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REGISTERED NUMBER: 03741184 (England and Wales)






APC Clothing Limited

Financial Statements

for the Year Ended 30 April 2024






APC Clothing Limited (Registered number: 03741184)

Contents of the Financial Statements
for the year ended 30 April 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APC Clothing Limited

Company Information
for the year ended 30 April 2024







DIRECTORS: Mr N Hall
Mrs V A Hall
Mr S R Hall





SECRETARY: Mrs V A Hall





REGISTERED OFFICE: Unit 6A Guardian Park
Station Road Industrial Estate
Tadcaster
West Yorkshire
LS24 9SG





REGISTERED NUMBER: 03741184 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

APC Clothing Limited (Registered number: 03741184)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 18,112 21,090
18,112 21,090

CURRENT ASSETS
Stocks 90,236 83,533
Debtors 6 423,056 433,566
Cash in hand 180 199
513,472 517,298
CREDITORS
Amounts falling due within one year 7 374,541 302,571
NET CURRENT ASSETS 138,931 214,727
TOTAL ASSETS LESS CURRENT
LIABILITIES

157,043

235,817

CREDITORS
Amounts falling due after more than one
year

8

(18,958

)

(36,331

)

PROVISIONS FOR LIABILITIES (2,874 ) (3,827 )
NET ASSETS 135,211 195,659

APC Clothing Limited (Registered number: 03741184)

Balance Sheet - continued
30 April 2024

2024 2023
Notes £    £    £    £   

CAPITAL AND RESERVES
Called up share capital 11 750 750
Capital redemption reserve 250 250
Retained earnings 134,211 194,659
SHAREHOLDERS' FUNDS 135,211 195,659

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

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 29 January 2025 and were signed on its behalf by:





Mr N Hall - Director


APC Clothing Limited (Registered number: 03741184)

Notes to the Financial Statements
for the year ended 30 April 2024


1. STATUTORY INFORMATION

APC Clothing 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 functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of the business in 1999, has been fully amortised evenly over the estimated useful life of twenty years.

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 - 12.5% on cost
Fixtures and fittings - 12.5% on cost
Computer equipment - 33% on cost

All fixed assets are initially recorded at cost.

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

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

APC Clothing Limited (Registered number: 03741184)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2023 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 215,000
AMORTISATION
At 1 May 2023
and 30 April 2024 215,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

APC Clothing Limited (Registered number: 03741184)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 May 2023 103,295 20,020 51,892 175,207
Additions - 2,527 - 2,527
At 30 April 2024 103,295 22,547 51,892 177,734
DEPRECIATION
At 1 May 2023 85,545 16,702 51,870 154,117
Charge for year 4,438 1,045 22 5,505
At 30 April 2024 89,983 17,747 51,892 159,622
NET BOOK VALUE
At 30 April 2024 13,312 4,800 - 18,112
At 30 April 2023 17,750 3,318 22 21,090

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,393 33,695
Amounts owed by group undertakings 398,573 398,573
Other debtors 4,684 -
Prepayments and accrued income 2,406 1,298
423,056 433,566

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 97,647 86,421
Other loans 3,513 5,932
Trade creditors 190,605 172,541
Tax - 4,684
Social security and other taxes 1,769 1,948
VAT 4,133 7,495
Other creditors 1,158 1,127
Directors' current accounts 71,416 -
Accruals and deferred income 4,300 22,423
374,541 302,571

APC Clothing Limited (Registered number: 03741184)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 18,958 17,373
Bank loans - 2-5 years - 18,958
18,958 36,331

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 50,456 47,616
Between one and five years 95,444 91,736
145,900 139,352

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank overdrafts 80,147 66,813
Bank loans 36,458 55,939
116,605 122,752

The banking facilities are secured as follows:

Debenture including a fixed charge over all present freehold and leasehold property; first fixed charge over book and other debts, chattels, goodwill and uncalled capital, both present and future; and first floating charge over all assets and undertakings both present and future dated 8 June 1999.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
750 Ordinary £1 750 750

APC Clothing Limited (Registered number: 03741184)

Notes to the Financial Statements - continued
for the year ended 30 April 2024


12. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

The company is a wholly owned subsidiary of Rebels Without Applause Ltd, a company registered in England & Wales, whose registered office is:

1 Walkers Buildings
Bramham
Wetherby
Wakefield
LS23 6RA