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REGISTERED NUMBER: 09301579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022

FOR

AP MACHINERY & HIRE LIMITED

AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022










Page

Statement of Financial Position 1 to 2

Notes to the Financial Statements 3 to 7


AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

STATEMENT OF FINANCIAL POSITION
30 JULY 2022

30.7.22 31.7.21
as restated
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 4,226 5,635

CURRENT ASSETS
Debtors 5 22,106 29,380
Cash at bank 1,499 1,107
23,605 30,487
CREDITORS
Amounts falling due within one year 6 (33,710 ) (29,397 )
NET CURRENT (LIABILITIES)/ASSETS (10,105 ) 1,090
TOTAL ASSETS LESS CURRENT
LIABILITIES

(5,879

)

6,725

PROVISIONS FOR LIABILITIES (803 ) (1,070 )
NET (LIABILITIES)/ASSETS (6,682 ) 5,655

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (6,782 ) 5,555
(6,682 ) 5,655

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 July 2022 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.

AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

STATEMENT OF FINANCIAL POSITION - continued
30 JULY 2022


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 19 October 2023 and were signed on its behalf by:





D G A Davies - Director


AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022


1. STATUTORY INFORMATION

AP Machinery & Hire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 09301579

Registered office: c/o DPC Accountants
Stone House
55 Stone Road Business Park
Stoke On Trent
Staffordshire
ST4 6SR

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.

The financial statements are prepared in sterling, which is the functional currency of the entity.

SIGNIFICANT JUDGEMENTS AND ESTIMATES
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Significant judgements

The judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements are as follows:

(i) Estimated useful lives and residual values of fixed assets

Depreciation of tangible fixed assets has been based on estimated useful lives and residual values deemed appropriate by the directors. Estimated useful lives and residual values are reviewed annually and revised as appropriate. Revisions take into account estimated useful lives used by other companies operating in the sector and actual asset lives and residual values, as evidenced by disposals during the current and prior accounting periods.

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

Revenue from the rendering of services is recognised by reference to the stage of completion at the balance sheet date; the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022


2. ACCOUNTING POLICIES - continued

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% reducing balance from purchase date

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

FINANCIAL INSTRUMENTS
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

TAXATION
Taxation for the period 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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022


2. ACCOUNTING POLICIES - continued

IMPAIRMENT
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs.
The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

PROVISIONS
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset.

GOING CONCERN
The directors have reviewed the company's trading and cashflow position and have provided assurances that they will continue to provide support to the company in order that it may continue its activities as hitherto. Consequently, the directors are of the opinion that the financial statements should be prepared on the going concern basis.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2021 - 1 ) .

AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022


4. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
£   
COST
At 1 August 2021
and 30 July 2022 20,435
DEPRECIATION
At 1 August 2021 14,800
Charge for period 1,409
At 30 July 2022 16,209
NET BOOK VALUE
At 30 July 2022 4,226
At 31 July 2021 5,635

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.22 31.7.21
as restated
£    £   
Trade debtors 12,037 15,895
Other debtors 10,069 13,485
22,106 29,380

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.22 31.7.21
as restated
£    £   
Trade creditors 15,333 16,042
Taxation and social security 14,655 10,099
Other creditors 3,722 3,256
33,710 29,397

AP MACHINERY & HIRE LIMITED (REGISTERED NUMBER: 09301579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 AUGUST 2021 TO 30 JULY 2022


7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the period ended 30 July 2022 and the year ended 31 July 2021:

30.7.22 31.7.21
as restated
£    £   
D G A Davies
Balance outstanding at start of period 13,485 (330 )
Amounts advanced 12,143 13,815
Amounts repaid (18,100 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 7,528 13,485

The director loan account is interest free and repayable on demand.