Silverfin false false 31/12/2023 01/01/2023 31/12/2023 Mrs E L Bonnor-Moris 20/01/2016 Mr M E Cousins 20/01/2016 Mrs V E Gooch 20/01/2016 Mr G E Haines 20/01/2016 Mr A M Hogg 02/02/2016 Mrs S E Hogg 02/02/2016 Mr M D Wimms 20/01/2016 A M Hogg 01 August 2024 The principal activity of the Company during the financial year was that of a holding company. 09960875 2023-12-31 09960875 bus:Director1 2023-12-31 09960875 bus:Director2 2023-12-31 09960875 bus:Director3 2023-12-31 09960875 bus:Director4 2023-12-31 09960875 bus:Director5 2023-12-31 09960875 bus:Director6 2023-12-31 09960875 bus:Director7 2023-12-31 09960875 2022-12-31 09960875 core:CurrentFinancialInstruments 2023-12-31 09960875 core:CurrentFinancialInstruments 2022-12-31 09960875 core:ShareCapital 2023-12-31 09960875 core:ShareCapital 2022-12-31 09960875 core:RetainedEarningsAccumulatedLosses 2023-12-31 09960875 core:RetainedEarningsAccumulatedLosses 2022-12-31 09960875 core:CostValuation 2022-12-31 09960875 core:CostValuation 2023-12-31 09960875 bus:OrdinaryShareClass1 2023-12-31 09960875 bus:OrdinaryShareClass2 2023-12-31 09960875 bus:OrdinaryShareClass3 2023-12-31 09960875 bus:PreferenceShareClass1 2023-12-31 09960875 2023-01-01 2023-12-31 09960875 bus:FilletedAccounts 2023-01-01 2023-12-31 09960875 bus:SmallEntities 2023-01-01 2023-12-31 09960875 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09960875 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09960875 bus:Director1 2023-01-01 2023-12-31 09960875 bus:Director2 2023-01-01 2023-12-31 09960875 bus:Director3 2023-01-01 2023-12-31 09960875 bus:Director4 2023-01-01 2023-12-31 09960875 bus:Director5 2023-01-01 2023-12-31 09960875 bus:Director6 2023-01-01 2023-12-31 09960875 bus:Director7 2023-01-01 2023-12-31 09960875 bus:Director8 2023-01-01 2023-12-31 09960875 2022-01-01 2022-12-31 09960875 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 09960875 bus:OrdinaryShareClass1 2022-01-01 2022-12-31 09960875 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 09960875 bus:OrdinaryShareClass2 2022-01-01 2022-12-31 09960875 bus:OrdinaryShareClass3 2023-01-01 2023-12-31 09960875 bus:OrdinaryShareClass3 2022-01-01 2022-12-31 09960875 bus:PreferenceShareClass1 2023-01-01 2023-12-31 09960875 bus:PreferenceShareClass1 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 09960875 (England and Wales)

APEX SCAFFOLDING HOLDINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

APEX SCAFFOLDING HOLDINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

APEX SCAFFOLDING HOLDINGS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
APEX SCAFFOLDING HOLDINGS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTORS Mrs E L Bonnor-Moris
Mr M E Cousins
Mrs V E Gooch
Mr G E Haines
Mr A M Hogg
Mrs S E Hogg
Mr M D Wimms
SECRETARY Mrs E L Bonnor-Moris
REGISTERED OFFICE Apex House
Pinbrook Road
Exeter
EX4 8HH
England
United Kingdom
COMPANY NUMBER 09960875 (England and Wales)
CHARTERED ACCOUNTANTS Francis Clark LLP
Centenary House
Peninsula Park
Rydon Lane
Exeter
Devon EX2 7XE
APEX SCAFFOLDING HOLDINGS LIMITED

BALANCE SHEET

As at 31 December 2023
APEX SCAFFOLDING HOLDINGS LIMITED

BALANCE SHEET (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Investments 3 2,025,034 2,025,034
2,025,034 2,025,034
Current assets
Debtors 4 183,413 210,086
Cash at bank and in hand 10,568 395
193,981 210,481
Creditors: amounts falling due within one year 5 ( 5,273) ( 2,767)
Net current assets 188,708 207,714
Total assets less current liabilities 2,213,742 2,232,748
Net assets 2,213,742 2,232,748
Capital and reserves
Called-up share capital 6 294,690 546,690
Profit and loss account 1,919,052 1,686,058
Total shareholders' funds 2,213,742 2,232,748

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Apex Scaffolding Holdings Limited (registered number: 09960875) were approved and authorised for issue by the Board of Directors on 01 August 2024. They were signed on its behalf by:

A M Hogg
Director
APEX SCAFFOLDING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
APEX SCAFFOLDING HOLDINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Apex Scaffolding Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Apex House, Pinbrook Road, Exeter, EX4 8HH, England, United Kingdom.

The financial statements have been prepared under the historical cost convention and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Group accounts exemption

Group accounts exemption s399
The Company has taken advantage of the exemption in section 399 of the Companies Act 2006 not to prepare consolidated accounts, because the group it heads qualifies as small. The financial statements present information about the Company as an individual entity only.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

Investments
Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured at fair value through the Statement of Income and Retained Earnings. Where fair value cannot be measured reliably, investments are measured at cost less impairment.

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.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Fixed asset investments

2023 2022
£ £
Subsidiary undertakings 2,025,034 2,025,034

Investments in subsidiaries

2023
£
Cost
At 01 January 2023 2,025,034
At 31 December 2023 2,025,034
Carrying value at 31 December 2023 2,025,034
Carrying value at 31 December 2022 2,025,034

4. Debtors

2023 2022
£ £
Amounts owed by Group undertakings 183,413 209,956
Other debtors 0 130
183,413 210,086

5. Creditors: amounts falling due within one year

2023 2022
£ £
Corporation tax 2,300 200
Other taxation and social security 863 867
Other creditors 2,110 1,700
5,273 2,767

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
5,500 B ordinary shares of £ 0.01 each 55 55
3,000 A ordinary shares of £ 0.01 each 30 30
1,500 C ordinary shares of £ 0.01 each 15 15
100 100
294,590 Preference shares of £ 1.00 each (2022: 546,590 shares of £ 1.00 each) 294,590 546,590
294,690 546,690

The ordinary A, Ordinary B and Ordinary C shares rank pari passu and carry equal rights to voting, shall receive dividends and rights to income and capital.

The Redeemable Preference Shares shall not carry any preferential rights to dividends and the holders shall not be entitled to receive notice of meetings or attend or vote at general meetings of the Company.

During the year, 252,000 (2022: 213,000) preference shares were redeemed at par.

7. Financial commitments

Other financial commitments

The company has provided a guarantee of £350,000 (2022: £350,000) to Apex Scaffolding (Exeter) Limited as security for that company's bank loan.

8. Contingencies

Contingent liabilities

The total amount of contingencies not included in the balance sheet is £28,048 (2022: £18,040). The company is a member of a VAT group with its subsidiary undertakings and such is jointly liable for any outstanding liability. The amount guaranteed is £28,048 (2022: £18,040)