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REGISTERED NUMBER: 04938832 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

APEX BRICKCUTTERS LIMITED

APEX BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023




Page

Company Information 1

Report of the Directors 2

Balance Sheet 3

Notes to the Financial Statements 5


APEX BRICKCUTTERS LIMITED

COMPANY INFORMATION
for the Year Ended 31 December 2023







DIRECTORS: J I McMichael
Mrs J A McMichael





SECRETARY: Mrs J A McMichael





REGISTERED OFFICE: Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA





REGISTERED NUMBER: 04938832 (England and Wales)





ACCOUNTANTS: A & N (Haslemere) Limited
Aruna House
2 Kings Road
Haslemere
Surrey
GU27 2QA

APEX BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)

REPORT OF THE DIRECTORS
for the Year Ended 31 December 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of the adaption of bricks.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

J I McMichael
Mrs J A McMichael

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





J I McMichael - Director


29 July 2024

APEX BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)

BALANCE SHEET
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 155,162 156,494
155,162 156,494

CURRENT ASSETS
Debtors 5 255,545 288,904
Cash at bank and in hand 570,922 414,766
826,467 703,670
CREDITORS
Amounts falling due within one year 6 283,015 213,586
NET CURRENT ASSETS 543,452 490,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

698,614

646,578

CREDITORS
Amounts falling due after more than one
year

7

(42,748

)

(35,574

)

PROVISIONS FOR LIABILITIES (38,772 ) (29,716 )
NET ASSETS 617,094 581,288

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 616,994 581,188
SHAREHOLDERS' FUNDS 617,094 581,288

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)

BALANCE SHEET - continued
31 December 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 29 July 2024 and were signed on its behalf by:





J I McMichael - Director


APEX BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2023

1. 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 2003, is being amortised evenly over its estimated useful life of five 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.

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.

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.

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.

APEX BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 15 ).

3. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 155,000
AMORTISATION
At 1 January 2023
and 31 December 2023 155,000
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 -

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 January 2023 304,301 41,020 15,428 360,749
Additions 50,265 - 2,790 53,055
Disposals (54,550 ) - - (54,550 )
At 31 December 2023 300,016 41,020 18,218 359,254
DEPRECIATION
At 1 January 2023 152,108 41,020 11,127 204,255
Charge for year 34,832 - 1,308 36,140
Eliminated on disposal (36,303 ) - - (36,303 )
At 31 December 2023 150,637 41,020 12,435 204,092
NET BOOK VALUE
At 31 December 2023 149,379 - 5,783 155,162
At 31 December 2022 152,193 - 4,301 156,494

APEX BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:
Plant and
machinery
£   
COST
At 1 January 2023 179,350
Additions 44,765
Disposals (37,600 )
At 31 December 2023 186,515
DEPRECIATION
At 1 January 2023 84,975
Charge for year 25,278
Eliminated on disposal (21,250 )
At 31 December 2023 89,003
NET BOOK VALUE
At 31 December 2023 97,512
At 31 December 2022 94,375

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 194,600 246,530
Other debtors 54,862 38,375
Prepayments and accrued income 6,083 3,999
255,545 288,904

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,648 10,648
Trade creditors 38,210 45,870
Tax 58,701 47,066
Social security and other taxes 14,853 13,257
Pension Payable 2,246 2,002
VAT 48,646 49,971
Other creditors - 6,883
Credit card 3,259 2,572
Hire purchase <1 Year 10,572 19,849
Directors' current accounts 44,380 13,968
Accrued expenses 51,500 1,500
283,015 213,586

APEX BRICKCUTTERS LIMITED (REGISTERED NUMBER: 04938832)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 December 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 10,648 10,648
Bank loans - 2-5 years 4,479 14,353
Hire purchase > 1 Year 27,621 10,573
42,748 35,574

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

9. RELATED PARTY DISCLOSURES

Mr J McMichael is a director of Apex Brickcutters (Midlands) Limited to whom the company owed £NIL (2022 - £6,882.98) at the balance sheet date.

Mr J McMichael is a director of McMichael & Simpson Limited from whom the company received services to the value of £120,000 (2022 - £72,000) on normal commercial terms. The amount outstanding at the balance sheet date was £35,000 (2022 - £35,000).

Brickability Limited is a shareholder of the company to whom the company sold goods to the value of £531,264 (2022 - £483,944.57) on normal commercial terms. At the balance sheet date the amount outstanding was £78,900 (2022 - £108,320).

Apex Building Products Loan account at the 31st of December 2023 was £18,297 (debit balance).