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REGISTERED NUMBER: 03497600 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

APG UK Limited

APG UK Limited (Registered number: 03497600)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APG UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R C Burgess
P Carter





SECRETARY: P Carter





REGISTERED OFFICE: 74 Merton Close
Kidderminster
Worcestershire
DY10 3AF





REGISTERED NUMBER: 03497600 (England and Wales)





ACCOUNTANTS: Harris & Co
(The practising name of
Harris Accountants Limited)
1 Trinity Place
Midland Drive
Sutton Coldfield
B72 1 TX

APG UK Limited (Registered number: 03497600)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,767 5,281
Investments 5 288,946 288,946
293,713 294,227

CURRENT ASSETS
Debtors 6 3,695,887 3,077,790
Cash at bank 1,127,143 751,519
4,823,030 3,829,309
CREDITORS
Amounts falling due within one year 7 3,582,832 2,936,720
NET CURRENT ASSETS 1,240,198 892,589
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,533,911

1,186,816

PROVISIONS FOR LIABILITIES 1,000 1,000
NET ASSETS 1,532,911 1,185,816

CAPITAL AND RESERVES
Called up share capital 8 40,000 40,000
Retained earnings 1,492,911 1,145,816
SHAREHOLDERS' FUNDS 1,532,911 1,185,816

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 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.

APG UK Limited (Registered number: 03497600)

Balance Sheet - continued
31 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 September 2024 and were signed on its behalf by:





P Carter - Director


APG UK Limited (Registered number: 03497600)

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


1. STATUTORY INFORMATION

APG UK 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. ACCOUNTING POLICIES

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

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities at the balance sheet date and the amounts reported for revenues and expenses during the year. However the nature of estimation means that actual outcomes could differ from those estimates.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

The company recognises revenue from the sale of services when all the following conditions are satisfied:-

(a) the company has transferred to the buyer the significant risks and rewards of ownership of the services;
(b) the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the services sold;
(c) the amount of revenue can be measured reliably;
(d) it is probable that the economic benefit associated with the transaction will flow to the company: and
(e) the costs incurred or to be incurred in respect of the transaction can be measured.

APG UK Limited (Registered number: 03497600)

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


2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 25% on cost

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes any expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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.

APG UK Limited (Registered number: 03497600)

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


2. ACCOUNTING POLICIES - continued

Employee benefits
The company provides a range of benefits to employees, including annual bonus arrangements and defined contribution pension plans.

i. Short term benefits

Short term benefits , including holiday pay and other similar non-monetary benefits, are recognised as an expense in the period in which the service is received.

ii.Defined contribution pension plans

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Cash and cash equivalents
Cash comprises cash in hand and demand deposits. Cash equivalents are short-term, highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with an insignificant risk of change in value.

Provisions
Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.

Investments
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs.
Subsequently, they are measured at fair value through profit or loss if the shares are publically traded or their fair value can otherwise be measured reliably.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

APG UK Limited (Registered number: 03497600)

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


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 15,025
Additions 1,777
At 31 December 2023 16,802
DEPRECIATION
At 1 January 2023 9,744
Charge for year 2,291
At 31 December 2023 12,035
NET BOOK VALUE
At 31 December 2023 4,767
At 31 December 2022 5,281

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023
and 31 December 2023 288,946
NET BOOK VALUE
At 31 December 2023 288,946
At 31 December 2022 288,946

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 460,863 293,598
Amounts owed by group undertakings 3,235,024 2,750,101
Other debtors - 34,091
3,695,887 3,077,790

APG UK Limited (Registered number: 03497600)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 3,402,022 2,862,639
Amounts owed to group undertakings 20,000 -
Taxation and social security 153,275 67,461
Other creditors 7,535 6,620
3,582,832 2,936,720

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
40,000 Ordinary 1 40,000 40,000

9. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is R C Burgess.