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
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
APE Industries Co Ltd
Statement of financial position
as at 31 March 2024
Tangible assets
259,561
239,274
Inventories
211,649
191,026
Cash at bank and in hand
36,220
42,257
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
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
APE Industries Co Ltd
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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 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.
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
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
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
Amounts falling due within one year
Trade debtors
39,276
60,471
Accrued income and prepayments
879
183
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
7
Creditors: amounts falling due after more than one year
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).