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REGISTERED NUMBER: 09638167 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

Appogee HR Limited

Appogee HR Limited (Registered number: 09638167)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Appogee HR Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr D W J McLeman
Mrs A McLeman
Mrs V N Catling





SECRETARY: Mr D W J McLeman





REGISTERED OFFICE: Lily Hill House
Lily Hill Road
Bracknell
Berkshire
RG12 2SJ





REGISTERED NUMBER: 09638167 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Appogee HR Limited (Registered number: 09638167)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Intangible assets 4 541,608 505,505
Tangible assets 5 37,655 42,874
579,263 548,379

CURRENT ASSETS
Debtors 6 115,579 147,124
Cash at bank 308,074 367,441
423,653 514,565
CREDITORS
Amounts falling due within one year 7 (118,555 ) (139,654 )
NET CURRENT ASSETS 305,098 374,911
TOTAL ASSETS LESS CURRENT LIABILITIES 884,361 923,290

PROVISIONS FOR LIABILITIES (5,683 ) (6,169 )

DEFERRED INCOME (392,061 ) (409,353 )
NET ASSETS 486,617 507,768

CAPITAL AND RESERVES
Called up share capital 941 941
Retained earnings 485,676 506,827
SHAREHOLDERS' FUNDS 486,617 507,768

Appogee HR Limited (Registered number: 09638167)

Balance Sheet - continued
31 July 2023


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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 12 April 2024 and were signed on its behalf by:





Mr D W J McLeman - Director


Appogee HR Limited (Registered number: 09638167)

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

1. STATUTORY INFORMATION

Appogee HR 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. 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.

Significant judgements and estimates
In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future that have a material effect on the reported position shown in the accounts.

Turnover
The turnover represents amounts receivable on software subscriptions, which are recognised in the period to which the subscriptions relate, exclusive of Value Added Tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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 balance sheet date.


Appogee HR Limited (Registered number: 09638167)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 software development directly associated with on-going revenue streams is capitalised and amortised over 3 years. Other research and development is expensed in the year in which it is incurred.

Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date.

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction.

Exchange differences are recognised in the Profit & Loss account.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 10 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 August 2022 63,956 1,435,429 1,499,385
Additions - 371,933 371,933
At 31 July 2023 63,956 1,807,362 1,871,318
AMORTISATION
At 1 August 2022 63,956 929,924 993,880
Charge for year - 335,830 335,830
At 31 July 2023 63,956 1,265,754 1,329,710
NET BOOK VALUE
At 31 July 2023 - 541,608 541,608
At 31 July 2022 - 505,505 505,505

Appogee HR Limited (Registered number: 09638167)

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

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2022 33,957 22,415 56,372
Additions 2,719 5,808 8,527
At 31 July 2023 36,676 28,223 64,899
DEPRECIATION
At 1 August 2022 1,698 11,800 13,498
Charge for year 7,189 6,557 13,746
At 31 July 2023 8,887 18,357 27,244
NET BOOK VALUE
At 31 July 2023 27,789 9,866 37,655
At 31 July 2022 32,259 10,615 42,874

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 36,981 50,464
Other debtors 78,598 96,660
115,579 147,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 22,231 50,123
Taxation and social security 29,505 30,412
Other creditors 66,819 59,119
118,555 139,654


Deferred Income392,061409,353

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Within one year 29,077 33,686
Between one and five years 19,510 46,173
48,587 79,859

9. ULTIMATE CONTROLLING PARTY

Mr D McLeman is the ultimate controlling party.