Registered number
08322970
Concept APC Limited
Filleted Accounts
31 December 2024
Concept APC Limited
Registered number: 08322970
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - 635,000
Current assets
Debtors 4 117,207 19,707
Cash at bank and in hand 111,148 344
228,355 20,051
Creditors: amounts falling due within one year 5 (192,101) (552,242)
Net current assets/(liabilities) 36,254 (532,191)
Total assets less current liabilities 36,254 102,809
Provisions for liabilities - (42,299)
Net assets 36,254 60,510
Capital and reserves
Called up share capital 6 6
Revaluation reserve 6 - 226,813
Profit and loss account 36,248 (166,309)
Shareholders' funds 36,254 60,510
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Dr P Rogers
Director
Approved by the board on 28 May 2025
Concept APC Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents amounts receivable for rent and insurance.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings nil
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024 635,000
Disposals (635,000)
At 31 December 2024 -
Depreciation
At 31 December 2024 -
Net book value
At 31 December 2024 -
At 31 December 2023 635,000
4 Debtors 2024 2023
£ £
Trade debtors 97,500 -
Other debtors 19,707 19,707
117,207 19,707
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans - 195,724
Taxation and social security costs 41,937 -
Other creditors 150,164 356,518
192,101 552,242
6 Revaluation reserve 2024 2023
£ £
At 1 January 2024 226,813 234,112
Gain on revaluation of land and buildings - 35,000
Deferred taxation arising on the revaluation of land and buildings 42,299 (42,299)
Disposal (269,112) -
At 31 December 2024 - 226,813
7 Other information
Concept APC Limited is a private company limited by shares and incorporated in England. Its registered office is:
22 Festing Road
Southsea
Hampshire
PO4 0NG
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