REGISTERED NUMBER: 05651694 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

APEX DISPLAYS (LEICESTER) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

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

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.

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

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.

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

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

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.