IRIS Accounts Production v25.2.0.378 05651694 Board of Directors 1.1.24 31.12.24 31.12.24 false true false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 05651694 2023-12-31 05651694 2024-12-31 05651694 2024-01-01 2024-12-31 05651694 2022-12-31 05651694 2023-01-01 2023-12-31 05651694 2023-12-31 05651694 ns15:EnglandWales 2024-01-01 2024-12-31 05651694 ns14:PoundSterling 2024-01-01 2024-12-31 05651694 ns10:Director1 2024-01-01 2024-12-31 05651694 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05651694 ns10:SmallEntities 2024-01-01 2024-12-31 05651694 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 05651694 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 05651694 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05651694 ns10:FullAccounts 2024-01-01 2024-12-31 05651694 ns10:Director3 2024-01-01 2024-12-31 05651694 ns10:Director4 2024-01-01 2024-12-31 05651694 ns10:RegisteredOffice 2024-01-01 2024-12-31 05651694 ns5:CurrentFinancialInstruments 2024-12-31 05651694 ns5:CurrentFinancialInstruments 2023-12-31 05651694 ns5:Non-currentFinancialInstruments 2024-12-31 05651694 ns5:Non-currentFinancialInstruments 2023-12-31 05651694 ns5:ShareCapital 2024-12-31 05651694 ns5:ShareCapital 2023-12-31 05651694 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 05651694 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 05651694 ns5:LeaseholdImprovements 2024-01-01 2024-12-31 05651694 ns5:PlantMachinery 2024-01-01 2024-12-31 05651694 ns5:FurnitureFittings 2024-01-01 2024-12-31 05651694 ns5:MotorVehicles 2024-01-01 2024-12-31 05651694 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 05651694 ns5:LeaseholdImprovements 2023-12-31 05651694 ns5:PlantMachinery 2023-12-31 05651694 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-01-01 2024-12-31 05651694 ns5:LandBuildings ns5:ShortLeaseholdAssets 2024-12-31 05651694 ns5:LeaseholdImprovements 2024-12-31 05651694 ns5:PlantMachinery 2024-12-31 05651694 ns5:LandBuildings ns5:ShortLeaseholdAssets 2023-12-31 05651694 ns5:LeaseholdImprovements 2023-12-31 05651694 ns5:PlantMachinery 2023-12-31 05651694 ns5:FurnitureFittings 2023-12-31 05651694 ns5:MotorVehicles 2023-12-31 05651694 ns5:FurnitureFittings 2024-12-31 05651694 ns5:MotorVehicles 2024-12-31 05651694 ns5:FurnitureFittings 2023-12-31 05651694 ns5:MotorVehicles 2023-12-31 05651694 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2023-12-31 05651694 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-12-31 05651694 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2024-01-01 2024-12-31 05651694 ns5:MotorVehicles ns5:LeasedAssetsHeldAsLessee 2023-12-31 05651694 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 05651694 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 05651694 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2024-12-31 05651694 ns5:Non-currentFinancialInstruments ns5:BetweenTwoFiveYears 2023-12-31

REGISTERED NUMBER: 05651694 (England and Wales)

| UNAUDITED FINANCIAL STATEMENTS |

| FOR THE YEAR ENDED 31 DECEMBER 2024 |

| FOR |

| APEX DISPLAYS (LEICESTER) LIMITED |

APEX DISPLAYS (LEICESTER) LIMITED (REGISTERED NUMBER: 05651694) |

CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

Page |

| Company Information | 1 |

| Balance Sheet | 2 |

| Notes to the Financial Statements | 4 |

| APEX DISPLAYS (LEICESTER) LIMITED |

COMPANY INFORMATION

FOR THE YEAR ENDED 31 DECEMBER 2024

| DIRECTORS: | Hayley Kim Warrilow

| Carl John Pick

| Neil Titchmarsh

| REGISTERED OFFICE: | Unit A2

| Blaby Industrial Park

| Winchester Avenue

| Blaby

| Leicestershire

| LE8 4GZ

| REGISTERED NUMBER: | 05651694 (England and Wales)

| ACCOUNTANTS: | Armstrongs Hinckley Ltd

| 25 Station Road

| Hinckley

| Leicestershire

| LE10 1AP

APEX DISPLAYS (LEICESTER) LIMITED (REGISTERED NUMBER: 05651694) |

BALANCE SHEET

31 DECEMBER 2024

| 2024 | 2023 |

| Notes | £ | £ | £ | £ |

FIXED ASSETS

Tangible assets | 4 | 258,135 |  | 250,413 |  |

CURRENT ASSETS

Stocks | 235,974 |  | 245,832 |  |

Debtors | 5 | 911,381 |  | 583,335 |  |

Cash at bank and in hand | 497,460 |  | 409,914 |  |

1,644,815 |  | 1,239,081 |  |

CREDITORS

Amounts falling due within one year | 6 | 791,602 |  | 582,188 |  |

NET CURRENT ASSETS | 853,213 |  | 656,893 |  |

TOTAL ASSETS LESS CURRENT LIABILITIES | 1,111,348 |  | 907,306 |  |

CREDITORS

Amounts falling due after more than one year | 7 | 79,781 |  | 179,714 |  |

NET ASSETS | 1,031,567 |  | 727,592 |  |

CAPITAL AND RESERVES

Called up share capital | 100 |  | 100 |  |

Retained earnings | 1,031,467 |  | 727,492 |  |

SHAREHOLDERS' FUNDS | 1,031,567 |  | 727,592 |  |

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 DISPLAYS (LEICESTER) LIMITED (REGISTERED NUMBER: 05651694) |

BALANCE SHEET - continued

31 DECEMBER 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 28 August 2025 and were signed on its behalf by:

Hayley Kim Warrilow - Director

APEX DISPLAYS (LEICESTER) LIMITED (REGISTERED NUMBER: 05651694) |

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1. | STATUTORY INFORMATION

| Apex Displays (Leicester) 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

