Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-30true2023-05-01falseVideo production activities Information technology consultancy activities11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 13348224 2023-05-01 2024-04-30 13348224 2022-05-01 2023-04-30 13348224 2024-04-30 13348224 2023-04-30 13348224 c:Director1 2023-05-01 2024-04-30 13348224 d:ComputerEquipment 2023-05-01 2024-04-30 13348224 d:ComputerEquipment 2024-04-30 13348224 d:ComputerEquipment 2023-04-30 13348224 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 13348224 d:CurrentFinancialInstruments 2024-04-30 13348224 d:CurrentFinancialInstruments 2023-04-30 13348224 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 13348224 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 13348224 d:ShareCapital 2024-04-30 13348224 d:ShareCapital 2023-04-30 13348224 d:RetainedEarningsAccumulatedLosses 2024-04-30 13348224 d:RetainedEarningsAccumulatedLosses 2023-04-30 13348224 c:OrdinaryShareClass1 2023-05-01 2024-04-30 13348224 c:OrdinaryShareClass1 2024-04-30 13348224 c:OrdinaryShareClass1 2023-04-30 13348224 c:FRS102 2023-05-01 2024-04-30 13348224 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 13348224 c:FullAccounts 2023-05-01 2024-04-30 13348224 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13348224









APEX FLARE LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

 
APEX FLARE LTD
REGISTERED NUMBER: 13348224

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

FIXED ASSETS
  

Tangible assets
 4 
2,441
3,251

  
2,441
3,251

CURRENT ASSETS
  

Debtors: amounts falling due within one year
 5 
949
1,424

CURRENT LIABILITIES
  
949
1,424

Creditors: amounts falling due within one year
 6 
(52,896)
(30,292)

NET CURRENT (LIABILITIES)/ASSETS
  
 
 
(51,947)
 
 
(28,868)

TOTAL ASSETS LESS CURRENT LIABILITIES
  
(49,506)
(25,617)

NET (LIABILITIES)/ASSETS
  
(49,506)
(25,617)


CAPITAL AND RESERVES
  

Called up share capital 
 7 
100
100

Profit and loss account
  
(49,606)
(25,717)

  
(49,506)
(25,617)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

Page 1

 
APEX FLARE LTD
REGISTERED NUMBER: 13348224
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




R P H Spira
Director

Date: 14 January 2025

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
APEX FLARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


GENERAL INFORMATION

Apex Flare Ltd is a private Company limited by shares and incorporated in England and Wales.  Its registered office address is Salisbury House, Station Road, Cambridge, CB1 2LA.
The Company's functional and presentational currency is GBP.

2.ACCOUNTING POLICIES

 
2.1

BASIS OF PREPARATION OF FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

GOING CONCERN

The Company incurred a loss for the financial year and had net liabilities of £49,506 as at 30 April 2024 (2023 - £25,617). The financial statements are prepared on the going concern basis on the assumption that the Company will continue to receive financial support from its shareholders to provide funds to enable it to meet its liabilities as they fall due.  

 
2.3

FOREIGN CURRENCY TRANSLATION

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and Loss Account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
APEX FLARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.4

TAXATION

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.5

TANGIBLE FIXED ASSETS

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Computer equipment
-
20%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
APEX FLARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.ACCOUNTING POLICIES (CONTINUED)

 
2.6

DEBTORS

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

CREDITORS

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


EMPLOYEES

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


TANGIBLE FIXED ASSETS





Computer equipment

£



COST OR VALUATION


At 1 May 2023
4,052



At 30 April 2024

4,052



DEPRECIATION


At 1 May 2023
801


Charge for the year on owned assets
810



At 30 April 2024

1,611



NET BOOK VALUE



At 30 April 2024
2,441



At 30 April 2023
3,251


Page 5

 
APEX FLARE LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

5.


DEBTORS

2024
2023
£
£


Other debtors
143
1,424

Prepayments and accrued income
806
-

949
1,424



6.


CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024
2023
£
£

Trade creditors
385
1,634

Other creditors
50,131
24,458

Accruals and deferred income
2,380
4,200

52,896
30,292


Included within other creditors is an amount of £50,131 (2023 - £24,458) owed to the director of the company. The loan bears no interest and is repayable on demand.


7.


SHARE CAPITAL

2024
2023
£
£
Fully paid share capital



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 6