Applied Property Services Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05615461

Applied Property Services Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Applied Property Services Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Accountant's report to the directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Applied Property Services Limited

Accountant's Report to the Directors on the Preparation of the Unaudited Statutory Financial Statements

Year ended 31 December 2024

As described on the statement of financial position, the director of the company is responsible for the preparation of the financial statements for the year ended 31 December 2024, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

CLAY SHAW THOMAS LTD

2 Oldfield Road Bocam Park Bridgend CF35 5LJ

30 September 2025

Applied Property Services Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5	599,914	534,727
Investments	6	150	150
		---------	---------
		600,064	534,877

Current assets

Debtors	7	61,625	39,035
Cash at bank and in hand		27,191	152,001
		--------	---------
		88,816	191,036

Creditors: amounts falling due within one year	8	217,302		281,088
		---------		---------
Net current liabilities			128,486	90,052
			---------	---------
Total assets less current liabilities			471,578	444,825

Provisions

Taxation including deferred tax	78,648	48,692
	---------	---------
Net assets	392,930	396,133
	---------	---------

Capital and reserves

Called up share capital	150	150
Profit and loss account	392,780	395,983
	---------	---------
Shareholders funds	392,930	396,133
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Applied Property Services Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 September 2025 , and are signed on behalf of the board by:

Mr M J Nicholls
Director

Company registration number: 05615461

Applied Property Services Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Navel Yard, Tylacelyn Road, Penygraig Rhondda, Mid Glamorgan, CF40 1JS, Wales.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	20% reducing balance
Motor vehicles	-	20% reducing balance
Equipment	-	20% reducing balance

Investments

Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.

Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	235,739	39,591	513,976	11,291	800,597
Additions	–	36,858	113,229	–	150,087
	---------	--------	---------	--------	---------
At 31 December 2024	235,739	76,449	627,205	11,291	950,684
	---------	--------	---------	--------	---------
Depreciation
At 1 January 2024	–	25,261	234,425	6,184	265,870
Charge for the year	–	5,323	78,556	1,021	84,900
	---------	--------	---------	--------	---------
At 31 December 2024	–	30,584	312,981	7,205	350,770
	---------	--------	---------	--------	---------
Carrying amount
At 31 December 2024	235,739	45,865	314,224	4,086	599,914
	---------	--------	---------	--------	---------
At 31 December 2023	235,739	14,330	279,551	5,107	534,727
	---------	--------	---------	--------	---------

6. Investments

	Shares in group undertakings
	£
Cost
At 1 January 2024 and 31 December 2024	150
	----
Impairment
At 1 January 2024 and 31 December 2024	–
	----

Carrying amount
At 31 December 2024	150
	----
At 31 December 2023	150
	----

7. Debtors

	2024	2023
	£	£
Amounts owed by group undertakings and undertakings in which the company has a participating interest	200	200
Other debtors	61,425	38,835
	--------	--------
	61,625	39,035
	--------	--------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	14,165	14,759
Amounts owed to group undertakings and undertakings in which the company has a participating interest	200,910	200,910
Other creditors	2,227	65,419
	---------	---------
	217,302	281,088
	---------	---------

9. Directors' advances, credit and guarantees

Included in other debtors is an amount of £28,227 (2023 : creditor £52,488) owed by the director.

		2024
		£
	Balance owed by the director as at 1 January 2024	(52,488)
	Interest	4,935
	Monies drawn	150,780
	Capital introduced	(75,000)
		---------
	Balance owed by the director as at 31 December 2024	28,227
		---------

10. Related party transactions

Applied Power Services (South Western) Limited and Applied Panel Services Limited are a 100% subsidiary of Applied Property Services Limited , and as such has taken advantage of the exemption stated in FRS102 whereby disclosure need not be given of transactions entered into between two or more members of the same group, provided that any subsidiary which party to the transaction is wholly owned by such member. During the year dividends on ordinary 'B' shares of £37,500 (2023 : £37,500) were paid to Miss M Stoddart. the partner of the director Mr MJ Nicholls.