Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-301The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.12023-05-01falseNo description of principal activitytruetrue 10143664 2023-05-01 2024-04-30 10143664 2022-05-01 2023-04-30 10143664 2024-04-30 10143664 2023-04-30 10143664 c:Director1 2023-05-01 2024-04-30 10143664 d:CurrentFinancialInstruments 2024-04-30 10143664 d:CurrentFinancialInstruments 2023-04-30 10143664 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 10143664 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 10143664 d:ShareCapital 2024-04-30 10143664 d:ShareCapital 2023-04-30 10143664 d:RetainedEarningsAccumulatedLosses 2024-04-30 10143664 d:RetainedEarningsAccumulatedLosses 2023-04-30 10143664 c:OrdinaryShareClass1 2023-05-01 2024-04-30 10143664 c:OrdinaryShareClass1 2024-04-30 10143664 c:OrdinaryShareClass1 2023-04-30 10143664 c:FRS102 2023-05-01 2024-04-30 10143664 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 10143664 c:FullAccounts 2023-05-01 2024-04-30 10143664 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 10143664 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10143664









AUTOMATION PROGRAMS SOLUTIONS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
AUTOMATION PROGRAMS SOLUTIONS LIMITED
REGISTERED NUMBER: 10143664

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Current assets
  

Debtors: amounts falling due within one year
 4 
135,346
107,532

Cash at bank and in hand
 5 
3,985
9,466

  
139,331
116,998

Creditors: amounts falling due within one year
 6 
(94,700)
(94,006)

Net assets
  
44,631
22,992


Capital and reserves
  

Called up share capital 
 7 
100
100

Profit and loss account
  
44,531
22,892

  
44,631
22,992


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 Company has opted not to file the statement of income and retained earnings 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 19 September 2024.




................................................
Simon Lucas
Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

 
AUTOMATION PROGRAMS SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Automation Program Solutions Limited is a private company limited by share capital, incorporated in England and Wales, registration number 10143664. The address of the registered office is 30 Frampton Road, Potters Bar, England, EN6 1JE. 

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.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

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.

Page 2

 
AUTOMATION PROGRAMS SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.4

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:

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.

 
2.5

Borrowing costs

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

 
2.6

Taxation

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.

 
2.7

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.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
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.

Page 3

 
AUTOMATION PROGRAMS SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.10

Financial instruments

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

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

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).

Page 4

 
AUTOMATION PROGRAMS SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Debtors

2024
2023
£
£


Trade debtors
74,503
53,579

Other debtors
60,843
53,953

135,346
107,532



5.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
3,985
9,466

Less: bank overdrafts
(866)
(887)

3,119
8,579



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
866
887

Trade creditors
80,025
74,590

Corporation tax
5,105
3,812

Other taxation and social security
6,214
12,387

Accruals and deferred income
2,490
2,330

94,700
94,006



7.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



100 (2023 - 100) Ordinary shares of £1.00 each
100
100


 
Page 5