1 false false false false false false false false false false true false false false false false false No description of principal activity 2022-04-01 Sage Accounts Production Advanced 2023 - FRS102_2023 51,178 32,898 5,740 38,638 12,540 18,280 xbrli:pure xbrli:shares iso4217:GBP SC483799 2022-04-01 2023-03-31 SC483799 2023-03-31 SC483799 2022-03-31 SC483799 2021-04-01 2022-03-31 SC483799 2022-03-31 SC483799 2021-03-31 SC483799 core:FurnitureFittings 2022-04-01 2023-03-31 SC483799 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 SC483799 bus:Director4 2022-04-01 2023-03-31 SC483799 core:FurnitureFittings 2022-03-31 SC483799 core:FurnitureFittings 2023-03-31 SC483799 core:AfterOneYear 2023-03-31 SC483799 core:AfterOneYear 2022-03-31 SC483799 core:WithinOneYear 2023-03-31 SC483799 core:WithinOneYear 2022-03-31 SC483799 core:ShareCapital 2023-03-31 SC483799 core:ShareCapital 2022-03-31 SC483799 core:RetainedEarningsAccumulatedLosses 2023-03-31 SC483799 core:RetainedEarningsAccumulatedLosses 2022-03-31 SC483799 core:FurnitureFittings 2022-03-31 SC483799 bus:SmallEntities 2022-04-01 2023-03-31 SC483799 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 SC483799 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 SC483799 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 SC483799 bus:FullAccounts 2022-04-01 2023-03-31 SC483799 bus:OrdinaryShareClass1 2023-03-31 SC483799 bus:OrdinaryShareClass1 2022-03-31 SC483799 core:ComputerSoftware 2022-04-01 2023-03-31 SC483799 core:ComputerEquipment 2022-04-01 2023-03-31 SC483799 core:ComputerSoftware 2023-03-31 SC483799 core:ComputerSoftware 2022-03-31 SC483799 core:ComputerEquipment 2023-03-31 SC483799 core:ComputerEquipment 2022-03-31
COMPANY REGISTRATION NUMBER: SC483799
Assure APM Limited
Filleted Unaudited Financial Statements
For the year ended
31 March 2023
Assure APM Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Intangible assets
5
12,540
18,280
Tangible assets
6
1,062
--------
--------
12,540
19,342
Current assets
Debtors
7
256,559
259,968
Cash at bank and in hand
104,119
373,889
---------
---------
360,678
633,857
Creditors: amounts falling due within one year
8
343,207
574,041
---------
---------
Net current assets
17,471
59,816
--------
--------
Total assets less current liabilities
30,011
79,158
Creditors: amounts falling due after more than one year
9
22,500
32,500
Provisions
404
--------
--------
Net assets
7,511
46,254
--------
--------
Capital and reserves
Called up share capital
10
100
100
Profit and loss account
7,411
46,154
-------
--------
Shareholders funds
7,511
46,254
-------
--------
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 statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Assure APM Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 16 November 2023 , and are signed on behalf of the board by:
Mr D More
Director
Company registration number: SC483799
Assure APM Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Forth House, Rutland Square, EH1 2BW, Edinburgh.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going Concern The financial statements have been prepared on a going concern basis. The director has assessed the Company's ability to continue as a going concern and has a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis of accounting in preparing these financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably. Revenue from services encompasses consultancy income and support and maintenance income. Revenue from consultancy is recognised when the service is rendered. Revenue from support and maintenance is initially held as deferred income in the Statement of Financial Position, and subsequently recognised as turnover in the Statement of Income on a straight line basis over the life of the contract.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
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:
Computer Software
-
33% straight line
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.
Tangible assets
Tangible assets are initially recorded at cost, and 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:
Fixtures and fittings
-
20% straight line
Computer Equipment
-
33% straight line
Impairment of fixed assets
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.
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 as a finance cost in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial assets, which include trade debtors, prepaid expenses and cash at bank, 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. Basic financial liabilities, which include trade and other creditors, accrued expenses and a directors loan account 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. At each reporting date the company assesses whether there is objective evidence that any financial asset has been impaired. A provision for impairment is established when there is objective evidence that the company will not be able to collect all amounts due. The amount of the provision is recognised immediately in profit or loss.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Intangible assets
Computer Software
£
Cost
At 1 April 2022 and 31 March 2023
51,178
--------
Amortisation
At 1 April 2022
32,898
Charge for the year
5,740
--------
At 31 March 2023
38,638
--------
Carrying amount
At 31 March 2023
12,540
--------
At 31 March 2022
18,280
--------
6. Tangible assets
Fixtures and fittings
Computer Equipment
Total
£
£
£
Cost
At 1 April 2022 and 31 March 2023
204
7,136
7,340
----
-------
-------
Depreciation
At 1 April 2022
163
6,115
6,278
Charge for the year
41
1,021
1,062
----
-------
-------
At 31 March 2023
204
7,136
7,340
----
-------
-------
Carrying amount
At 31 March 2023
----
-------
-------
At 31 March 2022
41
1,021
1,062
----
-------
-------
7. Debtors
2023
2022
£
£
Other debtors
256,559
259,968
---------
---------
8. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
1,666
205,731
Corporation tax
15,569
Social security and other taxes
8,147
21,629
Other creditors
333,394
331,112
---------
---------
343,207
574,041
---------
---------
9. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
22,500
32,500
--------
--------
10. Called up share capital
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----