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Registration number: 14739261

Apex Solar PV Ltd

Unaudited Filleted Financial Statements

for the Period from 17 March 2023 to 31 March 2024

 

Apex Solar PV Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Apex Solar PV Ltd

Company Information

Director

Mr Ashley John Piccaver

Registered office

3 Fern Drive
Spalding
Lincolnshire
PE11 1GG

Accountants

Cannon Williamson
Chartered Certified Accountants
Albion House
32 Pinchbeck Road
Spalding
Lincolnshire
PE11 1QD

 

Apex Solar PV Ltd

(Registration number: 14739261)
Balance Sheet as at 31 March 2024

Note

2024
£

Fixed Assets

 

Tangible Assets

4

230

Current assets

 

Debtors

5

130

Cash at bank and in hand

 

267

 

397

Creditors: Amounts falling due within one year

6

(6,257)

Net current liabilities

 

(5,860)

Net liabilities

 

(5,630)

Capital and Reserves

 

Called up share capital

7

1

Retained Earnings

(5,631)

Shareholders' deficit

 

(5,630)

For the financial period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 4 August 2024
 

.........................................
Mr Ashley John Piccaver
Director

 

Apex Solar PV Ltd

Notes to the Unaudited Financial Statements for the Period from 17 March 2023 to 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in United Kingdom.

The address of its registered office is:
3 Fern Drive
Spalding
Lincolnshire
PE11 1GG

These financial statements were authorised for issue by the director on 4 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible Assets

Tangible Assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Apex Solar PV Ltd

Notes to the Unaudited Financial Statements for the Period from 17 March 2023 to 31 March 2024 (continued)

2

Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

20% Straight Line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Debtors

Trade Debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade Debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade Creditors

Trade Creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade Creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Apex Solar PV Ltd

Notes to the Unaudited Financial Statements for the Period from 17 March 2023 to 31 March 2024 (continued)

4

Tangible Assets

Other tangible assets
£

Total
£

Cost or valuation

Additions

288

288

At 31 March 2024

288

288

Depreciation

Charge for the period

58

58

At 31 March 2024

58

58

Carrying amount

At 31 March 2024

230

230

5

Debtors

Current

2024
£

Other debtors

130

 

130

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Trade Creditors

189

Accruals and deferred income

1,003

Other creditors

5,065

6,257

7

Share capital

Allotted, called up and fully paid shares

 

Apex Solar PV Ltd

Notes to the Unaudited Financial Statements for the Period from 17 March 2023 to 31 March 2024 (continued)

7

Share capital (continued)

2024

No.

£

Ordinary Shares of £0.01 each

100

1