Acorah Software Products - Accounts Production 16.1.300 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 08058046 Mrs Dipali Chavan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08058046 2023-04-30 08058046 2024-04-30 08058046 2023-05-01 2024-04-30 08058046 frs-core:Non-currentFinancialInstruments 2024-04-30 08058046 frs-core:BetweenOneFiveYears 2024-04-30 08058046 frs-core:ComputerEquipment 2023-05-01 2024-04-30 08058046 frs-core:FurnitureFittings 2023-05-01 2024-04-30 08058046 frs-core:WithinOneYear 2024-04-30 08058046 frs-core:ShareCapital 2024-04-30 08058046 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 08058046 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 08058046 frs-bus:AbridgedAccounts 2023-05-01 2024-04-30 08058046 frs-bus:SmallEntities 2023-05-01 2024-04-30 08058046 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 08058046 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 08058046 frs-bus:Director1 2023-05-01 2024-04-30 08058046 frs-countries:EnglandWales 2023-05-01 2024-04-30 08058046 2022-04-30 08058046 2023-04-30 08058046 2022-05-01 2023-04-30 08058046 frs-core:Non-currentFinancialInstruments 2023-04-30 08058046 frs-core:BetweenOneFiveYears 2023-04-30 08058046 frs-core:WithinOneYear 2023-04-30 08058046 frs-core:ShareCapital 2023-04-30 08058046 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 08058046
Apex Convenience Stores Ltd
Unaudited ABRIDGED Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08058046
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 31,749 15,105
31,749 15,105
CURRENT ASSETS
Stocks 68,500 105,000
Debtors 1,163 -
Cash at bank and in hand 6,785 14,861
76,448 119,861
Creditors: Amounts Falling Due Within One Year (73,568 ) (128,158 )
NET CURRENT ASSETS (LIABILITIES) 2,880 (8,297 )
TOTAL ASSETS LESS CURRENT LIABILITIES 34,629 6,808
Creditors: Amounts Falling Due After More Than One Year (25,476 ) -
NET ASSETS 9,153 6,808
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 9,053 6,708
SHAREHOLDERS' FUNDS 9,153 6,808
Page 1
Page 2
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 30 April 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mrs Dipali Chavan
Director
29/05/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Apex Convenience Stores Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 08058046 . The registered office is 16 Station Parade, Eastbourne, East Sussex, BN21 1BE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 10% Reducing balance
Computer Equipment 10% Reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.5. Stocks and Work in Progress
Stocks  are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.
2.6. Financial Instruments
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.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
Page 3
Page 4
4. Tangible Assets
Total
£
Cost
As at 1 May 2023 35,334
Additions 20,324
As at 30 April 2024 55,658
Depreciation
As at 1 May 2023 20,229
Provided during the period 3,680
As at 30 April 2024 23,909
Net Book Value
As at 30 April 2024 31,749
As at 1 May 2023 15,105
5. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 6,606 -
Later than one year and not later than five years 21,142 -
27,748 -
Less: Finance charges allocated to future periods 6,606 -
21,142 -
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Related Party Transactions
At the balance sheet date, the company owed 24,132 (2023 -£17,120.94) to Mr D Chavan, the director. 
Page 4