Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-01falseNo description of principal activity44falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00641703 2023-01-01 2023-12-31 00641703 2022-01-01 2022-12-31 00641703 2023-12-31 00641703 2022-12-31 00641703 c:Director1 2023-01-01 2023-12-31 00641703 d:Buildings 2023-01-01 2023-12-31 00641703 d:Buildings d:LongLeaseholdAssets 2023-01-01 2023-12-31 00641703 d:Buildings d:LongLeaseholdAssets 2023-12-31 00641703 d:Buildings d:LongLeaseholdAssets 2022-12-31 00641703 d:PlantMachinery 2023-01-01 2023-12-31 00641703 d:PlantMachinery 2023-12-31 00641703 d:PlantMachinery 2022-12-31 00641703 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00641703 d:FurnitureFittings 2023-01-01 2023-12-31 00641703 d:FurnitureFittings 2023-12-31 00641703 d:FurnitureFittings 2022-12-31 00641703 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00641703 d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 00641703 d:CurrentFinancialInstruments 2023-12-31 00641703 d:CurrentFinancialInstruments 2022-12-31 00641703 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 00641703 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 00641703 d:ShareCapital 2023-12-31 00641703 d:ShareCapital 2022-12-31 00641703 d:RetainedEarningsAccumulatedLosses 2023-12-31 00641703 d:RetainedEarningsAccumulatedLosses 2022-12-31 00641703 c:OrdinaryShareClass1 2023-01-01 2023-12-31 00641703 c:OrdinaryShareClass1 2023-12-31 00641703 c:OrdinaryShareClass1 2022-12-31 00641703 c:FRS102 2023-01-01 2023-12-31 00641703 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 00641703 c:FullAccounts 2023-01-01 2023-12-31 00641703 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 00641703 6 2023-01-01 2023-12-31 00641703 d:AcceleratedTaxDepreciationDeferredTax 2023-12-31 00641703 d:AcceleratedTaxDepreciationDeferredTax 2022-12-31 00641703 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 00641703














APROPA MACHINERY LIMITED
UNAUDITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

 
APROPA MACHINERY LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
1 - 2
Notes to the Financial Statements
 
3 - 8


 
APROPA MACHINERY LIMITED
REGISTERED NUMBER:00641703

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 3 
3,466
2,113

Investments
 4 
1,629
1,650

  
5,095
3,763

Current assets
  

Stocks
  
6,750
10,500

Debtors: amounts falling due within one year
 5 
264,352
253,661

Cash at bank and in hand
  
174,755
332,153

  
 
 
445,857
 
 
596,314

Current Liabilities
  

Creditors: amounts falling due within one year
 6 
(119,111)
(166,174)

Net current assets
  
 
 
326,746
 
 
430,140

Total assets less current liabilities
  
331,841
433,903

Provisions for liabilities
  

Deferred tax
  
(203)
(384)

Net assets
  
331,638
433,519


Capital and reserves
  

Called up share capital 
 8 
6
6

Profit and loss account
  
331,632
433,513

  
331,638
433,519


Page 1

 
APROPA MACHINERY LIMITED
REGISTERED NUMBER:00641703
    
STATEMENT OF FINANCIAL POSITION (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 18 September 2024.




J D Borchard
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
APROPA MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

Apropa Machinery Limited is a limited company registered in England and Wales. It's  registered office is 5 Elstree Gate, Elstree Way, Borehamwood, Hertfordshire, WD6 1JD.  
The principal activity of the Company continued to be that of dealers in industrial machinery.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

 
2.2

Turnover

Turnover comprises revenue recognised by the Company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.
Turnover is recognised when the goods are despatched and when the service is provided.

 
2.3

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.

At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

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


Freehold property
-
straight line over 50 years
L/Term Leasehold Property
-
straight line over 10 years
Plant & machinery
-
10% straight line
Fixtures & fittings
-
10%-25% straight line

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.

Page 3

 
APROPA MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Valuation of investments

Investments held as fixed assets are shown at cost less provision for impairment.

 
2.5

Stocks

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

 
2.6

Basic financial instruments

The Company only enters into transactions that result in basic financial instruments such as trade and other debtors, trade and other creditors, cash at bank and in hand, loans to/from related parties.
Trade debtors, other debtors and loans to related parties are recognised initially at the transaction price less attributable transaction costs. Trade creditors, other creditors and loans from related parties are recognised initially at transaction price plus attributable transaction costs. Subsequently they are measured at amortised cost using the effective interest method, less any impairment losses in the case of trade and other debtors, and loans to related parties.
Interest bearing borrowings, such bank loans, classified as basic financial instruments are recognised initially at the present value of future payments discounted at a market rate of interest. Thereafter they are stated at amortised cost using the effective interest method.
Cash and cash equivalents comprise cash balances and call deposits. Bank overdrafts that are repayable on demand and form an integral part of the Company's cash management.

 
2.7

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

 
2.8

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.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable.

Page 4

 
APROPA MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.10

Pensions

The Company operates a defined contribution pension scheme and the pension charge represents the amounts payable by the company to the fund in respect of the year.

 
2.11

Borrowing costs

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

 
2.12

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 reporting 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 reporting 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 reporting date.

Page 5

 
APROPA MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Tangible fixed assets





L/Term Leasehold Property
Plant & machinery
Fixtures & fittings
Total

£
£
£
£



Cost or valuation


At 1 January 2023
27,204
58,307
55,705
141,216


Additions
-
-
2,881
2,881



At 31 December 2023

27,204
58,307
58,586
144,097



Depreciation


At 1 January 2023
27,204
58,307
53,592
139,103


Charge for the year on owned assets
-
-
1,528
1,528



At 31 December 2023

27,204
58,307
55,120
140,631



Net book value



At 31 December 2023
-
-
3,466
3,466



At 31 December 2022
-
-
2,113
2,113


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 January 2023
1,650


Revaluations
(21)



At 31 December 2023
1,629




Page 6

 
APROPA MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

5.


Debtors

2023
2022
£
£


Trade debtors excluding factored debts
49,646
178,530

Factored debts
13,095
34,709

Other debtors
200,281
6,085

Prepayments and accrued income
1,330
34,337

264,352
253,661






The Company's debt factoring facility included in debtors and creditors due within one year are secured by a fixed and floating charge over the assets of the company.


6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
28,394
-

Trade creditors
36,981
70,471

Other taxation and social security
23,783
76,507

Other creditors
8,983
5,136

Accruals and deferred income
20,970
14,060

119,111
166,174


Page 7

 
APROPA MACHINERY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

7.


Deferred taxation




2023


£






At beginning of year
(384)


Charged to profit or loss
181



At end of year
(203)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(203)
(384)


8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



6 (2022 -6) Ordinary shares of £1 each
6
6



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held seperately from those of the company in and independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £11,000 (2021 - £12,000).

 
Page 8