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REGISTERED NUMBER: 07648151 (England and Wales)















Financial Statements for the Year Ended 30 April 2023

for

APS Accountancy Limited

APS Accountancy Limited (Registered number: 07648151)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 6


APS Accountancy Limited

Company Information
for the Year Ended 30 April 2023







DIRECTORS: R A Boughton
C J Shennan
H Ludgate





SECRETARY: C J Shennan





REGISTERED OFFICE: 4 Cromwell Court
New Street
Aylesbury
Buckinghamshire
HP20 2PB





REGISTERED NUMBER: 07648151 (England and Wales)

APS Accountancy Limited (Registered number: 07648151)

Balance Sheet
30 April 2023

2023 2022
Notes £    £   
FIXED ASSETS
Intangible assets 4 192,112 247,002
Tangible assets 5 8,741 10,892
200,853 257,894

CURRENT ASSETS
Stocks 13,333 13,333
Debtors 6 163,433 144,572
Cash at bank and in hand 151,807 142,354
328,573 300,259
CREDITORS
Amounts falling due within one year 7 (251,151 ) (228,858 )
NET CURRENT ASSETS 77,422 71,401
TOTAL ASSETS LESS CURRENT
LIABILITIES

278,275

329,295

CREDITORS
Amounts falling due after more than one
year

8

(143,801

)

(203,812

)
NET ASSETS 134,474 125,483

CAPITAL AND RESERVES
Called up share capital 167 167
Share premium 14,178 14,178
Retained earnings 120,129 111,138
SHAREHOLDERS' FUNDS 134,474 125,483

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

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

APS Accountancy Limited (Registered number: 07648151)

Balance Sheet - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2023 and were signed on its behalf by:





C J Shennan - Director


APS Accountancy Limited (Registered number: 07648151)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

APS Accountancy 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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 20% on cost

Work in progress
Work in progress represents the value of time associated with clients, which remains un-invoiced at the year end.

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.

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.

Fixed assets
All fixed assets are initially recorded at cost.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2022 - 17 ) .

APS Accountancy Limited (Registered number: 07648151)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 636,996
AMORTISATION
At 1 May 2022 389,994
Charge for year 54,890
At 30 April 2023 444,884
NET BOOK VALUE
At 30 April 2023 192,112
At 30 April 2022 247,002

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 61,214
Additions 6,270
At 30 April 2023 67,484
DEPRECIATION
At 1 May 2022 50,322
Charge for year 8,421
At 30 April 2023 58,743
NET BOOK VALUE
At 30 April 2023 8,741
At 30 April 2022 10,892

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 134,162 115,634
Other debtors 29,271 28,938
163,433 144,572

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 39,463 37,487
Trade creditors 19,960 13,844
Taxation and social security 104,858 100,449
Other creditors 86,870 77,078
251,151 228,858

APS Accountancy Limited (Registered number: 07648151)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 93,801 128,812
Other creditors 50,000 75,000
143,801 203,812

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 22,500 22,500
Between one and five years 87,000 90,000
In more than five years - 19,500
109,500 132,000