Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-3022023-05-01falseNo description of principal activity2truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04595736 2023-05-01 2024-04-30 04595736 2022-05-01 2023-04-30 04595736 2024-04-30 04595736 2023-04-30 04595736 c:Director1 2023-05-01 2024-04-30 04595736 d:CurrentFinancialInstruments 2024-04-30 04595736 d:CurrentFinancialInstruments 2023-04-30 04595736 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 04595736 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 04595736 d:ShareCapital 2024-04-30 04595736 d:ShareCapital 2023-04-30 04595736 d:SharePremium 2024-04-30 04595736 d:SharePremium 2023-04-30 04595736 d:RetainedEarningsAccumulatedLosses 2024-04-30 04595736 d:RetainedEarningsAccumulatedLosses 2023-04-30 04595736 c:FRS102 2023-05-01 2024-04-30 04595736 c:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 04595736 c:FullAccounts 2023-05-01 2024-04-30 04595736 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04595736 d:Subsidiary1 2023-05-01 2024-04-30 04595736 d:Subsidiary1 1 2023-05-01 2024-04-30 04595736 2 2023-05-01 2024-04-30 04595736 6 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Registered number: 04595736









APEX STEEL HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
APEX STEEL HOLDINGS LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 7


 
APEX STEEL HOLDINGS LIMITED
REGISTERED NUMBER: 04595736

BALANCE SHEET
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
1,200,000
1,200,000

  
1,200,000
1,200,000

Current assets
  

Debtors: amounts falling due within one year
 5 
57,160
45,334

Cash at bank and in hand
 6 
2,448
497,283

  
59,608
542,617

Creditors: amounts falling due within one year
 7 
(771,363)
(1,254,372)

Net current liabilities
  
 
 
(711,755)
 
 
(711,755)

Total assets less current liabilities
  
488,245
488,245

  

Net assets
  
488,245
488,245


Capital and reserves
  

Called up share capital 
  
180
180

Share premium account
  
479,820
479,820

Profit and loss account
  
8,245
8,245

  
488,245
488,245


Page 1

 
APEX STEEL HOLDINGS LIMITED
REGISTERED NUMBER: 04595736
    
BALANCE SHEET (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 February 2025.




D G Jarvis
Director

Page 2

 
APEX STEEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1.


General information

Apex Steel Holdings Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 04595736. The address of the registered office is Haslers, Old Station Road, Loughton, Essex, IG10 4PL. The nature of the company's operations and principal activities relate to the construction of commercial buildings.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest pound sterling.

The following principal accounting policies have been applied:

 
2.2

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.3

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 3

 
APEX STEEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

2.Accounting policies (continued)

 
2.7

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

The Company has elected to apply the recognition and measurement provisions of IFRS 9 Financial Instruments (as adopted by the UK Endorsement Board) with the disclosure requirements of Sections 11 and 12 and the other presentation requirements of FRS 102.

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Other financial assets

Other financial assets, which includes investments in equity instruments which are not classified as subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the recognised transaction price. Such assets are subsequently measured at fair value with the changes in fair value being recognised in the profit or loss. Where other financial assets are not publicly traded, hence their fair value cannot be measured reliably, they are measured at cost less impairment.

 
2.8

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 4

 
APEX STEEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 May 2023
1,200,000



At 30 April 2024
1,200,000





Subsidiary undertaking


The following was a subsidiary undertaking of the Company:

Name

Class of shares

Holding

Apex Steel Structures Limited
Ordinary
100%

The aggregate of the share capital and reserves as at 30 April 2024 and the profit or loss for the year ended on that date for the subsidiary undertaking was as follows:

Name
Profit/(Loss)

Apex Steel Structures Limited
1,408,705


5.


Debtors

2024
2023
£
£


Other debtors
57,159
45,334

Prepayments and accrued income
1
-

57,160
45,334



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
2,448
497,283

2,448
497,283


Page 5

 
APEX STEEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
-
900

Amounts owed to group undertakings
764,873
1,239,797

Other creditors
6,490
10,260

Accruals and deferred income
-
3,415

771,363
1,254,372


Page 6

 
APEX STEEL HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

8.


Related party transactions

Dividends of £495,000 (2023: £514,000) were paid to key management personnel.
At the year end, following amounts were due from/(to) the related parties:


2024
2023
£
£

Key management personnel
2,025
(10,261)
Entities under common control
(806,274)
(1,239,796)
(804,249)
(1,250,057)


9.


Controlling party

The ultimate controlling party is the Jarvis family by virtue of their majority shareholdings.

 
Page 7