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COMPANY REGISTRATION NUMBER: 14179127
APACE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 June 2023
APACE LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 17 JUNE 2022 TO 30 JUNE 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
APACE LIMITED
BALANCE SHEET
30 June 2023
30 Jun 23
Note
£
Fixed assets
Tangible assets
5
1,276
Current assets
Debtors
6
6,801
Cash at bank and in hand
87,847
------------
94,648
Creditors: amounts falling due within one year
7
( 29,194)
------------
Net current assets
65,454
------------
Total assets less current liabilities
66,730
------------
Capital and reserves
Called up share capital
8
100
Profit and loss account
66,630
------------
Shareholders funds
66,730
------------
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 profit and loss account has not been delivered.
For the period ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 19 February 2024 , and are signed on behalf of the board by:
Mr A C Schofield
Director
Company registration number: 14179127
APACE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 17 JUNE 2022 TO 30 JUNE 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
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.
Taxation
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.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ed 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:
Office equipment
-
15% reducing balance
Computer equipment
-
33% straight line
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Tangible assets
Office equipment
Computer equipment
Total
£
£
£
Cost
At 17 June 2022
Additions
550
1,213
1,763
------------
------------
------------
At 30 June 2023
550
1,213
1,763
------------
------------
------------
Depreciation
At 17 June 2022
Charge for the period
82
405
487
------------
------------
------------
At 30 June 2023
82
405
487
------------
------------
------------
Carrying amount
At 30 June 2023
468
808
1,276
------------
------------
------------
6. Debtors
30 Jun 23
£
Trade debtors
6,800
Other debtors
1
------------
6,801
------------
7. Creditors: amounts falling due within one year
30 Jun 23
£
Corporation tax
18,372
Social security and other taxes
9,132
Director loan accounts
1,690
------------
29,194
------------
8. Called up share capital
Issued, called up and fully paid
30 Jun 23
No.
£
Ordinary shares of £ 1 each
100
100
------------
------------
During the period 100 ordinary £1 shares were issued fully paid for cash at par.
9. Related party transactions
The director's loan of £1,690 as set out above is unsecured, repayable on demand and currently interest free. The company is controlled by the director.