Apply Improve Ltd Accounts






Apply Improve Ltd

	Company No. 08992604
		Information for Filing with The Registrar
		30 April 2022

at	30 April 2022
Company No.		08992604	Notes	2022	2021
				£	£
Fixed assets

	Tangible assets		4	-	1,022


				-	1,022
Current assets



	Cash at bank and in hand			11,575	45,259
				11,575	45,259
Creditors: Amount falling due within one year			5	(631)	(37,006)
Net current assets				10,944	8,253
Total assets less current liabilities				10,944	9,275




Net assets				10,944	9,275

Capital and reserves
	Called up share capital			1	1



	Profit and loss account		6	10,943	9,274

Total equity				10,944	9,275



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 April 2022 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 19 January 2023
And signed on its behalf by:
G. Clark
Director
19 January 2023

for the year ended 30 April 2022

General information

Its registered number is: 08992604

Its registered office is:

20-22 Wenlock Road

London

England

N1 7GU

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland (March 2018) and the Companies Act 2006.

Accounting policies

Turnover

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is passed.

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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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.

Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.

Trade and other 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
			2022	2021
			Number	Number
		The average monthly number of employees (including directors) during the year was:	1	1

4	Tangible fixed assets
			Plant and machinery	Total
			£	£
		Cost or revaluation
		At 1 May 2021	3,066	3,066




		At 30 April 2022	3,066	3,066
		Depreciation
		At 1 May 2021	2,044	2,044
		Charge for the year	1,022	1,022



		At 30 April 2022	3,066	3,066
		Net book values
		At 30 April 2022	-	-
		At 30 April 2021	1,022	1,022

5	Creditors:
		amounts falling due within one year
			2022	2021
			£	£






		Corporation tax	631	32,050
		Other taxes and social security	-	4,956



			631	37,006

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.

7	Dividends
			2022	2021
			£	£
		Dividends for the period:
		Dividends paid in the period	-	145,700

			-	145,700

		Dividends by type:

		Equity dividends	-	145,700
			-	145,700