Acorah Software Products - Accounts Production 15.0.600 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 10840062 Mr Alexander McClymont Mr Joseph McClymont Mrs Louise McClymont iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 10840062 2023-06-30 10840062 2024-06-30 10840062 2023-07-01 2024-06-30 10840062 frs-core:CurrentFinancialInstruments 2024-06-30 10840062 frs-core:Non-currentFinancialInstruments 2024-06-30 10840062 frs-core:ComputerEquipment 2024-06-30 10840062 frs-core:ComputerEquipment 2023-07-01 2024-06-30 10840062 frs-core:ComputerEquipment 2023-06-30 10840062 frs-core:FurnitureFittings 2024-06-30 10840062 frs-core:FurnitureFittings 2023-07-01 2024-06-30 10840062 frs-core:FurnitureFittings 2023-06-30 10840062 frs-core:MotorVehicles 2024-06-30 10840062 frs-core:MotorVehicles 2023-07-01 2024-06-30 10840062 frs-core:MotorVehicles 2023-06-30 10840062 frs-core:PlantMachinery 2024-06-30 10840062 frs-core:PlantMachinery 2023-07-01 2024-06-30 10840062 frs-core:PlantMachinery 2023-06-30 10840062 frs-core:ShareCapital 2024-06-30 10840062 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 10840062 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10840062 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 10840062 frs-bus:SmallEntities 2023-07-01 2024-06-30 10840062 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10840062 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 10840062 frs-bus:Director1 2023-07-01 2024-06-30 10840062 frs-bus:Director1 2023-06-30 10840062 frs-bus:Director1 2024-06-30 10840062 frs-bus:Director2 2023-07-01 2024-06-30 10840062 frs-bus:Director2 2023-06-30 10840062 frs-bus:Director2 2024-06-30 10840062 frs-bus:Director3 2023-07-01 2024-06-30 10840062 frs-bus:Director3 2023-06-30 10840062 frs-bus:Director3 2024-06-30 10840062 frs-core:CurrentFinancialInstruments 1 2024-06-30 10840062 frs-core:CurrentFinancialInstruments 2 2024-06-30 10840062 frs-countries:EnglandWales 2023-07-01 2024-06-30 10840062 2022-06-30 10840062 2023-06-30 10840062 2022-07-01 2023-06-30 10840062 frs-core:CurrentFinancialInstruments 2023-06-30 10840062 frs-core:Non-currentFinancialInstruments 2023-06-30 10840062 frs-core:ShareCapital 2023-06-30 10840062 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30 10840062 frs-core:CurrentFinancialInstruments 1 2023-06-30 10840062 frs-core:CurrentFinancialInstruments 2 2023-06-30 10840062 frs-core:CurrentFinancialInstruments 3 2023-06-30
Registered number: 10840062
Apex Specialist Contracts Limited
Financial Statements
For The Year Ended 30 June 2024
TaxAssist Accountants
11-13 Hockerill Street
Bishops Stortford
Herts
CM23 2DH
Contents
Page
Company Information 1
Balance Sheet 2—3
Notes to the Financial Statements 4—7
Page 1
Company Information
Directors Mr Alexander McClymont
Mr Joseph McClymont
Mrs Louise McClymont
Company Number 10840062
Registered Office Unit 6a Hadham Industrial Estate Church End
Little Hadham
Ware
Hertfordshire
SG11 2DY
Accountants TaxAssist Accountants
11-13 Hockerill Street
Bishops Stortford
Herts
CM23 2DH
Page 1
Page 2
Balance Sheet
Registered number: 10840062
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 27,360 32,122
27,360 32,122
CURRENT ASSETS
Debtors 5 61,281 29,106
Cash at bank and in hand 43,826 150,176
105,107 179,282
Creditors: Amounts Falling Due Within One Year 6 (117,950 ) (146,916 )
NET CURRENT ASSETS (LIABILITIES) (12,843 ) 32,366
TOTAL ASSETS LESS CURRENT LIABILITIES 14,517 64,488
Creditors: Amounts Falling Due After More Than One Year 7 (9,475 ) (19,398 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,818 ) (5,639 )
NET ASSETS 224 39,451
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 124 39,351
SHAREHOLDERS' FUNDS 224 39,451
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For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Alexander McClymont
Director
Mr Joseph McClymont
Director
Mrs Louise McClymont
Director
3 October 2024
The notes on pages 4 to 7 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Apex Specialist Contracts Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10840062 . The registered office is Unit 6a Hadham Industrial Estate Church End, Little Hadham, Ware, Hertfordshire, SG11 2DY.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Reducing Balance
Motor Vehicles 25% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computer Equipment 25% Reducing Balance
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2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 3)
3 3
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2023 6,172 49,258 6,278 10,538 72,246
Additions 705 - 1,683 1,698 4,086
As at 30 June 2024 6,877 49,258 7,961 12,236 76,332
Depreciation
As at 1 July 2023 3,540 28,194 2,869 5,521 40,124
Provided during the period 776 5,266 1,273 1,533 8,848
As at 30 June 2024 4,316 33,460 4,142 7,054 48,972
...CONTINUED
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Net Book Value
As at 30 June 2024 2,561 15,798 3,819 5,182 27,360
As at 1 July 2023 2,632 21,064 3,409 5,017 32,122
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 59,145 26,970
Prepayments and accrued income 2,136 2,136
61,281 29,106
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 29,849 28,831
Bank loans and overdrafts 10,000 10,000
Corporation tax 6,790 1,208
PAYE Control 39 1,652
VAT 43,784 36,915
Credit card 1 1,878 3,919
Credit card 2 6,122 6,909
Other creditors. - 825
Directors' loan accounts 19,488 56,657
117,950 146,916
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans over a year 9,475 19,398
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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9. Directors Advances, Credits and Guarantees
There is a balance of £19,488 (2023 - £56,657) due to the directors on their current accounts.
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Alexander McClymont (18,886 ) 16,673 (4,283 ) - (6,496 )
Mr Joseph McClymont (18,886 ) 16,673 (4,283 ) - (6,496 )
Mrs Louise McClymont (18,886 ) 16,673 (4,283 ) - (6,496 )
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
The controlling parties are Mr Joseph McClymont (50%), Mrs Louise McClymont (25%) & Mr Alexander McClymont (25%) by virtue of them owning 100% of the issued ordinary share capital in the company.
Included within other creditors is a bounce back loan amounting to £19,475 (2022 - £29,398) payable to the bank. 
An amount of £59,145 included in Trade Debtors relates amounts owed by debtors.
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