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REGISTERED NUMBER: 10139488 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2023

FOR

APSL SYSTEMS LIMITED

APSL SYSTEMS LIMITED (REGISTERED NUMBER: 10139488)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 June 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


APSL SYSTEMS LIMITED

COMPANY INFORMATION
for the year ended 30 June 2023







DIRECTORS: Mrs S L Jackman
J G Roberts
Mrs D E Roberts
A Jackman



REGISTERED OFFICE: 46 Somers Road Industrial Estate
Somers Road
Rugby
Warwickshire
CV22 7DH



REGISTERED NUMBER: 10139488 (England and Wales)



BANKERS: Lloyds TSB Bank PLC
17-23 Coventry Street
Nuneaton
CV11 5TD

APSL SYSTEMS LIMITED (REGISTERED NUMBER: 10139488)

ABRIDGED BALANCE SHEET
30 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,993 10,821

CURRENT ASSETS
Debtors 4,348,131 2,164,736
Cash at bank 1,305,772 869,711
5,653,903 3,034,447
CREDITORS
Amounts falling due within one year 3,331,544 1,839,388
NET CURRENT ASSETS 2,322,359 1,195,059
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,343,352

1,205,880

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 2,343,252 1,205,780
SHAREHOLDERS' FUNDS 2,343,352 1,205,880

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 June 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 31 October 2023 and were signed on its behalf by:



A Jackman - Director


APSL SYSTEMS LIMITED (REGISTERED NUMBER: 10139488)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 June 2023

1. STATUTORY INFORMATION

APSL Systems 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below.

Turnover
Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal course of business. Revenue is recognised in respect of service contracts when the company obtains the right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures & fittings - Over 3 years
Computer equipment - Straight line over 3 years and 2 years straight line



Taxation
Taxation for the year comprises current 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 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 8 ) .

APSL SYSTEMS LIMITED (REGISTERED NUMBER: 10139488)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2022 49,188
Additions 17,405
Disposals (1,598 )
At 30 June 2023 64,995
DEPRECIATION
At 1 July 2022 38,367
Charge for year 7,233
Eliminated on disposal (1,598 )
At 30 June 2023 44,002
NET BOOK VALUE
At 30 June 2023 20,993
At 30 June 2022 10,821

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 12,025 12,025
Between one and five years 3,006 15,031
15,031 27,056

6. SECURED DEBTS

There is a fixed charge over certain assets.

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

8. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.