REGISTERED NUMBER: 06062807 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2025

for

Apex Lettings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M J Challenger

Mrs N Owen

REGISTERED OFFICE:

3 Market Street

Aberdare

RCT

CF44 7DY

REGISTERED NUMBER:

06062807 (England and Wales)

ACCOUNTANTS:

C Hergest Ltd

AAT Licensed Accountant

28 High Street

Aberdare

RCT

CF44 7AA

FIXED ASSETS

Intangible assets

4

45,000

45,000

Tangible assets

5

11,704

15,326

56,704

60,326

CURRENT ASSETS

Debtors

6

2,729

4,462

Cash at bank and in hand

145,042

193,679

147,771

198,141

CREDITORS

Amounts falling due within one year

7

179,437

199,758

NET CURRENT LIABILITIES

(31,666

)

(1,617

)

TOTAL ASSETS LESS CURRENT LIABILITIES

25,038

58,709

CREDITORS

Amounts falling due after more than one year

8

(23,397

)

(28,814

)

PROVISIONS FOR LIABILITIES

(287

)

(287

)

NET ASSETS

1,354

29,608

CAPITAL AND RESERVES

Called up share capital

10

66

66

Retained earnings

11

1,288

29,542

SHAREHOLDERS' FUNDS

1,354

29,608

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 April 2025 and were signed on its behalf by:

M J Challenger - Director

Mrs N Owen - Director

1.	STATUTORY INFORMATION

Apex Lettings Ltd 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.

Fixtures and fittings

-

20% on cost

Computer equipment

-

20% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

45,000

NET BOOK VALUE

At 31 January 2025

45,000

At 31 January 2024

45,000

5.	TANGIBLE FIXED ASSETS

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST

At 1 February 2024

3,238

14,000

7,212

24,450

Additions

-

-

865

865

At 31 January 2025

3,238

14,000

8,077

25,315

DEPRECIATION

At 1 February 2024

2,534

2,333

4,257

9,124

Charge for year

276

2,917

1,294

4,487

At 31 January 2025

2,810

5,250

5,551

13,611

NET BOOK VALUE

At 31 January 2025

428

8,750

2,526

11,704

At 31 January 2024

704

11,667

2,955

15,326

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Other debtors

381

1,795

Prepayments

2,348

2,667

2,729

4,462

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts (see note 9)

6,233

6,371

Apex Estates (Aberdare) Ltd

80,932

75,932

Tax

10,141

21,805

Social security and other taxes

6,169

5,616

VAT

13,298

14,073

Other creditors

58,038

68,262

Directors' current accounts

150

149

Accrued expenses

4,476

7,550

179,437

199,758

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans (see note 9)

23,397

28,814

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

23,397

28,814

9.

LOANS

An analysis of the maturity of loans is given below:

31.1.25

31.1.24

£

£

Amounts falling due within one year or on demand:

Bank loans

6,233

6,371

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

23,397

28,814

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

£

66

Ordinary

1

66

66

11.

RESERVES

Retained

earnings

£

At 1 February 2024

29,542

Profit for the year

41,746

Dividends

(70,000

)

At 31 January 2025

1,288