2023-04-012024-03-312024-03-31false04788756APL ELECTRICAL LIMITED2024-12-20falseiso4217:GBPxbrli:pure047887562023-04-01047887562024-03-31047887562023-04-012024-03-31047887562022-04-01047887562023-03-31047887562022-04-012023-03-3104788756bus:SmallEntities2023-04-012024-03-3104788756bus:AuditExempt-NoAccountantsReport2023-04-012024-03-3104788756bus:FullAccounts2023-04-012024-03-3104788756bus:PrivateLimitedCompanyLtd2023-04-012024-03-3104788756core:WithinOneYear2024-03-3104788756core:AfterOneYear2024-03-3104788756core:WithinOneYear2023-03-3104788756core:AfterOneYear2023-03-3104788756core:ShareCapital2024-03-3104788756core:SharePremium2024-03-3104788756core:RevaluationReserve2024-03-3104788756core:OtherReservesSubtotal2024-03-3104788756core:RetainedEarningsAccumulatedLosses2024-03-3104788756core:ShareCapital2023-03-3104788756core:SharePremium2023-03-3104788756core:RevaluationReserve2023-03-3104788756core:OtherReservesSubtotal2023-03-3104788756core:RetainedEarningsAccumulatedLosses2023-03-3104788756core:LandBuildings2024-03-3104788756core:PlantMachinery2024-03-3104788756core:Vehicles2024-03-3104788756core:FurnitureFittings2024-03-3104788756core:OfficeEquipment2024-03-3104788756core:NetGoodwill2024-03-3104788756core:IntangibleAssetsOtherThanGoodwill2024-03-3104788756core:ListedExchangeTraded2024-03-3104788756core:UnlistedNon-exchangeTraded2024-03-3104788756core:LandBuildings2023-03-3104788756core:PlantMachinery2023-03-3104788756core:Vehicles2023-03-3104788756core:FurnitureFittings2023-03-3104788756core:OfficeEquipment2023-03-3104788756core:NetGoodwill2023-03-3104788756core:IntangibleAssetsOtherThanGoodwill2023-03-3104788756core:ListedExchangeTraded2023-03-3104788756core:UnlistedNon-exchangeTraded2023-03-3104788756core:LandBuildings2023-04-012024-03-3104788756core:PlantMachinery2023-04-012024-03-3104788756core:Vehicles2023-04-012024-03-3104788756core:FurnitureFittings2023-04-012024-03-3104788756core:OfficeEquipment2023-04-012024-03-3104788756core:NetGoodwill2023-04-012024-03-3104788756core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104788756core:ListedExchangeTraded2023-04-012024-03-3104788756core:UnlistedNon-exchangeTraded2023-04-012024-03-3104788756core:MoreThanFiveYears2023-04-012024-03-3104788756core:Non-currentFinancialInstruments2024-03-3104788756core:Non-currentFinancialInstruments2023-03-3104788756dpl:CostSales2023-04-012024-03-3104788756dpl:DistributionCosts2023-04-012024-03-3104788756core:LandBuildings2023-04-012024-03-3104788756core:PlantMachinery2023-04-012024-03-3104788756core:Vehicles2023-04-012024-03-3104788756core:FurnitureFittings2023-04-012024-03-3104788756core:OfficeEquipment2023-04-012024-03-3104788756dpl:AdministrativeExpenses2023-04-012024-03-3104788756core:NetGoodwill2023-04-012024-03-3104788756core:IntangibleAssetsOtherThanGoodwill2023-04-012024-03-3104788756dpl:GroupUndertakings2023-04-012024-03-3104788756dpl:ParticipatingInterests2023-04-012024-03-3104788756dpl:GroupUndertakingscore:ListedExchangeTraded2023-04-012024-03-3104788756core:ListedExchangeTraded2023-04-012024-03-3104788756dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-04-012024-03-3104788756core:UnlistedNon-exchangeTraded2023-04-012024-03-3104788756dpl:CostSales2022-04-012023-03-3104788756dpl:DistributionCosts2022-04-012023-03-3104788756core:LandBuildings2022-04-012023-03-3104788756core:PlantMachinery2022-04-012023-03-3104788756core:Vehicles2022-04-012023-03-3104788756core:FurnitureFittings2022-04-012023-03-3104788756core:OfficeEquipment2022-04-012023