Registered number: 08713943 | ||||||||
FOR THE YEAR ENDED 30/09/2024 | ||||||||
Prepared By: | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Apex Fluid Power Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 30/09/2024 | ||||||||
DIRECTORS | ||||||||
REGISTERED OFFICE | ||||||||
Cumbria | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 08713943 | ||||||||
BANKERS | ||||||||
Cumberland Building Society | ||||||||
ACCOUNTANTS | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Apex Fluid Power Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED30/09/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Apex Fluid Power Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 3 | |||||||||
Cash at bank and in hand | ||||||||||
1,108,439 | 907,659 | |||||||||
CREDITORS: Amounts falling due within one year | 4 | |||||||||
NET CURRENT ASSETS | 494,643 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
PROVISIONS FOR LIABILITIES AND CHARGES | ||||||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 664,509 | 529,603 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Apex Fluid Power Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 30/09/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Fixtures and Fittings | reducing balance 15% | |||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stock is valued at the lower of cost and net estimated selling price less selling costs. Cost is based on the weighted average purchase price. |
1d. Taxation | ||||||||
Corporation tax payable is provided on taxable profits at the current rates. | ||||||||
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. |
1e. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1f. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the despatch of goods and upon the provision of services. |
1g. Leases | ||||||||
Payments made under operating leases are charged to the profit and loss account on a straight line basis over the lease term. |
Apex Fluid Power Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||||
Plant and | Commercial | Fixtures | ||||||||
Machinery | Vehicles | and Fittings | Equipment | Total | ||||||
£ | £ | £ | £ | £ | ||||||
Cost | ||||||||||
At 01/10/2023 | 55,391 | 22,995 | 13,182 | 5,877 | 97,445 | |||||
Additions | - | - | - | 3,869 | 3,869 | |||||
At 30/09/2024 | 55,391 | 22,995 | 13,182 | 9,746 | 101,314 | |||||
Depreciation | ||||||||||
At 01/10/2023 | 39,077 | 479 | 6,954 | 4,169 | 50,679 | |||||
4,079 | 5,629 | 934 | 1,394 | 12,036 | ||||||
At 30/09/2024 | 43,156 | 6,108 | 7,888 | 5,563 | 62,715 | |||||
Net Book Amounts | ||||||||||
At 30/09/2024 | 38,599 | |||||||||
At 30/09/2023 | 46,766 | |||||||||
3. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 211,986 | 189,033 | ||||||
Prepayments | 13,235 | 13,292 | ||||||
225,221 | 202,325 | |||||||
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 107,671 | 75,585 | ||||||
VAT | 58,682 | 45,092 | ||||||
Director's current account - M Ferguson | 81,350 | 81,353 | ||||||
Director's current account - P Brown | 87,772 | 88,449 | ||||||
Trade creditors | 132,898 | 115,337 | ||||||
Other creditors | - | 5,000 | ||||||
Accruals | 2,350 | 2,200 | ||||||
470,723 | 413,016 | |||||||
Apex Fluid Power Limited | ||||||||
5. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 6 | |||||
6. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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7. FINANCIAL COMMITMENTS | ||||||||
At the balance sheet date the company had outstanding commitments under operating leases of £33,000. | ||||||||
8. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 08713943. | ||||||||
The company's registered office is Unit 9 Currock Road Trade Centre, Currock, Carlisle, Cumbria, CA2 5AD. |