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REGISTERED NUMBER: 02502622 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2024

for

APEX ELECTRONICS LIMITED

APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622)

Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 162,368 173,015

CURRENT ASSETS
Stocks 357,265 351,671
Debtors 5 243,284 290,658
Cash at bank and in hand 1,028,059 1,028,747
1,628,608 1,671,076
CREDITORS
Amounts falling due within one year 6 229,951 192,237
NET CURRENT ASSETS 1,398,657 1,478,839
TOTAL ASSETS LESS CURRENT LIABILITIES 1,561,025 1,651,854

PROVISIONS FOR LIABILITIES 7,313 9,729
NET ASSETS 1,553,712 1,642,125

CAPITAL AND RESERVES
Called up share capital 1 1
Revaluation reserve 7 54,060 54,060
Retained earnings 1,499,651 1,588,064
SHAREHOLDERS' FUNDS 1,553,712 1,642,125

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622)

Balance Sheet - continued
31 August 2024


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:





D Mckay - Director


APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622)

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

1. STATUTORY INFORMATION

Apex Electronics Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02502622

Registered office: Brook House
Mount Pleasant
Crowborough
East Sussex
TN6 2NE

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.
Land and buildings - not provided
Plant and machinery etc - 25% on reducing balance and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 5 (2023 - 5 ) .

APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 September 2023 128,650 78,112 206,762
Additions - 1,062 1,062
Disposals - (72 ) (72 )
At 31 August 2024 128,650 79,102 207,752
DEPRECIATION
At 1 September 2023 - 33,747 33,747
Charge for year - 11,709 11,709
Eliminated on disposal - (72 ) (72 )
At 31 August 2024 - 45,384 45,384
NET BOOK VALUE
At 31 August 2024 128,650 33,718 162,368
At 31 August 2023 128,650 44,365 173,015

Included in cost of land and buildings is freehold land of £ 128,650 (2023 - £ 128,650 ) which is not depreciated.

The land and buildings have not been depreciated because the Directors feel that the deprecation charge would be immaterial as the residual value of the land and buildings is at least equal to the cost of the land and buildings shown in the financial statements.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 225,475 288,443
Other debtors 17,809 2,215
243,284 290,658

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 58,353 44,020
Taxation and social security 162,083 143,027
Other creditors 9,515 5,190
229,951 192,237

APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

7. RESERVES
Revaluation
reserve
£   
At 1 September 2023
and 31 August 2024 54,060

8. RELATED PARTY DISCLOSURES

During the year, total dividends of £193,800 (2023 - £245,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

The controlling party is The Directors.