Registered number
07433209
APEXGROVE LIMITED
Filleted Accounts
30 November 2024
APEXGROVE LIMITED
Registered number: 07433209
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 10,000 10,000
Tangible assets 4 7,907 9,882
17,907 19,882
Current assets
Stocks 78,223 77,668
Debtors 5 - 1,397
Cash at bank and in hand 19,559 13,064
97,782 92,129
Creditors: amounts falling due within one year 6 (84,911) (72,376)
Net current assets 12,871 19,753
Total assets less current liabilities 30,778 39,635
Creditors: amounts falling due after more than one year 7 (14,999) (24,998)
Net assets 15,779 14,637
Capital and reserves
Called up share capital 1 1
Share premium - -
Revaluation reserve - -
Profit and loss account 15,778 14,636
Shareholder's funds 15,779 14,637
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mehmet Karagoz
Director
Approved by the board on 11 August 2025
APEXGROVE LIMITED
Notes to the Accounts
for the year ended 30 November 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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 including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
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 net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 December 2023 10,000
Additions -
At 30 November 2024 10,000
Amortisation
At 1 December 2023 -
Provided during the year -
At 30 November 2024 -
Net book value
At 30 November 2024 10,000
At 30 November 2023 10,000
4 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 December 2023 - 6,500 12,570 19,070
Additions - - - -
Surplus on revaluation - - - -
Disposals - - - -
At 30 November 2024 - 6,500 12,570 19,070
Depreciation
At 1 December 2023 - 4,866 4,322 9,188
Charge for the year - 326 1,649 1,975
Surplus on revaluation - - - -
On disposals - - - -
At 30 November 2024 - 5,192 5,971 11,163
Net book value
At 30 November 2024 - 1,308 6,599 7,907
At 30 November 2023 - 1,634 8,248 9,882
5 Debtors 2024 2023
£ £
Trade debtors - 1,397
- 1,397
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 1,488 2,136
Taxation and social security costs 7,044 8,210
Director's accounts 76,379 62,030
84,911 72,376
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 14,999 24,998
14,999 24,998
8 Controlling party
Mehmet Karagoz
9 Other information
APEXGROVE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
59 Park Road
London
E10 7BZ
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