APEX GLOBAL RESOURCES LTD

Company Registration Number:
SC237797 (Scotland)

Unaudited statutory accounts for the year ended 31 December 2022

Period of accounts

Start date: 1 January 2022

End date: 31 December 2022

APEX GLOBAL RESOURCES LTD

Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

APEX GLOBAL RESOURCES LTD

Directors' report period ended 31 December 2022

The directors present their report with the financial statements of the company for the period ended 31 December 2022

Principal activities of the company

The principal activity of the company is the provision and placement of skilled engineering support personnel within the medical engineering and construction sectors.There has been no significant change in these activities during the financial period. These sectors which include the pharmaceutical and.food and beverage industries continue to export strongly and appear to be unaffected by the local economic conditions.The company directors are satisfied with the results for the period and will continue to work with the above sectors in the coming years.

Political and charitable donations

The company made no political donations or incurred any political expenditure during the period (31 December 2021: Nil).



Directors

The directors shown below have held office during the whole of the period from
1 January 2022 to 31 December 2022

BRIAN MCGRATH
SEAN MCGRATH


Secretary BRIAN MCGRATH

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
8 November 2023

And signed on behalf of the board by:
Name: SEAN MCGRATH
Status: Director

APEX GLOBAL RESOURCES LTD

Profit And Loss Account

for the Period Ended 31 December 2022

2022 14 months to 31 December 2021


£

£
Turnover: 11,359,796 10,440,233
Cost of sales: ( 10,265,688 ) ( 9,288,018 )
Gross profit(or loss): 1,094,108 1,152,215
Administrative expenses: ( 772,625 ) ( 774,047 )
Operating profit(or loss): 321,483 378,168
Profit(or loss) before tax: 321,483 378,168
Tax: ( 63,440 ) ( 100,283 )
Profit(or loss) for the financial year: 258,043 277,885

APEX GLOBAL RESOURCES LTD

Balance sheet

As at 31 December 2022

Notes 2022 14 months to 31 December 2021


£

£
Fixed assets
Tangible assets: 3 196 1,884
Total fixed assets: 196 1,884
Current assets
Debtors: 4 2,064,344 1,091,983
Cash at bank and in hand: 193,297 300,878
Total current assets: 2,257,641 1,392,861
Creditors: amounts falling due within one year: 5 ( 1,223,590 ) ( 618,541 )
Net current assets (liabilities): 1,034,051 774,320
Total assets less current liabilities: 1,034,247 776,204
Total net assets (liabilities): 1,034,247 776,204
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 1,034,245 776,202
Total Shareholders' funds: 1,034,247 776,204

The notes form part of these financial statements

APEX GLOBAL RESOURCES LTD

Balance sheet statements

For the year ending 31 December 2022 the company was entitled to exemption 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.

This report was approved by the board of directors on 8 November 2023
and signed on behalf of the board by:

Name: SEAN MCGRATH
Status: Director

The notes form part of these financial statements

APEX GLOBAL RESOURCES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognized.

    Tangible fixed assets depreciation policy

    "Tangible fixed assets are stated at cost less accumulated depreciation. Where parts of an item of tangible fixed assets have different useful lives, they are accounted for as separate items of tangible fixed assets. Depreciation is charged to the profit and loss account on a straight-line basis over the estimated usefulIives of each part of an item of tangible fixed assets. The estimated useful lives are as follows: Plant and machinery 25% Straight lineFixtures, fittings and equipment 25% Straight lineOffice Equipment 25% Straight line The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

APEX GLOBAL RESOURCES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

  • 2. Employees

    2022 14 months to 31 December 2021
    Average number of employees during the period 108 93

APEX GLOBAL RESOURCES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2022 8,677 8,677
Additions
Disposals
Revaluations
Transfers
At 31 December 2022 8,677 8,677
Depreciation
At 1 January 2022 6,793 6,793
Charge for year 1,688 1,688
On disposals
Other adjustments
At 31 December 2022 8,481 8,481
Net book value
At 31 December 2022 196 196
At 31 December 2021 1,884 1,884

APEX GLOBAL RESOURCES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

4. Debtors

2022 14 months to 31 December 2021
£ £
Trade debtors 1,840,671 743,423
Prepayments and accrued income 35,022 0
Other debtors 188,651 348,560
Total 2,064,344 1,091,983

APEX GLOBAL RESOURCES LTD

Notes to the Financial Statements

for the Period Ended 31 December 2022

5. Creditors: amounts falling due within one year note

2022 14 months to 31 December 2021
£ £
Trade creditors 113,365 24,607
Taxation and social security 235,447 344,171
Accruals and deferred income 48,763 69,593
Other creditors 826,015 180,170
Total 1,223,590 618,541