8 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 5580454 2023-10-01 2024-09-30 5580454 2024-09-30 5580454 2023-09-30 5580454 2022-10-01 2023-09-30 5580454 2023-09-30 5580454 2022-09-30 5580454 core:MotorVehicles 2023-10-01 2024-09-30 5580454 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 5580454 bus:Director1 2023-10-01 2024-09-30 5580454 core:MotorVehicles 2023-09-30 5580454 core:MotorVehicles 2024-09-30 5580454 core:WithinOneYear 2024-09-30 5580454 core:WithinOneYear 2023-09-30 5580454 core:ShareCapital 2024-09-30 5580454 core:ShareCapital 2023-09-30 5580454 core:RetainedEarningsAccumulatedLosses 2024-09-30 5580454 core:RetainedEarningsAccumulatedLosses 2023-09-30 5580454 core:MotorVehicles 2023-09-30 5580454 bus:SmallEntities 2023-10-01 2024-09-30 5580454 bus:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 5580454 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 5580454 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 5580454 bus:FullAccounts 2023-10-01 2024-09-30 5580454 bus:OrdinaryShareClass1 2024-09-30 5580454 bus:OrdinaryShareClass1 2023-09-30 5580454 core:PlantMachinery 2023-09-30 5580454 core:PlantMachinery 2023-10-01 2024-09-30 5580454 core:PlantMachinery 2024-09-30
COMPANY REGISTRATION NUMBER: 5580454
ADVANCED PORTABLE ROADWAY LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 September 2024
ADVANCED PORTABLE ROADWAY LIMITED
BALANCE SHEET
30 September 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,656,583
1,499,904
Current assets
Debtors
6
158,244
450,923
Cash at bank and in hand
740,307
628,220
--------
-----------
898,551
1,079,143
Creditors: amounts falling due within one year
7
( 216,203)
( 298,427)
--------
-----------
Net current assets
682,348
780,716
-----------
-----------
Total assets less current liabilities
2,338,931
2,280,620
Provisions
Taxation including deferred tax
( 414,146)
( 374,976)
-----------
-----------
Net assets
1,924,785
1,905,644
-----------
-----------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
1,924,685
1,905,544
-----------
-----------
Shareholders funds
1,924,785
1,905,644
-----------
-----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 30 September 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 financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 12 March 2025 , and are signed on behalf of the board by:
G Williams
Director
Company registration number: 5580454
ADVANCED PORTABLE ROADWAY LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 SEPTEMBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, HP18 0RA, Buckinghamshire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
The turnover shown in the profit and loss account represents amounts derived from the provision of services to clients during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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. Unrelieved 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 apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and 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 equity, 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Motor vehicles
-
15% reducing balance
Equipment
-
2.5 - 20% Reducing balance
Financial instruments
Basic financial assets, including trade and other receivables and cash and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method. Financial assets comprise of debtors and cash. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities comprise of creditors. Trade payables 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 payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.
Distributions to equity holders
Dividends and other distributions to the company's shareholders are recognised as a liability in the financial statements in the period in which the dividends and other distributions are approved by the shareholders. These amounts are recognised in the statement of changes in equity.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 8 (2023: 9 ).
5. Tangible assets
Motor vehicles
Equipment
Total
£
£
£
Cost
At 1 October 2023
208,116
1,903,264
2,111,380
Additions
33,950
256,500
290,450
Disposals
( 41,500)
( 41,500)
--------
-----------
-----------
At 30 September 2024
242,066
2,118,264
2,360,330
--------
-----------
-----------
Depreciation
At 1 October 2023
85,508
525,968
611,476
Charge for the year
19,028
73,935
92,963
Disposals
( 692)
( 692)
--------
-----------
-----------
At 30 September 2024
104,536
599,211
703,747
--------
-----------
-----------
Carrying amount
At 30 September 2024
137,530
1,519,053
1,656,583
--------
-----------
-----------
At 30 September 2023
122,608
1,377,296
1,499,904
--------
-----------
-----------
6. Debtors
2024
2023
£
£
Trade debtors
135,761
426,338
Other debtors
22,483
24,585
--------
--------
158,244
450,923
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
24,419
85,468
Corporation tax
83,942
112,376
Social security and other taxes
70,554
56,581
Other creditors
37,288
44,002
--------
--------
216,203
298,427
--------
--------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
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