Caseware UK (AP4) 2022.0.179 2022.0.179 2023-03-312023-03-31false2022-04-01No description of principal activity63falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 08908660 2022-04-01 2023-03-31 08908660 2021-04-01 2022-03-31 08908660 2023-03-31 08908660 2022-03-31 08908660 c:Director2 2022-04-01 2023-03-31 08908660 d:FurnitureFittings 2022-04-01 2023-03-31 08908660 d:FurnitureFittings 2023-03-31 08908660 d:FurnitureFittings 2022-03-31 08908660 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08908660 d:OfficeEquipment 2022-04-01 2023-03-31 08908660 d:OfficeEquipment 2023-03-31 08908660 d:OfficeEquipment 2022-03-31 08908660 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08908660 d:OwnedOrFreeholdAssets 2022-04-01 2023-03-31 08908660 d:Goodwill 2023-03-31 08908660 d:Goodwill 2022-03-31 08908660 d:ComputerSoftware 2023-03-31 08908660 d:ComputerSoftware 2022-03-31 08908660 d:CurrentFinancialInstruments 2023-03-31 08908660 d:CurrentFinancialInstruments 2022-03-31 08908660 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 08908660 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 08908660 d:ShareCapital 2023-03-31 08908660 d:ShareCapital 2022-03-31 08908660 d:RetainedEarningsAccumulatedLosses 2023-03-31 08908660 d:RetainedEarningsAccumulatedLosses 2022-03-31 08908660 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 08908660 d:TaxLossesCarry-forwardsDeferredTax 2022-03-31 08908660 c:FRS102 2022-04-01 2023-03-31 08908660 c:AuditExempt-NoAccountantsReport 2022-04-01 2023-03-31 08908660 c:FullAccounts 2022-04-01 2023-03-31 08908660 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 08908660 d:HirePurchaseContracts d:WithinOneYear 2023-03-31 08908660 d:HirePurchaseContracts d:WithinOneYear 2022-03-31 08908660 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-03-31 08908660 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-03-31 08908660 2 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure
Company registration number: 08908660







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023


APATCHY LIMITED






































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APATCHY LIMITED
REGISTERED NUMBER:08908660



BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 6 
11,855
15,071

  
11,855
15,071

Current assets
  

Stocks
 7 
248,520
192,231

Debtors: amounts falling due within one year
 8 
41,809
25,737

Cash at bank and in hand
  
88,409
83,331

  
378,738
301,299

Creditors: amounts falling due within one year
 9 
(112,972)
(75,364)

Net current assets
  
 
 
265,766
 
 
225,935

Total assets less current liabilities
  
277,621
241,006

Provisions for liabilities
  

Deferred tax
  
(2,284)
-

  
 
 
(2,284)
 
 
-

Net assets
  
275,337
241,006


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
275,237
240,906

  
275,337
241,006


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf  1 March 2024.


S A Tolhurst
Director

Page 1

 


APATCHY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

1.


General information

Apatchy 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. 
The presentation currency of the financial statements is the Pound Sterling (£). 


2.


Statement of compliance

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. 

3.Accounting policies

  
3.1

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention. 

  
3.2

Revenue

Revenue represents the total invoice value, excluding value added tax, trade discounts and all the
other taxes of sales made during the year.

  
3.3

Revenue recognition

Revenue is recognised when goods have been delivered and services supplied to customers such
that risks and rewards of ownership have transferred to them.

  
3.4

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. 
Website is being amortised evenly over its estimated useful life of nil years

 
3.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
3.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

 


APATCHY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.Accounting policies (continued)


3.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Fixtures and fittings
-
33%
Office equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
3.7

Stocks

Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. 

 
3.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

 
3.9

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Page 3

 


APATCHY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

3.Accounting policies (continued)

  
3.10

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.

  
3.11

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 inwhich 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.


4.


Employees

The average monthly number of employees, including the directors, during the year was as follows:


        2023
        2022
            No.
            No.







Employees
6
3

Page 4

 


APATCHY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

5.


Intangible assets




Computer software
Goodwill
Total

£
£
£



Cost


At 1 April 2022
25,000
10,000
35,000



At 31 March 2023

25,000
10,000
35,000



Amortisation


At 1 April 2022
25,000
10,000
35,000



At 31 March 2023

25,000
10,000
35,000



Net book value



At 31 March 2023
-
-
-



At 31 March 2022
-
-
-




6.


Tangible fixed assets





Fixtures and fittings
Office equipment
Total

£
£
£



Cost or valuation


At 1 April 2022
12,277
18,316
30,593


Additions
615
3,357
3,972



At 31 March 2023

12,892
21,673
34,565



Depreciation


At 1 April 2022
7,636
7,886
15,522


Charge for the year on owned assets
1,982
5,206
7,188



At 31 March 2023

9,618
13,092
22,710



Net book value



At 31 March 2023
3,274
8,581
11,855



At 31 March 2022
4,641
10,430
15,071

Page 5

 


APATCHY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

7.


Stocks

2023
2022
£
£

Finished goods and goods for resale
248,520
192,231

248,520
192,231



8.


Debtors

2023
2022
£
£


Trade debtors
36,680
20,042

Other debtors
2,003
2,010

Prepayments and accrued income
3,126
3,685

41,809
25,737



9.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
8,912
4,087

Trade creditors
37,406
18,064

Corporation tax
9,186
30,483

Other taxation and social security
51,734
19,472

Other creditors
4,251
368

Accruals and deferred income
1,483
2,890

112,972
75,364



10.


Leasing agreements


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
14,035
24,060

Between 1-5 years
-
12,640

14,035
36,700

Page 6

 


APATCHY LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023

11.


Deferred taxation




2023


£






Charged to profit or loss
(2,284)



At end of year
(2,284)

The deferred taxation balance is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(2,284)
-

(2,284)
-

 
Page 7