Apex ABS Ltd 31/03/2025 iXBRL

Company registration number: 09553113

Apex ABS Ltd

Unaudited filleted financial statements

31 March 2025

Apex ABS Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Apex ABS Ltd

Directors and other information


Directors	Mr Phillip May
	Mr Ismail Gozde
	Miss Shelsea Waldock
	Mrs Karolina Labecka	(Appointed 31 May 2024)(Resigned 9 April 2025)


Company number	09553113


Registered office	3 The Pantiles
	Bexleyheath
	Kent
	DA7 5HH


Business address	3 The Pantiles
	Bexleyheath
	Kent
	DA7 5HH


Accountants	Henry Reeves & Co Medway Limited
	69-71 High Street
	Chatham
	Kent
	ME4 4EE

Apex ABS Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Apex ABS Ltd

Year ended 31 March 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Apex ABS Ltd for the year ended 31 March 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Apex ABS Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Apex ABS Ltd and state those matters that we have agreed to state to the board of directors of Apex ABS Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Apex ABS Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Apex ABS Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Apex ABS Ltd. You consider that Apex ABS Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Apex ABS Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Henry Reeves & Co Medway Limited

69-71 High Street

Chatham

Kent

ME4 4EE

10 October 2025

Apex ABS Ltd

Statement of financial position

31 March 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Intangible assets	5	4,520		6,720
Tangible assets	6	74,837		96,325
		_______		_______
			79,357		103,045

Current assets
Debtors	7	41,699		89,485
Cash at bank and in hand		849,598		481,612
		_______		_______
		891,297		571,097
Creditors: amounts falling due
within one year	8	( 364,031)		( 195,388)
		_______		_______
Net current assets			527,266		375,709
			_______		_______
Total assets less current liabilities			606,623		478,754

Creditors: amounts falling due
after more than one year	9		( 50,950)		( 65,670)

Provisions for liabilities			( 18,709)		( 18,302)

Accruals and deferred income			( 13,012)		( 11,000)

			_______		_______
Net assets			523,952		383,782
			_______		_______

Capital and reserves
Called up share capital	10		100		100
Profit and loss account			523,852		383,682
			_______		_______
Shareholders funds			523,952		383,782
			_______		_______

For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

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.

These financial statements were approved by the board of directors and authorised for issue on 06 October 2025 , and are signed on behalf of the board by:

Mr Phillip May Miss Shelsea Waldock

Director Director

Company registration number: 09553113

Apex ABS Ltd

Notes to the financial statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 3 The Pantiles, Bexleyheath, Kent, DA7 5HH.

2. Statement of compliance

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

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity .

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:Rendering of servicesTurnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:- the amount of turnover can be measured reliably;- it is probable that the company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measured reliably; and- the costs incurred and the costs to complete the contract can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Fittings fixtures and equipment	-	25% Reducing balance / 25% straight line
Motor vehicles	-	25% Reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

The company only enters into financial instruments that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 36 (2024: 37 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2024 and 31 March 2025	22,200	22,200
	_______	_______
Amortisation
At 1 April 2024	15,480	15,480
Charge for the year	2,200	2,200
	_______	_______
At 31 March 2025	17,680	17,680
	_______	_______
Carrying amount
At 31 March 2025	4,520	4,520
	_______	_______
At 31 March 2024	6,720	6,720
	_______	_______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2024	54,253	96,570	150,823
Additions	10,436	-	10,436
	_______	_______	_______
At 31 March 2025	64,689	96,570	161,259
	_______	_______	_______
Depreciation
At 1 April 2024	30,356	24,142	54,498
Charge for the year	13,817	18,107	31,924
	_______	_______	_______
At 31 March 2025	44,173	42,249	86,422
	_______	_______	_______
Carrying amount
At 31 March 2025	20,516	54,321	74,837
	_______	_______	_______
At 31 March 2024	23,897	72,428	96,325
	_______	_______	_______

7. Debtors

	2025	2024
	£	£
Trade debtors	28,682	80,356
Other debtors	13,017	9,129
	_______	_______
	41,699	89,485
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	15,600	5,884
Social security and other taxes	330,150	171,343
Other creditors	18,281	18,161
	_______	_______
	364,031	195,388
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	50,950	65,670
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£
A Ordinary share shares of £ 1.00 each	47	47	47	47
B Ordinary share shares of £ 1.00 each	47	47	47	47
C Ordinary share shares of £ 1.00 each	4	4	4	4
D Ordinary share shares of £ 1.00 each	1	1	1	1
E Ordinary share shares of £ 1.00 each	1	1	1	1
	_______	_______	_______	_______
	100	100	100	100
	_______	_______	_______	_______

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	71,625	54,859
Later than 1 year and not later than 5 years	106,853	66,179
	_______	_______
	178,478	121,038
	_______	_______

12. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Phillip May	986	634	( 822)	798
		_______	_______	_______	_______

2024
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Phillip May	1,964	107	( 1,085)	986
		_______	_______	_______	_______