Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31falsefalse2023-01-01No description of principal activity11trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06514922 2023-01-01 2023-12-31 06514922 2022-01-01 2022-12-31 06514922 2023-12-31 06514922 2022-12-31 06514922 c:Director1 2023-01-01 2023-12-31 06514922 d:PlantMachinery 2023-01-01 2023-12-31 06514922 d:PlantMachinery 2023-12-31 06514922 d:PlantMachinery 2022-12-31 06514922 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06514922 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06514922 d:MotorVehicles 2023-01-01 2023-12-31 06514922 d:MotorVehicles 2023-12-31 06514922 d:MotorVehicles 2022-12-31 06514922 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06514922 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06514922 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 06514922 d:LeasedAssetsHeldAsLessee 2023-01-01 2023-12-31 06514922 d:CurrentFinancialInstruments 2023-12-31 06514922 d:CurrentFinancialInstruments 2022-12-31 06514922 d:Non-currentFinancialInstruments 2023-12-31 06514922 d:Non-currentFinancialInstruments 2022-12-31 06514922 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 06514922 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06514922 d:Non-currentFinancialInstruments d:AfterOneYear 2023-12-31 06514922 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06514922 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-12-31 06514922 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06514922 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-12-31 06514922 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 06514922 d:ShareCapital 2023-12-31 06514922 d:ShareCapital 2022-12-31 06514922 d:RetainedEarningsAccumulatedLosses 2023-01-01 2023-12-31 06514922 d:RetainedEarningsAccumulatedLosses 2023-12-31 06514922 d:RetainedEarningsAccumulatedLosses 2022-12-31 06514922 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 06514922 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 06514922 d:TaxLossesCarry-forwardsDeferredTax 2023-12-31 06514922 d:TaxLossesCarry-forwardsDeferredTax 2022-12-31 06514922 c:OrdinaryShareClass1 2023-01-01 2023-12-31 06514922 c:OrdinaryShareClass1 2023-12-31 06514922 c:OrdinaryShareClass1 2022-12-31 06514922 c:OrdinaryShareClass2 2023-01-01 2023-12-31 06514922 c:OrdinaryShareClass2 2023-12-31 06514922 c:OrdinaryShareClass2 2022-12-31 06514922 c:FRS102 2023-01-01 2023-12-31 06514922 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 06514922 c:FullAccounts 2023-01-01 2023-12-31 06514922 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 06514922 d:HirePurchaseContracts d:WithinOneYear 2023-12-31 06514922 d:HirePurchaseContracts d:WithinOneYear 2022-12-31 06514922 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-12-31 06514922 d:HirePurchaseContracts d:BetweenOneFiveYears 2022-12-31 06514922 d:HirePurchaseContracts d:MoreThanFiveYears 2023-12-31 06514922 d:HirePurchaseContracts d:MoreThanFiveYears 2022-12-31 06514922 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-31 06514922 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-12-31 06514922 d:LeasedAssetsHeldAsLessee 2023-12-31 06514922 d:LeasedAssetsHeldAsLessee 2022-12-31 06514922 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06514922










APT PLUMBING AND HEATING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
APT PLUMBING AND HEATING LIMITED
REGISTERED NUMBER:06514922

BALANCE SHEET
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
75,496
67,852

  
75,496
67,852

Current assets
  

Debtors: amounts falling due within one year
 6 
80,340
69,453

Cash at bank and in hand
 7 
1,840
14,510

  
82,180
83,963

Creditors: amounts falling due within one year
 8 
(35,001)
(18,642)

Net current assets
  
 
 
47,179
 
 
65,321

Total assets less current liabilities
  
122,675
133,173

Creditors: amounts falling due after more than one year
 9 
(24,952)
(24,946)

Provisions for liabilities
  

Deferred tax
 12 
(18,874)
(15,676)

  
 
 
(18,874)
 
 
(15,676)

Net assets
  
78,849
92,551


Capital and reserves
  

Called up share capital 
 13 
20
20

Profit and loss account
 14 
78,829
92,531

  
78,849
92,551


Page 1

 
APT PLUMBING AND HEATING LIMITED
REGISTERED NUMBER:06514922
    
BALANCE SHEET (CONTINUED)
AS AT 31 DECEMBER 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 September 2024.




