Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 08897308 Mr Gaëtan Deremince iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08897308 2023-02-28 08897308 2024-02-29 08897308 2023-03-01 2024-02-29 08897308 frs-core:ComputerEquipment 2024-02-29 08897308 frs-core:ComputerEquipment 2023-03-01 2024-02-29 08897308 frs-core:ComputerEquipment 2023-02-28 08897308 frs-core:DevelopmentCostsCapitalisedDevelopmentExpenditure 2023-03-01 2024-02-29 08897308 frs-core:MotorVehicles 2024-02-29 08897308 frs-core:MotorVehicles 2023-03-01 2024-02-29 08897308 frs-core:MotorVehicles 2023-02-28 08897308 frs-core:OtherResidualIntangibleAssets 2024-02-29 08897308 frs-core:OtherResidualIntangibleAssets 2023-02-28 08897308 frs-core:PlantMachinery 2024-02-29 08897308 frs-core:PlantMachinery 2023-03-01 2024-02-29 08897308 frs-core:PlantMachinery 2023-02-28 08897308 frs-core:ShareCapital 2024-02-29 08897308 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 08897308 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 08897308 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 08897308 frs-bus:SmallEntities 2023-03-01 2024-02-29 08897308 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 08897308 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 08897308 frs-core:CostValuation 2023-02-28 08897308 frs-core:CostValuation 2024-02-29 08897308 frs-core:ProvisionsForImpairmentInvestments 2023-02-28 08897308 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 08897308 frs-bus:Director1 2023-03-01 2024-02-29 08897308 1 2023-03-01 2024-02-29 08897308 frs-countries:EnglandWales 2023-03-01 2024-02-29 08897308 2022-02-28 08897308 2023-02-28 08897308 2022-03-01 2023-02-28 08897308 frs-core:ShareCapital 2023-02-28 08897308 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 08897308 1 2022-03-01 2023-02-28
Registered number: 08897308
Apprentus Ltd
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 08897308
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 155,107 183,801
Investments 6 1,772 1,772
156,879 185,573
CURRENT ASSETS
Debtors 7 62,062 57,718
Cash at bank and in hand 148,621 188,614
210,683 246,332
Creditors: Amounts Falling Due Within One Year 8 (448,054 ) (480,158 )
NET CURRENT ASSETS (LIABILITIES) (237,371 ) (233,826 )
TOTAL ASSETS LESS CURRENT LIABILITIES (80,492 ) (48,253 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (466 ) (466 )
NET LIABILITIES (80,958 ) (48,719 )
CAPITAL AND RESERVES
Called up share capital 10,000 10,000
Profit and Loss Account (90,958 ) (58,719 )
SHAREHOLDERS' FUNDS (80,958) (48,719)
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For the year ending 29 February 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 Gaëtan Deremince
Director
13 November 2024
The notes on pages 3 to 6 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Apprentus Ltd is a private company, limited by shares, incorporated in England & Wales, the registered number is 08897308 . The registered office is 20-22 Wenlock Road, London, England, N1 7GU.
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. Going Concern Disclosure
The director believe the company to be a going concern and will continue to give their support to the company over the next 12 months.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of value added taxes. Turnover includes revenue earned from the provision of services and is recogonised at the point of invoice. If the provision of services spans the financial year end, it is measured by reviewing the actual services performed against the total services to be provided and is only recognised if it can be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Other Intangible
Other intangible asset is Trademark. It is amortised to profit and loss account over its estimated economic life of 5 years.
2.5. 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:
Website 25% straight line
Software 10% straight line year after acquisition
Computer equipment 25% straight line
2.6. Financial Instruments
Debtors and creditors which are due within one year are recorded at transaction price, less any impairment. 
2.7. Foreign Currencies
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.
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2.8. Taxation
The taxation expense represents the sum of the tax currently payable and deferred tax. 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.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account 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
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 asset reflects 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.
Deferred tax is only adjusted if the change in the timing difference is material.
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3. Average Number of Employees
2024 2023
Average number of employees, including directors, during the year 1 1
1 1
4. Intangible Assets
Other
£
Cost
As at 1 March 2023 1,312
As at 29 February 2024 1,312
Amortisation
As at 1 March 2023 1,312
As at 29 February 2024 1,312
Net Book Value
As at 29 February 2024 -
As at 1 March 2023 -
5. Tangible Assets
Website Software Computer equipment Total
£ £ £ £
Cost
As at 1 March 2023 6,221 269,526 12,065 287,812
Additions - - 562 562
As at 29 February 2024 6,221 269,526 12,627 288,374
Depreciation
As at 1 March 2023 6,221 90,885 6,905 104,011
Provided during the period - 26,953 2,303 29,256
As at 29 February 2024 6,221 117,838 9,208 133,267
Net Book Value
As at 29 February 2024 - 151,688 3,419 155,107
As at 1 March 2023 - 178,641 5,160 183,801
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6. Investments
Other
£
Cost
As at 1 March 2023 1,772
As at 29 February 2024 1,772
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 1,772
As at 1 March 2023 1,772
7. Debtors
2024 2023
£ £
Due within one year
Other debtors 62,062 57,718
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 448,054 480,158
9. Directors Advances, Credits and Guarantees
Included within Debtors is a loan to the director. The balance at the year end was £9,131 (2023: £10,090). Interest has been charged on the loan at 2.25%. 
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