APT DESIGN LIMITED

Company Registration Number:
04330078 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

APT DESIGN LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

APT DESIGN LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Called up share capital not paid: 0 0
Fixed assets
Tangible assets: 3 133,672 113,774
Total fixed assets: 133,672 113,774
Current assets
Debtors:   451,193 547,832
Cash at bank and in hand: 518,334 711,949
Total current assets: 969,527 1,259,781
Creditors: amounts falling due within one year:   (160,849) (249,580)
Net current assets (liabilities): 808,678 1,010,201
Total assets less current liabilities: 942,350 1,123,975
Creditors: amounts falling due after more than one year:   (132,727) (140,625)
Provision for liabilities: (7,836) (7,836)
Total net assets (liabilities): 801,787 975,514
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 801,785 975,512
Shareholders funds: 801,787 975,514

The notes form part of these financial statements

APT DESIGN LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption 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 Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 09 August 2022
and signed on behalf of the board by:

Name: P Jozsa
Status: Director

The notes form part of these financial statements

APT DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods suppliedand services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership havetransferred to the buyer (usually on despatch of the goods); the amount of revenue can be measuredreliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurredor to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value,over the useful economic life of that asset as follows:Plant and machinery - 25% reducing balanceFittings fixtures and equipment - 15% reducing balanceMotor vehicles - 15% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life orresidual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

ProvisionsProvisions are recognised when the entity has an obligation at the reporting date as a result of a pastevent; it is probable that the entity will be required to transfer economic benefits in settlement and theamount of the obligation can be estimated reliably. Provisions are recognised as a liability in thestatement of financial position and the amount of the provision as an expense.Provisions are initially measured at the best estimate of the amount required to settle the obligation atthe reporting date and subsequently reviewed at each reporting date and adjusted to reflect the currentbest estimate of the amount that would be required to settle the obligation. Any adjustments to theamounts previously recognised are recognised in profit or loss unless the provision was originallyrecognised as part of the cost of an asset. When a provision is measured at the present value of theamount expected to be required to settle the obligation, the unwinding of the discount is recognised infinance costs in profit or loss in the period it arises.Defined contribution plansContributions to defined contribution plans are recognised as an expense in the period in which therelated service is provided. Prepaid contributions are recognised as an asset to the extent that theprepayment will lead to a reduction in future payments or a cash refund.When contributions are not expected to be settled wholly within 12 months of the end of the reportingdate in which the employees render the related service, the liability is measured on a discountedpresent value basis. The unwinding of the discount is recognised in finance costs in profit or loss in theperiod in which it arises.

APT DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 7 7

APT DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 245,499
Additions 35,280
At 31 December 2021 280,779
Depreciation
At 01 January 2021 131,725
Charge for year 15,382
At 31 December 2021 147,107
Net book value
At 31 December 2021 133,672
At 31 December 2020 113,774

APT DESIGN LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Loans to directors

Name of director receiving advance or credit: P Jozsa
Description of the loan: During the year the directors entered into the following advances and credits with the company:
£
Balance at 01 January 2021 318,473
Advances or credits repaid: 153,577
Balance at 31 December 2021 164,896