cash at bank and in hand |
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--------- |
------- |
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Creditors: amounts falling due within one year |
8 |
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Net current liabilities |
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Total assets less current liabilities |
(
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(
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Creditors: amounts falling due after more than one year |
9 |
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– |
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Net liabilities |
(
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(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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(
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------------ |
--------- |
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Shareholders deficit |
(
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(
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In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
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Statement of Financial Position (continued) |
These financial statements were approved by the
board of directors
and authorised for issue on
27 January 2021
, and are signed on behalf of the board by:
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Director |
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Company registration number:
10607342
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Notes to the Financial Statements |
Year ended 31 December 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 82 St John Street, London, EC1M 4JN.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Revenue recognition
Income tax
Foreign currencies
Intangible assets
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Development expenditure |
- |
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If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment |
- |
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Impairment of fixed assets
Financial instruments
Defined contribution plans
Share-based payments
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2019:
2
).
5.
Intangible assets
Development costs |
Intellectual property |
Total |
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£ |
£ |
£ |
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Cost |
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At 1 January 2020 |
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Additions |
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– |
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At 31 December 2020 |
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Amortisation |
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At 1 January 2020 and 31 December 2020 |
– |
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Carrying amount |
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At 31 December 2020 |
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At 31 December 2019 |
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6.
Tangible assets
Equipment |
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£ |
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Cost |
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At 1 January 2020 |
– |
Additions |
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------- |
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At 31 December 2020 |
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------- |
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Depreciation |
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At 1 January 2020 |
– |
Charge for the year |
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------- |
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At 31 December 2020 |
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------- |
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Carrying amount |
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At 31 December 2020 |
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------- |
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At 31 December 2019 |
– |
------- |
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7.
Debtors
2020 |
2019 |
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£ |
£ |
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Trade debtors |
– |
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Other debtors |
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– |
--------- |
------- |
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------- |
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8.
Creditors:
amounts falling due within one year
2020 |
2019 |
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£ |
£ |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Social security and other taxes |
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Other creditors |
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9.
Creditors:
amounts falling due after more than one year
2020 |
2019 |
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£ |
£ |
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Other creditors |
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– |
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10.
Share based payments
The company operates an equity based share option scheme with the terms varying by employee. Employees are not entitled to dividends until the shares are exercised.
A reconciliation of share options movements during the year ended 31 December 2020 is shown below:
Outstanding as at 1 January 2020:
134,252- £0.001
Granted during the year:
184,418 - £0.001
Forfeited during the year:
nil - £nil
Exercised during the year:
28,990 - £0.001
Outstanding as at 31 December 2020:
264,680 - £0.001
The company is unable to directly measure the fair value of the share options. Instead the fair value of the share options granted during the year is determined using the Black-Scholes model. The model is internationally recognised as being appropriate to value share options schemes similar to that of the company.
Equity settled schemes - charges arising: £-14,813 (2019 £40,000).
11.
Related party transactions