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Company Registration No. 13847711 (England and Wales)
APEG UK LTD Unaudited Financial Statements for the period from 13 January 2022 to 31 January 2023
APEG UK LTD Unaudited Financial Statements Contents
Page
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APEG UK LTD Company Information for the period from 13 January 2022 to 31 January 2023
Directors
Afrina B WAHID Alya B WAHID
Secretary
Afrina B WAHID
Company Number
13847711 (England and Wales)
Registered Office
1 Monks Pond Street Northampton NN1 2LF United Kingdom
Accountants
Adelita Shah Chartered Accountants 1 Monks Pond Street Northampton NN1 2LF
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APEG UK LTD Statement of financial position as at 31 January 2023
2023 
Notes
£ 
Current assets
Inventories
61,170 
Debtors
130,712 
Cash at bank and in hand
25,079 
216,961 
Creditors: amounts falling due within one year
(169,792)
Net current assets
47,169 
Net assets
47,169 
Capital and reserves
Called up share capital
2 
Profit and loss account
47,167 
Shareholders' funds
47,169 
For the period ending 31 January 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 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 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 of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by
Afrina B WAHID Director Company Registration No. 13847711
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APEG UK LTD Notes to the Accounts for the period from 13 January 2022 to 31 January 2023
1
Statutory information
APEG UK LTD is a private company, limited by shares, registered in England and Wales, registration number 13847711. The registered office is 1 Monks Pond Street, Northampton, NN1 2LF, United Kingdom.
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.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Going concern & Covid 19
The total current assets exceeds the total current liabilities of the company as at 31st January 2023. The directors remain confident that company will be profitable post year-end.It is for these reasons the accounts have been prepared on a going concern basis.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
4
Debtors
2023 
£ 
Amounts falling due within one year
VAT
97,870 
Accrued income and prepayments
11,842 
109,712 
Amounts falling due after more than one year
Other debtors
21,000 
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APEG UK LTD Notes to the Accounts for the period from 13 January 2022 to 31 January 2023
5
Creditors: amounts falling due within one year
2023 
£ 
Trade creditors
13,268 
Taxes and social security
11,064 
Loans from directors
142,460 
Accruals
3,000 
169,792 
6
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Director Loan Account
- 
142,460 
- 
142,460 
- 
142,460 
- 
142,460 
Balance of £142,460 is still owing to the Director at the year end. It will be interest free.
7
Average number of employees
During the period the average number of employees was 2.
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