Company Registration No. 12362675 (England and Wales)
Apple Group Limited
Unaudited accounts
for the year ended 30 April 2024
Apple Group Limited
Unaudited accounts
Contents
Apple Group Limited
Company Information
for the year ended 30 April 2024
Directors
Joel Sweeney
Samantha Sweeney
Company Number
12362675 (England and Wales)
Registered Office
7 High Street
Windsor
Berkshire
SL4 1LD
England
Accountants
Blue Cube Accountants Limited
7 High Street
Windsor
SL4 1LD
Apple Group Limited
Statement of financial position
as at 30 April 2024
Tangible assets
2,389,313
2,405,437
Cash at bank and in hand
5,406
30,725
Creditors: amounts falling due within one year
(849,298)
(822,615)
Net current liabilities
(367,231)
(789,353)
Total assets less current liabilities
2,022,182
1,616,084
Creditors: amounts falling due after more than one year
(791,409)
(947,321)
Provisions for liabilities
Net assets
1,058,127
668,763
Called up share capital
102
102
Profit and loss account
1,058,025
668,661
Shareholders' funds
1,058,127
668,763
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 members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Samantha Sweeney
Director
Company Registration No. 12362675
Apple Group Limited
Notes to the Accounts
for the year ended 30 April 2024
Apple Group Limited is a private company, limited by shares, registered in England and Wales, registration number 12362675. The registered office is 7 High Street, Windsor, Berkshire, SL4 1LD, England.
These financial statements have been prepared in compliance with FRS 102, ’The Financial Reporting Standard applicable to 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.
This is a parent company and is exempt from preparing group accounts as it qualifies as a small group.
The accounts are presented in £ sterling.
Investments in shares are included at cost price.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
No depreciation provided
Plant & machinery
20% Straight Line
Fixtures & fittings
20% Straight Line
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 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.
Apple Group Limited
Notes to the Accounts
for the year ended 30 April 2024
3
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2023
2,349,364
5,579
76,746
2,431,689
At 30 April 2024
2,349,364
5,579
77,105
2,432,048
At 1 May 2023
-
548
25,704
26,252
Charge for the year
-
1,116
15,367
16,483
At 30 April 2024
-
1,664
41,071
42,735
At 30 April 2024
2,349,364
3,915
36,034
2,389,313
At 30 April 2023
2,349,364
5,031
51,042
2,405,437
4
Investments
Subsidiary undertakings
Valuation at 30 April 2024
100
This represents the shareholding in Apple Travel Limited. The shareholding was not previously disclosed and the subsidiary was acquired on 31 March 2020.
Amounts falling due within one year
Accrued income and prepayments
8,163
2,537
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
77,639
87,309
Trade creditors
10,497
250
Amounts owed to group undertakings and other participating interests
714,973
704,537
Taxes and social security
32,711
8,713
Loans from directors
-
10,229
Apple Group Limited
Notes to the Accounts
for the year ended 30 April 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
791,409
947,321
Allotted, called up and fully paid:
102 Ordinary shares of £1 each
102
102
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan to Directors
(10,229)
620,357
141,630
468,498
(10,229)
620,357
141,630
468,498
The loan to the directors is fully repayable on demand. Interest will be charged at 2.25%.
10
Transactions with related parties
Within creditors is £714,973 (2023 - £704,537) owed to Apple Travel Limited which a company owned and controlled by the directors and is a subsidiary.
Rent of £105,000 (2023 - £105,000) was received from Apple Travel Limited during the year.
11
Average number of employees
During the year the average number of employees was 0 (2023: 0).