Registered number
07433209
APEXGROVE LIMITED
Filleted Accounts
30 November 2023
APEXGROVE LIMITED
Registered number: 07433209
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 9,882 10,979
19,882 20,979
Current assets
Stocks 77,668 77,335
Debtors 5 1,397 -
Cash at bank and in hand 13,064 6,092
92,129 83,427
Creditors: amounts falling due within one year 6 (72,316) (59,488)
Net current assets 19,813 23,939
Total assets less current liabilities 39,695 44,918
Creditors: amounts falling due after more than one year 7 (24,998) (34,998)
Net assets 14,697 9,920
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve - -
Profit and loss account 14,696 9,919
Shareholder's funds 14,697 9,920
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mehmet Karagoz
Director
Approved by the board on 15 July 2024
APEXGROVE LIMITED
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2022 10,000
Additions -
Disposals -
At 30 November 2023 10,000
Amortisation
At 1 December 2022 -
Provided during the year -
On disposals -
At 30 November 2023 -
Net book value
At 30 November 2023 10,000
At 30 November 2022 10,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2022 - 6,500 12,570 19,070
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 30 November 2023 - 6,500 12,570 19,070
Depreciation
At 1 December 2022 - 4,685 3,406 8,091
Charge for the year - 181 916 1,097
Surplus on revaluation - - - -
On disposals - - - -
At 30 November 2023 - 4,866 4,322 9,188
Net book value
At 30 November 2023 - 1,634 8,248 9,882
At 30 November 2022 - 1,815 9,164 10,979
5 Debtors 2023 2022
£ £
Trade debtors 1,397 -
1,397 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 2,075 5,267
Taxation and social security costs 8,210 4,201
Other creditors 62,031 50,020
72,316 59,488
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 24,998 34,998
24,998 34,998
8 Controlling party
Mehmet Karagoz
9 Other information
APEXGROVE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
59 Park Road
London
E10 7BZ
APEXGROVE LIMITED 07433209 false 2022-12-01 2023-11-30 2023-11-30 VT Final Accounts April 2022 Mehmet Karagoz No description of principal activity 07433209 2021-12-01 2022-11-30 07433209 core:WithinOneYear 2022-11-30 07433209 core:AfterOneYear 2022-11-30 07433209 core:ShareCapital 2022-11-30 07433209 core:SharePremium 2022-11-30 07433209 core:OtherReservesSubtotal 2022-11-30 07433209 core:RetainedEarningsAccumulatedLosses 2022-11-30 07433209 2022-12-01 2023-11-30 07433209 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 07433209 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 07433209 bus:Director40 2022-12-01 2023-11-30 07433209 1 2022-12-01 2023-11-30 07433209 2 2022-12-01 2023-11-30 07433209 core:Goodwill 2022-12-01 2023-11-30 07433209 core:LandBuildings 2022-12-01 2023-11-30 07433209 core:PlantMachinery 2022-12-01 2023-11-30 07433209 core:Vehicles 2022-12-01 2023-11-30 07433209 countries:England 2022-12-01 2023-11-30 07433209 bus:FRS102 2022-12-01 2023-11-30 07433209 bus:FullAccounts 2022-12-01 2023-11-30 07433209 2023-11-30 07433209 core:WithinOneYear 2023-11-30 07433209 core:AfterOneYear 2023-11-30 07433209 core:ShareCapital 2023-11-30 07433209 core:SharePremium 2023-11-30 07433209 core:OtherReservesSubtotal 2023-11-30 07433209 core:RetainedEarningsAccumulatedLosses 2023-11-30 07433209 core:Goodwill 2023-11-30 07433209 core:LandBuildings 2023-11-30 07433209 core:PlantMachinery 2023-11-30 07433209 core:Vehicles 2023-11-30 07433209 2022-11-30 07433209 core:Goodwill 2022-11-30 07433209 core:LandBuildings 2022-11-30 07433209 core:PlantMachinery 2022-11-30 07433209 core:Vehicles 2022-11-30 iso4217:GBP xbrli:pure