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Registered number
07405334
Apex Precision Engineering Ltd
Unaudited Accounts
for the year ended
31 October 2023
Apex Precision Engineering Ltd
Balance Sheet
as at 31 October 2023
Notes
2023
£
2022
£
Fixed assets
Tangible assets 5 78,850 98,562
78,850 98,562
Current assets
Debtors 6 38,888 20,117
Cash at bank and in hand 71,796 70,043
110,684 90,160
Creditors: amounts falling due within one year 7 (72,726) (77,292)
Net current assets / (liabilities) 37,958 12,868
Total assets less current liabilities 116,808 111,430
Creditors: amounts falling due after more than one year 8 (73,755) (81,259)
Provisions for liabilities (0) (0)
Total net assets (liabilities) 43,053 30,171
Capital and reserves
Called up share capital 40,000 40,000
Profit and loss account 3,053 (9,829)
Shareholders' funds 43,053 30,171

Apex Precision Engineering Ltd
Balance Sheet
as at 31 October 2023



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 October 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr D Neal

Director


Approved by the board on 31 July 2024

Company Number: 07405334 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

10 Falconer Road
Haverhill
Suffolk
CB9 7BG

Apex Precision Engineering Ltd
Notes to the Accounts
for the year ended 31 October 2023

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Fixtures, fittings, tools & equipment 20% Reducing Balance
2. Profit or loss

Profit before tax is stated after charging the following:

2023

2022
£ £
Directors' remuneration 0 25,200

3. Taxation
2023 2022
£ £
UK Corporation Tax 12,960 11,328
Tax on profit/(loss) on ordinary activities 12,960 11,328

4. Employees
2023 2022
Average number of employees during the period 6 5

5. Tangible fixed assets
Fixtures, fittings, tools & equipment Total
Cost or valuation £ £
At 1 November 2022 473,639 473,639
At 31 October 2023 473,639 473,639
Depreciation
At 1 November 2022 375,077 375,077
Charge for the period 19,712 19,712
At 31 October 2023 394,789 394,789
Net book value
At 31 October 2023 78,850 78,850
At 31 October 2022 98,562 98,562

6. Debtors
2023 2022
£ £
Trade debtors 38,888 20,117
38,888 20,117

7. Creditors: amounts falling due within one year
2023 2022
£ £
Bank Loans & Overdrafts 5,000 10,000
Trade creditors 10,444 750
Taxation & social security 57,282 66,542
72,726 77,292

8. Creditors: amounts falling due after one year
2023 2022
£ £
Bank Loans & overdrafts 25,000 30,000
Other 48,755 51,259
73,755 81,259

9. Dividends
2023 2022
£ £
Total dividend payment 12,000 24,000

10. Borrowings
2023 2022
Creditors repayable in more than five years: £ £
Total 0 0