Company registration number 04255907 (England and Wales)
APA Concrete Repairs Limited
Unaudited
financial statements
for the year ended 31 July 2023
PAGES FOR FILING WITH REGISTRAR
APA Concrete Repairs Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 6
APA Concrete Repairs Limited
Statement Of Financial Position
as at 31 July 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
210,047
265,833
Current assets
Stocks
-
149,090
Debtors
5
3,144,253
2,782,333
Cash at bank and in hand
45,917
1,530
3,190,170
2,932,953
Creditors: amounts falling due within one year
6
(2,607,135)
(2,295,735)
Net current assets
583,035
637,218
Total assets less current liabilities
793,082
903,051
Creditors: amounts falling due after more than one year
7
(95,166)
(102,433)
Provisions for liabilities
8
(13,562)
(29,555)
Net assets
684,354
771,063
Capital and reserves
Called up share capital
101
101
Profit and loss reserves
684,253
770,962
Total equity
684,354
771,063
APA Concrete Repairs Limited
Statement Of Financial Position (continued)
as at 31 July 2023
- 2 -

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 P Appleyard
Director
Company Registration No. 04255907
APA Concrete Repairs Limited
Notes to the financial statements
for the year ended 31 July 2023
- 3 -
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. Monetary amounts in these financial statements are rounded to the nearest £.

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 received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised where a right to consideration is due upon completion of contractual obligations.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% straightline
Fixtures, fittings & equipment
20% straightline
Computer equipment
33.3% straightline
Motor vehicles
25% straightline

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

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.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

APA Concrete Repairs Limited
Notes to the financial statements (continued)
for the year ended 31 July 2023
1
Accounting policies
(continued)
- 4 -
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Hire purchase

Assets obtained under hire purchase contracts are capitalised as tangible assets and depreciated over their useful lives. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account on a straight line basis over the period of the agreement.

Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
47
37
3
Taxation
2023
2022
£
£
Current tax
UK corporation tax on profits for the current period
71,906
128,540
Adjustments in respect of prior periods
(75,566)
(93,902)
Total current tax
(3,660)
34,638
Deferred tax
Origination and reversal of timing differences
(15,993)
14,074
Total tax (credit)/charge
(19,653)
48,712
APA Concrete Repairs Limited
Notes to the financial statements (continued)
for the year ended 31 July 2023
- 5 -
4
Tangible fixed assets
Plant and equipment
Fixtures, fittings & equipment
Computer equipment
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2022
246,291
62,542
56,602
534,827
900,262
Additions
7,000
22,733
-
0
72,990
102,723
Disposals
-
0
-
0
-
0
(44,500)
(44,500)
At 31 July 2023
253,291
85,275
56,602
563,317
958,485
Depreciation and impairment
At 1 August 2022
189,253
60,549
47,427
337,200
634,429
Depreciation charged in the year
50,421
3,648
2,581
70,338
126,988
Eliminated in respect of disposals
-
0
-
0
-
0
(12,979)
(12,979)
At 31 July 2023
239,674
64,197
50,008
394,559
748,438
Carrying amount
At 31 July 2023
13,617
21,078
6,594
168,758
210,047
At 31 July 2022
57,038
1,993
9,175
197,627
265,833
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
2,329,515
2,057,901
Corporation tax recoverable
-
0
34,613
Amounts owed by group undertakings
728,187
663,251
Other debtors
43,862
20,132
Prepayments and accrued income
42,689
6,436
3,144,253
2,782,333
APA Concrete Repairs Limited
Notes to the financial statements (continued)
for the year ended 31 July 2023
- 6 -
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
-
0
897,813
Obligations under hire purchases
34,014
33,056
Trade creditors
480,134
193,587
Gross amounts owed to contract customers
480,000
336,293
Amounts owed to group undertakings
1,134,319
-
0
Corporation tax
71,906
148,540
Other taxation and social security
300,220
183,083
Other creditors
-
0
31,800
Accruals and deferred income
106,542
471,563
2,607,135
2,295,735
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Obligations under hire purchases
95,166
102,433

The obligations under hire purchase contracts are secured against the assets to which they relate.

8
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
13,562
29,555
9
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.

10
Company information

APA Concrete Repairs 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.

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