Apom2019 Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: SC591679 (Scotland)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Apom2019 Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J M Walters

REGISTERED OFFICE:

Ca'D'Oro Building

45 Gordon Street

Glasgow

G1 3PE

REGISTERED NUMBER:

SC591679 (Scotland)

ACCOUNTANTS:

Stevenson & Kyles

Chartered Accountants

25 Sandyford Place

Glasgow

G3 7NG

FIXED ASSETS

Intangible assets

4

20,875

24,375

Tangible assets

5

19,366

15,834

40,241

40,209

CURRENT ASSETS

Cash at bank

144,428

55,504

CREDITORS

Amounts falling due within one year

6

132,324

114,870

NET CURRENT ASSETS/(LIABILITIES)

12,104

(59,366

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,345

(19,157

)

CREDITORS

Amounts falling due after more than one year

7

(32,695

)

-

PROVISIONS FOR LIABILITIES

8

(6,253

)

-

NET ASSETS/(LIABILITIES)

13,397

(19,157

)

CAPITAL AND RESERVES

Called up share capital

9

1

1

Retained earnings

13,396

(19,158

)

SHAREHOLDERS' FUNDS

13,397

(19,157

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 March 2023 and were signed by:

J M Walters - Director

1.	STATUTORY INFORMATION

Apom2019 Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website and domain are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

20% on cost

Plant and machinery

-

20% on cost

Fittings and equipment

-

20% on cost

Financial instruments

Basic financial instruments, including debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Grant income

Where applicable, grants from the government are recognised at their fair value where there is a reasonable assurance that the grant will be received and that the company will comply with all attached conditions. Where the grant income relates to a particular expense item, the grant income is recognised in the profit and loss account over the same period as the expense it is intended to compensate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2021 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Website

and

domain

£

COST

At 1 April 2021

and 31 March 2022

35,000

AMORTISATION

At 1 April 2021

10,625

Amortisation for year

3,500

At 31 March 2022

14,125

NET BOOK VALUE

At 31 March 2022

20,875

At 31 March 2021

24,375

5.	TANGIBLE FIXED ASSETS

Fittings

Short

Plant and

and

leasehold

machinery

equipment

Totals

£

£

£

£

COST

At 1 April 2021

12,291

9,448

3,518

25,257

Additions

-

-

9,193

9,193

At 31 March 2022

12,291

9,448

12,711

34,450

DEPRECIATION

At 1 April 2021

3,731

3,556

2,136

9,423

Charge for year

1,229

1,889

2,543

5,661

At 31 March 2022

4,960

5,445

4,679

15,084

NET BOOK VALUE

At 31 March 2022

7,331

4,003

8,032

19,366

At 31 March 2021

8,560

5,892

1,382

15,834

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

9,537

50,000

Trade creditors

31,403

7,725

Taxation and social security

82,893

46,977

Other creditors

8,491

10,168

132,324

114,870

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans

32,695

-

8.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

6,253

-

Deferred

tax

£

Provided during year

6,253

Balance at 31 March 2022

6,253

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1

Ordinary

1

1

1

10.	OTHER FINANCIAL COMMITMENTS

The company has total commitments of £127,038 under non cancellable operating leases.