Acorah Software Products - Accounts Production 16.1.300 false true 31 May 2023 1 June 2022 false 1 June 2023 31 May 2024 31 May 2024 SC733859 Mr Vijay Kumar Rattu iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure SC733859 2023-05-31 SC733859 2024-05-31 SC733859 2023-06-01 2024-05-31 SC733859 frs-core:CurrentFinancialInstruments 2024-05-31 SC733859 frs-core:FurnitureFittings 2024-05-31 SC733859 frs-core:FurnitureFittings 2023-06-01 2024-05-31 SC733859 frs-core:FurnitureFittings 2023-05-31 SC733859 frs-core:MotorVehicles 2024-05-31 SC733859 frs-core:MotorVehicles 2023-06-01 2024-05-31 SC733859 frs-core:MotorVehicles 2023-05-31 SC733859 frs-core:ShareCapital 2024-05-31 SC733859 frs-core:RetainedEarningsAccumulatedLosses 2024-05-31 SC733859 frs-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 SC733859 frs-bus:FilletedAccounts 2023-06-01 2024-05-31 SC733859 frs-bus:SmallEntities 2023-06-01 2024-05-31 SC733859 frs-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 SC733859 frs-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 SC733859 frs-bus:Director1 2023-06-01 2024-05-31 SC733859 frs-countries:Scotland 2023-06-01 2024-05-31 SC733859 2022-05-31 SC733859 2023-05-31 SC733859 2022-06-01 2023-05-31 SC733859 frs-core:CurrentFinancialInstruments 2023-05-31 SC733859 frs-core:ShareCapital 2023-05-31 SC733859 frs-core:RetainedEarningsAccumulatedLosses 2023-05-31
Registered number: SC733859
Apex Packaging Limited
Unaudited Financial Statements
For The Year Ended 31 May 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: SC733859
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 14,727 5,709
14,727 5,709
CURRENT ASSETS
Stocks 5 - 50,524
Debtors 6 832 4,338
Cash at bank and in hand 3,139 7,865
3,971 62,727
Creditors: Amounts Falling Due Within One Year 7 (55,415 ) (94,120 )
NET CURRENT ASSETS (LIABILITIES) (51,444 ) (31,393 )
TOTAL ASSETS LESS CURRENT LIABILITIES (36,717 ) (25,684 )
NET LIABILITIES (36,717 ) (25,684 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (36,817 ) (25,784 )
SHAREHOLDERS' FUNDS (36,717) (25,684)
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Vijay Kumar Rattu
Director
22/02/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Apex Packaging Limited is a private company, limited by shares, incorporated in Scotland, registered number SC733859 . The registered office is 11 Bishops Gate, Wellknowe Place, Glasgow, G74 5AX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Motor Vehicles 20% reducing balance
Fixtures & Fittings 20% reducing balance
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Tangible Assets
Motor Vehicles Fixtures & Fittings Total
£ £ £
Cost
As at 1 June 2023 1,450 5,686 7,136
Additions 12,700 - 12,700
As at 31 May 2024 14,150 5,686 19,836
Depreciation
As at 1 June 2023 290 1,137 1,427
Provided during the period 2,772 910 3,682
As at 31 May 2024 3,062 2,047 5,109
...CONTINUED
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Net Book Value
As at 31 May 2024 11,088 3,639 14,727
As at 1 June 2023 1,160 4,549 5,709
5. Stocks
2024 2023
£ £
Stock - 50,524
6. Debtors
2024 2023
£ £
Due within one year
VAT 832 4,338
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 1 -
Accruals 1,000 1,000
Director's loan account 54,414 93,120
55,415 94,120
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4