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REGISTERED NUMBER: 03767572 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

APEX TRADING LIMITED

APEX TRADING LIMITED (REGISTERED NUMBER: 03767572)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


APEX TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A Bhanji



SECRETARY: A Bhanji



REGISTERED OFFICE: 135 Colindeep Lane
Colindale
London
NW9 6DD



REGISTERED NUMBER: 03767572 (England and Wales)



ACCOUNTANTS: Macalvins Limited
Chartered Accountants
7 St John's Road
Harrow
Middlesex
HA1 2EY



BANKERS: Barclays Bank Plc
The Docklands and South London
PO Box 35721
Hertsmere Road
London
E14 4WA

APEX TRADING LIMITED (REGISTERED NUMBER: 03767572)

BALANCE SHEET
30 JUNE 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,416 13,020

CURRENT ASSETS
Stocks 35,500 217,875
Debtors 5 121,345 99,874
Cash at bank - 32,351
156,845 350,100
CREDITORS
Amounts falling due within one year 6 150,595 331,126
NET CURRENT ASSETS 6,250 18,974
TOTAL ASSETS LESS CURRENT LIABILITIES 16,666 31,994

CREDITORS
Amounts falling due after more than one year 7 16,277 30,108
NET ASSETS 389 1,886

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 387 1,884
SHAREHOLDERS' FUNDS 389 1,886

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.

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 26 March 2025 and were signed by:





A Bhanji - Director


APEX TRADING LIMITED (REGISTERED NUMBER: 03767572)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Apex Trading 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sale of cosmetics during the year. Turnover is recognised when the company has right to consideration.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Motor vehicles - 20% reducing balance
Computer equipment - 33% on cost

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

Financial instruments
Financial assets and liabilities are recognised in the Company's balance sheet when the company becomes a party to the contractual provisions of the instrument.

Loans and Borrowings
Loans and borrowings are measured initially at fair value, net of transaction costs and are measured subsequently at amortised cost using the effective interest method.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

APEX TRADING LIMITED (REGISTERED NUMBER: 03767572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 18,750
DEPRECIATION
At 1 July 2023 5,730
Charge for year 2,604
At 30 June 2024 8,334
NET BOOK VALUE
At 30 June 2024 10,416
At 30 June 2023 13,020

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 July 2023
and 30 June 2024 18,600
DEPRECIATION
At 1 July 2023 5,580
Charge for year 2,604
At 30 June 2024 8,184
NET BOOK VALUE
At 30 June 2024 10,416
At 30 June 2023 13,020

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 64,740 89,137
Amounts owed by related companies 56,605 6,340
Other debtors - 4,397
121,345 99,874

APEX TRADING LIMITED (REGISTERED NUMBER: 03767572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts (see note 8) 23,473 9,989
Hire purchase contracts 3,853 3,587
Trade creditors 109,586 253,021
Amounts owed to related companies 5,000 62,657
Taxation and social security 5,892 -
Other creditors 2,791 1,872
150,595 331,126

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans (see note 8) 10,000 19,978
Hire purchase contracts 6,277 10,130
16,277 30,108

8. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts 13,473 -
Bank loans 10,000 9,989
23,473 9,989

Amounts falling due between one and two years:
Bank loans - 1-2 years 10,000 9,989

Amounts falling due between two and five years:
Bank loans - 2-5 years - 9,989

APEX TRADING LIMITED (REGISTERED NUMBER: 03767572)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

9. RELATED PARTY DISCLOSURES

At the balance sheet date, the following balances were outstanding in respect of companies where the directors have beneficial interest and where the company directors are also the directors:-

2024 2023
£    £   
Debtors:
Baronstar Limited - 6,340
East End Cosmetics Limited 56,605 -
56,605 6,340

Creditors:
East End Cosmetics Limited - 80,760
A & S Bhanji 5,000 -
5,000 80,760


The amounts due are interest free and there are no specific terms of repayment.

As at the balance sheet date, included within creditors is £867 (2023: £1,053 owed to), an amount owed to the director of the company.The amount due is repaid within 9 months after the year end.