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REGISTERED NUMBER: 13119984 (England and Wales)












APT PRACTICE LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023






APT PRACTICE LIMITED (REGISTERED NUMBER: 13119984)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APT PRACTICE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTORS: Mr A T P Florides
Mrs L E Florides





REGISTERED OFFICE: 15 Hithercroft Road
Downley
High Wycombe
Buckinghamshire
HP13 5LT





REGISTERED NUMBER: 13119984 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

APT PRACTICE LIMITED (REGISTERED NUMBER: 13119984)

BALANCE SHEET
31 JANUARY 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,917 602

CURRENT ASSETS
Debtors 5 60,902 -
Cash at bank and in hand 31,493 77,268
92,395 77,268
CREDITORS
Amounts falling due within one year 6 30,159 41,264
NET CURRENT ASSETS 62,236 36,004
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,153

36,606

PROVISIONS FOR LIABILITIES 7 346 114
NET ASSETS 63,807 36,492

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 63,707 36,392
SHAREHOLDERS' FUNDS 63,807 36,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

APT PRACTICE LIMITED (REGISTERED NUMBER: 13119984)

BALANCE SHEET - continued
31 JANUARY 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16 October 2023 and were signed on its behalf by:





Mr A T P Florides - Director


APT PRACTICE LIMITED (REGISTERED NUMBER: 13119984)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023


1. STATUTORY INFORMATION

APT Practice Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

APT PRACTICE LIMITED (REGISTERED NUMBER: 13119984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2022 678 75 753
Additions - 1,922 1,922
At 31 January 2023 678 1,997 2,675
DEPRECIATION
At 1 February 2022 136 15 151
Charge for year 108 499 607
At 31 January 2023 244 514 758
NET BOOK VALUE
At 31 January 2023 434 1,483 1,917
At 31 January 2022 542 60 602

5. DEBTORS
31.1.23 31.1.22
£    £   
Amounts falling due within one year:
PAYE refund 869 -

Amounts falling due after more than one year:
Other debtors 60,033 -

Aggregate amounts 60,902 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade creditors - 1,275
Tax 6,612 19,071
Social security and other taxes - (869 )
VAT - 4,227
Shareholder Loan - 10,800
Directors' current accounts 21,027 4,660
Accrued expenses 2,520 2,100
30,159 41,264

7. PROVISIONS FOR LIABILITIES
31.1.23 31.1.22
£    £   
Deferred tax 346 114

APT PRACTICE LIMITED (REGISTERED NUMBER: 13119984)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023


7. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 February 2022 114
Provided during year 232
Accelerated capital allowances
Balance at 31 January 2023 346

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.1.23 31.1.22
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 February 2022 36,392
Profit for the year 28,615
Dividends (1,300 )
At 31 January 2023 63,707

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr A T P Florides.