Acorah Software Products - Accounts Production 16.5.460 false true 31 July 2024 1 August 2023 false 1 August 2024 31 July 2025 31 July 2025 09523926 Mr Mike Boyd Ms Sophie Reynolds iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 09523926 2024-07-31 09523926 2025-07-31 09523926 2024-08-01 2025-07-31 09523926 frs-core:Non-currentFinancialInstruments 2025-07-31 09523926 frs-core:ComputerEquipment 2024-08-01 2025-07-31 09523926 frs-core:MotorVehicles 2024-08-01 2025-07-31 09523926 frs-core:PlantMachinery 2024-08-01 2025-07-31 09523926 frs-core:SharePremium 2025-07-31 09523926 frs-core:ShareCapital 2025-07-31 09523926 frs-core:RetainedEarningsAccumulatedLosses 2025-07-31 09523926 frs-bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 09523926 frs-bus:AbridgedAccounts 2024-08-01 2025-07-31 09523926 frs-bus:SmallEntities 2024-08-01 2025-07-31 09523926 frs-bus:AuditExempt-NoAccountantsReport 2024-08-01 2025-07-31 09523926 frs-bus:SmallCompaniesRegimeForAccounts 2024-08-01 2025-07-31 09523926 frs-bus:Director1 2024-08-01 2025-07-31 09523926 frs-bus:Director2 2024-08-01 2025-07-31 09523926 frs-countries:EnglandWales 2024-08-01 2025-07-31 09523926 2023-07-31 09523926 2024-07-31 09523926 2023-08-01 2024-07-31 09523926 frs-core:Non-currentFinancialInstruments 2024-07-31 09523926 frs-core:SharePremium 2024-07-31 09523926 frs-core:ShareCapital 2024-07-31 09523926 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31
Registered number: 09523926
Apply Works Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2025
Dot Accountancy Limited
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 09523926
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 51,648 47,006
51,648 47,006
CURRENT ASSETS
Stocks 6,000 8,995
Debtors 12,259 44,618
Cash at bank and in hand 58,014 40,756
76,273 94,369
Creditors: Amounts Falling Due Within One Year (15,390 ) (32,526 )
NET CURRENT ASSETS (LIABILITIES) 60,883 61,843
TOTAL ASSETS LESS CURRENT LIABILITIES 112,531 108,849
Creditors: Amounts Falling Due After More Than One Year - (3,720 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (9,814 ) (8,932 )
NET ASSETS 102,717 96,197
CAPITAL AND RESERVES
Called up share capital 5 101 101
Share premium account 12,470 12,470
Profit and Loss Account 90,146 83,626
SHAREHOLDERS' FUNDS 102,717 96,197
Page 1
Page 2
For the year ending 31 July 2025 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 directors acknowledge their 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.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2025 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Mike Boyd
Director
26/09/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Apply Works Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09523926 . The registered office is 19a Western Terrace, Falmouth, TR11 4QN.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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:
Plant & Machinery 20% reducing balance
Motor Vehicles 25% reducing balance
Computer Equipment 33% straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income 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 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 assets reflect 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.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
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3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2024: 5)
4 5
4. Tangible Assets
Total
£
Cost
As at 1 August 2024 100,584
Additions 19,853
As at 31 July 2025 120,437
Depreciation
As at 1 August 2024 53,578
Provided during the period 15,211
As at 31 July 2025 68,789
Net Book Value
As at 31 July 2025 51,648
As at 1 August 2024 47,006
5. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 101 101
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