A P Thomas
Director

The notes on pages 3 to 13 form part of these financial statements.

Page 2

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

APT Plumbing and Heating Limited, 06514922, is a private company limited by shares, incorporated in England and Wales, with its registered office is 10 St Giles Business Park, Pool Road, Newtown, Powys, SY16 3AJ and the principal place of business is 10 Meillionydd, Adfa, Newtown, Powys, SY16 3BF. 
The principal activity of the business for this period continued to be the provision of plumbing services.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

 
2.5

Pensions

Defined contribution pension plan

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 in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Page 4

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes 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.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%
Motor vehicles
-
20%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 5

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated and are based on historical experience and other factors, including expectations or future events that are believed to be reasonable under the circumstances.
The Company makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. In the opinion of the directors there are no estimates nor assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year.


4.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 6

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2023
27,679
75,490
103,169


Additions
7,750
29,408
37,158


Disposals
-
(30,990)
(30,990)



At 31 December 2023

35,429
73,908
109,337



Depreciation


At 1 January 2023
12,728
22,588
35,316


Charge for the year on owned assets
3,636
6,878
10,514


Charge for the year on financed assets
-
490
490


Disposals
-
(12,479)
(12,479)



At 31 December 2023

16,364
17,477
33,841



Net book value



At 31 December 2023
19,065
56,431
75,496



At 31 December 2022
14,951
52,901
67,852

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
28,918
18,511

28,918
18,511

Page 7

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

6.


Debtors

2023
2022
£
£


Trade debtors
22,773
4,917

Other debtors
54,409
64,536

Prepayments and accrued income
3,158
-

80,340
69,453



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
1,840
14,510

1,840
14,510


Page 8

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
10,139
9,890

Trade creditors
14,723
252

Corporation tax
3,606
-

Other taxation and social security
200
1,434

Obligations under finance lease and hire purchase contracts
5,070
5,918

Other creditors
37
74

Accruals and deferred income
1,226
1,074

35,001
18,642


The amount of £10,139 included in bank loans due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

The following liabilities were secured:

2023
2022
£
£



Obligations under finance lease and hire purchase contracts
5,070
5,918

5,070
5,918

Details of security provided:

The amounts due under hire purchase agreements within one year are secured upon the assets to which the agreements relate.

Page 9

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

9.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Bank loans
14,812
24,946

Net obligations under finance leases and hire purchase contracts
10,140
-

24,952
24,946


The amount of £14,812 included in bank loans due within one year is subject to a UK Government guarantee. The facility is provided through the Bounce Back Loan Scheme (BBLS), managed by the British Business Bank on behalf of and with the financial backing of the Secretary of State for Business, Energy and Industrial Strategy. The BBLS guarantee is provided to the lender.

The following liabilities were secured:

2023
2022
£
£



Net obligations under finance leases and hire purchase contracts
10,140
-

10,140
-

Details of security provided:

The amounts due under hire purchase agreements after more than one year are secured upon the assets to which the agreements relate.

Page 10

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

10.


Loans


Analysis of the maturity of loans is given below:


2023
2022
£
£

Amounts falling due within one year

Bank loans
10,139
9,890


10,139
9,890

Amounts falling due 1-2 years

Bank loans
10,397
10,140


10,397
10,140

Amounts falling due 2-5 years

Bank loans
4,415
14,806


4,415
14,806


24,951
34,836



11.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2023
2022
£
£


Within one year
5,070
5,918

Between 1-2 years
5,070
-

Between 2-5 years
5,070
-

15,210
5,918

Page 11

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

12.


Deferred taxation




2023


£






At beginning of year
15,676


Utilised in year
3,198



At end of year
18,874

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
18,874
16,963

Tax losses carried forward
-
(1,287)

18,874
15,676

Page 12

 
APT PLUMBING AND HEATING LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

13.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



10 (2022 - 10) Ordinary class A shares of £1.00 each
10
10
10 (2022 - 10) Ordinary class B shares of £1.00 each
10
10

20

20



14.


Reserves

Profit and loss account

The profit and loss account represents the accumulated profits of the Company since incorporation less distributions made to shareholders.

 
Page 13