Registered number
08426882
APCO Electrical Limited
Filleted Accounts
31 March 2024
APCO Electrical Limited
Registered number: 08426882
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Stocks 3,900 3,500
Debtors 4 104,909 112,010
Cash at bank and in hand 31,978 31,227
140,787 146,737
Creditors: amounts falling due within one year 5 (107,821) (81,293)
Net current assets 32,966 65,444
Total assets less current liabilities 32,966 65,444
Creditors: amounts falling due after more than one year 6 (15,606) (36,187)
Net assets 17,360 29,257
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,260 29,157
Shareholders' funds 17,360 29,257
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
P O'Donnell
Director
Approved by the board on 11 September 2024
APCO Electrical Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery Motor vehicles Total
£ £ £
Cost
At 1 April 2023 18,348 23,800 42,148
At 31 March 2024 18,348 23,800 42,148
Depreciation
At 1 April 2023 18,348 23,800 42,148
At 31 March 2024 18,348 23,800 42,148
Net book value
At 31 March 2024 - - -
4 Debtors 2024 2023
£ £
Trade debtors 74,739 82,010
Amounts owed by group undertakings and undertakings in which the company has a participating interest 30,000 30,000
Other debtors 170 -
104,909 112,010
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 30,409 2,244
Corporation tax 11,283 11,314
Other taxes and social security costs - 2,666
Other creditors 66,129 65,069
107,821 81,293
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 15,204 31,514
Other creditors 402 4,673
15,606 36,187
7 Other information
APCO Electrical Limited is a private company limited by shares and incorporated in England. Its registered office is:
296 Clipsley Lane
Haydock
St Helens
Merseyside
WA11 0JQ
APCO Electrical Limited 08426882 false 2023-04-01 2024-03-31 2024-03-31 VT Final Accounts April 2024 P O'Donnell No description of principal activity 08426882 2022-04-01 2023-03-31 08426882 core:WithinOneYear 2023-03-31 08426882 core:AfterOneYear 2023-03-31 08426882 core:ShareCapital 2023-03-31 08426882 core:RetainedEarningsAccumulatedLosses 2023-03-31 08426882 2023-04-01 2024-03-31 08426882 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08426882 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08426882 bus:Director40 2023-04-01 2024-03-31 08426882 1 2023-04-01 2024-03-31 08426882 2 2023-04-01 2024-03-31 08426882 countries:England 2023-04-01 2024-03-31 08426882 bus:FRS102 2023-04-01 2024-03-31 08426882 bus:FilletedAccounts 2023-04-01 2024-03-31 08426882 2024-03-31 08426882 core:WithinOneYear 2024-03-31 08426882 core:AfterOneYear 2024-03-31 08426882 core:ShareCapital 2024-03-31 08426882 core:RetainedEarningsAccumulatedLosses 2024-03-31 08426882 core:PlantMachinery 2024-03-31 08426882 core:Vehicles 2024-03-31 08426882 2023-03-31 08426882 core:PlantMachinery 2023-03-31 08426882 core:Vehicles 2023-03-31 iso4217:GBP xbrli:pure