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Registered number: 13529907
Apex Marine Services Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 July 2023
Unaudited Financial Statements
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 13529907
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 13,941 3,419
13,941 3,419
CURRENT ASSETS
Stocks 8,750 500
Debtors 24,429 19,625
Cash at bank and in hand 27,734 27,800
60,913 47,925
Creditors: Amounts Falling Due Within One Year (70,880 ) (39,272 )
NET CURRENT ASSETS (LIABILITIES) (9,967 ) 8,653
TOTAL ASSETS LESS CURRENT LIABILITIES 3,974 12,072
PROVISIONS FOR LIABILITIES
Deferred Taxation (2,648 ) (649 )
NET ASSETS 1,326 11,423
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account 1,325 11,422
SHAREHOLDERS' FUNDS 1,326 11,423
Page 1
Page 2
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 July 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Ashley Boudier
Director
27/03/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Apex Marine Services Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13529907 . The registered office is Unit 7 Endeavour Quay, Mumby Road, Gosport, Hampshire, PO12 1AH.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance
Motor Vehicles 15% reducing balance
Computer Equipment 25% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

...CONTINUED
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2.5. Taxation - continued
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.
3. Average Number of Employees
The average number of persons employed under contracts of service during the year was:  1 (2022: NIL)
1 -
4. Tangible Assets
Total
£
Cost
As at 1 August 2022 4,558
Additions 12,656
As at 31 July 2023 17,214
Depreciation
As at 1 August 2022 1,139
Provided during the period 2,134
As at 31 July 2023 3,273
Net Book Value
As at 31 July 2023 13,941
As at 1 August 2022 3,419
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
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6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as follows:
2023 2022
£ £
Not later than one year 21,703 20,109
Later than one year and not later than five years 36,171 57,874
57,874 77,983
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