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Company Registration No. 11271567 (England and Wales)
APE Industries Co Ltd Unaudited accounts for the year ended 31 March 2024
APE Industries Co Ltd Unaudited accounts Contents
Page
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APE Industries Co Ltd Company Information for the year ended 31 March 2024
Directors
J P Wilson P Stanier
Company Number
11271567 (England and Wales)
Registered Office
Unit 6, Buzzard Court Mullacott Industrial Estate Ilfracombe Devon EX34 8PX
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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APE Industries Co Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
259,561 
239,274 
Current assets
Inventories
211,649 
191,026 
Debtors
40,155 
60,654 
Cash at bank and in hand
36,220 
42,257 
288,024 
293,937 
Creditors: amounts falling due within one year
(109,534)
(136,062)
Net current assets
178,490 
157,875 
Total assets less current liabilities
438,051 
397,149 
Creditors: amounts falling due after more than one year
(17,500)
(27,500)
Provisions for liabilities
Deferred tax
(19,234)
(11,358)
Net assets
401,317 
358,291 
Capital and reserves
Called up share capital
400 
400 
Profit and loss account
400,917 
357,891 
Shareholders' funds
401,317 
358,291 
For the year ending 31 March 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 July 2024 and were signed on its behalf by
J P Wilson Director Company Registration No. 11271567
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APE Industries Co Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
APE Industries Co Ltd is a private company, limited by shares, registered in England and Wales, registration number 11271567. The registered office is Unit 6, Buzzard Court, Mullacott Industrial Estate, Ilfracombe, Devon, EX34 8PX.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Balance
Fixtures & fittings
15% Reducing Balance
Computer equipment
15% Reducing Balance
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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APE Industries Co Ltd Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 April 2023
163,339 
79,512 
7,495 
29,099 
5,961 
285,406 
Additions
15,154 
1,201 
- 
13,164 
5,071 
34,590 
At 31 March 2024
178,493 
80,713 
7,495 
42,263 
11,032 
319,996 
Depreciation
At 1 April 2023
- 
35,037 
2,080 
6,251 
2,764 
46,132 
Charge for the year
- 
6,619 
812 
5,632 
1,240 
14,303 
At 31 March 2024
- 
41,656 
2,892 
11,883 
4,004 
60,435 
Net book value
At 31 March 2024
178,493 
39,057 
4,603 
30,380 
7,028 
259,561 
At 31 March 2023
163,339 
44,475 
5,415 
22,848 
3,197 
239,274 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
39,276 
60,471 
Accrued income and prepayments
879 
183 
40,155 
60,654 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
Trade creditors
30,878 
21,501 
Taxes and social security
38,095 
51,392 
Loans from directors
23,994 
47,562 
Accruals
6,567 
5,607 
109,534 
136,062 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
17,500 
27,500 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
400 Ordinary shares of £1 each
400 
400 
9
Average number of employees
During the year the average number of employees was 8 (2023: 6).
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