Company Registration No. 09536163 (England and Wales)
APRO Contract Services Limited
Unaudited accounts
for the year ended 30 June 2024
APRO Contract Services Limited
Unaudited accounts
Contents
APRO Contract Services Limited
Company Information
for the year ended 30 June 2024
Directors
A P Olive
V Olive
Company Number
09536163 (England and Wales)
Registered Office
Cambrian House
51 Broad Street
Chipping Sodbury
Bristol
BS37 6AD
APRO Contract Services Limited
Statement of financial position
as at 30 June 2024
Intangible assets
1,000
2,000
Tangible assets
46,377
63,827
Cash at bank and in hand
2,827
40,194
Creditors: amounts falling due within one year
(131,305)
(60,985)
Net current assets
16,137
81,173
Total assets less current liabilities
63,514
147,000
Creditors: amounts falling due after more than one year
(41,073)
(75,734)
Provisions for liabilities
Deferred tax
(8,812)
(12,127)
Called up share capital
100
100
Profit and loss account
13,529
59,039
Shareholders' funds
13,629
59,139
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2025 and were signed on its behalf by
A P Olive
Director
Company Registration No. 09536163
APRO Contract Services Limited
Notes to the Accounts
for the year ended 30 June 2024
APRO Contract Services Limited is a private company, limited by shares, registered in England and Wales, registration number 09536163. The registered office is Cambrian House, 51 Broad Street, Chipping Sodbury, Bristol, BS37 6AD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unreiievea tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to appiy to the reversal of the timing difference.
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business.
Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual vaiue. over the useful life of that asset as follows:
Goodwill - 10% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value OT an intangible asset, the amortisation is revised prospectiveiy to reflect the new estimates.
APRO Contract Services Limited
Notes to the Accounts
for the year ended 30 June 2024
Tangible fixed assets and depreciation
Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.
Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation is calculated so as to write off the cost or valuation an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & machinery
15% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
APRO Contract Services Limited
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 July 2023
9,625
92,640
4,150
106,415
Disposals
-
(12,109)
-
(12,109)
At 30 June 2024
9,625
80,531
4,150
94,306
At 1 July 2023
4,477
35,441
2,670
42,588
Charge for the year
772
13,582
222
14,576
On disposals
-
(9,235)
-
(9,235)
At 30 June 2024
5,249
39,788
2,892
47,929
At 30 June 2024
4,376
40,743
1,258
46,377
At 30 June 2023
5,148
57,199
1,480
63,827
Carrying values included above held under finance leases and hire purchase contracts:
£
£
- Motor vehicles
40,743
57,199
Amounts falling due within one year
Trade debtors
100,175
63,964
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
35,335
-
Obligations under finance leases and hire purchase contracts
14,623
14,623
Trade creditors
79,774
38,856
Taxes and social security
-
4,394
Other creditors
11,990
5,988
On 9th July 2015, a fixed and floating charge was created and registered with companies house by National Westminster Bank PLC.
Amounts owed on hire purchase contracts are secured against the assets they relate to.
APRO Contract Services Limited
Notes to the Accounts
for the year ended 30 June 2024
8
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
30,400
45,023
Amounts owed on hire purchase contracts are secured against the asset they relate to.
The loans are interest free and repayable on demand.
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Average number of employees
During the year the average number of employees was 4 (2023: 4).