2023-01-012023-12-312023-12-31false12892382APPFEX 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APPFEX LTD

Registered Number
12892382
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2023

APPFEX LTD
Company Information
for the year from 1 January 2023 to 31 December 2023

Director

GULER, Soner

Registered Address

85 Great Portland Street
First Floor
London
W1W 7LT

Registered Number

12892382 (England and Wales)
APPFEX LTD
Balance Sheet as at
31 December 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets33,5655,343
3,5655,343
Current assets
Debtors148192
Cash at bank and on hand1,32022,869
1,46823,061
Creditors amounts falling due within one year4(3,257)(9,033)
Net current assets (liabilities)(1,789)14,028
Total assets less current liabilities1,77619,371
Net assets1,77619,371
Capital and reserves
Called up share capital11
Other reserves1,0001,000
Profit and loss account77518,370
Shareholders' funds1,77619,371
The financial statements were approved and authorised for issue by the Director on 6 February 2024, and are signed on its behalf by:
GULER, Soner
Director
Registered Company No. 12892382
APPFEX LTD
Notes to the Financial Statements
for the year ended 31 December 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20232022
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 237,113
At 31 December 237,113
Depreciation and impairment
At 01 January 231,770
Charge for year1,778
At 31 December 233,548
Net book value
At 31 December 233,565
At 31 December 225,343
4.Creditors: amounts due within one year

2023

2022

££
Trade creditors / trade payables4539
Taxation and social security1398,992
Other creditors3,0732
Total3,2579,033
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.