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REGISTERED NUMBER: 10225020 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 June 2024

for

APIS MC Limited

APIS MC Limited (Registered number: 10225020)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APIS MC Limited

Company Information
for the Year Ended 30 June 2024







DIRECTOR: P F Marray





REGISTERED OFFICE: 42 Burlingham Avenue
West Kirby
Wirral
CH48 8AR





REGISTERED NUMBER: 10225020 (England and Wales)





ACCOUNTANTS: Graham & Fisher Limited
T/A Grahams
Chartered Accountants
30 Birkenhead Road
Hoylake
Wirral
CH47 3BW

APIS MC Limited (Registered number: 10225020)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,945 77,882

CURRENT ASSETS
Stocks 438,915 383,764
Debtors 5 751,412 803,905
Cash at bank and in hand 54,324 37,446
1,244,651 1,225,115
CREDITORS
Amounts falling due within one year 6 925,947 931,557
NET CURRENT ASSETS 318,704 293,558
TOTAL ASSETS LESS CURRENT
LIABILITIES

411,649

371,440

CREDITORS
Amounts falling due after more than one year 7 (36,188 ) (37,506 )

PROVISIONS FOR LIABILITIES (18,066 ) (19,470 )
NET ASSETS 357,395 314,464

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 356,395 313,464
SHAREHOLDERS' FUNDS 357,395 314,464

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

APIS MC Limited (Registered number: 10225020)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





P F Marray - Director


APIS MC Limited (Registered number: 10225020)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

APIS MC Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance, 20% on cost and 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

APIS MC Limited (Registered number: 10225020)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 27 (2023 - 24 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023 174,951
Additions 59,270
Disposals (21,495 )
At 30 June 2024 212,726
DEPRECIATION
At 1 July 2023 97,069
Charge for year 24,037
Eliminated on disposal (1,325 )
At 30 June 2024 119,781
NET BOOK VALUE
At 30 June 2024 92,945
At 30 June 2023 77,882

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 696,006 735,417
Other debtors 55,406 68,488
751,412 803,905

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 11,249 9,371
Trade creditors 419,626 342,309
Taxation and social security 161,440 148,183
Other creditors 323,632 421,694
925,947 931,557

APIS MC Limited (Registered number: 10225020)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 9,167 19,167
Hire purchase contracts 27,021 18,339
36,188 37,506

Amounts falling due in more than five years:

Repayable by instalments
Hire purchase 18,437 10,300

8. RELATED PARTY DISCLOSURES

PF Marray holds 51% shares in APIS MC Limited and 51% shares in Adept HSG Limited. During the year sales to Adept HSG Limited were £Nil (2023 - £58,912) and purchases from Adept HSG Limited were £5,000 (2023 - £180,480)

At the year end date 30.06.24 APIS MC Limited owed Adept HSG Limited £132,416 (2023 - £100,029).