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REGISTERED NUMBER: 05941932 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Apex Labels (UK) Limited

Apex Labels (UK) Limited (Registered number: 05941932)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Apex Labels (UK) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: V C Short
Mrs H J Short





SECRETARY: Mrs H J Short





REGISTERED OFFICE: Building P, The Business Units
Fishers Grove
Farlington
Portsmouth
Hampshire
PO6 1RN





REGISTERED NUMBER: 05941932 (England and Wales)





ACCOUNTANTS: Hughes Spencer
12 Acorn Business Park
Northarbour Road
Portsmouth
Hampshire
PO6 3TH

Apex Labels (UK) Limited (Registered number: 05941932)

Balance Sheet
31 October 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 9,000 12,000
Tangible assets 5 718 101
9,718 12,101

CURRENT ASSETS
Debtors 6 41,977 44,830
Cash at bank 144,653 98,281
186,630 143,111
CREDITORS
Amounts falling due within one year 7 40,776 25,171
NET CURRENT ASSETS 145,854 117,940
TOTAL ASSETS LESS CURRENT
LIABILITIES

155,572

130,041

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Retained earnings 153,572 128,041
SHAREHOLDERS' FUNDS 155,572 130,041

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

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

Apex Labels (UK) Limited (Registered number: 05941932)

Balance Sheet - continued
31 October 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 15 February 2024 and were signed on its behalf by:




V C Short - Director



Mrs H J Short - Director


Apex Labels (UK) Limited (Registered number: 05941932)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Apex Labels (UK) 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 2007, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 15% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

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

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 60,000
AMORTISATION
At 1 November 2022 48,000
Charge for year 3,000
At 31 October 2023 51,000
NET BOOK VALUE
At 31 October 2023 9,000
At 31 October 2022 12,000

Apex Labels (UK) Limited (Registered number: 05941932)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 7,485
Additions 765
At 31 October 2023 8,250
DEPRECIATION
At 1 November 2022 7,384
Charge for year 148
At 31 October 2023 7,532
NET BOOK VALUE
At 31 October 2023 718
At 31 October 2022 101

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 28,557 34,457
Other debtors 13,420 10,373
41,977 44,830

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 14,986 15,720
Taxation and social security 24,240 7,871
Other creditors 1,550 1,580
40,776 25,171

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
V C Short and Mrs H J Short
Balance outstanding at start of year 7,458 (19,607 )
Amounts advanced 32,601 47,015
Amounts repaid (30,500 ) (19,950 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 9,559 7,458