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REGISTERED NUMBER: 04678927 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 March 2024

for

APM Deliveries Limited

APM Deliveries Limited (Registered number: 04678927)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APM Deliveries Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: K H Davidson
Mrs L Davidson





SECRETARY: K H Davidson





REGISTERED OFFICE: Eden Villa
Easington Road
South Hetton
Durham
DH6 2SY





REGISTERED NUMBER: 04678927 (England and Wales)





ACCOUNTANTS: Anderson Barrowcliff Limited
Chartered Accountants
3 Kingfisher Court
Bowesfield Park
Stockton on Tees
TS18 3EX

APM Deliveries Limited (Registered number: 04678927)

Balance Sheet
31 March 2024

2024 2023
as restated
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 109,144 145,355

CURRENT ASSETS
Debtors 5 233,075 225,848
Cash at bank 11,100 67,121
244,175 292,969
CREDITORS
Amounts falling due within one year 6 147,759 187,784
NET CURRENT ASSETS 96,416 105,185
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,560

250,540

CREDITORS
Amounts falling due after more than one
year

7

(111,104

)

(137,528

)

PROVISIONS FOR LIABILITIES (27,000 ) (29,000 )
NET ASSETS 67,456 84,012

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 67,356 83,912
SHAREHOLDERS' FUNDS 67,456 84,012

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

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

The directors acknowledge their 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.

APM Deliveries Limited (Registered number: 04678927)

Balance Sheet - continued
31 March 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 Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:





K H Davidson - Director


APM Deliveries Limited (Registered number: 04678927)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

APM Deliveries Limited 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

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.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

APM Deliveries Limited (Registered number: 04678927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

2. ACCOUNTING POLICIES - continued

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 12 (2023 - 15 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 18,431 403,312 421,743
DEPRECIATION
At 1 April 2023 17,165 259,223 276,388
Charge for year 190 36,021 36,211
At 31 March 2024 17,355 295,244 312,599
NET BOOK VALUE
At 31 March 2024 1,076 108,068 109,144
At 31 March 2023 1,266 144,089 145,355

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 April 2023
and 31 March 2024 315,703
DEPRECIATION
At 1 April 2023 176,551
Charge for year 34,786
At 31 March 2024 211,337
NET BOOK VALUE
At 31 March 2024 104,366
At 31 March 2023 139,152

APM Deliveries Limited (Registered number: 04678927)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade debtors 12,169 7,273
Amounts owed by participating interests 9,147 -
Other debtors - 5,147
Section 455 taxation 52,428 52,428
Directors' current accounts 157,720 159,100
Prepayments 1,611 1,900
233,075 225,848

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Bank loans and overdrafts 21,259 17,166
Hire purchase contracts 41,515 43,870
Trade creditors 4,486 1,691
Amounts owed to participating interests 1,459 -
Taxation 56,510 70,899
Social security and other taxes 8,792 9,430
VAT 12,238 43,228
Accrued expenses 1,500 1,500
147,759 187,784

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
as restated
£    £   
Bank loans - 1-2 years 23,038 18,067
Bank loans - 2-5 years 40,179 31,866
Hire purchase contracts 47,887 87,595
111,104 137,528

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: as restated
£    £   
100 Ordinary £1 100 100

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, the company advanced to its directors £34,924 (2023: £160,454) and the company received repayments of £36,304 (2023: £91,430). Interest has been charged on the loans at 2.25% (2023: 2%) and amounts are repayable on demand.