2023-03-012024-02-292024-02-29false11219049APEX HR LTD2024-06-18iso4217:GBPxbrli:pure112190492023-03-01112190492024-02-29112190492023-03-012024-02-29112190492022-03-01112190492023-02-28112190492022-03-012023-02-2811219049bus:SmallEntities2023-03-012024-02-2911219049bus:AuditExempt-NoAccountantsReport2023-03-012024-02-2911219049bus:FullAccounts2023-03-012024-02-2911219049bus:PrivateLimitedCompanyLtd2023-03-012024-02-2911219049core:WithinOneYear2024-02-2911219049core:AfterOneYear2024-02-2911219049core:WithinOneYear2023-02-2811219049core:AfterOneYear2023-02-2811219049core:ShareCapital2024-02-2911219049core:SharePremium2024-02-2911219049core:RevaluationReserve2024-02-2911219049core:OtherReservesSubtotal2024-02-2911219049core:RetainedEarningsAccumulatedLosses2024-02-2911219049core:ShareCapital2023-02-2811219049core:SharePremium2023-02-2811219049core:RevaluationReserve2023-02-2811219049core:OtherReservesSubtotal2023-02-2811219049core:RetainedEarningsAccumulatedLosses2023-02-2811219049core:LandBuildings2024-02-2911219049core:PlantMachinery2024-02-2911219049core:Vehicles2024-02-2911219049core:FurnitureFittings2024-02-2911219049core:OfficeEquipment2024-02-2911219049core:NetGoodwill2024-02-2911219049core:IntangibleAssetsOtherThanGoodwill2024-02-2911219049core:ListedExchangeTraded2024-02-2911219049core:UnlistedNon-exchangeTraded2024-02-2911219049core:LandBuildings2023-02-2811219049core:PlantMachinery2023-02-2811219049core:Vehicles2023-02-2811219049core:FurnitureFittings2023-02-2811219049core:OfficeEquipment2023-02-2811219049core:NetGoodwill2023-02-2811219049core:IntangibleAssetsOtherThanGoodwill2023-02-2811219049core:ListedExchangeTraded2023-02-2811219049core:UnlistedNon-exchangeTraded2023-02-2811219049core:LandBuildings2023-03-012024-02-2911219049core:PlantMachinery2023-03-012024-02-2911219049core:Vehicles2023-03-012024-02-2911219049core:FurnitureFittings2023-03-012024-02-2911219049core:OfficeEquipment2023-03-012024-02-2911219049core:NetGoodwill2023-03-012024-02-2911219049core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911219049core:ListedExchangeTraded2023-03-012024-02-2911219049core:UnlistedNon-exchangeTraded2023-03-012024-02-2911219049core:MoreThanFiveYears2023-03-012024-02-2911219049core:Non-currentFinancialInstruments2024-02-2911219049core:Non-currentFinancialInstruments2023-02-2811219049dpl:CostSales2023-03-012024-02-2911219049dpl:DistributionCosts2023-03-012024-02-2911219049core:LandBuildings2023-03-012024-02-2911219049core:PlantMachinery2023-03-012024-02-2911219049core:Vehicles2023-03-012024-02-2911219049core:FurnitureFittings2023-03-012024-02-2911219049core:OfficeEquipment2023-03-012024-02-2911219049dpl:AdministrativeExpenses2023-03-012024-02-2911219049core:NetGoodwill2023-03-012024-02-2911219049core:IntangibleAssetsOtherThanGoodwill2023-03-012024-02-2911219049dpl:GroupUndertakings2023-03-012024-02-2911219049dpl:ParticipatingInterests2023-03-012024-02-2911219049dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-012024-02-2911219049core:ListedExchangeTraded2023-03-012024-02-2911219049dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-012024-02-2911219049core:UnlistedNon-exchangeTraded2023-03-012024-02-2911219049dpl:CostSales2022-03-012023-02-2811219049dpl:DistributionCosts2022-03-012023-02-2811219049core:LandBuildings2022-03-012023-02-2811219049core:PlantMachinery2022-03-012023-02-2811219049core:Vehicles2022-03-012023-02-2811219049core:FurnitureFittings2022-03-012023-02-2811219049core:OfficeEquipment2022-03-012023-02-2811219049dpl:AdministrativeExpenses2022-03-012023-02-2811219049core:NetGoodwill2022-03-012023-02-2811219049core:IntangibleAssetsOtherThanGoodwill2022-03-012023-02-2811219049dpl:GroupUndertakings2022-03-012023-02-2811219049dpl:ParticipatingInterests2022-03-012023-02-2811219049dpl:GroupUndertakingscore:ListedExchangeTraded2022-03-012023-02-2811219049core:ListedExchangeTraded2022-03-012023-02-2811219049dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-03-012023-02-2811219049core:UnlistedNon-exchangeTraded2022-03-012023-02-2811219049core:NetGoodwill2024-02-2911219049core:IntangibleAssetsOtherThanGoodwill2024-02-2911219049core:LandBuildings2024-02-2911219049core:PlantMachinery2024-02-2911219049core:Vehicles2024-02-2911219049core:FurnitureFittings2024-02-2911219049core:OfficeEquipment2024-02-2911219049core:AfterOneYear2024-02-2911219049core:WithinOneYear2024-02-2911219049core:ListedExchangeTraded2024-02-2911219049core:UnlistedNon-exchangeTraded2024-02-2911219049core:ShareCapital2024-02-2911219049core:SharePremium2024-02-2911219049core:RevaluationReserve2024-02-2911219049core:OtherReservesSubtotal2024-02-2911219049core:RetainedEarningsAccumulatedLosses2024-02-2911219049core:NetGoodwill2023-02-2811219049core:IntangibleAssetsOtherThanGoodwill2023-02-2811219049core:LandBuildings2023-02-2811219049core:PlantMachinery2023-02-2811219049core:Vehicles2023-02-2811219049core:FurnitureFittings2023-02-2811219049core:OfficeEquipment2023-02-2811219049core:AfterOneYear2023-02-2811219049core:WithinOneYear2023-02-2811219049core:ListedExchange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APEX HR LTD

