IRIS Accounts Production v24.3.2.46 05890327 Board of Directors 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh058903272023-06-30058903272024-06-30058903272023-07-012024-06-30058903272022-06-30058903272022-07-012023-06-30058903272023-06-3005890327ns15:EnglandWales2023-07-012024-06-3005890327ns14:PoundSterling2023-07-012024-06-3005890327ns10:Director12023-07-012024-06-3005890327ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3005890327ns10:SmallEntities2023-07-012024-06-3005890327ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3005890327ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3005890327ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3005890327ns10:FullAccounts2023-07-012024-06-3005890327ns10:Director22023-07-012024-06-3005890327ns10:Director32023-07-012024-06-3005890327ns10:RegisteredOffice2023-07-012024-06-3005890327ns5:CurrentFinancialInstruments2024-06-3005890327ns5:CurrentFinancialInstruments2023-06-3005890327ns5:Non-currentFinancialInstruments2024-06-3005890327ns5:Non-currentFinancialInstruments2023-06-3005890327ns5:ShareCapital2024-06-3005890327ns5:ShareCapital2023-06-3005890327ns5:RetainedEarningsAccumulatedLosses2024-06-3005890327ns5:RetainedEarningsAccumulatedLosses2023-06-3005890327ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-012024-06-3005890327ns5:PlantMachinery2023-07-012024-06-3005890327ns5:FurnitureFittings2023-07-012024-06-3005890327ns5:MotorVehicles2023-07-012024-06-3005890327ns5:ComputerEquipment2023-07-012024-06-3005890327ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3005890327ns5:PlantMachinery2023-06-3005890327ns5:FurnitureFittings2023-06-3005890327ns5:LandBuildingsns5:ShortLeaseholdAssets2024-06-3005890327ns5:PlantMachinery2024-06-3005890327ns5:FurnitureFittings2024-06-3005890327ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3005890327ns5:PlantMachinery2023-06-3005890327ns5:FurnitureFittings2023-06-3005890327ns5:MotorVehicles2023-06-3005890327ns5:ComputerEquipment2023-06-3005890327ns5:MotorVehicles2024-06-3005890327ns5:ComputerEquipment2024-06-3005890327ns5:MotorVehicles2023-06-3005890327ns5:ComputerEquipment2023-06-3005890327ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3005890327ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-30
REGISTERED NUMBER: 05890327 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

APPERLEY HONING MACHINES LIMITED

APPERLEY HONING MACHINES LIMITED (REGISTERED NUMBER: 05890327)

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


APPERLEY HONING MACHINES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: C O Sanders
M Sanders
K G Brownlee





REGISTERED OFFICE: Corn Mill Bank
Hinton on the Green
Evesham
Worcestershire
WR11 2QU





REGISTERED NUMBER: 05890327 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

APPERLEY HONING MACHINES LIMITED (REGISTERED NUMBER: 05890327)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 200,156 217,158

CURRENT ASSETS
Stocks 36,902 27,354
Debtors 5 338,822 229,682
Cash at bank and in hand 265 279
375,989 257,315
CREDITORS
Amounts falling due within one year 6 687,966 576,171
NET CURRENT LIABILITIES (311,977 ) (318,856 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(111,821

)

(101,698

)

CREDITORS
Amounts falling due after more than
one year

7

(18,159

)

(79,124

)

PROVISIONS FOR LIABILITIES (48,396 ) (52,840 )
NET LIABILITIES (178,376 ) (233,662 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (178,378 ) (233,664 )
(178,376 ) (233,662 )

APPERLEY HONING MACHINES LIMITED (REGISTERED NUMBER: 05890327)

BALANCE SHEET - continued
30 JUNE 2024


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 directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2025 and were signed on its behalf by:





M Sanders - Director


APPERLEY HONING MACHINES LIMITED (REGISTERED NUMBER: 05890327)

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


1. STATUTORY INFORMATION

Apperley Honing Machines 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.
Short leasehold - 10% on cost
Plant and machinery - 12.5% on reducing balance
Fixtures and fittings - 12.5% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 25% 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.

Machines that are deemed to be held for sale are transferred from fixed assets to stock at their net book value and are no longer depreciated. If the net realisable value is lower than the net book value, the stock is adjusted to reflect the net realisable value of the machine.

Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, and loans to related parties.

Short term debtors are measured at the transaction price, less any impairment.

Short term creditors are measured at the transaction price.

Going concern
The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. They continue to believe the going concern basis of accounting appropriate in preparing the annual financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2023 - 13 ) .

APPERLEY HONING MACHINES LIMITED (REGISTERED NUMBER: 05890327)

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


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 1,378 511,660 14,483
Additions - 4,250 372
At 30 June 2024 1,378 515,910 14,855
DEPRECIATION
At 1 July 2023 447 302,359 8,025
Charge for year 109 21,224 853
At 30 June 2024 556 323,583 8,878
NET BOOK VALUE
At 30 June 2024 822 192,327 5,977
At 30 June 2023 931 209,301 6,458

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 9,495 21,007 558,023
Additions - 759 5,381
At 30 June 2024 9,495 21,766 563,404
DEPRECIATION
At 1 July 2023 9,027 21,007 340,865
Charge for year 117 80 22,383
At 30 June 2024 9,144 21,087 363,248
NET BOOK VALUE
At 30 June 2024 351 679 200,156
At 30 June 2023 468 - 217,158

APPERLEY HONING MACHINES LIMITED (REGISTERED NUMBER: 05890327)

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


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 217,385 129,710
Amounts owed by participating interests 116,438 96,797
Other debtors 4,999 3,175
338,822 229,682

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 54,672 67,323
Hire purchase contracts 9,752 29,706
Trade creditors 145,873 76,916
Amounts owed to participating interests 197,916 173,174
Taxation and social security 171,952 156,803
Other creditors 107,801 72,249
687,966 576,171

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 18,159 69,372
Hire purchase contracts - 9,752
18,159 79,124

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase 9,751 39,457

The Hire Purchase contracts are secured against the assets to which they relate.

9. CONTINGENT LIABILITIES

The Company is party to a cross guarantee and has provided security via a fixed and floating charge over a bank loan held within Corn Mill Commercial Limited. The potential liability at the year end was £209,006 (2023: £213,265)