Bright AccountsProduction v1.0.0 v1.0.0 2022-04-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the provision of online marketing services. 17 November 2023 0 0 10620067 2023-03-31 10620067 2022-03-31 10620067 2021-03-31 10620067 2022-04-01 2023-03-31 10620067 2021-04-01 2022-03-31 10620067 uk-bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 10620067 uk-curr:PoundSterling 2022-04-01 2023-03-31 10620067 uk-bus:AbridgedAccounts 2022-04-01 2023-03-31 10620067 uk-core:ShareCapital 2023-03-31 10620067 uk-core:ShareCapital 2022-03-31 10620067 uk-core:RetainedEarningsAccumulatedLosses 2023-03-31 10620067 uk-core:RetainedEarningsAccumulatedLosses 2022-03-31 10620067 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-03-31 10620067 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-03-31 10620067 uk-bus:FRS102 2022-04-01 2023-03-31 10620067 uk-core:CopyrightsPatentsTrademarksServiceOperatingRights 2022-04-01 2023-03-31 10620067 uk-core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 10620067 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-04-01 2023-03-31 10620067 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-31 10620067 uk-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-03-31 10620067 2022-04-01 2023-03-31 10620067 uk-bus:CompanySecretaryDirector1 2022-04-01 2023-03-31 10620067 uk-bus:Director2 2022-04-01 2023-03-31 10620067 uk-bus:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
Apps4 Web Media Limited
 
Abridged Unaudited Financial Statements
 
for the financial year ended 31 March 2023



Apps4 Web Media Limited
ABRIDGED PROFIT AND LOSS ACCOUNT
for the financial year ended 31 March 2023
2023 2022
Notes £ £

Gross profit 687,239 325,769
 
Administrative expenses (353,034) (143,897)
Other operating income 2,089 12,047
───────── ─────────
Operating profit 336,294 193,919
 
Interest payable and similar expenses (588) (343)
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Profit before taxation 335,706 193,576
 
Tax on profit (65,211) (36,744)
───────── ─────────
Profit for the financial year 270,495 156,832
───────── ─────────
Total comprehensive income 270,495 156,832
    ═════════   ═════════



Apps4 Web Media Limited
Company Registration Number: 10620067
ABRIDGED BALANCE SHEET
as at 31 March 2023

2023 2022
Notes £ £
 
Fixed Assets
Intangible assets 4 20,468 6,300
Tangible assets 5 1,633 476
───────── ─────────
22,101 6,776
───────── ─────────
 
Current Assets
Debtors 271,408 112,773
Cash and cash equivalents 173,841 102,229
───────── ─────────
445,249 215,002
───────── ─────────
Creditors: amounts falling due within one year (180,207) (199,843)
───────── ─────────
Net Current Assets 265,042 15,159
───────── ─────────
Total Assets less Current Liabilities 287,143 21,935
 
Creditors:
amounts falling due after more than one year (11,207) (16,494)
───────── ─────────
Net Assets 275,936 5,441
═════════ ═════════
 
Capital and Reserves
Called up share capital 1 1
Retained earnings 275,935 5,440
───────── ─────────
Equity attributable to owners of the company 275,936 5,441
═════════ ═════════
 
The financial statements have been prepared 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).
           
All of the members have consented to the preparation of abridged accounts in accordance with section 444(2A) of the Companies Act 2006.
           
The company has taken advantage of the exemption under section 444 not to file the Directors' Report.
For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
           
Approved by the Board and authorised for issue on 17 November 2023 and signed on its behalf by
           
           
Alex Windsor          
Director          
           
           
Stephen McBrinn
Director
           



Apps4 Web Media Limited
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS
for the financial year ended 31 March 2023

   
1. General Information
 
Apps4 Web Media Limited is a company limited by shares incorporated and registered in the United Kingdom. The registered number of the company is 10620067. The registered office of the company is Genesis Centre Office S20, Innovation Way, Stoke-On-Trent, ST6 4BF, England. The nature of the company's operations and its principal activities are set out in the Directors' Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 March 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006. These are the company's first set of financial statements prepared in accordance with FRS 102.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of services supplied by the company, exclusive of trade discounts and value added tax.
 
Amortisation of Intangible Assets
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 5 years.
 
Website Costs Website costs
Website Costs Website costs are valued at cost less accumulated amortisation.
 
Amortisation is calculated to write off the cost in equal annual instalments over their estimated useful life of 0 years.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 33% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.
 
Government grants
Capital grants received and receivable are treated as deferred income and amortised to the Profit and Loss Account annually over the useful economic life of the asset to which it relates. Revenue grants are credited to the Profit and Loss Account when received.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Research and development
Development expenditure is written off in the same financial year unless the directors are satisfied as to the technical, commercial and financial viability of individual projects. In this situation, the expenditure is deferred and amortised over the period from which the company is expected to benefit.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 6, (2022 - 6).
       
4. Intangible assets
  Development  
  Costs Total
  £ £
Cost
At 1 April 2022 10,000 10,000
Additions 32,336 32,336
  ───────── ─────────
At 31 March 2023 42,336 42,336
  ───────── ─────────
Amortisation
At 1 April 2022 3,700 3,700
Charge for financial year 18,168 18,168
  ───────── ─────────
At 31 March 2023 21,868 21,868
  ───────── ─────────
Net book value
At 31 March 2023 20,468 20,468
  ═════════ ═════════
At 31 March 2022 6,300 6,300
  ═════════ ═════════
 
Included in intangible assets are websites both developed internally and purchased from third parties.
       
5. Tangible assets
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 April 2022 1,458 1,458
Additions 2,080 2,080
  ───────── ─────────
At 31 March 2023 3,538 3,538
  ───────── ─────────
Depreciation
At 1 April 2022 982 982
Charge for the financial year 923 923
  ───────── ─────────
At 31 March 2023 1,905 1,905
  ───────── ─────────
Net book value
At 31 March 2023 1,633 1,633
  ═════════ ═════════
At 31 March 2022 476 476
  ═════════ ═════════
       
6. Capital commitments
 
The company had no material capital commitments at the financial year ended 31 March 2023.
   
7. Contingent liabilities
 
The company had no contingent liabilities at the financial year end.
   
8. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year end.