-03-3104788756dpl:AdministrativeExpenses2022-04-012023-03-3104788756core:NetGoodwill2022-04-012023-03-3104788756core:IntangibleAssetsOtherThanGoodwill2022-04-012023-03-3104788756dpl:GroupUndertakings2022-04-012023-03-3104788756dpl:ParticipatingInterests2022-04-012023-03-3104788756dpl:GroupUndertakingscore:ListedExchangeTraded2022-04-012023-03-3104788756core:ListedExchangeTraded2022-04-012023-03-3104788756dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-04-012023-03-3104788756core:UnlistedNon-exchangeTraded2022-04-012023-03-3104788756core:NetGoodwill2024-03-3104788756core:IntangibleAssetsOtherThanGoodwill2024-03-3104788756core:LandBuildings2024-03-3104788756core:PlantMachinery2024-03-3104788756core:Vehicles2024-03-3104788756core:FurnitureFittings2024-03-3104788756core:OfficeEquipment2024-03-3104788756core:AfterOneYear2024-03-3104788756core:WithinOneYear2024-03-3104788756core:ListedExchangeTraded2024-03-3104788756core:UnlistedNon-exchangeTraded2024-03-3104788756core:ShareCapital2024-03-3104788756core:SharePremium2024-03-3104788756core:RevaluationReserve2024-03-3104788756core:OtherReservesSubtotal2024-03-3104788756core:RetainedEarningsAccumulatedLosses2024-03-3104788756core:NetGoodwill2023-03-3104788756core:IntangibleAssetsOtherThanGoodwill2023-03-3104788756core:LandBuildings2023-03-3104788756core:PlantMachinery2023-03-3104788756core:Vehicles2023-03-3104788756core:FurnitureFittings2023-03-3104788756core:OfficeEquipment2023-03-3104788756core:AfterOneYear2023-03-3104788756core:WithinOneYear2023-03-3104788756core:ListedExchangeTraded2023-03-3104788756core:UnlistedNon-exchangeTraded2023-03-3104788756core:ShareCapital2023-03-3104788756core:SharePremium2023-03-3104788756core:RevaluationReserve2023-03-3104788756core:OtherReservesSubtotal2023-03-3104788756core:RetainedEarningsAccumulatedLosses2023-03-3104788756core:NetGoodwill2022-04-0104788756core:IntangibleAssetsOtherThanGoodwill2022-04-0104788756core:LandBuildings2022-04-0104788756core:PlantMachinery2022-04-0104788756core:Vehicles2022-04-0104788756core:FurnitureFittings2022-04-0104788756core:OfficeEquipment2022-04-0104788756core:AfterOneYear2022-04-0104788756core:WithinOneYear2022-04-0104788756core:ListedExchangeTraded2022-04-0104788756core:UnlistedNon-exchangeTraded2022-04-0104788756core:ShareCapital2022-04-0104788756core:SharePremium2022-04-0104788756core:RevaluationReserve2022-04-0104788756core:OtherReservesSubtotal2022-04-0104788756core:RetainedEarningsAccumulatedLosses2022-04-0104788756core:AfterOneYear2023-04-012024-03-3104788756core:WithinOneYear2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:CostValuation2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-04-012024-03-3104788756core:Non-currentFinancialInstrumentscore:CostValuation2024-03-3104788756core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-03-3104788756core:Non-currentFinancialInstrumentscore:CostValuation2023-03-3104788756core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-03-3104788756core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-03-3104788756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-03-3104788756core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-03-3104788756core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-03-3104788756core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-03-3104788756core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-03-3104788756core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-03-3104788756bus:Director12023-04-012024-03-31

