Registered number: 04510409 | ||||||||
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FOR THE YEAR ENDED 31 DECEMBER 2017 | ||||||||
Prepared By: | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
We Develop Apps Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2017 | ||||||||
DIRECTORS | ||||||||
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SECRETARY | ||||||||
Ms J Harris | ||||||||
REGISTERED OFFICE | ||||||||
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Northants | ||||||||
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COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 04510409 | ||||||||
ACCOUNTANTS | ||||||||
Berry Kearsley Stockwell Ltd | ||||||||
Accountants | ||||||||
Sterling House | ||||||||
31-32 High Street | ||||||||
Wellingborough | ||||||||
Northants | ||||||||
NN8 4HL |
We Develop Apps Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31 DECEMBER 2017 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
We Develop Apps Limited | ||||||||
BALANCE SHEET AT
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2017 | 2016 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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Investment Assets | 3 |
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CURRENT ASSETS | ||||||||||
Stock |
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Cash at bank and in hand |
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44,419 | 29,377 | |||||||||
CREDITORS: Amounts falling due within one year | 5 |
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NET CURRENT ASSETS |
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6,906 | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES |
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PROVISIONS FOR LIABILITIES AND CHARGES | 7 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 |
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Profit and loss account | 39,083 | 11,702 | ||||||||
SHAREHOLDERS' FUNDS |
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Approved by the board on
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............................. | ||||||||||
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Director | ||||||||||
We Develop Apps Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31 DECEMBER 2017 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
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Commercial Vehicles | reducing balance 20% | |||||||
Equipment | straight line 33% |
1c. Stocks | ||||||||
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. |
1d. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
We Develop Apps Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Commercial | ||||||
Vehicles | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 1 January 2017 | - | 17,779 | 17,779 | |||
Additions | 18,990 | 5,254 | 24,244 | |||
At 31 December 2017 | 18,990 | 23,033 | 42,023 | |||
Depreciation | ||||||
At 1 January 2017 | - | 12,001 | 12,001 | |||
For the year | 3,798 | 5,842 | 9,640 | |||
At 31 December 2017 | 3,798 | 17,843 | 21,641 | |||
Net Book Amounts | ||||||
At 31 December 2017 |
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20,382 | |||
At 31 December 2016 |
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5,778 | |||
3. FiNANCIAL ASSETS | |||||||||
Listed | |||||||||
Investments | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 1 January 2017 | 1 | 1 | |||||||
At 31 December 2017 | 1 | 1 | |||||||
Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31 December 2017 | 1 | 1 | |||||||
At 31 December 2016 | 1 | 1 | |||||||
The fixed asset investment relates to 50% shareholding in Syneye Limited. | |||||||||
Nature of the business: IT consultancy and application development. | |||||||||
Aggregate capital and reserves at 30/09/2017: £58 (2016 - £1,629DR) , Profit for the year: £1,687 (2016 - £2,316) |
4. STOCK | 2017 | 2016 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Work in progress |
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We Develop Apps Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2017 | 2016 | |||||||
£ | £ | |||||||
UK corporation tax | 8,605 | 5,696 | ||||||
VAT | 4,509 | 4,578 | ||||||
Directors current account | 7,810 | 11,307 | ||||||
Credit cards | 26 | 39 | ||||||
Trade creditors | 36 | 10 | ||||||
Accruals | 859 | 841 | ||||||
21,845 | 22,471 | |||||||
6. EMPLOYEES | ||||||
2017 | 2016 | |||||
No. | No. | |||||
Average number of employees | 2 | 2 | ||||
7. PROVISIONS FOR LIABILITIES | 2017 | 2016 | ||||||
£ | £ | |||||||
Deferred taxation | 3,873 | 982 | ||||||
3,873 | 982 | |||||||
8. SHARE CAPITAL | 2017 | 2016 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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1 | 1 | ||||||
1 | 1 | |||||||
9. CONTROLLING PARTY | ||||||||
The company is controlled by Mr V Harrison. | ||||||||
We Develop Apps Limited | ||||||||
10. RELATED PARTY TRANSACTIONS | ||||||||
During the year, total dividends of £20,000 (2016 - £8,000) were paid to the director. | ||||||||
During the year the company was charged £14,312 (2016 - £7,917) by Syneye Limited. We Develop Apps Limited is a 50% Shareholder of Syneye Limited and Mr V Harrison is a sole Director of Syneye Limited. | ||||||||
The company also sold services to Syneye Limited totalling £11,168 (2016 - Nil). There was no amount outstanding at the year end. | ||||||||