1 June 2022 false No description of principal activity Taxfiler 2023.10 07250556business:PrivateLimitedCompanyLtd2022-06-012023-05-31 072505562022-05-31 072505562022-06-012023-05-31 07250556business:AuditExemptWithAccountantsReport2022-06-012023-05-31 07250556business:FilletedAccounts2022-06-012023-05-31 072505562023-05-31 07250556business:Director12022-06-012023-05-31 07250556business:RegisteredOffice2022-06-012023-05-31 072505562022-05-31 07250556core:WithinOneYear2023-05-31 07250556core:WithinOneYear2022-05-31 07250556core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 07250556core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 07250556core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 07250556core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 07250556core:PreviouslyStatedAmount2023-05-31 07250556core:PreviouslyStatedAmount2022-05-31 07250556business:SmallEntities2022-06-012023-05-31 07250556countries:EnglandWales2022-06-012023-05-31 07250556core:PlantMachinery2022-06-012023-05-31 07250556core:FurnitureFittings2022-06-012023-05-31 07250556core:ComputerEquipment2022-06-012023-05-31 07250556core:PlantMachinery2022-05-31 07250556core:ComputerEquipment2022-05-31 07250556core:PlantMachinery2023-05-31 07250556core:ComputerEquipment2023-05-31 072505562021-06-012022-05-31 iso4217:GBP xbrli:pure
Company Registration No. 07250556 (England and Wales)
Appstractor Corporation (UK) Ltd Unaudited accounts for the year ended 31 May 2023
Appstractor Corporation (UK) Ltd Unaudited accounts Contents
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Appstractor Corporation (UK) Ltd Company Information for the year ended 31 May 2023
Director
Mr C I Ciungan
Company Number
07250556 (England and Wales)
Registered Office
Churchill House 137 - 139 Brent Street London NW4 4DJ
Accountants
1g Accountants 71 Cheyne Walk London NW4 3QU
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Appstractor Corporation (UK) Ltd Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,311 
1,924 
Current assets
Inventories
1,983 
2,728 
Debtors
40,451 
39,089 
Cash at bank and in hand
187,056 
96,711 
229,490 
138,528 
Creditors: amounts falling due within one year
(11,110)
(149,258)
Net current assets/(liabilities)
218,380 
(10,730)
Total assets less current liabilities
219,691 
(8,806)
Provisions for liabilities
Deferred tax
(249)
(365)
Net assets/(liabilities)
219,442 
(9,171)
Capital and reserves
Called up share capital
900 
900 
Profit and loss account
218,542 
(10,071)
Shareholders' funds
219,442 
(9,171)
For the year ending 31 May 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 16 November 2023 and were signed on its behalf by
Mr C I Ciungan Director Company Registration No. 07250556
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Appstractor Corporation (UK) Ltd Notes to the Accounts for the year ended 31 May 2023
1
Statutory information
Appstractor Corporation (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07250556. The registered office is Churchill House, 137 - 139 Brent Street, London, NW4 4DJ.
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 financial statements are presented in Sterling, which is the functional currency of the company.
Turnover
Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. The company recognises revenue when: The amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Transactions denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.
Tax
The tax expense for the period comprises current tax and any adjustments arising in respect of any R&D tax credit. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
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Appstractor Corporation (UK) Ltd Notes to the Accounts for the year ended 31 May 2023
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% reducing balance
Trade debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 June 2022
5,743 
3,882 
9,625 
At 31 May 2023
5,743 
3,882 
9,625 
Depreciation
At 1 June 2022
5,400 
2,301 
7,701 
Charge for the year
86 
527 
613 
At 31 May 2023
5,486 
2,828 
8,314 
Net book value
At 31 May 2023
257 
1,054 
1,311 
At 31 May 2022
343 
1,581 
1,924 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,491 
38,129 
Other debtors
960 
960 
40,451 
39,089 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
2,542 
2,751 
Amounts owed to group undertakings and other participating interests
- 
120,170 
Loans from directors
- 
266 
Accruals
8,568 
26,071 
11,110 
149,258 
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Appstractor Corporation (UK) Ltd Notes to the Accounts for the year ended 31 May 2023
7
Average number of employees
During the year the average number of employees was 1 (2022: 3).
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