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REGISTERED NUMBER: 08672709 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

APEX EDUCATION TRAINING LTD

APEX EDUCATION TRAINING LTD (REGISTERED NUMBER: 08672709)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APEX EDUCATION TRAINING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTOR: K I Maynard





REGISTERED OFFICE: Nucleus Centre
The Bridge
Dartford
Kent
DA1 5GA





BUSINESS ADDRESS: 352 Maidstone Road
Chatham
Kent
ME5 9SD





REGISTERED NUMBER: 08672709 (England and Wales)





ACCOUNTANTS: Friend & Grant Ltd
Bryant House
Bryant Road
Strood
Rochester
Kent
ME2 3EW

APEX EDUCATION TRAINING LTD (REGISTERED NUMBER: 08672709)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 8,519 8,343

CURRENT ASSETS
Debtors 6 55,530 59,644
Cash at bank 291,292 262,819
346,822 322,463
CREDITORS
Amounts falling due within one year 7 136,083 102,184
NET CURRENT ASSETS 210,739 220,279
TOTAL ASSETS LESS CURRENT
LIABILITIES

219,258

228,622

PROVISIONS FOR LIABILITIES 1,939 1,904
NET ASSETS 217,319 226,718

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 217,219 226,618
SHAREHOLDERS' FUNDS 217,319 226,718

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

APEX EDUCATION TRAINING LTD (REGISTERED NUMBER: 08672709)

BALANCE SHEET - continued
31 JULY 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 15 November 2024 and were signed by:





K I Maynard - Director


APEX EDUCATION TRAINING LTD (REGISTERED NUMBER: 08672709)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024


1. STATUTORY INFORMATION

Apex Education Training Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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. 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 presentation and disclosure requirements of Section 1A applicable to small companies, and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured as the fair value of the consideration received or receivable from the sale of goods or exchange of services, excluding discounts, rebates, value added tax and other sales taxes.

Rendering of services

The percentage of completion method is used to calculate the turnover recognised at the period end.

Turnover from the rendering of services is recognised when all of the following conditions are satisfied:

- the amount of turnover can be measured reliably;
- it is probable that the economic benefits associated with the transaction will flow to the entity;
- the stage of completion of the transaction at the end of the reporting period can be measured reliably; and
- the costs incurred for the transaction and the costs to complete the transaction can be measured reliably

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance


APEX EDUCATION TRAINING LTD (REGISTERED NUMBER: 08672709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


3. ACCOUNTING POLICIES - continued
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 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2023 - 72 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 August 2023 7,508 17,112 24,620
Additions 2,082 933 3,015
At 31 July 2024 9,590 18,045 27,635
DEPRECIATION
At 1 August 2023 4,580 11,697 16,277
Charge for year 1,252 1,587 2,839
At 31 July 2024 5,832 13,284 19,116
NET BOOK VALUE
At 31 July 2024 3,758 4,761 8,519
At 31 July 2023 2,928 5,415 8,343

APEX EDUCATION TRAINING LTD (REGISTERED NUMBER: 08672709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 August 2023 17,112
Transfer to ownership (17,112 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 11,697
Charge for year 1,354
Transfer to ownership (13,051 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 5,415

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 48,987 50,006
Other debtors 6,543 9,638
55,530 59,644

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts - 1,881
Trade creditors - 18
Taxation and social security 74,810 53,054
Other creditors 61,273 47,231
136,083 102,184

8. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £9,597 (2023 - £6,597).

APEX EDUCATION TRAINING LTD (REGISTERED NUMBER: 08672709)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024


9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
K I Maynard
Balance outstanding at start of year (20,826 ) (22,774 )
Amounts advanced 576 3,676
Amounts repaid (11,728 ) (1,728 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (31,978 ) (20,826 )

The loan from the director to the company is unsecured and repayable on demand. Interest is charged at a rate of 12% per annum.