Company Registration No. 06482030 (England and Wales)
Apex Risk Management Limited
Unaudited accounts
for the year ended 31 March 2023
Apex Risk Management Limited
Unaudited accounts
Contents
Apex Risk Management Limited
Company Information
for the year ended 31 March 2023
Company Number
06482030 (England and Wales)
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
Apex Risk Management Limited
Statement of financial position
as at 31 March 2023
Tangible assets
90,459
139,983
Cash at bank and in hand
2,219
500
Creditors: amounts falling due within one year
(369,430)
(366,596)
Net current assets
30,213
18,894
Total assets less current liabilities
120,672
158,877
Creditors: amounts falling due after more than one year
(228,649)
(220,594)
Net liabilities
(107,977)
(61,717)
Called up share capital
101
101
Profit and loss account
(108,078)
(61,818)
Shareholders' funds
(107,977)
(61,717)
For the year ending 31 March 2023 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 September 2023 and were signed on its behalf by
Phillip Perkins
Director
Company Registration No. 06482030
Apex Risk Management Limited
Notes to the Accounts
for the year ended 31 March 2023
Apex Risk Management Limited is a private company, limited by shares, registered in England and Wales, registration number 06482030.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
25% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2022
156,961
193,465
540
7,491
358,457
Additions
318
4,345
-
749
5,412
At 31 March 2023
157,279
197,810
540
8,240
363,869
At 1 April 2022
76,707
134,675
23
7,069
218,474
Charge for the year
25,655
28,433
129
719
54,936
At 31 March 2023
102,362
163,108
152
7,788
273,410
At 31 March 2023
54,917
34,702
388
452
90,459
At 31 March 2022
80,254
58,790
517
422
139,983
Apex Risk Management Limited
Notes to the Accounts
for the year ended 31 March 2023
Amounts falling due within one year
Trade debtors
260,737
263,546
Accrued income and prepayments
17,949
21,133
Other debtors
34,724
44,195
Amounts falling due after more than one year
Other debtors
78,471
55,999
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
87,018
83,222
Obligations under finance leases and hire purchase contracts
18,159
18,159
Trade creditors
94,933
82,870
Taxes and social security
214,580
207,215
Other creditors
81,208
38,409
Loans from directors
(238,886)
(172,304)
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
190,714
164,518
Obligations under finance leases and hire purchase contracts
37,935
56,076
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Phillip Perkins
172,304
66,582
-
238,886
9
Average number of employees
During the year the average number of employees was 32 (2022: 32).