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Registered number: 06596872
Apple Accountancy Services Limited
Financial Statements
For The Year Ended 31 July 2023
Apple Accountancy Services Limited
Chartered Certified Accountants
146 Manor Way
Borehamwood
Hertfordshire
WD6 1QX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 06596872
2023 2022
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 491,400 491,400
Tangible Assets 5 2,009 1,463
493,409 492,863
CURRENT ASSETS
Cash at bank and in hand 36,438 67,367
36,438 67,367
Creditors: Amounts Falling Due Within One Year (131,097 ) (50,425 )
NET CURRENT ASSETS (LIABILITIES) (94,659 ) 16,942
TOTAL ASSETS LESS CURRENT LIABILITIES 398,750 509,805
Creditors: Amounts Falling Due After More Than One Year (291,400 ) (491,400 )
NET ASSETS 107,350 18,405
CAPITAL AND RESERVES
Called up share capital 101 101
Profit and Loss Account 107,249 18,304
SHAREHOLDERS' FUNDS 107,350 18,405
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Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Anuj Khanna
Director
31st July 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Apple Accountancy Services Limited Registered number 06596872 is a limited by shares company incorporated in England & Wales. The Registered Office is Apple Accountancy Services Ltd, 146 Manor Way, Borehamwood, WD6 1QX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. Goodwill is tested annually for impairment.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% on cost
Computer Equipment 33% on cost
2.5. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.6. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
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3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 5 5
Sales, marketing and distribution 1 1
6 6
4. Intangible Assets
Goodwill
£
Cost
As at 1 August 2022 536,400
As at 31 July 2023 536,400
Amortisation
As at 1 August 2022 45,000
As at 31 July 2023 45,000
Net Book Value
As at 31 July 2023 491,400
As at 1 August 2022 491,400
5. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 August 2022 30,943 15,891 46,834
Additions - 3,013 3,013
As at 31 July 2023 30,943 18,904 49,847
Depreciation
As at 1 August 2022 30,943 14,428 45,371
Provided during the period - 2,467 2,467
As at 31 July 2023 30,943 16,895 47,838
Net Book Value
As at 31 July 2023 - 2,009 2,009
As at 1 August 2022 - 1,463 1,463
Page 4