Company Registration No. 07250556 (England and Wales)
Appstractor Corporation (UK) Ltd
Unaudited filleted accounts
for the year ended 31 May 2024
Appstractor Corporation (UK) Ltd
Unaudited filleted accounts
Contents
Appstractor Corporation (UK) Ltd
Company Information
for the year ended 31 May 2024
Company Number
07250556 (England and Wales)
Registered Office
Churchill House
137 - 139 Brent Street
London
NW4 4DJ
Accountants
1g Accountants
Churchill House
137-139 Brent Street
London
NW4 4DJ
Appstractor Corporation (UK) Ltd
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
255,681
187,056
Creditors: amounts falling due within one year
(9,519)
(11,110)
Net current assets
284,901
218,380
Total assets less current liabilities
285,810
219,691
Provisions for liabilities
Net assets
285,637
219,442
Called up share capital
900
900
Profit and loss account
284,737
218,542
Shareholders' funds
285,637
219,442
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 August 2024 and were signed on its behalf by
Mr C I Ciungan
Director
Company Registration No. 07250556
Appstractor Corporation (UK) Ltd
Notes to the Accounts
for the year ended 31 May 2024
Appstractor Corporation (UK) Ltd is a private company, limited by shares, registered in England and Wales, registration number 07250556. The registered office is Churchill House, 137 - 139 Brent Street, London, NW4 4DJ.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The financial statements are presented in Sterling, which is the functional currency of the company.
Turnover comprises the fair value of the consideration received or receivable for the
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.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.
Foreign currency transactions and balances
Transactions denominated in foreign currencies are translated into sterling and
recorded at the rate of exchange ruling at the date of the transaction.
Balances at the year-end denominated in a foreign currency are translated into sterling at the rate of exchange ruling at the balance sheet date.
The tax expense for the period comprises current tax and any adjustments arising in respect of any R&D tax credit. 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.
Appstractor Corporation (UK) Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
Plant & machinery
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
33.33% reducing balance
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
5,743
3,882
9,625
At 31 May 2024
5,743
3,882
9,625
At 1 June 2023
5,486
2,828
8,314
Charge for the year
51
351
402
At 31 May 2024
5,537
3,179
8,716
At 31 May 2024
206
703
909
At 31 May 2023
257
1,054
1,311
Amounts falling due within one year
Trade debtors
34,978
39,491
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
482
-
Appstractor Corporation (UK) Ltd
Notes to the Accounts
for the year ended 31 May 2024
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Average number of employees
During the year the average number of employees was 1 (2023: 1).