1 May 2023 v2025.6.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBPSC4413822023-05-012024-04-30SC4413822024-04-30SC4413822023-04-30SC441382core:WithinOneYear2024-04-30SC441382core:WithinOneYear2023-04-30SC441382core:AfterOneYear2024-04-30SC441382core:AfterOneYear2023-04-30SC441382core:ShareCapital2024-04-30SC441382core:ShareCapital2023-04-30SC441382core:RetainedEarningsAccumulatedLosses2024-04-30SC441382core:RetainedEarningsAccumulatedLosses2023-04-30SC441382bus:Director12023-05-012024-04-30SC441382bus:RegisteredOffice2023-05-012024-04-30SC4413822022-05-012023-04-30SC44138212023-05-012024-04-30SC441382countries:Scotland2023-05-012024-04-30SC441382bus:AuditExemptWithAccountantsReport2023-05-012024-04-30SC441382bus:PrivateLimitedCompanyLtd2023-05-012024-04-30SC441382bus:SmallEntities2023-05-012024-04-30SC441382bus:FullAccounts2023-05-012024-04-30
Company registration number:
SC441382
Apsis Commercial Developments Ltd.
Unaudited Filleted Financial Statements for the year ended
30 April 2024
Apsis Commercial Developments Ltd.
Report to the board of directors on the preparation of the unaudited statutory financial statements of Apsis Commercial Developments Ltd.
Year ended
30 April 2024
As described on the statement of financial position, the Board of Directors of
Apsis Commercial Developments Ltd.
are responsible for the preparation of the
financial statements
for the year ended
30 April 2024
, which comprise the income statement, statement of financial position and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.
Horizon Chartered Accountants
20-23 Woodside Place
Glasgow
G3 7QL
United Kingdom
Date:
31 January 2025
Apsis Commercial Developments Ltd.
Statement of Financial Position
30 April 2024
20242023
Note££
Current assets    
Debtors 5
175,307
 
83,293
 
Investments 6
50
  -  
Cash at bank and in hand
829
 
810
 
176,186
 
84,103
 
Creditors: amounts falling due within one year 7
(195,311
)
(85,809
)
Net current liabilities
(19,125
)
(1,706
)
Total assets less current liabilities (19,125 ) (1,706 )
Creditors: amounts falling due after more than one year 8
(30,110
)
(36,143
)
Net liabilities
(49,235
)
(37,849
)
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
(49,335
)
(37,949
)
Shareholders deficit
(49,235
)
(37,849
)
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.
Director's responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
31 January 2025
, and are signed on behalf of the board by:
A Reid
Director
Company registration number:
SC441382
Apsis Commercial Developments Ltd.
Notes to the Financial Statements
Year ended
30 April 2024

1 General information

The company is a private company limited by shares and is registered in Scotland. The address of the registered office is
23 High Patrick Street
,
Hamilton
,
ML3 7JB
, Scotland.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

4 Average number of employees

The average number of persons employed by the company during the year was
1
(2023:
1
).

5 Debtors

20242023
££
Amounts owed by group undertakings and undertakings in which the company has a participating interest
175,307
 
83,293
 

6 Investments

20242023
££
Other current asset investments
50
  -  

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
5,956
 
5,956
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
189,297
 
79,853
 
Other creditors
58
  -  
195,311
 
85,809
 

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
30,110
 
36,143