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Registered Number: 02156432
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2023

for

APEX FASTENERS LIMITED

          

The directors consider that the company is exempt from an audit for the year ended 31 December 2023 .
You have acknowledged your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. 


J A Cini
Woking
GU23 6JH
16 August 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 5,742    8,736 
5,742    8,736 
Current assets      
Stocks 44,700    17,200 
Debtors 50,394    76,962 
Cash at bank and in hand 79,208    78,170 
174,302    172,332 
Creditors: amount falling due within one year (52,355)   (49,678)
Net current assets 121,947    122,654 
 
Total assets less current liabilities 127,689    131,390 
Provisions for liabilities   (1,792)
Net assets 127,689    129,598 
 

Capital and reserves
     
Called up share capital 10,000    10,000 
Profit and loss account 117,689    119,598 
Shareholders' funds 127,689    129,598 
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 16 August 2024 and were signed on its behalf by:


-------------------------------
D G Sherwin
Director
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General Information
Apex Fasteners Limited is a private company, limited by shares, registered in England and Wales, registration number 02156432, registration address 511 Ipswitch Road, Slough Industrial Estate, Slough, SL1 4EU.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention.These financial statements have been prepared in compliance with FRS 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.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date.
Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the reporting date 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.
Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 20% Straight Line
Computer Equipment 33% Straight Line
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees


Average number of employees during the year was 5 (2022 : 5).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 January 2023 14,950    1,274    16,224 
Additions    
Disposals    
At 31 December 2023 14,950    1,274    16,224 
Depreciation
At 01 January 2023 6,224    1,264    7,488 
Charge for year 2,994      2,994 
On disposals    
At 31 December 2023 9,218    1,264    10,482 
Net book values
Closing balance as at 31 December 2023 5,732    10    5,742 
Opening balance as at 01 January 2023 8,726    10    8,736 


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