Registered number
05915713
Apecs Consult Limited
Unaudited Filleted Accounts
31 December 2024
Apecs Consult Limited
Registered number: 05915713
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 7,444 8,267
Tangible assets 4 32,102 37,338
Investments 5 34,614 34,614
74,160 80,219
Current assets
Stocks 561,339 327,232
Debtors 6 883,095 831,851
Cash at bank and in hand 986,754 542,092
2,431,188 1,701,175
Creditors: amounts falling due within one year 7 (1,073,403) (605,552)
Net current assets 1,357,785 1,095,623
Total assets less current liabilities 1,431,945 1,175,842
Creditors: amounts falling due after more than one year 8 (948,527) (829,427)
Net assets 483,418 346,415
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 482,418 345,415
Shareholder's funds 483,418 346,415
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.
Mr N Goncharov
Director
Approved by the board on 26 September 2025
Apecs Consult Limited
Notes to the Accounts
for the year ended 31 December 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.
Trademarks and patents
Trademarks, connected with a purchase of APECs Trademark number 4474243 and purchase of Apecs Trademark in Spain, are being amortised over the estimated useful economic life of 20 years. The director has reviewed these assets in detail and satisfied himself that the economic useful life remains appropriate under FRS 102 accounting standards.
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:
Leasehold Premises 20% reducing balance basis
Equipment and fittings 20% reducing balance basis
Computer equipment 20% reducing balance basis
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.
Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange at the date of transaction. Echange differences are taken into account in arriving at the operating result.
Pension costs and other post-retirements benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the profit or loss in the period to which they relate.
Investments in subsidiaries and associates
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 8 6
3 Intangible fixed assets £
Trademarks and patents:
Cost
At 1 January 2024 16,450
At 31 December 2024 16,450
Amortisation
At 1 January 2024 8,183
Provided during the year 823
At 31 December 2024 9,006
Net book value
At 31 December 2024 7,444
At 31 December 2023 8,267
Trademarks and patents are being written off in equal annual instalments over its estimated economic life of 20 years.
4 Tangible fixed assets
Land and buildings Equipment and fittings Office and computer equipment Total
£ £ £ £
Cost
At 1 January 2024 36,024 37,427 9,985 83,436
Additions - 3,910 - 3,910
At 31 December 2024 36,024 41,337 9,985 87,346
Depreciation
At 1 January 2024 19,117 18,694 8,287 46,098
Charge for the year 3,381 5,765 - 9,146
At 31 December 2024 22,498 24,459 8,287 55,244
Net book value
At 31 December 2024 13,526 16,878 1,698 32,102
At 31 December 2023 16,907 18,733 1,698 37,338
5 Investments
Other
investments
£
Cost
At 1 January 2024 34,614
At 31 December 2024 34,614
Subsidiary undertakings
The following were subsidiary undertakings of the Company:
Name Country of Incorporation Class of shares Holding
Garvinton Rus, ZAO Russia Ordinary 99%
Registered office : Office 29,36 Komsomolsky Avenue
Moscow
119146, Russia
6 Debtors 2024 2023
£ £
Trade debtors 540,025 295,413
Goods in Transit 301,504 474,269
Other debtors 9,168 30,168
Prepayments 14,048 13,651
Related pary balance 18,350 18,350
883,095 831,851
7 Creditors: amounts falling due within one year 2024 2023
£ £
Director's current account 18,015 144
Trade creditors 643,337 398,578
Corporation tax 19,073 47,910
Other taxes and social security costs 251,562 156,920
Other creditors and accruals 10,714 2,000
Accruals and deferred income 130,702 -
1,073,403 605,552
8 Creditors: amounts falling due after one year 2024 2023
£ £
Other loans 934,360 805,260
Bounce back loan 14,167 24,167
948,527 829,427
9 Related party transactions 2024 2023
£ £
Futuretainment Limited
Mr N Goncharov, a director and shareholder of this company, is also a director and shareholder of Futuretainment Limited.
An interest free and unsecured loan to Futuretainment Limited yet to be reimbursed to the company.
Amount due from the related party 18,350 18,350
10 Controlling party
Mr N Goncharov controls the company by virtue of an 100% ownership of the share capital.
11 Other information
Apecs Consult Limited is a private company limited by shares and incorporated in England. Its registered office is:
Unit 4 Navigation Point
Golds Hill way
Tipton
DY4 0PY
Apecs Consult Limited 05915713 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2024 Mr N Goncharov No description of principal activity 05915713 2023-01-01 2023-12-31 05915713 core:WithinOneYear 2023-12-31 05915713 core:AfterOneYear 2023-12-31 05915713 core:ShareCapital 2023-12-31 05915713 core:RetainedEarningsAccumulatedLosses 2023-12-31 05915713 2024-01-01 2024-12-31 05915713 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05915713 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05915713 bus:Director40 2024-01-01 2024-12-31 05915713 2 2024-01-01 2024-12-31 05915713 core:Goodwill 2024-01-01 2024-12-31 05915713 core:LandBuildings 2024-01-01 2024-12-31 05915713 core:PlantMachinery 2024-01-01 2024-12-31 05915713 core:Vehicles 2024-01-01 2024-12-31 05915713 countries:England 2024-01-01 2024-12-31 05915713 bus:FRS102 2024-01-01 2024-12-31 05915713 bus:FilletedAccounts 2024-01-01 2024-12-31 05915713 2024-12-31 05915713 core:WithinOneYear 2024-12-31 05915713 core:AfterOneYear 2024-12-31 05915713 core:ShareCapital 2024-12-31 05915713 core:RetainedEarningsAccumulatedLosses 2024-12-31 05915713 core:Goodwill 2024-12-31 05915713 core:LandBuildings 2024-12-31 05915713 core:PlantMachinery 2024-12-31 05915713 core:Vehicles 2024-12-31 05915713 2023-12-31 05915713 core:Goodwill 2023-12-31 05915713 core:LandBuildings 2023-12-31 05915713 core:PlantMachinery 2023-12-31 05915713 core:Vehicles 2023-12-31 iso4217:GBP xbrli:pure