Apple Childcare Vouchers Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 06667955 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2022

FOR

APPLE CHILDCARE VOUCHERS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Barrow

Mr S W Pickering

Mr A P M Sykes

SECRETARY:

Mr S W Pickering

REGISTERED OFFICE:

1 City Road East

Manchester

M15 4PN

REGISTERED NUMBER:

06667955 (England and Wales)

ACCOUNTANTS:

KJG

1 City Road East

Manchester

M15 4PN

FIXED ASSETS

Tangible assets

4

679

1,373

CURRENT ASSETS

Debtors

5

67,234

17,118

Investments

6

446,165

1,153,517

Cash at bank and in hand

37,444

59,169

550,843

1,229,804

CREDITORS

Amounts falling due within one year

7

(726,802

)

(957,935

)

NET CURRENT (LIABILITIES)/ASSETS

(175,959

)

271,869

TOTAL ASSETS LESS CURRENT LIABILITIES

(175,280

)

273,242

CREDITORS

Amounts falling due after more than one year

8

(21,217

)

(28,573

)

NET (LIABILITIES)/ASSETS

(196,497

)

244,669

CAPITAL AND RESERVES

Called up share capital

9

40,000

40,000

Retained earnings

(236,497

)

204,669

SHAREHOLDERS' FUNDS

(196,497

)

244,669

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31st March 2023 and were signed on its behalf by:

Mr M Barrow - Director

1.	STATUTORY INFORMATION

Apple Childcare Vouchers Limited is a private company limited by share capital, incorporated in England and Wales, registration number 06667955. The address of the registered office is 1 City Road East, Manchester, England, M15 4PN. The principal trading place of the business is Alexandra Court, Carrs Road, Cheadle, SK8 2JY.

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.

Turnover principally consists of income relating to the administration of childcare voucher schemes for employers.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and fittings

-

20% reducing balance

Office equipment

-

12.5% - 33% on cost

At each reporting date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and in hand.

Other Investments

The fair values of investments that are traded in active markets are base on prices obtained directly from an exchange on which the instruments are traded or obtained from a broker that provides an unadjusted quoted price from an active market for identical instruments. For all other financial instruments, the company determines fair values using other valuation techniques.

For financial instruments that trade infrequently and have little price transparency, fair value is less objective and requires varying degrees of judgement depending on liquidity, uncertainty of market factors, pricing assumptions and other risks affecting the specific instrument.

Other investments is wholly made up of a share portfolio.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Office

fittings

equipment

Totals

£

£

£

COST

At 1st September 2021

and 31st August 2022

1,131

29,882

31,013

DEPRECIATION

At 1st September 2021

787

28,853

29,640

Charge for year

69

625

694

At 31st August 2022

856

29,478

30,334

NET BOOK VALUE

At 31st August 2022

275

404

679

At 31st August 2021

344

1,029

1,373

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

20,267

12,900

Other debtors

42,864

-

Directors' current accounts

4,103

4,103

Prepayments

-

115

67,234

17,118

6.	CURRENT ASSET INVESTMENTS

2022

2021

£

£

Other

446,165

1,153,517

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Bank loans and overdrafts

7,356

7,165

Trade creditors

21,001

18,712

Tax

12,064

40,524

Social security and other taxes

298

863

VAT

5,012

4,197

Other creditors

677,496

874,061

Accrued expenses

3,575

12,413

726,802

957,935

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2022

2021

£

£

Bank loans - 1-2 years

7,548

7,356

Bank loans - 2-5 years

13,669

21,217

21,217

28,573

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.08.2022

31.08.2021

value:

£

£

1,20,000

Ordinary A

£0.25

30,000

40,000

Ordinary B

£0.25

10,000

20,000

Ordinary A

£0.25

5,000

-

8,000

Ordinary B

£0.25

2,000

-

34,000

Ordinary C

£0.25

8,500

-

20,000

Ordinary D

£0.25

5,000

-

20,000

Ordinary E

£0.25

5,000

-

10,000

Ordinary F

£0.25

2,500

-

20,000

Ordinary G

£0.25

5,000

-

8,000

Ordinary H

£0.25

2,000

-

20,000

Ordinary I

£0.25

5,000

-

40,000

40,000

=======

=======

10.	RELATED PARTY DISCLOSURES

At the year end, the company was owed £4,103 from the directors (2020 - £4,103). This balance relates to an interest free loan account.