3 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 2024 - FRS102_2024 15,000 15,000 xbrli:pure xbrli:shares iso4217:GBP 10963296 2023-10-01 2024-09-30 10963296 2024-09-30 10963296 2023-09-30 10963296 2022-10-01 2023-09-30 10963296 2023-09-30 10963296 2022-09-30 10963296 core:PlantMachinery 2023-10-01 2024-09-30 10963296 core:MotorVehicles 2023-10-01 2024-09-30 10963296 core:NetGoodwill 2023-10-01 2024-09-30 10963296 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10963296 bus:OrdinaryShareClass2 2023-10-01 2024-09-30 10963296 bus:Director1 2023-10-01 2024-09-30 10963296 core:NetGoodwill 2024-09-30 10963296 core:PlantMachinery 2023-09-30 10963296 core:MotorVehicles 2023-09-30 10963296 core:PlantMachinery 2024-09-30 10963296 core:MotorVehicles 2024-09-30 10963296 core:WithinOneYear 2024-09-30 10963296 core:WithinOneYear 2023-09-30 10963296 core:AfterOneYear 2024-09-30 10963296 core:AfterOneYear 2023-09-30 10963296 core:ShareCapital 2024-09-30 10963296 core:ShareCapital 2023-09-30 10963296 core:RetainedEarningsAccumulatedLosses 2024-09-30 10963296 core:RetainedEarningsAccumulatedLosses 2023-09-30 10963296 core:PlantMachinery 2023-09-30 10963296 core:MotorVehicles 2023-09-30 10963296 bus:SmallEntities 2023-10-01 2024-09-30 10963296 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10963296 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 10963296 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10963296 bus:FullAccounts 2023-10-01 2024-09-30 10963296 bus:OrdinaryShareClass1 2024-09-30 10963296 bus:OrdinaryShareClass1 2023-09-30 10963296 bus:OrdinaryShareClass2 2024-09-30 10963296 bus:OrdinaryShareClass2 2023-09-30 10963296 bus:AllOrdinaryShares 2024-09-30 10963296 bus:AllOrdinaryShares 2023-09-30 10963296 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 10963296 core:FurnitureFittingsToolsEquipment 2023-09-30 10963296 core:FurnitureFittingsToolsEquipment 2024-09-30
COMPANY REGISTRATION NUMBER: 10963296
APL JOINERY (HALIFAX) LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
30 September 2024
APL JOINERY (HALIFAX) LTD
STATEMENT OF FINANCIAL POSITION
30 September 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
6
5,951
8,754
CURRENT ASSETS
Stocks
47,700
88,739
Debtors
7
17,546
35,441
Cash at bank and in hand
76,274
45,034
----------
----------
141,520
169,214
CREDITORS: amounts falling due within one year
8
98,037
106,610
----------
----------
NET CURRENT ASSETS
43,483
62,604
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
49,434
71,358
CREDITORS: amounts falling due after more than one year
9
6,667
16,667
---------
---------
NET ASSETS
42,767
54,691
---------
---------
APL JOINERY (HALIFAX) LTD
STATEMENT OF FINANCIAL POSITION (continued)
30 September 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
10
100
100
Profit and loss account
42,667
54,591
---------
---------
SHAREHOLDERS FUNDS
42,767
54,691
---------
---------
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 statement of income and retained earnings 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.
Directors' 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 directors acknowledge their 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 18 March 2025 , and are signed on behalf of the board by:
A Potter
Director
Company registration number: 10963296
APL JOINERY (HALIFAX) LTD
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 Equitable House, 55 Pellon Lane, Halifax, West Yorkshire, HX1 5SP, United Kingdom.
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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. There are not considered to be any judgements or accounting estimates or assumptions that have a significant impact on the financial statements.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for joinery goods or services rendered, stated net of discounts and of Value Added Tax. Revenue from the sale of services is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer, usually on despatch of the goods, the amount of revenue can be measured reliably, it is probable that the associated economic benefits will flow to the entity, and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Current and deferred 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.
Goodwill
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
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
5 years straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
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.
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:
Plant and machinery
-
25% reducing balance
Motor vehicles
-
25% reducing balance
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the year amounted to 3 (2023: 4 ).
5. INTANGIBLE ASSETS
Goodwill
£
Cost
At 1 October 2023 and 30 September 2024
15,000
---------
Amortisation
At 1 October 2023 and 30 September 2024
15,000
---------
Carrying amount
At 30 September 2024
---------
At 30 September 2023
---------
6. TANGIBLE ASSETS
Plant and machinery
Motor vehicles
Equipment
Total
£
£
£
£
Cost
At 1 October 2023
31,315
25,400
641
57,356
Disposals
( 4,400)
( 4,400)
---------
---------
----
---------
At 30 September 2024
31,315
21,000
641
52,956
---------
---------
----
---------
Depreciation
At 1 October 2023
27,639
20,322
641
48,602
Charge for the year
929
1,070
1,999
Disposals
( 3,596)
( 3,596)
---------
---------
----
---------
At 30 September 2024
28,568
17,796
641
47,005
---------
---------
----
---------
Carrying amount
At 30 September 2024
2,747
3,204
5,951
---------
---------
----
---------
At 30 September 2023
3,676
5,078
8,754
---------
---------
----
---------
7. DEBTORS
2024
2023
£
£
Trade debtors
4,595
12,443
Other debtors
12,951
22,998
---------
---------
17,546
35,441
---------
---------
8. CREDITORS: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
16,169
33,849
Corporation tax
790
Social security and other taxes
8,191
Other creditors
63,677
61,971
---------
----------
98,037
106,610
---------
----------
9. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
6,667
16,667
-------
---------
10. CALLED UP SHARE CAPITAL
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary A shares of £ 1 each
50
50
50
50
Ordinary B shares of £ 1 each
50
50
50
50
----
----
----
----
100
100
100
100
----
----
----
----
The shares rank pari passu except as follows; Dividends if and so long as the ordinary share capital is divided into different classes of shares, the directors may, subject to the provisions of the Act pay interim dividends at variable rates on the different classes of shares, and the company, on the recommendation of the directors may declare dividends at variable rates on the different classes of shares.
11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES
During the year the director had an unsecured interest free loan with the company. The directors loan account was in credit throughout the year and is repayable on demand.