APL ELECTRICAL LIMITED

Registered Number
04788756
(England and Wales)

Unaudited Financial Statements for the Year ended
31 March 2024

APL ELECTRICAL LIMITED
Company Information
for the year from 1 April 2023 to 31 March 2024

Director

LAND, Andrew Paul

Company Secretary

LAND, Aline

Registered Address

8 Lydgate Place
Calverley
Leeds
LS28 5RW

Registered Number

04788756 (England and Wales)
APL ELECTRICAL LIMITED
Statement of Financial Position
31 March 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Intangible assets3-1,250
Tangible assets522,49828,484
22,49829,734
Current assets
Stocks64,5004,500
Debtors735,27435,978
Cash at bank and on hand29,87830,453
69,65270,931
Creditors amounts falling due within one year8(50,637)(38,127)
Net current assets (liabilities)19,01532,804
Total assets less current liabilities41,51362,538
Creditors amounts falling due after one year9(4,989)(8,139)
Provisions for liabilities11(5,625)(5,412)
Net assets30,89948,987
Capital and reserves
Called up share capital22
Profit and loss account30,89748,985
Shareholders' funds30,89948,987
The financial statements were approved and authorised for issue by the Director on 20 December 2024, and are signed on its behalf by:
LAND, Andrew Paul
Director
Registered Company No. 04788756
APL ELECTRICAL LIMITED
Notes to the Financial Statements
for the year ended 31 March 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.
Basis of preparation
The financial statements have been prepared under the historical cost convention on a going concern basis unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
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/or 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.
Employee benefits
The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further obligation. Contributions to defined contribution plans are expensed in the period to which they relate. Amounts not paid are shown in accruals in the Statement of Financial Position. The assets of the plan are held separately from the company in independently administered funds.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Intangible assets
Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. The assets residual values, useful lives and depreciation methods are reviewed and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposal are determined by comparing the proceeds with the carrying amount and are recognised in the Income Statement Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery153
Vehicles25-
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the Statement of Financial Position. They are depreciated over the shorter of their useful lives or the term of the lease. All other lease arrangements are classified as an operating lease Payments made under operating leases are charged to the Income Statement on a straight line basis over the lease term.
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete the sale. The impairment loss is recognised immediately in the Income Statement
Financial instruments
The company enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
2.Average number of employees

20242023
Average number of employees during the year22
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 April 2325,00025,000
At 31 March 2425,00025,000
Amortisation and impairment
At 01 April 2323,75023,750
Charge for year1,2501,250
At 31 March 2425,00025,000
Net book value
At 31 March 24--
At 31 March 231,2501,250
4.Useful life of intangible assets
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 20 years.
5.Tangible fixed assets

Plant & machinery

Vehicles

Total

£££
Cost or valuation
At 01 April 235,76430,21535,979
Additions1,205-1,205
At 31 March 246,96930,21537,184
Depreciation and impairment
At 01 April 234,3473,1487,495
Charge for year4236,7687,191
At 31 March 244,7709,91614,686
Net book value
At 31 March 242,19920,29922,498
At 31 March 231,41727,06728,484
6.Stocks
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete). At each date of Statement of Financial Position, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to completed the sale. The impairment loss is recognised immediately in the Income Statement.

2024

2023

££
Raw materials and consumables2,0002,000
Work in progress2,5002,500
Total4,5004,500
7.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables34,24828,651
Other debtors-6,533
Prepayments and accrued income1,026794
Total35,27435,978
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 liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
8.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables8,1573,769
Taxation and social security17,87212,099
Finance lease and HP contracts3,1513,151
Other creditors21,45719,108
Total50,63738,127
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.
9.Creditors: amounts due after one year

2024

2023

££
Other creditors4,9898,139
Total4,9898,139
10.Obligations under finance leases

2024

2023

££
Finance lease and HP contracts4,9898,139
Hire purchase contracts equal to £8,139, (2023 - £11,290) are included within other creditors and are secured against the assets to which they relate.
11.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)5,6255,412
Total5,6255,412
12.Directors advances, credits and guarantees
On 1 April 2023 the director owed the company £6,533. During the period this director was advanced a further £72,795 and repaid £80,854. As at 31 March 2024 the company owed the director £1,526. No interest was charged and the loan is repayable on demand. During the year dividends of £58,000 was paid to the directors.