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REGISTERED NUMBER: 10261478 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

APM Hire Limited

APM Hire Limited (Registered number: 10261478)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APM Hire Limited

Company Information
for the Year Ended 30 April 2023







DIRECTOR: J A Bourne





REGISTERED OFFICE: 67 Westow Street
London
SE19 3RW





REGISTERED NUMBER: 10261478 (England and Wales)





ACCOUNTANTS: CWF & Partners Ltd
Chartered Accountants
67 Westow Street
Upper Norwood
London
SE19 3RW

APM Hire Limited (Registered number: 10261478)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 284,739 445,893

CURRENT ASSETS
Stocks 19,000 19,000
Debtors 6 16,882 45,926
35,882 64,926
CREDITORS
Amounts falling due within one year 7 689,999 768,476
NET CURRENT LIABILITIES (654,117 ) (703,550 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(369,378

)

(257,657

)

CREDITORS
Amounts falling due after more than one year 8 55,386 109,781
NET LIABILITIES (424,764 ) (367,438 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (424,864 ) (367,538 )
SHAREHOLDERS' FUNDS (424,764 ) (367,438 )

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 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.

APM Hire Limited (Registered number: 10261478)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 April 2024 and were signed by:





J A Bourne - Director


APM Hire Limited (Registered number: 10261478)

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

1. STATUTORY INFORMATION

APM Hire 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis which assumes the continued financial support of the company by related companies.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on 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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

APM Hire Limited (Registered number: 10261478)

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2022 967,640 2,411 3,875 - 973,926
Additions - - - 791 791
Disposals (155,000 ) - - - (155,000 )
At 30 April 2023 812,640 2,411 3,875 791 819,717
DEPRECIATION
At 1 May 2022 524,208 1,585 2,240 - 528,033
Charge for year 94,057 206 409 66 94,738
Eliminated on disposal (87,793 ) - - - (87,793 )
At 30 April 2023 530,472 1,791 2,649 66 534,978
NET BOOK VALUE
At 30 April 2023 282,168 620 1,226 725 284,739
At 30 April 2022 443,432 826 1,635 - 445,893

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 May 2022 967,640
Disposals (155,000 )
Transfer to ownership (433,640 )
At 30 April 2023 379,000
DEPRECIATION
At 1 May 2022 524,208
Charge for year 94,057
Eliminated on disposal (87,793 )
Transfer to ownership (327,877 )
At 30 April 2023 202,595
NET BOOK VALUE
At 30 April 2023 176,405
At 30 April 2022 443,432

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 16,882 45,926

APM Hire Limited (Registered number: 10261478)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 35,156 39,063
Hire purchase contracts 42,738 104,225
Trade creditors 141 4,313
Taxation and social security 17,873 23,209
Other creditors 594,091 597,666
689,999 768,476

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 21,594 31,567
Hire purchase contracts 33,792 78,214
55,386 109,781

9. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank overdrafts 25,183 29,336
Hire purchase contracts 76,530 182,439
101,713 211,775