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REGISTERED NUMBER: 01402010 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st December 2023

for

A.P. Diesels Limited

A.P. Diesels Limited (Registered number: 01402010)

Contents of the Financial Statements
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.P. Diesels Limited

Company Information
for the Year Ended 31st December 2023







DIRECTORS: V Smith
Mrs J Smith





SECRETARY: V Smith





REGISTERED OFFICE: 25 Victoria Street
Englefield Green
Egham
Surrey
TW20 0QY





REGISTERED NUMBER: 01402010 (England and Wales)





ACCOUNTANTS: Whiteleys
Chartered Certified Accountants
Sovereign House
155 High Street
Aldershot
Hampshire
GU11 1TT

A.P. Diesels Limited (Registered number: 01402010)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 425,057 407,151

CURRENT ASSETS
Debtors 6 322,586 169,478
Cash at bank and in hand 116,507 84,467
439,093 253,945
CREDITORS
Amounts falling due within one year 7 506,876 260,301
NET CURRENT LIABILITIES (67,783 ) (6,356 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,274

400,795

CREDITORS
Amounts falling due after more than one
year

8

(19,038

)

(29,109

)

PROVISIONS FOR LIABILITIES (6,946 ) -
NET ASSETS 331,290 371,686

CAPITAL AND RESERVES
Called up share capital 1,020 1,020
Share premium 499 499
Retained earnings 329,771 370,167
SHAREHOLDERS' FUNDS 331,290 371,686

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A.P. Diesels Limited (Registered number: 01402010)

Balance Sheet - continued
31st December 2023


The 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 16th September 2024 and were signed on its behalf by:





V Smith - Director


A.P. Diesels Limited (Registered number: 01402010)

Notes to the Financial Statements
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

A.P. Diesels Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity.

Tangible fixed assets
Tangible fixed assets are carried at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over their estimated useful lives as follows:

Freehold property -4%on cost
Fixtures and fittings- 20%on reducing balance
Motor vehicles- 25%on reducing balance
Plant and machinery - 25%on reducing balance




On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in profit or loss.


A.P. Diesels Limited (Registered number: 01402010)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


3. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and 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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date.

Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

A.P. Diesels Limited (Registered number: 01402010)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


3. ACCOUNTING POLICIES - continued

Impairment of non-financial assets
At each reporting date non-financial assets not carried at fair value, like goodwill and plant, property and equipment, are reviewed to determine whether there is an indication that an asset may be impaired. If there is an indication of possible impairment, the recoverable amount of any asset or group of related assets, which is the higher of value in use and the fair value less cost to sell, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is reduced to its recoverable amount and an impairment loss is recognised immediately in profit or loss.

If an impairment loss is subsequently reversed, the carrying amount of the asset or group of related assets is increased to the revised estimate of its recoverable amount, but not to exceed the amount that would have been determined had no impairment loss been recognised for the asset or group of related assets in prior periods. A reversal of an impairment loss is recognised immediately in profit or loss.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£    £    £   
COST
At 1st January 2023 526,375 411,722 3,064
Additions - - 41,717
At 31st December 2023 526,375 411,722 44,781
DEPRECIATION
At 1st January 2023 157,262 376,623 2,664
Charge for year 6,890 8,774 8,424
At 31st December 2023 164,152 385,397 11,088
NET BOOK VALUE
At 31st December 2023 362,223 26,325 33,693
At 31st December 2022 369,113 35,099 400

A.P. Diesels Limited (Registered number: 01402010)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2023


5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1st January 2023 56,692 2,844 1,000,697
Additions - 1,215 42,932
At 31st December 2023 56,692 4,059 1,043,629
DEPRECIATION
At 1st January 2023 54,956 2,041 593,546
Charge for year 433 505 25,026
At 31st December 2023 55,389 2,546 618,572
NET BOOK VALUE
At 31st December 2023 1,303 1,513 425,057
At 31st December 2022 1,736 803 407,151

Included in cost of land and buildings is freehold land of £ 354,145 (2022 - £ 354,145 ) which is not depreciated.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 322,586 167,550
Other debtors - 1,928
322,586 169,478

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,036 9,788
Trade creditors 467,659 194,008
Taxation and social security 19,473 48,664
Other creditors 9,708 7,841
506,876 260,301

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 19,038 29,109