Registered number: 07501834 | ||||||||
FOR THE YEAR ENDED 31/12/2022 | ||||||||
Prepared By: | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
APITEL LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 31/12/2022 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
WEST MIDLANDS | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 07501834 | ||||||||
BANKERS | ||||||||
ACCOUNTANTS | ||||||||
JAN G GROMADZKI | ||||||||
CHARTERED ACCOUNTANT | ||||||||
13 WOLVERHAMPTON ROAD | ||||||||
CODSALL | ||||||||
WOLVERHAMPTON | ||||||||
WEST MIDLANDS | ||||||||
WV8 1PT |
APITEL LIMITED | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED31/12/2022 | ||||||||
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 | - |
APITEL LIMITED | ||||||||
BALANCE SHEET AT | ||||||||||
2022 | 2021 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
6,289 | 9,437 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT LIABILITIES | ( | (17,842) | ||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ( | ( | ||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | 7 | |||||||||
NET LIABILITIES | ( | ( | ||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | 8 | |||||||||
Profit and loss account | (18,672) | (15,314) | ||||||||
SHAREHOLDERS' FUNDS | ( | ( | ||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
APITEL LIMITED | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/12/2022 | ||||||||||
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. Going Concern | ||||||||
The financial statements have been prepared on the going concern basis. At 31 December 2022 the company was in net liability of £ 18,572. The director has given assurances that he will not draw on his loan account and will help support the company for the next twelve months in order that the company can pay it's debts as they fall due. |
1c. Depreciation | ||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is an indication that any items have suffered 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. | ||||||||
Plant And Machinery | straight line10% | |||||||
Equipment | straight line10% |
1d. 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. |
1e. Basis Of Accounting FRS 1021 a | ||||||||
The accounts have been prepared under the historical cost convention and are stated in United Kingdom Pounds Sterling. | ||||||||
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. |
APITEL LIMITED | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||
Plant and | ||||||
Machinery | Equipment | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/01/2022 | 3,596 | 2,216 | 5,812 | |||
Disposals | (400) | (40) | (440) | |||
At 31/12/2022 | 3,196 | 2,176 | 5,372 | |||
Depreciation | ||||||
At 01/01/2022 | 1,200 | 1,650 | 2,850 | |||
Disposals | (400) | (40) | (440) | |||
For the year | 320 | 220 | 540 | |||
At 31/12/2022 | 1,120 | 1,830 | 2,950 | |||
Net Book Amounts | ||||||
At 31/12/2022 | 2,422 | |||||
At 31/12/2021 | 2,962 | |||||
3. STOCK | 2022 | 2021 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock raw materials | 2,200 | 2,888 | ||||
Work in progress | ||||||
Stock of finished goods | ||||||
4. DEBTORS | 2022 | 2021 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 2,891 | 5,164 | ||||||
Prepayments | 705 | 732 | ||||||
3,596 | 5,896 | |||||||
APITEL LIMITED | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
UK corporation tax | 4,040 | 4,041 | ||||||
VAT | 1,896 | 2,671 | ||||||
PAYE control | 1,790 | 2,244 | ||||||
Directors current account | 9,686 | 9,405 | ||||||
Trade creditors | 882 | 868 | ||||||
Accruals | 8,758 | 8,050 | ||||||
27,052 | 27,279 | |||||||
6. EMPLOYEES | ||||||||
2022 | 2021 | |||||||
No. | No. | |||||||
Average number of employees | 1 | |||||||
Key management personnel is restricted to that of the director. | ||||||||
7. PROVISIONS FOR LIABILITIES | 2022 | 2021 | ||||||
£ | £ | |||||||
Deferred taxation | 231 | 334 | ||||||
231 | 334 | |||||||
8. SHARE CAPITAL | 2022 | 2021 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
100 | 100 | |||||||
100 | 100 | |||||||
APITEL LIMITED | ||||||||
9. OTHER FINANCIAL COMMITMENTS | ||||||||
At 31/12/2022 the company was committed to making the following payments under non-cancellable operating leases: | ||||||||
2022 | 2021 | |||||||
£ | £ | |||||||
Operating Leases which expire: | ||||||||
Within one year | 2,401 | 2,401 | ||||||
10. CONTROLLING PARTY | ||||||||
The company is controlled by the director Mr I C Pittwood who wholly owns the share capital of the company. | ||||||||
11. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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12. NATURE OF OPERATIONS AND PRINCIPAL ACTIVITY | ||||||||
The company operates in the sector of manufacture and supply of commercial kitchen equipment, all of which is carried out within the United Kingdom. | ||||||||
13. GENERAL INFORMATION | ||||||||
Apitel Limited is a private company limited by shares and incorporated in England. Its registered office is Unit 15, Bilston Industrial Estate, Oxford Street, Bilston, West Midlands, WV14 7EG. | ||||||||
The financial statements are presented in United Kingdom Pounds Sterling, which is the functional currency of the company. | ||||||||