REGISTERED NUMBER: 11673769 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

APC Enterprises (Midlands) Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr. A P Cummings

Mrs. T V Cummings

REGISTERED OFFICE:

Unit 2A

Boulton Road

Solihull

B91 2JU

REGISTERED NUMBER:

11673769 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Intangible assets

4

142,868

168,454

Tangible assets

5

2,581,014

2,180,674

Investments

6

91

1

2,723,973

2,349,129

CURRENT ASSETS

Cash at bank

2,102

45,372

CREDITORS

Amounts falling due within one year

7

844,071

687,871

NET CURRENT LIABILITIES

(841,969

)

(642,499

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,882,004

1,706,630

CREDITORS

Amounts falling due after more than one year

8

(322,574

)

(578,311

)

PROVISIONS FOR LIABILITIES

(503,078

)

(323,175

)

NET ASSETS

1,056,352

805,144

CAPITAL AND RESERVES

Called up share capital

10

10

Revaluation reserve

11

1,023,039

723,216

Retained earnings

33,303

81,918

SHAREHOLDERS' FUNDS

1,056,352

805,144

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 30 September 2025 and were signed on its behalf by:

Mr. A P Cummings - Director

1.	STATUTORY INFORMATION

APC Enterprises (Midlands) 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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of ten years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Intellectual property are being amortised evenly over their estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

2% on cost

Specialist vehicles

-

5% on cost

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Motor vehicles

-

10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

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 1 (2023 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Intellectual

Goodwill

property

Totals

£

£

£

COST

At 1 January 2024

and 31 December 2024

255,864

10

255,874

AMORTISATION

At 1 January 2024

87,420

-

87,420

Amortisation for year

25,586

-

25,586

At 31 December 2024

113,006

-

113,006

NET BOOK VALUE

At 31 December 2024

142,858

10

142,868

At 31 December 2023

168,444

10

168,454

5.	TANGIBLE FIXED ASSETS

Short

Specialist

Plant and

leasehold

vehicles

machinery

£

£

£

COST OR VALUATION

At 1 January 2024

170,759

2,161,759

186,762

Additions

-

25,869

-

Disposals

-

(160,843

)

-

Revaluations

-

806,226

-

Impairments

-

(126,371

)

(1,125

)

At 31 December 2024

170,759

2,706,640

185,637

DEPRECIATION

At 1 January 2024

5,512

336,245

82,176

Charge for year

3,415

135,332

15,536

Eliminated on disposal

-

(30,789

)

-

At 31 December 2024

8,927

440,788

97,712

NET BOOK VALUE

At 31 December 2024

161,832

2,265,852

87,925

At 31 December 2023

165,247

1,825,514

104,586

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

COST OR VALUATION

At 1 January 2024

43,444

84,800

-

2,647,524

Additions

-

-

1,000

26,869

Disposals

-

-

-

(160,843

)

Revaluations

-

-

-

806,226

Impairments

-

(7,800

)

-

(135,296

)

At 31 December 2024

43,444

77,000

1,000

3,184,480

DEPRECIATION

At 1 January 2024

8,034

34,883

-

466,850

Charge for year

5,311

7,700

111

167,405

Eliminated on disposal

-

-

-

(30,789

)

At 31 December 2024

13,345

42,583

111

603,466

NET BOOK VALUE

At 31 December 2024

30,099

34,417

889

2,581,014

At 31 December 2023

35,410

49,917

-

2,180,674

Cost or valuation at 31 December 2024 is represented by:

Short

Specialist

Plant and

leasehold

vehicles

machinery

£

£

£

Valuation in 2024

170,759

2,706,640

185,637

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

£

£

£

Valuation in 2024

43,444

77,000

1,000

3,184,480

Included within the net book value above is £1,329,935 (2023 - £1,167,532), which relates to assets held under hire purchase agreements. The depreciation charge to the financial statements in the year in respect of such assets amounted to £78,750 (2023 - £70,400).

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 January 2024

1

Additions

90

At 31 December 2024

91

NET BOOK VALUE

At 31 December 2024

91

At 31 December 2023

1

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts (see note 9)

10,000

10,000

Hire purchase contracts

251,542

241,153

Trade creditors

12,309

12,798

Amounts owed to associates

39,335

22,158

Tax

670

631

VAT

320,421

287,949

Other creditors

16,033

-

Directors' loan accounts

175,202

96,482

Accrued expenses

18,559

16,700

844,071

687,871

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans (see note 9)

4,167

14,167

Hire purchase contracts

318,407

564,144

322,574

578,311

9.

LOANS

An analysis of the maturity of loans is given below:

31.12.24

31.12.23

£

£

Amounts falling due within one year or on demand:

Bank loans

10,000

10,000

Amounts falling due between two and five years:

Bank loans - 2-5 years

4,167

14,167

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

14,167

24,167

Hire purchase contracts

569,949

805,297

584,116

829,464

11.

RESERVES

Revaluation

reserve

£

At 1 January 2024

723,216

Fixed assets revaluation

670,930

Revalued asset disposal

(30,094

)

Transfer between reserves

(341,013

)

At 31 December 2024

1,023,039

12.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors: amounts falling due within one year is a loan from the director of £175,201 (2023 - £96,483). The loan is interest free with no fixed date for repayment.

13.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

14.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr. A P Cummings.