Registered number
04085243
Aprais Limited
Filleted Accounts
31 March 2023
Aprais Limited
Registered number: 04085243
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 426,438 432,365
Tangible assets 4 11,681 12,312
438,119 444,677
Current assets
Stocks 221,179 26,340
Debtors 5 269,876 277,564
Cash at bank and in hand 204,220 469,131
695,275 773,035
Creditors: amounts falling due within one year 6 (239,137) (374,481)
Net current assets 456,138 398,554
Total assets less current liabilities 894,257 843,231
Creditors: amounts falling due after more than one year 7 - (10,000)
Provisions for liabilities (94,819) (73,561)
Net assets 799,438 759,670
Capital and reserves
Called up share capital 32 32
Profit and loss account 799,406 759,638
Shareholders' funds 799,438 759,670
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
KB Walker
Director
Approved by the board on 1 November 2023
Aprais Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Office equipment 25% reducing balance basis per annum
Computer equipment 3 years straight line basis per annum
Fixtures and fittings 5 years straight line basis per annum
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 10 8
3 Intangible fixed assets £
Cost
At 1 April 2022 3,006,514
Additions 183,430
At 31 March 2023 3,189,944
Amortisation
At 1 April 2022 2,574,149
Provided during the year 189,357
At 31 March 2023 2,763,506
Net book value
At 31 March 2023 426,438
At 31 March 2022 432,365
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2022 97,512
Additions 9,319
At 31 March 2023 106,831
Depreciation
At 1 April 2022 85,200
Charge for the year 9,950
At 31 March 2023 95,150
Net book value
At 31 March 2023 11,681
At 31 March 2022 12,312
5 Debtors 2023 2022
£ £
Trade debtors 132,786 182,283
Other debtors 137,090 95,281
269,876 277,564
6 Creditors: amounts falling due within one year 2023 2022
£ £
Non-equity preference shares 100,000 100,000
Bank loans and overdrafts - 39,999
Trade creditors 48,602 119,020
Taxation and social security costs 43,499 11,069
Other creditors 47,036 104,393
239,137 374,481
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 10,000
8 Controlling party
The company is controlled by its director.
9 Other information
Aprais Limited is a private company limited by shares and incorporated in England. Its registered office is:
B3 Kingfisher House
Kingsway
Team Valley
Gateshead
NE11 0JQ
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