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Registration number: SC431707

APS (Dundee) Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2023

 

APS (Dundee) Ltd

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

APS (Dundee) Ltd

(Registration number: SC431707)
Statement of Financial Position as at 30 September 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

6,525

8,700

Current assets

 

Stocks

5

1,500

1,500

Debtors

6

132,554

98,989

Cash at bank and in hand

 

3,470

27,263

 

137,524

127,752

Creditors: Amounts falling due within one year

7

(116,320)

(116,140)

Net current assets

 

21,204

11,612

Total assets less current liabilities

 

27,729

20,312

Creditors: Amounts falling due after more than one year

7

(42,521)

(31,145)

Net liabilities

 

(14,792)

(10,833)

Capital and reserves

 

Called up share capital

2

2

Retained earnings

(14,794)

(10,835)

Shareholders' deficit

 

(14,792)

(10,833)

For the financial year ending 30 September 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 25 September 2024 and signed on its behalf by:
 

 

APS (Dundee) Ltd

(Registration number: SC431707)
Statement of Financial Position as at 30 September 2023

.........................................
Mr Steven Craig
Director

.........................................
Mr Alan Greene
Director

 
     
 

APS (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

1

General information

The Company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
29 Commercial Street
Dundee
Tayside
DD1 3DG
Scotland

The principal place of business is:
APS (Dundee) Ltd
3 Granary Terrace
Monikie
Broughty Ferry
Dundee
DD5 3UK

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

The financial statements have been prepared on a going concern basis.

 

APS (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the Company's activities.

Tax

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

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Motor Vehicles

25% reducing balance

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the Company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Financial instruments

Classification
Financial instruments are classified and accounted for, according to the substance of the contractual agreement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

 

APS (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 3 (2022 - 3).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 October 2022

723

47,112

47,835

At 30 September 2023

723

47,112

47,835

Depreciation

At 1 October 2022

254

38,881

39,135

Charge for the year

117

2,058

2,175

At 30 September 2023

371

40,939

41,310

Carrying amount

At 30 September 2023

352

6,173

6,525

At 30 September 2022

469

8,231

8,700

5

Stocks

2023
£

2022
£

Work in progress

1,500

1,500

6

Debtors

Current

2023
£

2022
£

Trade debtors

6,777

26,627

Other debtors

125,777

72,362

 

132,554

98,989

 

APS (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

7

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

14,560

11,264

Trade creditors

 

47,975

67,487

Taxation and social security

 

15,026

8,186

Accruals and deferred income

 

2,870

2,870

Other creditors

 

35,889

26,333

 

116,320

116,140

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

42,521

31,145

 

APS (Dundee) Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2023

8

Related party transactions

Transactions with Directors

2023

At 1 October 2022
£

Advances to Director
£

Repayments by Director
£

At 30 September 2023
£

Mr Steven Craig

Mr S Craig

35,252

41,153

(13,516)

62,889

Mr Alan Greene

Mr A Greene

35,252

41,153

(13,516)

62,889

2022

At 1 October 2021
£

Advances to Director
£

Repayments by Director
£

At 30 September 2022
£

Mr Steven Craig

Mr S Craig

34,049

29,970

(28,767)

35,252

Mr Alan Greene

Mr A Greene

34,049

29,970

(28,767)

35,252