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Registration number: 13928536

B2B APM Ltd

Annual Report and Unaudited Financial Statements

for the Period from 21 February 2022 to 28 February 2023

Pages for filing with Registrar

 

B2B APM Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

B2B APM Ltd

Company Information

Director

D J Proctor

Registered office

1-3 Gloucester Road
St Andrews
Bristol
Somerset
BS7 8AA

Registered number

13928536

Accountants

Corrigan Accountants Limited
1st Floor
25 King Street
Bristol
BS1 4PB

 

B2B APM Ltd

(Registration number: 13928536)
Balance Sheet as at 28 February 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

3,766

Investments

5

50

 

3,816

Current assets

 

Debtors

6

20,878

Cash at bank and in hand

 

9,509

 

30,387

Creditors: Amounts falling due within one year

7

(55,059)

Net current liabilities

 

(24,672)

Net liabilities

 

(20,856)

Capital and reserves

 

Called up share capital

196

Share premium reserve

59,904

Profit and loss account

(80,956)

Total equity

 

(20,856)

 

B2B APM Ltd

(Registration number: 13928536)
Balance Sheet as at 28 February 2023

For the financial period ending 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised for issue by the director on 21 November 2023
 

.........................................

D J Proctor
Director

 

B2B APM Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

1

Statutory information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1-3 Gloucester Road
St Andrews
Bristol
Somerset
BS7 8AA
England

2

Accounting policies

Summary of significant accounting policies

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

The financial statements are prepared in pounds sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Going concern

The accounts have been prepared on a going concern basis which assumes that the company has sufficient funds to continue to trade for the foreseeable future. The directors have indicated their willingness to continue to support the company and accordingly the accounts have been prepared on the basis that the company is a going concern.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

B2B APM Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

Tangible fixed assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Office Equipment

25% straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits.

Trade debtors

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are recognised at the transaction price.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

 

B2B APM Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

The cost of any unused holiday entitlement is recognised in the period in which the employees' services are received.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

B2B APM Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

4

Tangible fixed assets

Office equipment
 £

Cost

Additions

4,151

At 28 February 2023

4,151

Depreciation

Charge for the period

385

At 28 February 2023

385

Carrying amount

At 28 February 2023

3,766

5

Investments

2023
£

Investments in joint ventures

50

Details of undertakings

Details of the investments are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

     

2023

Joint ventures

Future Leap Finance Ltd

1-3 Gloucester Road, Bishopston, Bristol, BS7 8AA

Ordinary

50%

 

England

     
 

B2B APM Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

6

Debtors: amounts falling due within one year

Note

2023
£

Amounts owed by group undertakings

10

850

Prepayments

 

34

Other debtors

 

10,902

Directors' loan accounts

 

9,092

 

20,878

7

Creditors

2023
£

Amounts falling due within one year

Trade creditors

5,123

Taxation and social security

2,173

Other creditors

42,384

Accruals

2,310

Corporation tax

3,069

55,059

8

Share capital

Allotted, called up and fully paid shares

 

28 February 2023

 

No.

£

A Ordinary shares of £1 each

100

100

B Ordinary shares of £1 each

96

96

 

196

196

New shares allotted

During the period 100 A Ordinary shares having an aggregate nominal value of £100 were allotted on incorporation for an aggregate consideration of £100.

During the period 96 B Ordinary shares having an aggregate nominal value of £96 were allotted for an aggregate consideration of £60,000.

 

B2B APM Ltd

Notes to the Unaudited Financial Statements for the Period from 21 February 2022 to 28 February 2023

9

Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

2023
£

Not later than one year

750

The amount of non-cancellable operating lease payments recognised as an expense during the period was £6,000 .

10

Related party transactions

Transactions with the director

2023

At 21 February 2022
£

Advances to director
£

Repayments by director
£

At 28 February 2023
£

Director

-

32,100

(23,008)

9,092

         
       

 

Summary of transactions with joint ventures

Income and receivables from related parties

2023

Joint ventures
£

Amounts receivable from related party

850