IRIS Accounts Production v25.1.4.42 11026013 Board of Directors 1.11.23 31.10.24 31.10.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110260132023-10-31110260132024-10-31110260132023-11-012024-10-31110260132022-10-31110260132022-11-012023-10-31110260132023-10-3111026013ns15:EnglandWales2023-11-012024-10-3111026013ns14:PoundSterling2023-11-012024-10-3111026013ns10:Director12023-11-012024-10-3111026013ns10:PrivateLimitedCompanyLtd2023-11-012024-10-3111026013ns10:SmallEntities2023-11-012024-10-3111026013ns10:AuditExempt-NoAccountantsReport2023-11-012024-10-3111026013ns10:SmallCompaniesRegimeForDirectorsReport2023-11-012024-10-3111026013ns10:SmallCompaniesRegimeForAccounts2023-11-012024-10-3111026013ns10:FullAccounts2023-11-012024-10-3111026013ns10:Director22023-11-012024-10-3111026013ns10:Director32023-11-012024-10-3111026013ns10:RegisteredOffice2023-11-012024-10-3111026013ns5:CurrentFinancialInstruments2024-10-3111026013ns5:CurrentFinancialInstruments2023-10-3111026013ns5:Non-currentFinancialInstruments2024-10-3111026013ns5:Non-currentFinancialInstruments2023-10-3111026013ns5:ShareCapital2024-10-3111026013ns5:ShareCapital2023-10-3111026013ns5:RetainedEarningsAccumulatedLosses2024-10-3111026013ns5:RetainedEarningsAccumulatedLosses2023-10-3111026013ns5:PlantMachinery2023-10-3111026013ns5:PlantMachinery2023-11-012024-10-3111026013ns5:PlantMachinery2024-10-3111026013ns5:PlantMachinery2023-10-3111026013ns5:WithinOneYearns5:CurrentFinancialInstruments2024-10-3111026013ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3111026013ns10:Director222023-10-3111026013ns10:Director222022-10-3111026013ns10:Director222023-11-012024-10-3111026013ns10:Director222022-11-012023-10-3111026013ns10:Director222024-10-3111026013ns10:Director222023-10-31110260131ns10:Director12023-10-31110260131ns10:Director12022-10-31110260131ns10:Director12023-11-012024-10-31110260131ns10:Director12022-11-012023-10-31110260131ns10:Director12024-10-31110260131ns10:Director12023-10-31110260133ns10:Director32023-10-31110260133ns10:Director32022-10-31110260133ns10:Director32023-11-012024-10-31110260133ns10:Director32022-11-012023-10-31110260133ns10:Director32024-10-31110260133ns10:Director32023-10-31
REGISTERED NUMBER: 11026013 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2024

for

Apex Electrical Limited

Apex Electrical Limited (Registered number: 11026013)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Apex Electrical Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: L R Hall
C Smith
A Wild





REGISTERED OFFICE: Suite 9 Corum Two
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ





REGISTERED NUMBER: 11026013 (England and Wales)





ACCOUNTANTS: Obsidian Accountancy Limited
Suite 9 Corum Two
Corum Office Park
Crown Way
Warmley
Bristol
BS30 8FJ

Apex Electrical Limited (Registered number: 11026013)

Balance Sheet
31 October 2024

31.10.24 31.10.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 45,571 59,087

CURRENT ASSETS
Stocks 54,692 63,859
Debtors 5 345,933 299,136
Cash at bank 114,418 65,449
515,043 428,444
CREDITORS
Amounts falling due within one year 6 182,679 129,102
NET CURRENT ASSETS 332,364 299,342
TOTAL ASSETS LESS CURRENT
LIABILITIES

377,935

358,429

CREDITORS
Amounts falling due after more than
one year

7

5,745

15,745
NET ASSETS 372,190 342,684

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 372,187 342,681
372,190 342,684

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 Electrical Limited (Registered number: 11026013)

Balance Sheet - continued
31 October 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 17 July 2025 and were signed on its behalf by:





L R Hall - Director


Apex Electrical Limited (Registered number: 11026013)

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

1. STATUTORY INFORMATION

Apex Electrical 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 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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Apex Electrical Limited (Registered number: 11026013)

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

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2023 86,441
Additions 2,586
At 31 October 2024 89,027
DEPRECIATION
At 1 November 2023 27,354
Charge for year 16,102
At 31 October 2024 43,456
NET BOOK VALUE
At 31 October 2024 45,571
At 31 October 2023 59,087

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 123,614 84,800
Amounts owed by group undertakings 78,340 -
Other debtors 143,979 214,336
345,933 299,136

Apex Electrical Limited (Registered number: 11026013)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,088 10,088
Trade creditors 7,601 1
Taxation and social security 157,268 106,061
Other creditors 7,722 12,952
182,679 129,102

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans 5,745 15,745

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
C Smith
Balance outstanding at start of year 35,531 26,113
Amounts advanced 22,380 36,418
Amounts repaid (36,000 ) (27,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 21,911 35,531

L R Hall
Balance outstanding at start of year 84,800 55,870
Amounts advanced 26,173 84,930
Amounts repaid (85,000 ) (56,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,973 84,800

A Wild
Balance outstanding at start of year 51,841 41,177
Amounts advanced 9,155 52,664
Amounts repaid (52,000 ) (42,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 8,996 51,841

Apex Electrical Limited (Registered number: 11026013)

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

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES - continued

The company charged interest to the directors on the outstanding loans during the year of £2,226 (2023 £2,948).