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31/12/2022
2022-12-31
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No description of principal activities is disclosed
2022-01-01
Sage Accounts Production 21.0 - FRS102_2021
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2022-01-01
2022-12-31
13102180
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13102180
2021-01-01
2021-12-31
13102180
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13102180
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1
2022-01-01
2022-12-31
Company registration number:
13102180
Typeform UK Limited
Unaudited filleted abridged financial statements
31 December 2022
Typeform UK Limited
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Notes to the financial statements
Typeform UK Limited
Directors and other information
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Directors |
Mr J Lecha Soler |
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Mr M Bannon |
(Appointed 25 August 2023) |
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Secretary |
OHS Secretaries Limited |
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Company number |
13102180 |
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Registered office |
9th Floor |
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107 Cheapside |
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London |
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United Kingdom |
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EC2V 6DN |
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Accountants |
Carson and Trotter |
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Chartered Accountants |
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123 Irish Street |
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Dumfries |
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DG1 2PE |
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Typeform UK Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Typeform UK Limited
Year ended 31 December 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Typeform UK Limited for the year ended 31 December 2022 which comprise the abridged statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of ICAS , we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of Typeform UK Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Typeform UK Limited and state those matters that we have agreed to state to the board of directors of Typeform UK Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Typeform UK Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Typeform UK Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Typeform UK Limited. You consider that Typeform UK Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Typeform UK Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carson and Trotter
Chartered Accountants
123 Irish Street
Dumfries
DG1 2PE
26 September 2023
Typeform UK Limited
Abridged statement of financial position
31 December 2022
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2022 |
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2021 |
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Note |
£ |
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£ |
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£ |
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£ |
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Fixed assets |
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Tangible assets |
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5 |
50,570 |
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39,319 |
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_______ |
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_______ |
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50,570 |
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39,319 |
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Current assets |
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Debtors |
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65,909 |
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2,155,447 |
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Cash at bank and in hand |
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953,274 |
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7,464 |
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_______ |
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_______ |
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1,019,183 |
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2,162,911 |
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Creditors: amounts falling due |
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within one year |
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(
774,909) |
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(
2,107,266) |
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_______ |
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_______ |
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Net current assets |
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244,274 |
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55,645 |
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_______ |
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Total assets less current liabilities |
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294,844 |
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94,964 |
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Provisions for liabilities |
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(
12,643) |
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(
7,471) |
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_______ |
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Net assets |
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282,201 |
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87,493 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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6 |
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3,000 |
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3,000 |
Profit and loss account |
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279,201 |
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84,493 |
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_______ |
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Shareholder funds |
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282,201 |
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87,493 |
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_______ |
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_______ |
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For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
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The member has 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and all members of the company have consented to the preparation of an abridged balance sheet in accordance with section 444(2A) of the Companies Act 2006.
These financial statements were approved by the
board of directors
and authorised for issue on
26 September 2023
, and are signed on behalf of the board by:
Mr M Bannon
Director
Company registration number:
13102180
Typeform UK Limited
Notes to the financial statements
Year ended 31 December 2022
1.
General information
The company is a private company limited by shares, registered in England. The address of the registered office is 9th Floor, 107 Cheapside, London, United Kingdom, EC2V 6DN.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to profit or loss.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
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Computer equipment |
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33.33 % |
straight line |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Staff costs
The average number of persons employed by the company during the year amounted to
47
(2021:
16
).
The aggregate payroll costs incurred during the year were:
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2022 |
2021 |
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£ |
£ |
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Wages and salaries |
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5,780,137 |
1,302,636 |
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Social security costs |
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650,823 |
384,935 |
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_______ |
_______ |
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6,430,960 |
1,687,571 |
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_______ |
_______ |
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5.
Tangible assets
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£ |
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Cost |
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At 1 January 2022 |
43,689 |
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Additions |
32,353 |
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_______ |
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At 31 December 2022 |
76,042 |
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_______ |
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Depreciation |
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At 1 January 2022 |
4,370 |
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Charge for the period |
21,102 |
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_______ |
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At 31 December 2022 |
25,472 |
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_______ |
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Carrying amount |
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At 31 December 2022 |
50,570 |
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_______ |
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At 31 December 2021 |
39,319 |
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_______ |
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6.
Called up share capital
Issued, called up and fully paid
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2022 |
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2021 |
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No |
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£ |
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No |
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£ |
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Ordinary shares of £
1.00 each |
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3,000 |
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3,000 |
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3,000 |
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3,000 |
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_______ |
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7.
Related party transactions
The directors have taken advantage of the exemption in FRS102 from disclosing related party transactions with group companies on the grounds that the company is a subsidiary undertaking where 100% of the voting rights are controlled within the group, and the consolidated financial statements in which the company is included are publicly available.
8.
Controlling party
The ultimate controlling party of the company is its parent company, Typeform, S.L., an entity registered in Spain, who owns 100% of the shareholding. Typeform S.L. has the registered office address of Carrer de Pallars 108, Barcelona, 08018, Spain.