Silverfin false false 30/04/2024 01/05/2023 30/04/2024 Mr B J Hogan 18/06/2024 03/04/2021 Mrs J A N Perry 08/02/2023 Mr G Tinkler 03/04/2021 31 January 2025 The principal activity of the Company during the financial year was app development. 13310818 2024-04-30 13310818 bus:Director1 2024-04-30 13310818 bus:Director2 2024-04-30 13310818 bus:Director3 2024-04-30 13310818 2023-04-30 13310818 core:CurrentFinancialInstruments 2024-04-30 13310818 core:CurrentFinancialInstruments 2023-04-30 13310818 core:ShareCapital 2024-04-30 13310818 core:ShareCapital 2023-04-30 13310818 core:SharePremium 2024-04-30 13310818 core:SharePremium 2023-04-30 13310818 core:RetainedEarningsAccumulatedLosses 2024-04-30 13310818 core:RetainedEarningsAccumulatedLosses 2023-04-30 13310818 core:ComputerSoftware 2023-04-30 13310818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-04-30 13310818 core:ComputerSoftware 2024-04-30 13310818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2024-04-30 13310818 core:OfficeEquipment 2023-04-30 13310818 core:OfficeEquipment 2024-04-30 13310818 core:RemainingRelatedParties core:CurrentFinancialInstruments 2024-04-30 13310818 core:RemainingRelatedParties core:CurrentFinancialInstruments 2023-04-30 13310818 bus:OrdinaryShareClass1 2024-04-30 13310818 2023-05-01 2024-04-30 13310818 bus:FilletedAccounts 2023-05-01 2024-04-30 13310818 bus:SmallEntities 2023-05-01 2024-04-30 13310818 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 13310818 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 13310818 bus:Director1 2023-05-01 2024-04-30 13310818 bus:Director2 2023-05-01 2024-04-30 13310818 bus:Director3 2023-05-01 2024-04-30 13310818 core:ComputerSoftware core:TopRangeValue 2023-05-01 2024-04-30 13310818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill core:TopRangeValue 2023-05-01 2024-04-30 13310818 core:OfficeEquipment 2023-05-01 2024-04-30 13310818 2022-05-01 2023-04-30 13310818 core:ComputerSoftware 2023-05-01 2024-04-30 13310818 core:Non-standardIntangibleAssetClass1ComponentIntangibleAssetsOtherThanGoodwill 2023-05-01 2024-04-30 13310818 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 13310818 bus:OrdinaryShareClass1 2022-05-01 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13310818 (England and Wales)

TABLE SERVICE APP LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

TABLE SERVICE APP LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

TABLE SERVICE APP LIMITED

BALANCE SHEET

As at 30 April 2024
TABLE SERVICE APP LIMITED

BALANCE SHEET (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Intangible assets 3 420,775 291,249
Tangible assets 4 144 19,980
420,919 311,229
Current assets
Stocks 2,000 10,816
Debtors 5 324,782 345,501
Cash at bank and in hand 975 426
327,757 356,743
Creditors: amounts falling due within one year 6 ( 601,275) ( 298,954)
Net current (liabilities)/assets (273,518) 57,789
Total assets less current liabilities 147,401 369,018
Net assets 147,401 369,018
Capital and reserves
Called-up share capital 7 915 915
Share premium account 529,235 529,235
Profit and loss account ( 382,749 ) ( 161,132 )
Total shareholders' funds 147,401 369,018

For the financial 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.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Table Service App Limited (registered number: 13310818) were approved and authorised for issue by the Board of Directors on 31 January 2025. They were signed on its behalf by:

Mrs J A N Perry
Director
TABLE SERVICE APP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
TABLE SERVICE APP LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Table Service App Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 20-22 Wenlock Road, London, N1 7GU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Foreign currency

Transactions in foreign currencies are recorded at the rate of exchange at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies at the Balance Sheet date are reported at the rates of exchange prevailing at that date.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Computer software 10 years straight line
Website costs 3 years straight line
Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Office equipment 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 1 1

3. Intangible assets

Computer software Website costs Total
£ £ £
Cost
At 01 May 2023 311,644 4,000 315,644
Additions 179,965 0 179,965
At 30 April 2024 491,609 4,000 495,609
Accumulated amortisation
At 01 May 2023 24,395 0 24,395
Charge for the financial year 49,119 1,320 50,439
At 30 April 2024 73,514 1,320 74,834
Net book value
At 30 April 2024 418,095 2,680 420,775
At 30 April 2023 287,249 4,000 291,249

4. Tangible assets

Office equipment Total
£ £
Cost
At 01 May 2023 21,750 21,750
Additions 372 372
Disposals ( 21,930) ( 21,930)
At 30 April 2024 192 192
Accumulated depreciation
At 01 May 2023 1,770 1,770
Charge for the financial year 48 48
Disposals ( 1,770) ( 1,770)
At 30 April 2024 48 48
Net book value
At 30 April 2024 144 144
At 30 April 2023 19,980 19,980

5. Debtors

2024 2023
£ £
Trade debtors 144 144
VAT recoverable 8,825 29,544
Other debtors 315,813 315,813
324,782 345,501

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 90,890 52,945
Amounts owed to related parties 316,012 152,719
Amounts owed to directors 374 9,459
Accruals 3,000 2,200
Other taxation and social security 0 1,506
Other creditors 190,999 80,125
601,275 298,954

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
915 Ordinary shares of £ 1.00 each 915 915

8. Related party transactions

Transactions with owners holding a participating interest in the entity

2024 2023
£ £
Loans from related parties 322,729 152,719

During the year, the company received loans from Aspire Business Corporation Ltd, a company which owns a participating interest in Table Service App Ltd. The loan is interest free and repayable on demand.

Other related party transactions

2024 2023
£ £
Loans to related parties 322,530 315,813

During the year, the company loaned money to Award Winning Apps Ltd, a company owed by one of the directors and shareholders of Table Service App Ltd. The loan is interest free and repayable on demand.