REGISTERED NUMBER: 05222833 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Apecs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T M Hill

R L Hulme

REGISTERED OFFICE:

High Ridge Farm

Chalk Hill

Soberton

Southampton

Hampshire

SO32 3PH

REGISTERED NUMBER:

05222833 (England and Wales)

ACCOUNTANTS:

Butler & Co Alresford Limited

Chartered Accountants

The Old Stables

Sutton Manor Farm

Bishops Sutton

Alresford

Hampshire

SO24 0AA

FIXED ASSETS

Tangible assets

4

1,662,620

33,175

CURRENT ASSETS

Stocks

5

30,000

25,000

Debtors

6

718,929

969,018

Cash at bank

753,076

800,314

1,502,005

1,794,332

CREDITORS

Amounts falling due within one year

7

924,522

1,051,635

NET CURRENT ASSETS

577,483

742,697

TOTAL ASSETS LESS CURRENT LIABILITIES

2,240,103

775,872

CREDITORS

Amounts falling due after more than one year

8

(1,063,964

)

-

PROVISIONS FOR LIABILITIES

10

(6,895

)

(8,294

)

NET ASSETS

1,169,244

767,578

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,169,144

767,478

1,169,244

767,578

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 27 August 2025 and were signed on its behalf by:

R L Hulme - Director

T M Hill - Director

1.	STATUTORY INFORMATION

Apecs Ltd 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.

Freehold property

-

not depreciated

Plant and machinery

-

20% reducing balance basis

Motor vehicles

-

20% reducing balance basis

Computer equipment

-

20% reducing balance basis

Stocks

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

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

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 8 (2023 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Plant and

Motor

Computer

property

machinery

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 January 2024

-

55,278

86,698

21,066

163,042

Additions

1,635,038

-

-

3,526

1,638,564

Disposals

-

-

(19,775

)

-

(19,775

)

At 31 December 2024

1,635,038

55,278

66,923

24,592

1,781,831

DEPRECIATION

At 1 January 2024

-

44,499

71,535

13,833

129,867

Charge for year

-

2,557

3,451

1,750

7,758

Eliminated on disposal

-

-

(18,414

)

-

(18,414

)

At 31 December 2024

-

47,056

56,572

15,583

119,211

NET BOOK VALUE

At 31 December 2024

1,635,038

8,222

10,351

9,009

1,662,620

At 31 December 2023

-

10,779

15,163

7,233

33,175

5.

STOCKS

2024

2023

£

£

Raw materials

30,000

25,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

572,704

840,723

Amounts owed by group undertakings

115,397

116,597

Prepayments

30,828

11,698

718,929

969,018

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

27,392

-

Trade creditors

466,356

761,970

Tax

138,999

94,504

Social security and other taxes

25,815

12,808

VAT

259,587

175,353

Other creditors

1,623

-

Accrued expenses

4,750

7,000

924,522

1,051,635

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loan due over 1 year

1,063,964

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

1,091,356

-

The bank loan is secured by way of legal mortgage over the freehold property known as headstone stables.

10.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

6,895

8,294

Deferred

tax

£

Balance at 1 January 2024

8,294

Capital allowances

(1,399

)

Balance at 31 December 2024

6,895

11.	ULTIMATE CONTROLLING PARTY

The company's immediate parent is H H Plant Limited, incorporated in England and Wales.

The ultimate controlling party is the directors, who are also the shareholders of the parent company.