07501834falsethat of manufactire and sale of commercial kitchen equipment, all of which is carried out within the United Kingdom.2022-01-012022-12-31http://www.companieshouse.gov.uk/2021-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2021-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2021-12-31http://www.companieshouse.gov.uk/cd:Director12022-01-012022-12-31http://www.companieshouse.gov.uk/pt:PlantMachinery2022-12-31http://www.companieshouse.gov.uk/pt:ShareCapital2022-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2021-12-31http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12022-01-012022-12-31http://www.companieshouse.gov.uk/pt:ToolsEquipment2022-12-31http://www.companieshouse.gov.uk/cd:RegisteredOffice2022-01-012022-12-31http://www.companieshouse.gov.uk/cd:AuditExemptWithAccountantsReport2022-01-012022-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2022-12-31http://www.companieshouse.gov.uk/pt:CurrentFinancialInstruments2021-12-31http://www.companieshouse.gov.uk/2022-01-012022-12-31http://www.companieshouse.gov.uk/2021-12-31http://www.companieshouse.gov.uk/cd:FRS1022022-01-012022-12-31http://www.companieshouse.gov.uk/2022-12-31http://www.companieshouse.gov.uk/cd:FullAccounts2022-01-012022-12-31http://www.companieshouse.gov.uk/cd:PrivateLimitedCompanyLtd2022-01-012022-12-31iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 07501834

APITEL LIMITED

ACCOUNTS
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
IAN CHARLES PITTWOOD
REGISTERED OFFICE
UNIT 15 BILSTON INDUSTRIAL ESTATE
OXFORD STREET
BILSTON
WEST MIDLANDS
WV14 7EG
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 Sheet3
Notes To The Accounts4
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 31/12/2022
20222021
Notes££
FIXED ASSETS
Tangible assets22,4222,962
CURRENT ASSETS
Stock2,5853,468
Debtors43,5965,896
Cash at bank and in hand10873
6,2899,437
CREDITORS: Amounts falling due within one year527,05227,279
NET CURRENT LIABILITIES(20,763)(17,842)
TOTAL ASSETS LESS CURRENT LIABILITIES(18,341)(14,880)
PROVISIONS FOR LIABILITIES AND CHARGES7231334
NET LIABILITIES(18,572)(15,214)
CAPITAL AND RESERVES
Called up share capital8100100
Profit and loss account(18,672)(15,314)
SHAREHOLDERS' FUNDS(18,572)(15,214)
For the year ending 31/12/2022 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 24/09/2023 and signed on their behalf by
.............................
IAN CHARLES PITTWOOD
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
Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives.
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 Machinerystraight line10%
Equipmentstraight 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
MachineryEquipmentTotal
£££
Cost
At 01/01/20223,5962,2165,812
Disposals(400)(40)(440)
At 31/12/20223,1962,1765,372
Depreciation
At 01/01/20221,2001,6502,850
Disposals(400)(40)(440)
For the year320220540
At 31/12/20221,1201,8302,950
Net Book Amounts
At 31/12/20222,0763462,422
At 31/12/20212,3965662,962
3. STOCK 20222021
££
Stock comprises:
Stock raw materials2,2002,888
Work in progress145260
Stock of finished goods240320
2,5853,468
4. DEBTORS 20222021
££
Amounts falling due within one year
Trade debtors2,8915,164
Prepayments705732
3,5965,896

APITEL LIMITED

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20222021
££
UK corporation tax4,0404,041
VAT1,8962,671
PAYE control1,7902,244
Directors current account9,6869,405
Trade creditors882868
Accruals8,7588,050
27,05227,279
6. EMPLOYEES
20222021
No.No.
Average number of employees11
Key management personnel is restricted to that of the director.
7. PROVISIONS FOR LIABILITIES 20222021
££
Deferred taxation231334
231334
8. SHARE CAPITAL 20222021
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100

APITEL LIMITED

9. OTHER FINANCIAL COMMITMENTS
At 31/12/2022 the company was committed to making the following payments under non-cancellable operating leases:
20222021
££
Operating Leases which expire:
Within one year2,4012,401
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
Mr I C Pittwood received a dividend of £ nil in the year to 31 December 2022 (2021 - £ nil).
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.