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REGISTERED NUMBER: 07413225 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Apptimized Software Limited

Apptimized Software Limited (Registered number: 07413225)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3

Chartered Accountants' Report 6

Apptimized Software Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: H M E Jonas





SECRETARY: R I MacLennan





REGISTERED OFFICE: Fountain Court
2 Victoria Square
St Albans
Hertfordshire
AL1 3TH





REGISTERED NUMBER: 07413225 (England and Wales)





ACCOUNTANTS: Campbell Stewart MacLennan & Co
Chartered Accountants
Unit 3, Broom Place
Portree
Highland
IV51 9HL

Apptimized Software Limited (Registered number: 07413225)

Statement of Financial Position
31 December 2023

31/12/23 31/12/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,340 15,325
Investments 5 1 1
9,341 15,326

CURRENT ASSETS
Debtors 6 98,800 93,977
Prepayments and accrued income 7,173 6,330
Cash at bank 42,256 60,159
148,229 160,466
CREDITORS
Amounts falling due within one year 7 145,308 144,648
NET CURRENT ASSETS 2,921 15,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

12,262

31,144

ACCRUALS AND DEFERRED INCOME 7,204 2,227
NET ASSETS 5,058 28,917

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 4,958 28,817
SHAREHOLDERS' FUNDS 5,058 28,917

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 April 2024 and were signed by:





H M E Jonas - Director


Apptimized Software Limited (Registered number: 07413225)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Apptimized Software Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Apptimized Software Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions within the Revacom GmbH group of companies.

Turnover
Turnover comprises net invoiced sales of services, excluding value added tax, and represents the value of services provided under contracts to the extent that there is a right to consideration and it is recorded at the value of the consideration due. Where the contract has only been partially completed at the balance sheet date, turnover represents the value of services provided to date based on a proportion of the total contract value.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33.3% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Apptimized Software Limited (Registered number: 07413225)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company ceased operating a defined contribution pension scheme in March 2022.

Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 17,957
DEPRECIATION
At 1 January 2023 2,632
Charge for year 5,985
At 31 December 2023 8,617
NET BOOK VALUE
At 31 December 2023 9,340
At 31 December 2022 15,325

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 1
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Amounts owed by group undertakings 95,803 93,977
Other debtors 2,997 -
98,800 93,977

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/12/23 31/12/22
£    £   
Trade creditors 11,786 653
Amounts owed to group undertakings 133,082 141,124
Taxation and social security 440 2,871
145,308 144,648

Apptimized Software Limited (Registered number: 07413225)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

8. WAR IN UKRAINE

The company operates with facilities in Sumy, Ukraine, which is some 20 miles from the border with the Russian Federation. Although briefly occupied by Russian forces following their invasion of Ukraine on 24 February 2022, this area is no longer on the front line and the company's Ukraine facilities remain relatively unaffected.

The director continues to monitor the situation in order to mitigate any impact on the company's activities.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Apptimized Software Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Apptimized Software Limited for the year ended 31 December 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of ICAS, we are subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.

This report is made solely to the director of Apptimized Software Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Apptimized Software Limited and state those matters that we have agreed to state to the director of Apptimized Software Limited in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Apptimized Software Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Apptimized Software Limited. You consider that Apptimized Software Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Apptimized Software Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Campbell Stewart MacLennan & Co
Chartered Accountants
Unit 3, Broom Place
Portree
Highland
IV51 9HL


2 April 2024