Apricot Umbrella Limited |
Notes to the Accounts |
for the year ended 30 June 2022 |
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1 |
Accounting policies |
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Basis of preparation |
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The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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2 |
Employees |
2022 |
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2021 |
Number |
Number |
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Average number of persons employed by the company |
0 |
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0 |
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3 |
Debtors |
2022 |
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2021 |
£ |
£ |
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Trade debtors |
244,886 |
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152,054 |
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4 |
Creditors: amounts falling due within one year |
2022 |
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2021 |
£ |
£ |
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Amounts owed to undertaking which has an interest in the company |
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134,916 |
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67,782 |
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Taxation and social security costs |
253,260 |
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274,545 |
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Other creditors |
65,980 |
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253,044 |
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Director's account |
98 |
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98 |
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454,254 |
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595,469 |
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5 |
Related party transactions |
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The company acts on behalf of and is an agent of Adye Ltd, a company incorporated and based in Cyprus. Apricot Umbrella Ltd incurred its own expenses during the year, however it has not received any income. The company owes Adye Ltd a total amount £134,916 (2021: £67,782) as at the year end. |
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6 |
Controlling party |
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The director controls the company. |
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7 |
Other information |
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Apricot Umbrella Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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20 North Lane |
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Canterbury |
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Kent |
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CT2 7PG |