Company Registration No. 9220326 (England and Wales)
APS Electrical (London) Ltd
Unaudited accounts
for the year ended 30 September 2024
APS Electrical (London) Ltd
Unaudited accounts
Contents
APS Electrical (London) Ltd
Company Information
for the year ended 30 September 2024
Directors
Mr A Spellacey
Mrs A Spellacey
Mr G Spellacey
Company Number
9220326 (England and Wales)
Registered Office
123 Cross Lane East
Gravesend
Kent
DA12 5HA
Accountants
Clayton Stirling
123 Cross Lane East
Gravesend
Kent
DA12 5HA
APS Electrical (London) Ltd
Statement of financial position
as at 30 September 2024
Tangible assets
26,886
35,935
Cash at bank and in hand
341,227
338,260
Creditors: amounts falling due within one year
(154,629)
(114,935)
Net current assets
206,348
249,497
Total assets less current liabilities
233,234
285,432
Creditors: amounts falling due after more than one year
(14,071)
(16,295)
Net assets
219,163
269,137
Called up share capital
100
100
Profit and loss account
219,063
269,037
Shareholders' funds
219,163
269,137
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. 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 22 January 2025 and were signed on its behalf by
Mr A Spellacey
Director
Company Registration No. 9220326
APS Electrical (London) Ltd
Notes to the Accounts
for the year ended 30 September 2024
APS Electrical (London) Ltd is a private company, limited by shares, registered in England and Wales, registration number 9220326. The registered office is 123 Cross Lane East, Gravesend, Kent, DA12 5HA.
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.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% reducing balance basis
Computer equipment
Straight line over 5 years
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.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
APS Electrical (London) Ltd
Notes to the Accounts
for the year ended 30 September 2024
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 October 2023
70,137
479
70,616
At 30 September 2024
70,137
479
70,616
At 1 October 2023
34,329
352
34,681
Charge for the year
8,953
96
9,049
At 30 September 2024
43,282
448
43,730
At 30 September 2024
26,855
31
26,886
At 30 September 2023
35,808
127
35,935
Amounts falling due within one year
Other debtors
16,856
25,172
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
2,503
2,350
Taxes and social security
6,466
13,444
Loans from directors
143,523
96,739
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).