Registered Number
11219049
(England and Wales)

Unaudited Financial Statements for the Year ended
29 February 2024

APEX HR LTD
Company Information
for the year from 1 March 2023 to 29 February 2024

Directors

L Lynch
K L Miller
K A Miller

Registered Address

The Apex 002 Derriford Business Park
Derriford
Plymouth
PL6 5FL

Registered Number

11219049 (England and Wales)
APEX HR LTD
Balance Sheet as at
29 February 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets35,5912,264
5,5912,264
Current assets
Debtors4100,68663,691
Cash at bank and on hand4,47612,824
105,16276,515
Creditors amounts falling due within one year5(105,816)(64,022)
Net current assets (liabilities)(654)12,493
Total assets less current liabilities4,93714,757
Creditors amounts falling due after one year6(4,830)(14,650)
Net assets107107
Capital and reserves
Called up share capital100100
Profit and loss account77
Shareholders' funds107107
The financial statements were approved and authorised for issue by the Board of Directors on 18 June 2024, and are signed on its behalf by:
K A Miller
Director
Registered Company No. 11219049
APEX HR LTD
Notes to the Financial Statements
for the year ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Office Equipment20
2.Average number of employees

20242023
Average number of employees during the year33
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 March 235,0245,024
Additions4,1734,173
At 29 February 249,1979,197
Depreciation and impairment
At 01 March 232,7602,760
Charge for year846846
At 29 February 243,6063,606
Net book value
At 29 February 245,5915,591
At 28 February 232,2642,264
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables13,30411,555
Other debtors86,67346,489
Prepayments and accrued income7095,647
Total100,68663,691
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables1,4312,961
Bank borrowings and overdrafts4,620-
Taxation and social security91,34053,377
Other creditors6,9817,144
Accrued liabilities and deferred income1,444540
Total105,81664,022
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts4,83014,650
Total4,83014,650
7.Provisions for liabilities