Registration number:
Appstation Limited
for the Year Ended 31 December 2023
Appstation Limited
(Registration number: 03570589)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
|
Fixed assets |
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Intangible assets |
- |
- |
|
Tangible assets |
- |
- |
|
- |
- |
||
Current assets |
|||
Debtors |
|
|
|
Cash at bank and in hand |
|
|
|
|
|
||
Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
|
Net assets |
|
|
|
Capital and reserves |
|||
Called up share capital |
284 |
426 |
|
Capital redemption reserve |
146 |
4 |
|
Profit and loss account |
188,709 |
518,791 |
|
Shareholders' funds |
189,139 |
519,221 |
For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
|
• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
.........................................
Director
Appstation Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Accounting policies |
Statutory information
Appstation Limited is a private company, limited by shares, domiciled in England and Wales, company number 03570589. The registered office is at 35 Jessops Riverside, 800 Brightside Lane, Sheffield, S9 2RX.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
Tax
The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Intangible assets
Intangible assets are identifiable non-monetary assets without physical substance under the control of the entity, Their recognition in the statement of financial position is a result of past events by which the entity will experience future economic benefits.
Appstation Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
1 |
Accounting policies (continued) |
Amortisation
Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:
Asset class |
Amortisation method and rate |
Patents and licences |
10% on a straight line basis |
Development costs |
50% on a straight line basis |
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, less any estimated residual value, over their estimated useful lives as follows:
Asset class |
Depreciation method and rate |
Fixtures and fittings |
15% on a reducing balance basis |
Computer equipment |
50% on a straight line basis |
Leases
Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.
Defined contribution pension obligation
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
Financial instruments
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
Appstation Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Intangible assets |
Patents and licenses |
Development costs |
Total |
|
Cost |
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At 1 January 2023 |
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|
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At 31 December 2023 |
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|
|
Amortisation |
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At 1 January 2023 |
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|
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At 31 December 2023 |
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|
|
Carrying amount |
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At 31 December 2023 |
- |
- |
- |
At 31 December 2022 |
- |
- |
- |
Tangible assets |
Fixtures and fittings |
Plant and machinery |
Total |
|
Cost |
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At 1 January 2023 |
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|
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At 31 December 2023 |
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|
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Depreciation |
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At 1 January 2023 |
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|
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At 31 December 2023 |
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|
|
Carrying amount |
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At 31 December 2023 |
- |
- |
- |
At 31 December 2022 |
- |
- |
- |
Appstation Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)
Debtors |
2023 |
2022 |
|
Trade debtors |
|
|
Other debtors |
|
|
Prepayments |
6,045 |
6,386 |
|
|
Creditors |
2023 |
2022 |
|
Due within one year |
||
Trade creditors |
|
|
Taxation and social security |
|
|
Accruals and deferred income |
33,159 |
23,142 |
Other creditors |
|
|
|
|
Share capital |
Allotted, called up and fully paid shares
2023 |
2022 |
|||
No. |
£ |
No. |
£ |
|
|
|
142 |
|
142 |
|
- |
- |
|
142 |
|
|
142 |
|
142 |
|
|
|
|
During the year the company purchased 142 B ordinary shares of £1 each.
Financial commitments, guarantees and contingencies |
Operating leases
As at the balance sheet date, the company had total commitments under non-cancellable operating leases over the remaining term of those leases of £