| Plant and machinery | - | 20% on reducing balance

| Fixtures and fittings | - | 15% on reducing balance

| Office equipment | - | 25% on reducing balance

| Motor vehicles | - | 20% on reducing balance

| Stocks

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

| 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 DISPLAYS (LEICESTER) LIMITED (REGISTERED NUMBER: 05651694) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

2. | ACCOUNTING POLICIES - continued

| Hire purchase and leasing commitments

| Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

| The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

| 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 20 (2023 - 20 ) .

4. | TANGIBLE FIXED ASSETS

| Leasehold |  | Fixtures

| property |  | Plant and |  | and

| improvements |  | machinery |  | fittings

£ | £ | £ |

| COST

| At 1 January 2024 | 114,198 |  | 227,897 |  | 53,899 |  |

| Additions | - |  | 43,802 |  | 34,639 |  |

| At 31 December 2024 | 114,198 |  | 271,699 |  | 88,538 |  |

| DEPRECIATION

| At 1 January 2024 | 80,424 |  | 187,605 |  | 25,975 |  |

| Charge for year | 7,812 |  | 16,820 |  | 15,641 |  |

| At 31 December 2024 | 88,236 |  | 204,425 |  | 41,616 |  |

| NET BOOK VALUE

| At 31 December 2024 | 25,962 |  | 67,274 |  | 46,922 |  |

| At 31 December 2023 | 33,774 |  | 40,292 |  | 27,924 |  |

APEX DISPLAYS (LEICESTER) LIMITED (REGISTERED NUMBER: 05651694) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

4. | TANGIBLE FIXED ASSETS - continued

| Office |  | Motor |

| equipment |  | vehicles |  | Totals

£ | £ | £ |

| COST

| At 1 January 2024 | 59,221 |  | 235,318 |  | 690,533 |  |

| Additions | 8,879 |  | - |  | 87,320 |  |

| At 31 December 2024 | 68,100 |  | 235,318 |  | 777,853 |  |

| DEPRECIATION

| At 1 January 2024 | 47,492 |  | 98,624 |  | 440,120 |  |

| Charge for year | 5,152 |  | 34,173 |  | 79,598 |  |

| At 31 December 2024 | 52,644 |  | 132,797 |  | 519,718 |  |

| NET BOOK VALUE

| At 31 December 2024 | 15,456 |  | 102,521 |  | 258,135 |  |

| At 31 December 2023 | 11,729 |  | 136,694 |  | 250,413 |  |

| Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

| Motor

| vehicles

£ |

| COST

| At 1 January 2024 | 99,980 |  |

| Transfer to ownership | (65,990 | ) |

| At 31 December 2024 | 33,990 |  |

| DEPRECIATION

| At 1 January 2024 | 34,719 |  |

| Charge for year | 15,653 |  |

| Transfer to ownership | (35,502 | ) |

| At 31 December 2024 | 14,870 |  |

| NET BOOK VALUE

| At 31 December 2024 | 19,120 |  |

| At 31 December 2023 | 65,261 |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Trade debtors | 524,873 |  | 377,318 |  |

| Other debtors | 203,587 |  | 206,017 |  |

| Directors' loan account:

| Jarome and Hayley Warrilow | 182,921 |  | - |  |

911,381 |  | 583,335 |  |

APEX DISPLAYS (LEICESTER) LIMITED (REGISTERED NUMBER: 05651694) |

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2024

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans and overdrafts (see note 8) | 90,000 |  | 90,000 |  |

| Hire purchase contracts | 8,196 |  | 18,559 |  |

| Trade creditors | 221,042 |  | 295,294 |  |

| Corporation tax | 290 |  | 543 |  |

| Social security and other taxes | 24,334 |  | 25,775 |  |

| VAT | 131,445 |  | 143,495 |  |

| Other creditors | 316,295 |  | 6,313 |  |

| Directors' loan account:

| Jarome and Hayley Warrilow | - |  | 2,209 |  |

791,602 |  | 582,188 |  |

7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |

2024 | 2023 |

£ | £ |

| Bank loans (see note 8) | 75,000 |  | 165,000 |  |

| Hire purchase contracts | 4,781 |  | 14,714 |  |

79,781 |  | 179,714 |  |

8. | LOANS

| An analysis of the maturity of loans is given below:

2024 | 2023 |

£ | £ |

| Amounts falling due within one year or on demand:

| Bank loans | 90,000 |  | 90,000 |  |

| Amounts falling due between two and five years:

| Bank loans - 2-5 years | 75,000 |  | 165,000 |  |

9. | RELATED PARTY DISCLOSURES

| During the year ending 31st December 2024, Apex Displays (Leicester) Limited paid expenses totalling £360 on behalf of Morph Furniture Limited. Mr J Warrilow who was a director of Apex Displays (Leicester) Limited was also the sole director and shareholder of Morph Furniture Limited.

| At 31st December 2024 the amount due from Morph Furniture Limited was £118,361 this is included in other debtors.