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REGISTERED NUMBER: SC406670 (Scotland)















APF Heating and Mechanical Services Ltd

Financial Statements For The Year Ended 30 June 2024






APF Heating and Mechanical Services Ltd (Registered number: SC406670)






Contents of the Financial Statements
For The Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APF Heating and Mechanical Services Ltd

Company Information
For The Year Ended 30 June 2024







DIRECTOR: K Paterson



REGISTERED OFFICE: 4 Parade Spur North
Pinefield
Elgin
Moray
IV30 6AL



REGISTERED NUMBER: SC406670 (Scotland)



ACCOUNTANTS: Cathedral Accountancy
4 North Guildry Street
Elgin
Moray
IV30 1JR



BANKERS: Bank of Scotland
90 High Street
Elgin
Moray
IV30 1BJ

APF Heating and Mechanical Services Ltd (Registered number: SC406670)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,263 15,484

CURRENT ASSETS
Stocks 17,000 17,000
Debtors 5 90,925 72,319
Cash at bank and in hand 64,090 25,459
172,015 114,778
CREDITORS
Amounts falling due within one year 6 87,609 80,410
NET CURRENT ASSETS 84,406 34,368
TOTAL ASSETS LESS CURRENT
LIABILITIES

101,669

49,852

CREDITORS
Amounts falling due after more than one
year

7

(8,191

)

(12,612

)

PROVISIONS FOR LIABILITIES 8 (3,280 ) (2,942 )
NET ASSETS 90,198 34,298

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 10 90,098 34,198
SHAREHOLDERS' FUNDS 90,198 34,298

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

APF Heating and Mechanical Services Ltd (Registered number: SC406670)

Balance Sheet - continued
30 June 2024


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 director and authorised for issue on 5 September 2024 and were signed by:





K Paterson - Director


APF Heating and Mechanical Services Ltd (Registered number: SC406670)

Notes to the Financial Statements
For The Year Ended 30 June 2024

1. STATUTORY INFORMATION

APF Heating and Mechanical Services Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

APF Heating and Mechanical Services Ltd (Registered number: SC406670)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Motor Computer
Equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 July 2023 6,681 44,329 1,640 52,650
Additions - 6,250 - 6,250
At 30 June 2024 6,681 50,579 1,640 58,900
DEPRECIATION
At 1 July 2023 5,774 30,562 830 37,166
Charge for year 227 3,963 281 4,471
At 30 June 2024 6,001 34,525 1,111 41,637
NET BOOK VALUE
At 30 June 2024 680 16,054 529 17,263
At 30 June 2023 907 13,767 810 15,484

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 86,655 71,870
Other debtors 4,270 449
90,925 72,319

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 4,468 4,910
Trade creditors 31,803 16,172
Taxation and social security 48,716 22,940
Other creditors 2,622 36,388
87,609 80,410

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 8,191 12,612

8. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 3,280 2,942

APF Heating and Mechanical Services Ltd (Registered number: SC406670)

Notes to the Financial Statements - continued
For The Year Ended 30 June 2024

8. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 July 2023 2,942
Provided during year 338
Balance at 30 June 2024 3,280

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary 1 100 100

10. RESERVES
Retained
earnings
£   

At 1 July 2023 34,198
Profit for the year 56,900
Dividends (1,000 )
At 30 June 2024 90,098

11. CAPITAL COMMITMENTS
30.6.24 30.6.23
£    £   
Contracted but not provided for in the
financial statements 8,270 8,270

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £1,000 (2023 - £2,000) were paid to the director .

As at 1 July 2023 the company owed the director £31,273. During the year the company met expenditure amounting to £30,391 on behalf of the director. As at 30 June 2024 the company owed the director £882. This loan is interest free and has no fixed terms of repayment.

The company operates from premises owned by the director and for which a market value rent of £1,200 (2023 - £12,000) was charged to the company during the year.

13. ULTIMATE CONTROLLING PARTY

The controlling party is K Paterson.