Caseware UK (AP4) 2021.0.152 2021.0.152 2022-01-312022-01-312021-02-01false22truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07120450 2021-02-01 2022-01-31 07120450 2020-02-01 2021-01-31 07120450 2022-01-31 07120450 2021-01-31 07120450 c:Director3 2021-02-01 2022-01-31 07120450 d:PlantMachinery 2021-02-01 2022-01-31 07120450 d:PlantMachinery 2022-01-31 07120450 d:PlantMachinery 2021-01-31 07120450 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 07120450 d:OfficeEquipment 2021-02-01 2022-01-31 07120450 d:OfficeEquipment 2022-01-31 07120450 d:OfficeEquipment 2021-01-31 07120450 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 07120450 d:OwnedOrFreeholdAssets 2021-02-01 2022-01-31 07120450 d:CurrentFinancialInstruments 2022-01-31 07120450 d:CurrentFinancialInstruments 2021-01-31 07120450 d:CurrentFinancialInstruments d:WithinOneYear 2022-01-31 07120450 d:CurrentFinancialInstruments d:WithinOneYear 2021-01-31 07120450 d:ShareCapital 2022-01-31 07120450 d:ShareCapital 2021-01-31 07120450 d:RetainedEarningsAccumulatedLosses 2022-01-31 07120450 d:RetainedEarningsAccumulatedLosses 2021-01-31 07120450 c:FRS102 2021-02-01 2022-01-31 07120450 c:AuditExempt-NoAccountantsReport 2021-02-01 2022-01-31 07120450 c:FullAccounts 2021-02-01 2022-01-31 07120450 c:PrivateLimitedCompanyLtd 2021-02-01 2022-01-31 07120450 d:Subsidiary1 2021-02-01 2022-01-31 07120450 d:Subsidiary1 1 2021-02-01 2022-01-31 07120450 d:WithinOneYear 2022-01-31 07120450 d:WithinOneYear 2021-01-31 07120450 d:BetweenOneFiveYears 2022-01-31 07120450 d:BetweenOneFiveYears 2021-01-31 07120450 2 2021-02-01 2022-01-31 07120450 6 2021-02-01 2022-01-31 iso4217:GBP xbrli:pure
Registered number: 07120450


 
 
 
 
 
 
 
 
APM (SALES & SERVICE) UK LIMITED
 
 
UNAUDITED
FINANCIAL STATEMENTS
 
FOR THE YEAR ENDED 31 JANUARY 2022

 
APM (SALES & SERVICE) UK LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 8


 
APM (SALES & SERVICE) UK LIMITED
REGISTERED NUMBER:07120450

BALANCE SHEET
AS AT 31 JANUARY 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
17,628
17,880

Investments
 5 
350
350

  
17,978
18,230

Current assets
  

Debtors: amounts falling due within one year
 6 
719,557
1,086,821

Cash at bank and in hand
  
712,086
807,139

  
1,431,643
1,893,960

Creditors: amounts falling due within one year
 7 
(280,598)
(799,403)

Net current assets
  
 
 
1,151,045
 
 
1,094,557

Total assets less current liabilities
  
1,169,023
1,112,787

  

Net assets
  
1,169,023
1,112,787


Capital and reserves
  

Called up share capital 
  
3
3

Profit and loss account
  
1,169,020
1,112,784

  
1,169,023
1,112,787


Page 1

 
APM (SALES & SERVICE) UK LIMITED
REGISTERED NUMBER:07120450
    
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question 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 financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 August 2022.




R Craddock
Director


The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
APM (SALES & SERVICE) UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

1.


General information

APM (Sales & Service) UK Limited, is a private company limited by shares and is incorporated and domiciled in the United Kingdom.  The address of the registered office is Rutland House, 148 Edmund Street, Birmingham, West Midlands, B3 2FD.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

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

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
APM (SALES & SERVICE) UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and equipment
-
25% reducing balance
Office equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors.

 
2.7

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.

 
2.8

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 4

 
APM (SALES & SERVICE) UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

2.Accounting policies (continued)

 
2.9

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.10

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

 
2.11

Operating leases: the Company as lessee

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

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.14

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Page 5

 
APM (SALES & SERVICE) UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).


4.


Tangible fixed assets





Plant and equipment
Office equipment
Total

£
£
£



Cost


At 1 February 2021
15,382
12,777
28,159


Additions
1,030
3,827
4,857



At 31 January 2022

16,412
16,604
33,016



Depreciation


At 1 February 2021
641
9,638
10,279


Charge for the year on owned assets
3,857
1,252
5,109



At 31 January 2022

4,498
10,890
15,388



Net book value



At 31 January 2022
11,914
5,714
17,628



At 31 January 2021
14,741
3,139
17,880


5.


Fixed asset investments





Investments in subsidiary companies

£



Cost


At 1 February 2021
350



At 31 January 2022
350




Page 6

 
APM (SALES & SERVICE) UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Registered office

Principal activity

Class of shares

Holding

Chen Hsong UK Limited
Rutland House, 148 Edmund Street, Birmingham B3 2FD
Dormant
Ordinary
100%


6.


Debtors

2022
2021
£
£


Trade debtors
202,600
261,703

Payments on account to suppliers
99,937
403,316

Amounts owed by group undertakings
395,382
395,382

Other debtors
-
6,845

Prepayments and accrued income
21,638
19,575

719,557
1,086,821



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Trade creditors
6,211
119,836

Payments received on account from customers
109,731
516,873

Corporation tax
48,777
67,044

Other taxation and social security
10,251
50,780

Other creditors
18,627
25,870

Accruals and deferred income
87,001
19,000

280,598
799,403


Page 7

 
APM (SALES & SERVICE) UK LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2022

8.


Commitments under operating leases

At 31 January 2022 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2022
2021
£
£


Not later than 1 year
16,433
6,499

Later than 1 year and not later than 5 years
16,621
-

33,054
6,499

 
Page 8