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APPFEX LTD

Registered Number
12892382
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2024

APPFEX LTD
Company Information
for the year from 1 January 2024 to 31 December 2024

Director

GULER, Soner

Registered Address

85 Great Portland Street
First Floor
London
W1W 7LT

Registered Number

12892382 (England and Wales)
APPFEX LTD
Balance Sheet as at
31 December 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets32,7153,565
2,7153,565
Current assets
Debtors-148
Cash at bank and on hand45,6501,320
45,6501,468
Creditors amounts falling due within one year4(15,081)(3,257)
Net current assets (liabilities)30,569(1,789)
Total assets less current liabilities33,2841,776
Net assets33,2841,776
Capital and reserves
Called up share capital11
Other reserves1,0001,000
Profit and loss account32,283775
Shareholders' funds33,2841,776
The financial statements were approved and authorised for issue by the Director on 4 February 2025, and are signed on its behalf by:
GULER, Soner
Director
Registered Company No. 12892382
APPFEX LTD
Notes to the Financial Statements
for the year ended 31 December 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
2.Average number of employees

20242023
Average number of employees during the year11
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 January 247,113
Additions1,113
At 31 December 248,226
Depreciation and impairment
At 01 January 243,548
Charge for year1,963
At 31 December 245,512
Net book value
At 31 December 242,715
At 31 December 233,565
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables4845
Taxation and social security14,414139
Other creditors6193,073
Total15,0813,257
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.