IRIS Accounts Production v25.1.3.33 13153437 Board of Directors 1.2.24 31.1.25 31.1.25 false true false false true false 84975 66363 140101 126327 193892 107715 31184 84975 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh131534372024-01-31131534372025-01-31131534372024-02-012025-01-31131534372023-01-31131534372023-02-012024-01-31131534372024-01-3113153437ns15:EnglandWales2024-02-012025-01-3113153437ns14:PoundSterling2024-02-012025-01-3113153437ns10:Director12024-02-012025-01-3113153437ns10:PrivateLimitedCompanyLtd2024-02-012025-01-3113153437ns10:SmallEntities2024-02-012025-01-3113153437ns10:AuditExempt-NoAccountantsReport2024-02-012025-01-3113153437ns10:SmallCompaniesRegimeForDirectorsReport2024-02-012025-01-3113153437ns10:SmallCompaniesRegimeForAccounts2024-02-012025-01-3113153437ns10:FullAccounts2024-02-012025-01-3113153437ns10:Director2422024-01-3113153437ns10:Director2422023-01-3113153437ns10:Director2422024-02-012025-01-3113153437ns10:Director2422023-02-012024-01-3113153437ns10:Director2422025-01-3113153437ns10:Director2422024-01-3113153437ns10:Director22024-02-012025-01-3113153437ns10:RegisteredOffice2024-02-012025-01-3113153437ns5:CurrentFinancialInstruments2025-01-3113153437ns5:CurrentFinancialInstruments2024-01-3113153437ns5:Non-currentFinancialInstruments2025-01-3113153437ns5:Non-currentFinancialInstruments2024-01-3113153437ns5:ShareCapital2025-01-3113153437ns5:ShareCapital2024-01-3113153437ns5:RetainedEarningsAccumulatedLosses2025-01-3113153437ns5:RetainedEarningsAccumulatedLosses2024-01-3113153437ns5:FurnitureFittings2024-02-012025-01-3113153437ns5:PlantMachinery2024-01-3113153437ns5:PlantMachinery2024-02-012025-01-3113153437ns5:PlantMachinery2025-01-3113153437ns5:PlantMachinery2024-01-3113153437ns5:CostValuation2024-01-3113153437ns5:WithinOneYearns5:CurrentFinancialInstruments2025-01-3113153437ns5:WithinOneYearns5:CurrentFinancialInstruments2024-01-3113153437ns5:Non-currentFinancialInstruments2024-02-012025-01-3113153437ns5:WithinOneYear2025-01-3113153437ns5:WithinOneYear2024-01-3113153437ns5:BetweenOneFiveYears2025-01-3113153437ns5:BetweenOneFiveYears2024-01-3113153437ns5:AllPeriods2025-01-3113153437ns5:AllPeriods2024-01-31131534371ns10:Director12024-01-31131534371ns10:Director12023-01-31131534371ns10:Director12024-02-012025-01-31131534371ns10:Director12023-02-012024-01-31131534371ns10:Director12025-01-31131534371ns10:Director12024-01-31
REGISTERED NUMBER: 13153437 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2025

for

Apex Financial Services & Wealth
Management Ltd

Apex Financial Services & Wealth
Management Ltd (Registered number: 13153437)






Contents of the Financial Statements
for the Year Ended 31 January 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Apex Financial Services & Wealth
Management Ltd

Company Information
for the Year Ended 31 January 2025







DIRECTORS: Mr M A Jones
Mrs H Jones





REGISTERED OFFICE: c/o Wilson Partners Limited
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN





REGISTERED NUMBER: 13153437 (England and Wales)





ACCOUNTANTS: Wilson Partners Limited
Chartered Accountants
TOR
Saint-Cloud Way
Maidenhead
Berkshire
SL6 8BN

Apex Financial Services & Wealth
Management Ltd (Registered number: 13153437)

Balance Sheet
31 January 2025

31.1.25 31.1.24
Notes £    £   
FIXED ASSETS
Tangible assets 4 7,225 1,558
Investments 5 1,173,675 1,173,675
1,180,900 1,175,233

CURRENT ASSETS
Debtors 6 81,487 110,128
Cash at bank 27,190 20,663
108,677 130,791
CREDITORS
Amounts falling due within one year 7 (161,464 ) (127,171 )
NET CURRENT (LIABILITIES)/ASSETS (52,787 ) 3,620
TOTAL ASSETS LESS CURRENT LIABILITIES 1,128,113 1,178,853

CREDITORS
Amounts falling due after more than one year 8 (402,771 ) (473,924 )

PROVISIONS FOR LIABILITIES (1,806 ) (390 )
NET ASSETS 723,536 704,539

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 723,336 704,339
723,536 704,539

Apex Financial Services & Wealth
Management Ltd (Registered number: 13153437)

Balance Sheet - continued
31 January 2025


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 14 May 2025 and were signed on its behalf by:





Mr M A Jones - Director


Apex Financial Services & Wealth
Management Ltd (Registered number: 13153437)

Notes to the Financial Statements
for the Year Ended 31 January 2025

1. STATUTORY INFORMATION

Apex Financial Services & Wealth Management 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.

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.

Significant judgements and estimates
In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

The company does not make significant estimates and assumptions concerning the future.

Turnover
Turnover relates to income earned in respect of financial services and comprises initial fees and commission receivable at the outset of a policy renewal, commission receivable on regular contributions, trail commission based on funds under management and ongoing adviser charges. Income is recognised when the company has the 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.
Fixtures and fittings - 20% on cost

Tangible fixed assets are included at cost less depreciation and impairment.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less any impairments.

Financial instruments
Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.


Apex Financial Services & Wealth
Management Ltd (Registered number: 13153437)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2024 1,836
Additions 6,077
At 31 January 2025 7,913
DEPRECIATION
At 1 February 2024 278
Charge for year 410
At 31 January 2025 688
NET BOOK VALUE
At 31 January 2025 7,225
At 31 January 2024 1,558

Apex Financial Services & Wealth
Management Ltd (Registered number: 13153437)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

5. FIXED ASSET INVESTMENTS
Shares in
group
undertaking
£   
COST
At 1 February 2024
and 31 January 2025 1,173,675
NET BOOK VALUE
At 31 January 2025 1,173,675
At 31 January 2024 1,173,675

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Other debtors 81,487 110,128

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans and overdrafts 70,047 70,211
Trade creditors 867 2,081
Taxation and social security 58,506 48,672
Other creditors 32,044 6,207
161,464 127,171

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.25 31.1.24
£    £   
Bank loans 402,771 473,924

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 116,745 193,080

The loan carries an interest rate of 8.25% (2024: 8.75%) and is repayable within 10 years.

Apex Financial Services & Wealth
Management Ltd (Registered number: 13153437)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2025

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.1.25 31.1.24
£    £   
Within one year 21,324 21,324
Between one and five years 3,554 24,878
24,878 46,202

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25 31.1.24
£    £   
Mr M A Jones and Mrs H Jones
Balance outstanding at start of year 84,975 66,363
Amounts advanced 140,101 126,327
Amounts repaid (193,892 ) (107,715 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 31,184 84,975

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mr M A Jones.