Acorah Software Products - Accounts Production 14.6.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 10712895 Mr A Fardella Mr Antonio Fardella true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10712895 2023-04-30 10712895 2024-04-30 10712895 2023-05-01 2024-04-30 10712895 frs-core:CurrentFinancialInstruments 2024-04-30 10712895 frs-core:ComputerEquipment 2024-04-30 10712895 frs-core:ComputerEquipment 2023-05-01 2024-04-30 10712895 frs-core:ComputerEquipment 2023-04-30 10712895 frs-core:FurnitureFittings 2024-04-30 10712895 frs-core:FurnitureFittings 2023-05-01 2024-04-30 10712895 frs-core:FurnitureFittings 2023-04-30 10712895 frs-core:MotorVehicles 2024-04-30 10712895 frs-core:MotorVehicles 2023-05-01 2024-04-30 10712895 frs-core:MotorVehicles 2023-04-30 10712895 frs-core:ShareCapital 2024-04-30 10712895 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 10712895 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10712895 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 10712895 frs-bus:SmallEntities 2023-05-01 2024-04-30 10712895 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10712895 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 10712895 1 2023-05-01 2024-04-30 10712895 frs-bus:Director1 2023-05-01 2024-04-30 10712895 frs-countries:EnglandWales 2023-05-01 2024-04-30 10712895 2022-04-30 10712895 2023-04-30 10712895 2022-05-01 2023-04-30 10712895 frs-core:CurrentFinancialInstruments 2023-04-30 10712895 frs-core:ShareCapital 2023-04-30 10712895 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 10712895
Apex Tiles 2.0 Limited
Financial Statements
For The Year Ended 30 April 2024
1 Landor Road
London
SW9 9RX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 10712895
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 18,191 23,543
18,191 23,543
CURRENT ASSETS
Debtors 5 32,608 45,577
Cash at bank and in hand 145,711 184,201
178,319 229,778
Creditors: Amounts Falling Due Within One Year 6 (86,193 ) (127,038 )
NET CURRENT ASSETS (LIABILITIES) 92,126 102,740
TOTAL ASSETS LESS CURRENT LIABILITIES 110,317 126,283
NET ASSETS 110,317 126,283
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 110,217 126,183
SHAREHOLDERS' FUNDS 110,317 126,283
Page 1
Page 2
For the year ending 30 April 2024 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 A Fardella
Director
15 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Apex Tiles 2.0 Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10712895 . The registered office is Fairman Harris, 1 Landor Road, Clapham, London, SW9 9RX.
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. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. 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:
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
2.4. Foreign Currencies
Monetary assets and liabilities 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 ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 May 2023 31,748 11,141 2,785 45,674
Additions - - 712 712
As at 30 April 2024 31,748 11,141 3,497 46,386
Depreciation
As at 1 May 2023 18,354 2,785 992 22,131
Provided during the period 3,349 2,089 626 6,064
As at 30 April 2024 21,703 4,874 1,618 28,195
Net Book Value
As at 30 April 2024 10,045 6,267 1,879 18,191
As at 1 May 2023 13,394 8,356 1,793 23,543
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 1,522 -
Prepayments and accrued income 28,437 41,627
Other debtors 250 -
VAT 2,399 3,950
32,608 45,577
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 708 6,349
Corporation tax 14,669 33,129
Other taxes and social security 643 1,454
Net wages - 3,560
Accruals and deferred income 4,553 4,541
Director's loan account 65,620 78,005
86,193 127,038
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
8. Ultimate Controlling Party
The company's ultimate controlling party is Mr Antonio Fardella by virtue of his ownership of 100% of the issued share capital in the company.
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