Silverfin false false 31/01/2024 01/02/2023 31/01/2024 Adrian Hoose 04/01/2011 Jack Edward Hoose 08/05/2014 Thomas Edmund Roskams 10/01/2020 16 January 2025 The principal activity during the year was that of being a wholesaler of alcoholic beverages. 07481645 2024-01-31 07481645 bus:Director1 2024-01-31 07481645 bus:Director2 2024-01-31 07481645 bus:Director3 2024-01-31 07481645 2023-01-31 07481645 core:CurrentFinancialInstruments 2024-01-31 07481645 core:CurrentFinancialInstruments 2023-01-31 07481645 core:Non-currentFinancialInstruments 2024-01-31 07481645 core:Non-currentFinancialInstruments 2023-01-31 07481645 core:ShareCapital 2024-01-31 07481645 core:ShareCapital 2023-01-31 07481645 core:SharePremium 2024-01-31 07481645 core:SharePremium 2023-01-31 07481645 core:RetainedEarningsAccumulatedLosses 2024-01-31 07481645 core:RetainedEarningsAccumulatedLosses 2023-01-31 07481645 core:OtherPropertyPlantEquipment 2023-01-31 07481645 core:OtherPropertyPlantEquipment 2024-01-31 07481645 2022-01-31 07481645 bus:OrdinaryShareClass1 2024-01-31 07481645 bus:OrdinaryShareClass2 2024-01-31 07481645 bus:OrdinaryShareClass3 2024-01-31 07481645 bus:OrdinaryShareClass4 2024-01-31 07481645 2023-02-01 2024-01-31 07481645 bus:FilletedAccounts 2023-02-01 2024-01-31 07481645 bus:SmallEntities 2023-02-01 2024-01-31 07481645 bus:AuditExemptWithAccountantsReport 2023-02-01 2024-01-31 07481645 bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07481645 bus:Director1 2023-02-01 2024-01-31 07481645 bus:Director2 2023-02-01 2024-01-31 07481645 bus:Director3 2023-02-01 2024-01-31 07481645 core:OtherPropertyPlantEquipment core:BottomRangeValue 2023-02-01 2024-01-31 07481645 core:OtherPropertyPlantEquipment core:TopRangeValue 2023-02-01 2024-01-31 07481645 2022-02-01 2023-01-31 07481645 core:OtherPropertyPlantEquipment 2023-02-01 2024-01-31 07481645 core:Non-currentFinancialInstruments 2023-02-01 2024-01-31 07481645 bus:OrdinaryShareClass1 2023-02-01 2024-01-31 07481645 bus:OrdinaryShareClass1 2022-02-01 2023-01-31 07481645 bus:OrdinaryShareClass2 2023-02-01 2024-01-31 07481645 bus:OrdinaryShareClass2 2022-02-01 2023-01-31 07481645 bus:OrdinaryShareClass3 2023-02-01 2024-01-31 07481645 bus:OrdinaryShareClass3 2022-02-01 2023-01-31 07481645 bus:OrdinaryShareClass4 2023-02-01 2024-01-31 07481645 bus:OrdinaryShareClass4 2022-02-01 2023-01-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 07481645 (England and Wales)

A.P. CLAXTON LTD

Unaudited Financial Statements
For the financial year ended 31 January 2024
Pages for filing with the registrar

A.P. CLAXTON LTD

Unaudited Financial Statements

For the financial year ended 31 January 2024

Contents

A.P. CLAXTON LTD

COMPANY INFORMATION

For the financial year ended 31 January 2024
A.P. CLAXTON LTD

COMPANY INFORMATION (continued)

For the financial year ended 31 January 2024
DIRECTORS Adrian Hoose
Jack Edward Hoose
Thomas Edmund Roskams
REGISTERED OFFICE Administration Office The Racecourse
Boroughbridge Road
Ripon
HG4 1UG
United Kingdom
COMPANY NUMBER 07481645 (England and Wales)
ACCOUNTANT Morrell Middleton Auditors Ltd
Chartered Certified Accountants
Wellington House
Aviator Court
York
YO30 4UZ
A.P. CLAXTON LTD

BALANCE SHEET

As at 31 January 2024
A.P. CLAXTON LTD

BALANCE SHEET (continued)

As at 31 January 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 444,956 215,954
444,956 215,954
Current assets
Stocks 4 1,137,009 1,081,021
Debtors 5 599,515 349,339
Cash at bank and in hand 6 70,984 110,447
1,807,508 1,540,807
Creditors: amounts falling due within one year 7 ( 1,485,795) ( 686,130)
Net current assets 321,713 854,677
Total assets less current liabilities 766,669 1,070,631
Creditors: amounts falling due after more than one year 8 ( 564,787) ( 772,732)
Provision for liabilities 9 ( 84,541) ( 41,031)
Net assets 117,341 256,868
Capital and reserves
Called-up share capital 10 500 500
Share premium account 5,950 5,950
Profit and loss account 110,891 250,418
Total shareholders' funds 117,341 256,868

For the financial year ending 31 January 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of A.P. Claxton Ltd (registered number: 07481645) were approved and authorised for issue by the Board of Directors on 16 January 2025. They were signed on its behalf by:

Thomas Edmund Roskams
Director
A.P. CLAXTON LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
A.P. CLAXTON LTD

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 January 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

A.P. Claxton Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Administration Office The Racecourse, Boroughbridge Road, Ripon, HG4 1UG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 3 - 4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 13 11

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 February 2023 495,515 495,515
Additions 450,730 450,730
At 31 January 2024 946,245 946,245
Accumulated depreciation
At 01 February 2023 279,561 279,561
Charge for the financial year 221,728 221,728
At 31 January 2024 501,289 501,289
Net book value
At 31 January 2024 444,956 444,956
At 31 January 2023 215,954 215,954

4. Stocks

2024 2023
£ £
Stocks 1,137,009 1,081,021

5. Debtors

2024 2023
£ £
Trade debtors 361,101 238,403
Other debtors 238,414 110,936
599,515 349,339

6. Cash and cash equivalents

2024 2023
£ £
Cash at bank and in hand 70,984 110,447

7. Creditors: amounts falling due within one year

2024 2023
£ £
Bank loans 461,940 199,931
Trade creditors 876,762 308,919
Taxation and social security 25,304 64,407
Obligations under finance leases and hire purchase contracts 5,093 5,682
Other creditors 116,696 107,191
1,485,795 686,130

8. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 525,657 730,764
Obligations under finance leases and hire purchase contracts 39,130 41,968
564,787 772,732

There are no amounts included above in respect of which any security has been given by the small entity.

9. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 41,031) ( 40,057)
Charged to the Statement of Income and Retained Earnings ( 43,510) ( 974)
At the end of financial year ( 84,541) ( 41,031)

10. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
270 Ordinary A shares of £ 1.00 each 270 270
120 Ordinary B shares of £ 1.00 each 120 120
90 Ordinary C shares of £ 1.00 each 90 90
20 Ordinary D shares of £ 1.00 each 20 20
500 500