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REGISTERED NUMBER: 00739794 (England and Wales)















APEX DIAMOND PRODUCTS LIMITED

Unaudited Financial Statements for the Year Ended 31 December 2024






APEX DIAMOND PRODUCTS LIMITED (REGISTERED NUMBER: 00739794)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3 to 5


APEX DIAMOND PRODUCTS LIMITED

Company Information
for the year ended 31 December 2024







Directors: J Cleverley
S Cleverley





Registered office: Unit 10 Bartleet Road
Washford Indl. Estate
Redditch
Worcs.
B98 0DQ





Registered number: 00739794 (England and Wales)





Accountants: Cooper Parry Advisory Limited
CUBO Birmingham
4th Floor
Two Chamberlain Square
Birmingham
West Midlands
B3 3AX

APEX DIAMOND PRODUCTS LIMITED (REGISTERED NUMBER: 00739794)

Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 294,818 320,241

Current assets
Stocks 43,405 58,639
Debtors 5 181,795 333,007
Cash at bank and in hand 319,990 285,506
545,190 677,152
Creditors
Amounts falling due within one year 6 86,754 147,100
Net current assets 458,436 530,052
Total assets less current liabilities 753,254 850,293

Provisions for liabilities 57,266 63,901
Net assets 695,988 786,392

Capital and reserves
Called up share capital 7 5,040 5,040
Revaluation reserve 56,259 56,259
Capital redemption reserve 4,960 4,960
Retained earnings 629,729 720,133
Shareholders' funds 695,988 786,392

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

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

The financial statements were approved by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:





S Cleverley - Director


APEX DIAMOND PRODUCTS LIMITED (REGISTERED NUMBER: 00739794)

Notes to the Financial Statements
for the year ended 31 December 2024

1. Statutory information

Apex Diamond Products 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 recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods
Turnover from the sale of goods is recognised when all of the following conditions are satisfied:

- the company has transferred the significant risks and rewards of ownership to the buyer;
- the company retains neither continuing managerial involvement to the degree usually associated with ownership
nor effective control over the goods sold;
- the amount of turnover can be measured reliably;
- it is probable that the company will receive the consideration due under the transaction; and
- the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold buildings -2.5% straight line
Plant & machinery-15% reducing balance
Fixtures & fittings-15% reducing balance


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
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities such as trade and other debtors and creditors, loans from banks and other third parties, loans with related parties and investments in ordinary shares.

All financial assets and liabilities are initially measured at transaction price and subsequently measured at amortised cost.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the company would receive for the asset if it were to be sold at the balance sheet date

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 statement of financial position date.

APEX DIAMOND PRODUCTS LIMITED (REGISTERED NUMBER: 00739794)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. Accounting policies - continued

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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.

Debtors and creditors receivable/payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3. Employees and directors

The average number of employees during the year was 16 (2023 - 16 ) .

4. Tangible fixed assets
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
Cost
At 1 January 2024 124,225 610,579 39,170 773,974
Additions 4,600 12,259 1,643 18,502
At 31 December 2024 128,825 622,838 40,813 792,476
Depreciation
At 1 January 2024 61,047 365,063 27,623 453,733
Charge for year 3,220 38,724 1,981 43,925
At 31 December 2024 64,267 403,787 29,604 497,658
Net book value
At 31 December 2024 64,558 219,051 11,209 294,818
At 31 December 2023 63,178 245,516 11,547 320,241

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 178,432 289,808
VAT - 39,935
Prepayments 3,363 3,264
181,795 333,007

APEX DIAMOND PRODUCTS LIMITED (REGISTERED NUMBER: 00739794)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 23,039 42,174
Corporation tax 29,889 74,208
Social security and other taxes 22,039 21,998
VAT 3,945 -
Other creditors 4,246 5,229
Accruals and deferred income 3,596 3,491
86,754 147,100

7. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
5,040 Ordinary £1 5,040 5,040

8. Related party disclosures

The company was controlled by its directors throughout the current and previous year. The company has no individual controlling party.