2023-12-012024-11-302024-11-30false06425586Apex Electrical (SW) 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Apex Electrical (SW) Limited

Registered Number
06425586
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

Apex Electrical (SW) Limited
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

Starnes, Nathan Lee John

Company Secretary

Starnes, Nathan Lee John

Registered Address

Unit 6 10 Armoury Road
Lufton Trading Estate
Yeovil
BA22 8RL

Registered Number

06425586 (England and Wales)
Apex Electrical (SW) Limited
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets314,50019,112
14,50019,112
Current assets
Stocks4,3286,582
Debtors442,03366,744
Cash at bank and on hand2,3269,151
48,68782,477
Creditors amounts falling due within one year5(26,557)(59,395)
Net current assets (liabilities)22,13023,082
Total assets less current liabilities36,63042,194
Provisions for liabilities(2,755)(3,631)
Net assets33,87538,563
Capital and reserves
Called up share capital22
Profit and loss account33,87338,561
Shareholders' funds33,87538,563
The financial statements were approved and authorised for issue by the Director on 19 August 2025, and are signed on its behalf by:
Starnes, Nathan Lee John
Director
Registered Company No. 06425586
Apex Electrical (SW) Limited
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from rendering of services
Revenue 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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
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.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings20-
Vehicles25-
Office Equipment-4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees
The average number of employees includes the director.

20242023
Average number of employees during the year46
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 2360,243
Additions977
At 30 November 2461,220
Depreciation and impairment
At 01 December 2341,132
Charge for year5,588
At 30 November 2446,720
Net book value
At 30 November 2414,500
At 30 November 2319,112
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables37,77665,130
Other debtors500500
Prepayments and accrued income3,7571,114
Total42,03366,744
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.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables3,4316,910
Taxation and social security14,24525,361
Other creditors7,88726,098
Accrued liabilities and deferred income9941,026
Total26,55759,395
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.