Registered number
SC713486
AP Certs Ltd
22 Preston Street
Glasgow
Filleted Accounts
for the year ended 31 March 2024
Yousaf & Co Ltd
Chartered Certified Accountants
Registered Auditors
298-300 Maxwell Road
Glasgow
G41 1PJ
Ref:A359/TG
AP Certs Ltd
Registered number: SC713486
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,757 1,952
Current assets
Debtors 4 42,589 22,840
Cash at bank and in hand 2,222 3,945
44,811 26,785
Creditors: amounts falling due within one year 5 (9,864) (3,102)
Net current assets 34,947 23,683
Total assets less current liabilities 36,704 25,635
Creditors: amounts falling due after more than one year 6 (17,261) (11,319)
Net assets 19,443 14,316
Capital and reserves
Called up share capital 1 1
Profit and loss account 19,442 14,315
Shareholder's funds 19,443 14,316
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mohammed Zubair Inwar
Director
Approved by the board on 24 July 2024
AP Certs Ltd
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, gross 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:
Fixtures, fittings, tools and equipment 10% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixture & fittings
£
Cost
At 1 April 2023 2,410
At 31 March 2024 2,410
Depreciation
At 1 April 2023 458
Charge for the year 195
At 31 March 2024 653
Net book value
At 31 March 2024 1,757
At 31 March 2023 1,952
4 Debtors 2024 2023
£ £
Trade debtors 40,439 22,840
Other debtors 2,150 -
42,589 22,840
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 2,833 1,662
Other creditors 7,031 1,440
9,864 3,102
6 Creditors: amounts falling due after one year 2024 2023
£ £
Director's loan account 17,261 11,319
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