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REGISTERED NUMBER: 08537827 (England and Wales)














A P C DRISCOLL TRADING LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024






A P C DRISCOLL TRADING LTD (REGISTERED NUMBER: 08537827)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024










Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 5


A P C DRISCOLL TRADING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTOR: Mr A P C Driscoll





SECRETARY: Mrs L J Driscoll





REGISTERED OFFICE: 4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN





REGISTERED NUMBER: 08537827 (England and Wales)





ACCOUNTANTS: Marsh Accounting Limited
Chartered Accountants
4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
A P C DRISCOLL TRADING LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A P C Driscoll Trading Ltd for the year ended 31 May 2024 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of A P C Driscoll Trading Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A P C Driscoll Trading Ltd and state those matters that we have agreed to state to the director of A P C Driscoll Trading Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A P C Driscoll Trading Ltd and its director for our work or for this report.

It is your duty to ensure that A P C Driscoll Trading Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of A P C Driscoll Trading Ltd. You consider that A P C Driscoll Trading Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A P C Driscoll Trading Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Marsh Accounting Limited
Chartered Accountants
4 Cornfield Terrace
Eastbourne
East Sussex
BN21 4NN


Date: .............................................

A P C DRISCOLL TRADING LTD (REGISTERED NUMBER: 08537827)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 15,244 6,130

CURRENT ASSETS
Stocks 133,009 287,406
Debtors 6 39,216 -
Cash at bank 636,847 576,720
809,072 864,126
CREDITORS
Amounts falling due within one year 7 205,480 240,787
NET CURRENT ASSETS 603,592 623,339
TOTAL ASSETS LESS CURRENT LIABILITIES 618,836 629,469

CREDITORS
Amounts falling due after more than one
year

8

(10,833

)

(20,833

)

PROVISIONS FOR LIABILITIES (4,040 ) (1,624 )
NET ASSETS 603,963 607,012

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 603,863 606,912
SHAREHOLDERS' FUNDS 603,963 607,012

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

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

The director acknowledges his 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.

A P C DRISCOLL TRADING LTD (REGISTERED NUMBER: 08537827)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 January 2025 and were signed by:





Mr A P C Driscoll - Director


A P C DRISCOLL TRADING LTD (REGISTERED NUMBER: 08537827)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024


1. STATUTORY INFORMATION

A P C Driscoll Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Revenue from the sale of goods is recognised when all the following conditions are satisfied:

-The Company has transferred to the buyer the significant risks and rewards of ownership of the goods;
-The Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
-The amount of revenue can be measured reliably;
-It is probable that the economic benefits associated with the transaction will flow to the Company; and
-The costs incurred or to be incurred in respect of the transaction can be measured reliably

Specifically, revenue from the sale of goods is recognised when they physically leave the premises to be delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33.33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.


A P C DRISCOLL TRADING LTD (REGISTERED NUMBER: 08537827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


3. ACCOUNTING POLICIES - continued
Taxation
Taxation represents the sum of the tax currently payable and deferred tax.

The company's liability to tax is calculated using the tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of the assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period to which the liability is settled or the asset realised, based on tax rates and laws that have been enacted or substantively enacted by the end of the reporting period.

4. EMPLOYEES AND DIRECTORS

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

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 June 2023 20,345 12,922 4,895 38,162
Additions 15,000 - - 15,000
At 31 May 2024 35,345 12,922 4,895 53,162
DEPRECIATION
At 1 June 2023 17,494 10,447 4,091 32,032
Charge for year 4,463 619 804 5,886
At 31 May 2024 21,957 11,066 4,895 37,918
NET BOOK VALUE
At 31 May 2024 13,388 1,856 - 15,244
At 31 May 2023 2,851 2,475 804 6,130

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 39,216 -

A P C DRISCOLL TRADING LTD (REGISTERED NUMBER: 08537827)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 52 12
Taxation and social security - 35,669
Other creditors 195,428 195,106
205,480 240,787

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 10,833 20,833

9. RELATED PARTY DISCLOSURES

The balance at the year end due to the director Mr A P C Driscoll was £194,348 (2023 - £193,649).