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REGISTERED NUMBER: 13573383 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

APEX GEOTECHNICAL SERVICES LTD

APEX GEOTECHNICAL SERVICES LTD (REGISTERED NUMBER: 13573383)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APEX GEOTECHNICAL SERVICES LTD

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTORS: Ms R Moran
A Watkins





REGISTERED OFFICE: Bank Gallery
13 High Street
Kenilworth
Warwickshire
CV8 1LY





REGISTERED NUMBER: 13573383 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Bank Gallery
High Street
Kenilworth
Warwickshire
CV8 1LY

APEX GEOTECHNICAL SERVICES LTD (REGISTERED NUMBER: 13573383)

BALANCE SHEET
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 12,103 20,606

CURRENT ASSETS
Debtors 5 11,841 4,399
Cash at bank 3,409 3,774
15,250 8,173
CREDITORS
Amounts falling due within one year 6 16,170 11,191
NET CURRENT LIABILITIES (920 ) (3,018 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,183

17,588

CREDITORS
Amounts falling due after more than one
year

7

(8,782

)

(13,572

)

PROVISIONS FOR LIABILITIES (2,300 ) (3,915 )
NET ASSETS 101 101

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1 1
101 101

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

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

The directors acknowledge their 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 GEOTECHNICAL SERVICES LTD (REGISTERED NUMBER: 13573383)

BALANCE SHEET - continued
31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 October 2024 and were signed on its behalf by:





A Watkins - Director


APEX GEOTECHNICAL SERVICES LTD (REGISTERED NUMBER: 13573383)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024


1. STATUTORY INFORMATION

Apex Geotechnical Services 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.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Tools and equipment - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

APEX GEOTECHNICAL SERVICES LTD (REGISTERED NUMBER: 13573383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Tools and Motor Computer
equipment vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 412 35,024 4,603 40,039
Additions - - 2,009 2,009
At 31 August 2024 412 35,024 6,612 42,048
DEPRECIATION
At 1 September 2023 206 17,512 1,715 19,433
Charge for year 103 8,756 1,653 10,512
At 31 August 2024 309 26,268 3,368 29,945
NET BOOK VALUE
At 31 August 2024 103 8,756 3,244 12,103
At 31 August 2023 206 17,512 2,888 20,606

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 September 2023
and 31 August 2024 35,024
DEPRECIATION
At 1 September 2023 17,512
Charge for year 8,756
At 31 August 2024 26,268
NET BOOK VALUE
At 31 August 2024 8,756
At 31 August 2023 17,512

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,065
Other debtors 11,841 3,334
11,841 4,399

APEX GEOTECHNICAL SERVICES LTD (REGISTERED NUMBER: 13573383)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 4,790 4,790
Taxation and social security 11,380 5,287
Other creditors - 1,114
16,170 11,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 8,782 13,572

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 13,572 18,362

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
A Watkins
Balance outstanding at start of year 2,745 -
Amounts advanced 10,277 2,745
Amounts repaid (2,745 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 10,277 2,745

Ms R Moran
Balance outstanding at start of year 589 -
Amounts advanced 1,564 589
Amounts repaid (589 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 1,564 589

10. CONTROLLING PARTY

The controlling party is A Watkins.