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Registration number: 01891774

Aplix Fasteners UK Limited

Filleted Financial Statements

for the Year Ended 31 December 2024

 

Aplix Fasteners UK Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 7

 

Aplix Fasteners UK Limited

Company Information

Directors

Mrs Sandrine Pelletier

Mr Keith Frederick Senior

Mr Fabrice Billarant

Registered office

Office 104
Roffey Park Institute
Forest Road
Horsham
West Sussex
RH12 4TB

Accountants

Jacobs Allen Limited
Chartered Accountants and Chartered Tax Advisers59 Abbeygate Street
Bury St Edmunds
Suffolk
IP33 1LB

Auditors

Riverside Accountancy Lancaster Limited
Chartered Accountants and Statutory AuditorsRiverside Offices
Second Floor, 26 St Georges Quay
Lancaster
LA1 1RD

 

Aplix Fasteners UK Limited

(Registration number: 01891774)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

6

1,148

1,572

Current assets

 

Debtors

7

248,981

204,499

Cash at bank and in hand

 

324,827

353,806

 

573,808

558,305

Creditors: Amounts falling due within one year

8

(196,602)

(112,486)

Net current assets

 

377,206

445,819

Net assets

 

378,354

447,391

Capital and reserves

 

Called up share capital

9

130,000

130,000

Share premium reserve

32,421

32,421

Retained earnings

215,933

284,970

Shareholders' funds

 

378,354

447,391

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 28 January 2025 and signed on its behalf by:
 

.........................................
Mrs Sandrine Pelletier
Director

 

Aplix Fasteners UK Limited

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Office 104
Roffey Park Institute
Forest Road
Horsham
West Sussex
RH12 4TB

These financial statements were authorised for issue by the Board on 28 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared and rounded to the nearest £1 using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Audit report

The Independent Auditor's Report was unqualified.

The name of the Senior Statutory Auditor who signed the audit report on 28 January 2025 was Lyndsay Nicholson ACA, who signed for and on behalf of Riverside Accountancy Lancaster Limited.

.........................................

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Aplix Fasteners UK Limited

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

Foreign currency transactions and balances

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange rate losses are included in the profit and loss account.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

20% & 33% reducing balance

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class

Amortisation method and rate

Patent

Fully amortised

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

Aplix Fasteners UK Limited

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

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 5 (2023 - 5).

4

Profit before tax

Arrived at after charging/(crediting)

2024
£

2023
£

Depreciation expense

424

600

 

Aplix Fasteners UK Limited

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

5

Intangible assets

Trademarks, patents and licenses
 £

Total
£

Cost or valuation

At 1 January 2024

3,436

3,436

At 31 December 2024

3,436

3,436

Amortisation

At 1 January 2024

3,436

3,436

At 31 December 2024

3,436

3,436

Carrying amount

At 31 December 2024

-

-

6

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2024

10,199

10,199

At 31 December 2024

10,199

10,199

Depreciation

At 1 January 2024

8,627

8,627

Charge for the year

424

424

At 31 December 2024

9,051

9,051

Carrying amount

At 31 December 2024

1,148

1,148

At 31 December 2023

1,572

1,572

7

Debtors

Current

2024
£

2023
£

Trade debtors

241,855

196,577

Prepayments

7,126

7,922

 

248,981

204,499

 

Aplix Fasteners UK Limited

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

8

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Trade creditors

 

8,860

6,511

Amounts owed to group undertakings and undertakings in which the company has a participating interest

119,830

48,820

Taxation and social security

 

43,686

42,869

Accruals and deferred income

 

17,600

-

Other creditors

 

6,626

14,286

 

196,602

112,486

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary A Class of £1 each

117,000

117,000

117,000

117,000

Ordinary B Class of £1 each

13,000

13,000

13,000

13,000

130,000

130,000

130,000

130,000

10

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £19,387 (2023 - £13,981).

11

Parent and ultimate parent undertaking

The company's immediate parent is Aplix SA, incorporated in France.

 The ultimate parent is Fibi, incorporated in France.

  These financial statements are available upon request from
Route Depatmentale 723
ZA les Relandieres 44850
Le Cellier
France