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Registration number: 09334095

APA Procurement Training Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2024

 

APA Procurement Training Limited

Contents

Accountants' Report

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 9

 

Accountants' Report to the Board of Directors
on the Preparation of the Unaudited Statutory Accounts of
APA Procurement Training Limited
for the Year Ended 31 August 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of APA Procurement Training Limited for the year ended 31 August 2024 as set out on pages 2 to 9 from the company's accounting records and from information and explanations you have given us.

This report is made solely to the Board of Directors of APA Procurement Training Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of APA Procurement Training Limited and state those matters that we have agreed to state to the Board of Directors of APA Procurement Training Limited, as a body. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than APA Procurement Training Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that APA Procurement Training Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of APA Procurement Training Limited. You consider that APA Procurement Training Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of APA Procurement Training Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

TSH Professional Services Ltd
3 Bignell Park Barns
Chesterton
Bicester
Oxfordshire
OX26 1TD

21 May 2025

 

APA Procurement Training Limited

(Registration number: 09334095)
Balance Sheet as at 31 August 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,857

9,067

Current assets

 

Debtors

5

88,348

75,772

Cash at bank and in hand

 

156,173

137,009

 

244,521

212,781

Creditors: Amounts falling due within one year

6

(175,399)

(146,224)

Net current assets

 

69,122

66,557

Total assets less current liabilities

 

76,979

75,624

Provisions for liabilities

(1,964)

(2,267)

Net assets

 

75,015

73,357

Capital and reserves

 

Called up share capital

7

200

200

Retained earnings

74,815

73,157

Shareholders' funds

 

75,015

73,357

 

APA Procurement Training Limited

(Registration number: 09334095)
Balance Sheet as at 31 August 2024

For the financial year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 May 2025 and signed on its behalf by:
 

.........................................
Mr Ian Robert Penman
Director

 

APA Procurement Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Anchor Business Centre
Frankland Road
Swindon
SN5 8YZ
United Kingdom

These financial statements were authorised for issue by the Board on 21 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in pounds sterling, rounded to the nearest pound.

Judgements

Provision for deferred taxation has been made on the basis that timing differences are expected to reverse at a time when the company is subject to Corporation Tax at the rate of 19%. The directors have taken into account announced changes to the rate of Corporatiion Tax and the forecast level of profits for the respective years.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

APA Procurement Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

APA Procurement Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2023 - 3).

 

APA Procurement Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2023

34,857

34,857

Additions

1,196

1,196

At 31 August 2024

36,053

36,053

Depreciation

At 1 September 2023

25,790

25,790

Charge for the year

2,406

2,406

At 31 August 2024

28,196

28,196

Carrying amount

At 31 August 2024

7,857

7,857

At 31 August 2023

9,067

9,067

5

Debtors

Current

2024
£

2023
£

Trade debtors

37,601

41,485

Prepayments

3,699

5,420

Other debtors

47,048

28,867

 

88,348

75,772

 

APA Procurement Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Taxation and social security

39,237

31,434

Accruals and deferred income

134,131

113,214

Other creditors

2,031

1,576

175,399

146,224

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

8

Dividends

Interim dividends paid

2024
£

2023
£

Interim dividend of £262.50 (2023 - £300.00) per each Ordinary

52,500

60,000

 

 

9

Related party transactions

Dividends paid to Key Management in the year were £52,500 (2023:£60,000).
Advances to participators were £43,793 (2023:£27,070).

Loans to related parties

 

APA Procurement Training Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 August 2024

2024

Key management
£

Total
£

At start of period

27,070

27,070

Advanced

43,793

43,793

Repaid

(27,070)

(27,070)

At end of period

43,793

43,793

2023

Key management
£

Total
£

Advanced

27,070

27,070

At end of period

27,070

27,070

Terms of loans to related parties

The advance is repayable within 9 months of the balance sheet date and is interest-bearing at the rate of 2.3% pa.