Appstation Limited 03570589 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is developing computer software. Digita Accounts Production Advanced 6.30.9574.0 true 03570589 2023-01-01 2023-12-31 03570589 2023-12-31 03570589 bus:OrdinaryShareClass1 bus:OtherShareType 2023-12-31 03570589 bus:OrdinaryShareClass2 bus:OtherShareType 2023-12-31 03570589 bus:OrdinaryShareClass3 bus:OtherShareType 2023-12-31 03570589 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03570589 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-12-31 03570589 core:PatentsTrademarksLicencesConcessionsSimilar 2023-12-31 03570589 core:FurnitureFittings 2023-12-31 03570589 core:PlantMachinery 2023-12-31 03570589 bus:SmallEntities 2023-01-01 2023-12-31 03570589 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 03570589 bus:FullAccounts 2023-01-01 2023-12-31 03570589 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 03570589 bus:Director2 2023-01-01 2023-12-31 03570589 bus:OrdinaryShareClass1 bus:OtherShareType 2023-01-01 2023-12-31 03570589 bus:OrdinaryShareClass2 bus:OtherShareType 2023-01-01 2023-12-31 03570589 bus:OrdinaryShareClass3 bus:OtherShareType 2023-01-01 2023-12-31 03570589 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03570589 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-01-01 2023-12-31 03570589 core:PatentsTrademarksLicencesConcessionsSimilar 2023-01-01 2023-12-31 03570589 core:ComputerEquipment 2023-01-01 2023-12-31 03570589 core:FurnitureFittings 2023-01-01 2023-12-31 03570589 countries:AllCountries 2023-01-01 2023-12-31 03570589 2022-12-31 03570589 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 03570589 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 03570589 core:FurnitureFittings 2022-12-31 03570589 core:PlantMachinery 2022-12-31 03570589 2022-01-01 2022-12-31 03570589 2022-12-31 03570589 bus:OrdinaryShareClass1 bus:OtherShareType 2022-12-31 03570589 bus:OrdinaryShareClass2 bus:OtherShareType 2022-12-31 03570589 bus:OrdinaryShareClass3 bus:OtherShareType 2022-12-31 03570589 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 03570589 core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2022-12-31 03570589 core:PatentsTrademarksLicencesConcessionsSimilar 2022-12-31 03570589 core:FurnitureFittings 2022-12-31 03570589 core:PlantMachinery 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03570589

Appstation Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Appstation Limited

(Registration number: 03570589)

Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

3

-

-

Tangible assets

4

-

-

 

-

-

Current assets

 

Debtors

5

19,333

6,736

Cash at bank and in hand

 

366,229

671,458

 

385,562

678,194

Creditors: Amounts falling due within one year

6

(196,423)

(158,973)

Net current assets

 

189,139

519,221

Net assets

 

189,139

519,221

Capital and reserves

 

Called up share capital

7

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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

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.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the Board on 19 March 2024 and signed on its behalf by:
 

.........................................

K F S Wells
Director

 

Appstation Limited

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

1

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

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as 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. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2022 - 7).

 

Appstation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

3

Intangible assets

Patents and licenses
 £

Development costs
 £

Total
£

Cost

At 1 January 2023

32,348

9,426

41,774

At 31 December 2023

32,348

9,426

41,774

Amortisation

At 1 January 2023

32,348

9,426

41,774

At 31 December 2023

32,348

9,426

41,774

Carrying amount

At 31 December 2023

-

-

-

At 31 December 2022

-

-

-

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost

At 1 January 2023

3,775

7,313

11,088

At 31 December 2023

3,775

7,313

11,088

Depreciation

At 1 January 2023

3,775

7,313

11,088

At 31 December 2023

3,775

7,313

11,088

Carrying amount

At 31 December 2023

-

-

-

At 31 December 2022

-

-

-

 

Appstation Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023 (continued)

5

Debtors

2023
£

2022
£

Trade debtors

13,238

300

Other debtors

50

50

Prepayments

6,045

6,386

 

19,333

6,736

6

Creditors

2023
£

2022
£

Due within one year

Trade creditors

11,013

9,987

Taxation and social security

151,751

116,607

Accruals and deferred income

33,159

23,142

Other creditors

500

9,237

196,423

158,973

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

A Ordinary shares of £1 each

142

142

142

142

B Ordinary shares of £1 each

-

-

142

142

C Ordinary shares of £1 each

142

142

142

142

 

284

284

426

426

During the year the company purchased 142 B ordinary shares of £1 each.

8

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 £69,473 (2022 - £111,117).