Company registration number 13806503 (England and Wales)
APA Building Solutions Limited
Unaudited
financial statements
for the year ended 31 July 2023
PAGES FOR FILING WITH REGISTRAR
APA Building Solutions Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
APA Building Solutions Limited
Statement of financial position
as at 31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Current assets
Debtors
5
1,010,098
Cash at bank and in hand
434,147
967,001
1,444,245
967,001
Creditors: amounts falling due within one year
6
(878,348)
(615,270)
Net current assets
565,897
351,731
Capital and reserves
Called up share capital
1,000
1,000
Profit and loss reserves
564,897
350,731
Total equity
565,897
351,731
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 16 November 2023 and are signed on its behalf by:
A Appleyard
Director
Company registration number 13806503 (England and Wales)
APA Building Solutions Limited
Notes to the Financial Statements
for the year ended 31 July 2023
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration receivable for goods and services provided in the normal course of business, and is shown net of VAT.
Turnover is recognised on the provision of service obligation where a right to consideration is due.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
7
2
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
73,099
82,270
Adjustments in respect of prior periods
535
Total current tax
73,634
82,270
APA Building Solutions Limited
Notes to the Financial Statements (continued)
for the year ended 31 July 2023
- 3 -
4
Stocks
2023
2022
£
£
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
1,002,488
Other debtors
6,596
Prepayments and accrued income
1,014
1,010,098
6
Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
10,872
Amounts owed to group undertakings
738,288
500,000
Corporation tax
73,099
82,270
Other taxation and social security
6,029
Other creditors
30,000
30,000
Accruals and deferred income
20,060
3,000
878,348
615,270
7
Parent company
The ultimate parent undertaking is considered to be APA Group Services Limited, a company incorporated in England and Wales whose registered office is situated at APA House, 171 Huddersfield Road, Low Moor, Bradford, BD12 0TQ.
8
Company information
APA Building Solutions Limited is a private company limited by shares incorporated in England and Wales. The registered office is APA House, 171 Huddersfield Road, Low Moor, Bradford, West Yorkshire, BD12 0TQ.