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REGISTERED NUMBER: 07832548 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

APR SOLUTIONS LIMITED

APR SOLUTIONS LIMITED (REGISTERED NUMBER: 07832548)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APR SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2023







DIRECTORS: A Charlton
P C Eddy





REGISTERED OFFICE: Preston Park House
South Road
Brighton
East Sussex
BN1 6SB





REGISTERED NUMBER: 07832548 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

APR SOLUTIONS LIMITED (REGISTERED NUMBER: 07832548)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 35,511 47,484

CURRENT ASSETS
Stocks 5 29,143 16,144
Debtors 6 67,816 72,074
Cash at bank 63,757 72,693
160,716 160,911
CREDITORS
Amounts falling due within one year 7 (72,692 ) (87,284 )
NET CURRENT ASSETS 88,024 73,627
TOTAL ASSETS LESS CURRENT
LIABILITIES

123,535

121,111

CREDITORS
Amounts falling due after more than one
year

8

(41,439

)

(50,545

)

PROVISIONS FOR LIABILITIES 9 (8,168 ) (10,447 )
NET ASSETS 73,928 60,119

CAPITAL AND RESERVES
Called up share capital 10 20 20
Retained earnings 73,908 60,099
SHAREHOLDERS' FUNDS 73,928 60,119

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

APR SOLUTIONS LIMITED (REGISTERED NUMBER: 07832548)

BALANCE SHEET - continued
31 March 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 7 November 2023 and were signed on its behalf by:




P C Eddy - Director



A Charlton - Director


APR SOLUTIONS LIMITED (REGISTERED NUMBER: 07832548)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2023

1. STATUTORY INFORMATION

APR Solutions 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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
Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.
Revenue from the sale of machinery parts is recongised at point product has been dispatched. Revenue from training services are recongised in period at which service is provided.

Tangible fixed assets
Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures & fittings-25% reducing balance
Computer equipment-33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

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.


APR SOLUTIONS LIMITED (REGISTERED NUMBER: 07832548)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

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.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 73,185 739 3,340 77,264
Additions - 340 - 340
At 31 March 2023 73,185 1,079 3,340 77,604
DEPRECIATION
At 1 April 2022 27,605 345 1,830 29,780
Charge for year 11,395 169 749 12,313
At 31 March 2023 39,000 514 2,579 42,093
NET BOOK VALUE
At 31 March 2023 34,185 565 761 35,511
At 31 March 2022 45,580 394 1,510 47,484

APR SOLUTIONS LIMITED (REGISTERED NUMBER: 07832548)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

5. STOCKS
31.3.23 31.3.22
£    £   
Stock 29,143 16,144

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 64,389 68,621
Other debtors 3,427 3,453
67,816 72,074

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 5,786 5,643
Hire purchase contracts 3,320 2,886
Trade creditors 28,057 34,651
Taxation and social security 31,609 35,960
Other creditors 3,920 8,144
72,692 87,284

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 37,644 43,430
Hire purchase contracts 3,795 7,115
41,439 50,545

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 13,000 19,394

9. PROVISIONS FOR LIABILITIES
31.3.23 31.3.22
£    £   
Deferred tax 8,168 10,447

Deferred
tax
£   
Balance at 1 April 2022 10,447
Provided during year (2,279 )
Accelerated capital allowances
Balance at 31 March 2023 8,168

APR SOLUTIONS LIMITED (REGISTERED NUMBER: 07832548)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2023

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: £    £   
20 Ordinary £1 20 20

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
P C Eddy
Balance outstanding at start of year 1,488 11,896
Amounts advanced - 3
Amounts repaid (305 ) (10,411 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,183 1,488

Director's loan is interest free and is repayable on demand.