IRIS Accounts Production v24.3.0.553 06861850 director 29.10.22 28.10.23 28.10.23 0 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068618502022-10-28068618502023-10-28068618502022-10-292023-10-28068618502021-10-28068618502021-10-292022-10-28068618502022-10-2806861850ns15:EnglandWales2022-10-292023-10-2806861850ns14:PoundSterling2022-10-292023-10-2806861850ns10:Director12022-10-292023-10-2806861850ns10:PrivateLimitedCompanyLtd2022-10-292023-10-2806861850ns10:SmallEntities2022-10-292023-10-2806861850ns10:AuditExempt-NoAccountantsReport2022-10-292023-10-2806861850ns10:SmallCompaniesRegimeForDirectorsReport2022-10-292023-10-2806861850ns10:SmallCompaniesRegimeForAccounts2022-10-292023-10-2806861850ns10:FullAccounts2022-10-292023-10-280686185012022-10-292023-10-2806861850ns10:Director22022-10-292023-10-2806861850ns10:RegisteredOffice2022-10-292023-10-2806861850ns5:CurrentFinancialInstruments2023-10-2806861850ns5:CurrentFinancialInstruments2022-10-2806861850ns5:Non-currentFinancialInstruments2023-10-2806861850ns5:Non-currentFinancialInstruments2022-10-2806861850ns5:ShareCapital2023-10-2806861850ns5:ShareCapital2022-10-2806861850ns5:RetainedEarningsAccumulatedLosses2023-10-2806861850ns5:RetainedEarningsAccumulatedLosses2022-10-2806861850ns5:NetGoodwill2022-10-292023-10-2806861850ns5:IntangibleAssetsOtherThanGoodwill2022-10-292023-10-2806861850ns5:NetGoodwill2022-10-2806861850ns5:NetGoodwill2023-10-2806861850ns5:NetGoodwill2022-10-2806861850ns5:PlantMachinery2022-10-2806861850ns5:PlantMachinery2023-10-2806861850ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-10-2806861850ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-10-2806861850ns10:Director222022-10-2806861850ns10:Director222021-10-2806861850ns10:Director222022-10-292023-10-2806861850ns10:Director222021-10-292022-10-2806861850ns10:Director222023-10-2806861850ns10:Director222022-10-28
REGISTERED NUMBER: 06861850 (England and Wales)















Financial Statements for the Year Ended 28 October 2023

for

APFS Ltd

APFS Ltd (Registered number: 06861850)






Contents of the Financial Statements
for the Year Ended 28 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


APFS Ltd

Company Information
for the Year Ended 28 October 2023







DIRECTOR: Mrs E Ludden





REGISTERED OFFICE: 116 Duke Street
Liverpool
Merseyside
L1 5JW





REGISTERED NUMBER: 06861850 (England and Wales)





ACCOUNTANTS: Cobham Murphy
116 Duke Street
Liverpool
Merseyside
L1 5JW

APFS Ltd (Registered number: 06861850)

Balance Sheet
28 October 2023

28.10.23 28.10.22
Notes £    £   
CURRENT ASSETS
Debtors 6 66,372 52,527
Cash at bank and in hand 335 3,494
66,707 56,021
CREDITORS
Amounts falling due within one year 7 43,051 42,564
NET CURRENT ASSETS 23,656 13,457
TOTAL ASSETS LESS CURRENT
LIABILITIES

23,656

13,457

CREDITORS
Amounts falling due after more than one
year

8

28,509

30,833
NET LIABILITIES (4,853 ) (17,376 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (4,953 ) (17,476 )
SHAREHOLDERS' FUNDS (4,853 ) (17,376 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 28 October 2024 and were signed by:





T Ludden - Director


APFS Ltd (Registered number: 06861850)

Notes to the Financial Statements
for the Year Ended 28 October 2023

1. STATUTORY INFORMATION

APFS 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. 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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable on plastering and flooring services, excluding discounts, rebates, value added tax and other sales taxes.Revenue is recognised as the services are completed.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2015, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Financial instruments
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method.

Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

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


APFS Ltd (Registered number: 06861850)

Notes to the Financial Statements - continued
for the Year Ended 28 October 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - 1 ).

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 29 October 2022
and 28 October 2023 66,000
AMORTISATION
At 29 October 2022
and 28 October 2023 66,000
NET BOOK VALUE
At 28 October 2023 -
At 28 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 29 October 2022
and 28 October 2023 2,545
DEPRECIATION
At 29 October 2022
and 28 October 2023 2,545
NET BOOK VALUE
At 28 October 2023 -

APFS Ltd (Registered number: 06861850)

Notes to the Financial Statements - continued
for the Year Ended 28 October 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.23 28.10.22
£    £   
Trade debtors 18,152 22,264
Amounts owed by associates 18,827 5,800
Amounts recoverable on contract 26,000 4,096
Other debtors 3,393 20,367
66,372 52,527

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.10.23 28.10.22
£    £   
Bank loans and overdrafts 5,556 10,000
Trade creditors 1,571 485
Amounts owed to associates 11,400 8,017
Taxation and social security 22,726 20,362
Other creditors 1,798 3,700
43,051 42,564

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.10.23 28.10.22
£    £   
Bank loans 28,509 30,833

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,286 -

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 October 2023 and 28 October 2022:

28.10.23 28.10.22
£    £   
Mrs E Ludden
Balance outstanding at start of year 3,912 -
Amounts advanced - 3,912
Amounts repaid (3,912 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 3,912

APFS Ltd (Registered number: 06861850)

Notes to the Financial Statements - continued
for the Year Ended 28 October 2023

10. RELATED PARTY DISCLOSURES

Included within other debtors is an amount of £4,600, (2022 £4,600), owed by 44 Olive Lane Management Company Limited.

Included within other debtors is an amount of £14,227, (2022 £8,017, Creditor), owed from Top Class Nursery Holdings Limited.

Included within other creditors is an amount of £11,400, (2022 £1,200, Debtor), owed to Top Class Day Nursery Limited.

All companies are related by common control.

All loans are interest free and repayable on demand.