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Company Registration No. 08833758 (England and Wales)
Apps In The Sky LTD Unaudited accounts for the year ended 31 January 2023
Apps In The Sky LTD Unaudited accounts Contents
Page
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Apps In The Sky LTD Company Information for the year ended 31 January 2023
Director
T Gibbons
Company Number
08833758 (England and Wales)
Registered Office
Worting House Church Lanes Worting Basingstoke RG23 8PX
Accountants
Switchfoot Accounting Limited 147 Frimley Road Camberley Surrey GU15 2PS
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Apps In The Sky LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,736 
2,759 
Current assets
Debtors
33,618 
27,390 
Cash at bank and in hand
12 
20 
33,630 
27,410 
Creditors: amounts falling due within one year
(56,469)
(77,589)
Net current liabilities
(22,839)
(50,179)
Total assets less current liabilities
(20,103)
(47,420)
Creditors: amounts falling due after more than one year
(18,667)
(26,667)
Provisions for liabilities
Deferred tax
(524)
(524)
Net liabilities
(39,294)
(74,611)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(39,296)
(74,613)
Shareholders' funds
(39,294)
(74,611)
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 12 October 2023 and were signed on its behalf by
T Gibbons Director Company Registration No. 08833758
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Apps In The Sky LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Apps In The Sky LTD is a private company, limited by shares, registered in England and Wales, registration number 08833758. The registered office is Worting House Church Lanes, Worting, Basingstoke, RG23 8PX.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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 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
33% on a straight line basis
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
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Apps In The Sky LTD Notes to the Accounts for the year ended 31 January 2023
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
1,959 
6,368 
8,327 
Additions
- 
2,292 
2,292 
At 31 January 2023
1,959 
8,660 
10,619 
Depreciation
At 1 February 2022
1,419 
4,149 
5,568 
Charge for the year
392 
1,923 
2,315 
At 31 January 2023
1,811 
6,072 
7,883 
Net book value
At 31 January 2023
148 
2,588 
2,736 
At 31 January 2022
540 
2,219 
2,759 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
28,558 
27,390 
Other debtors
5,060 
- 
33,618 
27,390 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
17,521 
22,620 
VAT
27,855 
30,373 
Trade creditors
489 
38 
Taxes and social security
10,278 
20,493 
Other creditors
326 
4,065 
56,469 
77,589 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
18,667 
26,667 
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Apps In The Sky LTD Notes to the Accounts for the year ended 31 January 2023
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
T Gibbons
Short term interest free loan
60 
5,000 
- 
5,060 
60 
5,000 
- 
5,060 
9
Average number of employees
During the year the average number of employees was 6 (2022: 5).
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