IRIS Accounts Production v23.3.1.45 SC566913 director 1.6.22 31.5.23 31.5.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWhSC5669132022-05-31SC5669132023-05-31SC5669132022-06-012023-05-31SC5669132021-05-31SC5669132021-06-012022-05-31SC5669132022-05-31SC566913ns10:Originalns15:Scotland2022-06-012023-05-31SC566913ns14:PoundSterlingns10:Original2022-06-012023-05-31SC566913ns10:Originalns10:Director12022-06-012023-05-31SC566913ns10:Original2022-06-012023-05-31SC566913ns10:Original2023-05-31SC566913ns10:Originalns10:PrivateLimitedCompanyLtd2022-06-012023-05-31SC566913ns10:Originalns10:SmallEntities2022-06-012023-05-31SC566913ns10:Originalns10:AuditExempt-NoAccountantsReport2022-06-012023-05-31SC566913ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-06-012023-05-31SC566913ns10:SmallCompaniesRegimeForAccountsns10:Original2022-06-012023-05-31SC566913ns10:Originalns10:FullAccounts2022-06-012023-05-31SC566913ns10:Originalns10:RegisteredOffice2022-06-012023-05-31SC566913ns10:Original2022-05-31SC566913ns10:Originalns5:CurrentFinancialInstruments2023-05-31SC566913ns10:Originalns5:CurrentFinancialInstruments2022-05-31SC566913ns10:Originalns5:Non-currentFinancialInstruments2023-05-31SC566913ns10:Originalns5:Non-currentFinancialInstruments2022-05-31SC566913ns5:ShareCapitalns10:Original2023-05-31SC566913ns5:ShareCapitalns10:Original2022-05-31SC566913ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-05-31SC566913ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-05-31SC566913ns10:Originalns5:PlantMachinery2022-06-012023-05-31SC566913ns10:Originalns5:MotorVehicles2022-06-012023-05-31SC566913ns10:Originalns5:ComputerEquipment2022-06-012023-05-31SC566913ns10:Original2021-06-012022-05-31SC566913ns10:Originalns5:PlantMachinery2022-05-31SC566913ns10:Originalns5:MotorVehicles2022-05-31SC566913ns10:Originalns5:ComputerEquipment2022-05-31SC566913ns10:Original2022-05-31SC566913ns10:Originalns5:PlantMachinery2023-05-31SC566913ns10:Originalns5:MotorVehicles2023-05-31SC566913ns10:Originalns5:ComputerEquipment2023-05-31SC566913ns10:Originalns5:PlantMachinery2022-05-31SC566913ns10:Originalns5:MotorVehicles2022-05-31SC566913ns10:Originalns5:ComputerEquipment2022-05-31SC566913ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31SC566913ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-05-31SC566913ns10:Original1ns10:Director12022-05-31SC566913ns10:Original1ns10:Director12021-05-31SC566913ns10:Original1ns10:Director12022-06-012023-05-31SC566913ns10:Original1ns10:Director12021-06-012022-05-31SC566913ns10:Original1ns10:Director12023-05-31SC566913ns10:Original1ns10:Director12022-05-31
REGISTERED NUMBER: SC566913 (Scotland)













































APS Industrial Doors Limited

Unaudited Financial Statements

for the Year Ended 31st May 2023






APS Industrial Doors Limited (Registered number: SC566913)






Contents of the Financial Statements
for the year ended 31st May 2023




Page

Company information 1

Balance sheet 2 to 3

Notes to the financial statements 4 to 6


APS Industrial Doors Limited

Company Information
for the year ended 31st May 2023







Director: A P Smethurst





Registered office: Academy House
Shedden Park Road
Kelso
TD5 7AL





Business address: 39 Bowmont Court
Heiton
Kelso
Roxburghshire
TD5 8JY





Registered number: SC566913 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

APS Industrial Doors Limited (Registered number: SC566913)

Balance Sheet
31st May 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 20,536 14,470

Current assets
Debtors 5 100,339 80,280
Cash at bank 32,274 26,830
132,613 107,110
Creditors
Amounts falling due within one year 6 48,905 55,491
Net current assets 83,708 51,619
Total assets less current liabilities 104,244 66,089

Creditors
Amounts falling due after more than one
year

7

(7,734

)

(10,695

)

Provisions for liabilities (3,869 ) (2,706 )
Net assets 92,641 52,688

Capital and reserves
Called up share capital 100 100
Retained earnings 92,541 52,588
Shareholders' funds 92,641 52,688

APS Industrial Doors Limited (Registered number: SC566913)

Balance Sheet - continued
31st May 2023


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

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

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 17th November 2023 and were signed by:





A P Smethurst - Director


APS Industrial Doors Limited (Registered number: SC566913)

Notes to the Financial Statements
for the year ended 31st May 2023

1. Statutory information

APS Industrial Doors Limited is a private company, limited by shares , registered in Scotland. 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
Turnover represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% on reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, accruals, bank loans, hire purchase contracts, directors' loans and other loans.

Bank loans and hire purchase contracts are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors' loans (being repayable on demand), other loans, trade debtors and accruals are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the statement of income and retained earnings, 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.


APS Industrial Doors Limited (Registered number: SC566913)

Notes to the Financial Statements - continued
for the year ended 31st May 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the statement of income and retained earnings in the period in which they are incurred.

Going concern
The director has considered the company's financial position for a minimum period of 12 months and beyond from the date of signing these financial statements and has an expectation that the company should be in a position to continue trading in the current format for the foreseeable future. Accordingly, he continues to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

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

4. Tangible fixed assets
Plant and Motor Office
machinery vehicles equipment Totals
£    £    £    £   
Cost
At 1st June 2022 11,284 22,982 408 34,674
Additions 10,107 - - 10,107
At 31st May 2023 21,391 22,982 408 44,781
Depreciation
At 1st June 2022 5,123 14,902 179 20,204
Charge for year 1,963 2,020 58 4,041
At 31st May 2023 7,086 16,922 237 24,245
Net book value
At 31st May 2023 14,305 6,060 171 20,536
At 31st May 2022 6,161 8,080 229 14,470

APS Industrial Doors Limited (Registered number: SC566913)

Notes to the Financial Statements - continued
for the year ended 31st May 2023

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 40,099 32,231
Other debtors 60,240 48,049
100,339 80,280

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Hire purchase contracts - 6,507
Taxation and social security 28,909 29,258
Other creditors 19,996 19,726
48,905 55,491

7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Other creditors 7,734 10,695

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts - 6,507

Hire purchase contracts are secured against the assets to which they relate.

9. Director's advances, credits and guarantees

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

2023 2022
£    £   
A P Smethurst
Balance outstanding at start of year 22,319 24,255
Amounts advanced 48,993 38,552
Amounts repaid (42,827 ) (40,488 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 28,485 22,319

This loan is unsecured and is repayable on demand. Interest has been charged at the official rates published by HMRC.