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APEX RIDES DIGITAL LIMITED

Registered Number
15081041
(England and Wales)

Unaudited Financial Statements for the Period ended
31 August 2024

APEX RIDES DIGITAL LIMITED
Company Information
for the period from 18 August 2023 to 31 August 2024

Directors

COOK, Simon Alexander
LUCAS, Charles Patrick

Registered Address

21h Heathmans Road
London
SW6 4TJ

Registered Number

15081041 (England and Wales)
APEX RIDES DIGITAL LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

£

£

Fixed assets
Intangible assets3158,622
Tangible assets419,614
178,236
Current assets
Stocks557,739
Debtors632,463
Cash at bank and on hand59,190
149,392
Creditors amounts falling due within one year7(148,932)
Net current assets (liabilities)460
Total assets less current liabilities178,696
Net assets178,696
Capital and reserves
Called up share capital9
Share premium674,486
Profit and loss account(495,799)
Shareholders' funds178,696
The financial statements were approved and authorised for issue by the Board of Directors on 19 March 2025, and are signed on its behalf by:
COOK, Simon Alexander
Director
LUCAS, Charles Patrick
Director

Registered Company No. 15081041
APEX RIDES DIGITAL LIMITED
Notes to the Financial Statements
for the period ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. Intangible assets are amortised over an effective life of 10 years.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Office Equipment1.5
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss.
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
2.Average number of employees

2024
Average number of employees during the year3
3.Intangible assets

Other

Total

££
Cost or valuation
Additions174,630174,630
At 31 August 24174,630174,630
Amortisation and impairment
Charge for year16,00816,008
At 31 August 2416,00816,008
Net book value
At 31 August 24158,622158,622
At 17 August 23--
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
Additions22,0003,68325,683
At 31 August 2422,0003,68325,683
Depreciation and impairment
Charge for year4,0332,0366,069
At 31 August 244,0332,0366,069
Net book value
At 31 August 2417,9671,64719,614
At 17 August 23---
5.Stocks

2024

£
Finished goods57,739
Total57,739
6.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables11,033
Other debtors2,245
Prepayments and accrued income19,185
Total32,463
7.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables76,917
Taxation and social security47,037
Other creditors13,150
Accrued liabilities and deferred income11,828
Total148,932