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Registration number: 04009145

Another Perfect Delivery Limited
 

Annual Report and Unaudited Financial Statements- Companies house filing

for the Year Ended 31 May 2024

 

Another Perfect Delivery Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Another Perfect Delivery Limited

(Registration number: 04009145)
Statement of Financial Position as at 31 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

34,420

28,553

Current assets

 

Stocks

5

4,085

7,012

Debtors

6

136,880

106,972

Cash at bank and in hand

 

57,833

57,685

 

198,798

171,669

Creditors: Amounts falling due within one year

7

(173,155)

(143,163)

Net current assets

 

25,643

28,506

Total assets less current liabilities

 

60,063

57,059

Creditors: Amounts falling due after more than one year

7

(35,505)

(51,231)

Provisions for liabilities

(6,540)

(5,244)

Net assets

 

18,018

584

Capital and reserves

 

Called up share capital

100

100

Profit and loss account

17,918

484

Shareholders' funds

 

18,018

584

For the financial year ending 31 May 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

These financial statements have been 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 Income Statement.

 

Another Perfect Delivery Limited

(Registration number: 04009145)
Statement of Financial Position as at 31 May 2024

Approved and authorised by the director on 20 January 2025
 

.........................................
Mr S D Evers
Director

 

Another Perfect Delivery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 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: Knoll House, Knoll Road, Camberley, Surrey, GU15 3SY, England.

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 using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Tax

The tax expense for the period comprises current and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

 

Another Perfect Delivery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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

Short leasehold property

Over the life of the lease

Plant and machinery

25% reducing balance and 20% straight line

Fixtures and fittings

33% reducing balance

Stocks

Stocks are stated at the lower of cost and is determined using the first-in, first-out (FIFO) method.

Trade debtors

Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and bank deposits.

Trade creditors

Short term creditors are measured at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Provisions

Provisions are recognised when the company has an obligation at the reporting date as a result of a past event, it is probable that the company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

 

Another Perfect Delivery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the statement of financial position as a finance lease obligation.

Lease payments are apportioned between finance costs in the income statement and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Employee benefits

Short-term employee benefits are recognised as an expense in the period which they are incurred.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 8 (2023 - 7).

 

Another Perfect Delivery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

4

Tangible assets

Fixtures and fittings
£

Plant and machinery
£

Total
£

Cost or valuation

At 1 June 2023

9,893

65,597

75,490

Additions

1,608

17,095

18,703

Disposals

(2,392)

(11,350)

(13,742)

At 31 May 2024

9,109

71,342

80,451

Depreciation

At 1 June 2023

8,639

38,298

46,937

Charge for the year

873

10,893

11,766

Eliminated on disposal

(2,151)

(10,521)

(12,672)

At 31 May 2024

7,361

38,670

46,031

Carrying amount

At 31 May 2024

1,748

32,672

34,420

At 31 May 2023

1,254

27,299

28,553

5

Stocks

2024
£

2023
£

Raw materials and consumables

4,085

7,012

6

Debtors

2024
£

2023
£

Trade debtors

128,784

99,623

Other debtors

-

3,753

Prepayments

8,096

3,596

136,880

106,972

 

Another Perfect Delivery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Bank loans and overdrafts

8

15,783

19,807

Trade creditors

 

97,696

69,835

Taxation and social security

 

22,372

11,739

Accruals and deferred income

 

12,652

23,651

Other creditors

 

24,652

18,131

 

173,155

143,163


Creditors include net obligations under hire purchase contracts which are secured against the assets to which they relate.

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Loans and borrowings

8

35,505

51,231

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

21,437

31,305

Hire purchase contracts

14,068

19,926

35,505

51,231

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,925

9,733

Hire purchase contracts

5,858

10,074

15,783

19,807

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the statement of financial position

The total amount of financial commitments not included in the statement of financial position is £20,850 (2023 - £29,190).

 

Another Perfect Delivery Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2024

10

Related party transactions

During the year the company was charged management fees by its parent company totalling £60,000. The company charged its parent £254,489 in the year for services. All transactions were undertaken at normal market rates.

11

Parent and ultimate parent undertaking

The company's immediate parent is Acorn Press Swindon Limited, incorporated in England.