Apex - OM Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06671450

Apex - OM Limited

Filleted Unaudited Financial Statements

31 January 2025

Apex - OM Limited

Statement of Financial Position

31 January 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	6		1,526	2,034

Current assets

Debtors	7	4,353	4,668
Cash at bank and in hand		6,608	4,986
		--------	-------
		10,961	9,654

Creditors: amounts falling due within one year	8	9,196		7,896
		--------		-------
Net current assets			1,765	1,758
			-------	-------
Total assets less current liabilities			3,291	3,792
			-------	-------
Net assets			3,291	3,792
			-------	-------

Capital and reserves

Called up share capital	2	2
Profit and loss account	3,289	3,790
	-------	-------
Shareholders funds	3,291	3,792
	-------	-------

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 January 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 .

Apex - OM Limited

Statement of Financial Position (continued)

31 January 2025

These financial statements were approved by the board of directors and authorised for issue on 29 September 2025 , and are signed on behalf of the board by:

Mr J Shah

Director

Company registration number: 06671450

Apex - OM Limited

Notes to the Financial Statements

Year ended 31 January 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 2 Busby Road, Leicester, LE5 0DE.

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.

Revenue recognition

The turnover shown in the profit and loss account represents commission due during the year, exclusive of Value Added Tax.

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.

Intangible assets

Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses.

Amortisation

Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

	Franchise agreement	-	20% straight line

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

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.

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:

Leasehold property	-	20% straight line
Fixtures & fittings	-	25% reducing balance
Equipment	-	25% reducing balance

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Intangible assets

	Development costs
	£
Cost
At 1 February 2024 and 31 January 2025	22,500
	--------
Amortisation
At 1 February 2024 and 31 January 2025	22,500
	--------
Carrying amount
At 31 January 2025	–
	--------
At 31 January 2024	–
	--------

6. Tangible assets

	Land and buildings	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 February 2024 and 31 January 2025	8,000	7,812	4,225	20,037
	-------	-------	-------	--------
Depreciation
At 1 February 2024	7,999	7,136	2,868	18,003
Charge for the year	–	169	339	508
	-------	-------	-------	--------
At 31 January 2025	7,999	7,305	3,207	18,511
	-------	-------	-------	--------
Carrying amount
At 31 January 2025	1	507	1,018	1,526
	-------	-------	-------	--------
At 31 January 2024	1	676	1,357	2,034
	-------	-------	-------	--------

7. Debtors

	2025	2024
	£	£
Trade debtors	3,216	3,508
Other debtors	1,137	1,160
	-------	-------
	4,353	4,668
	-------	-------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	48	100
Corporation tax	1,972	1,710
Social security and other taxes	3,270	2,859
Other creditors	3,906	3,227
	-------	-------
	9,196	7,896
	-------	-------

9. 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 outstanding
	£	£	£	£
Mr J Shah	( 134)	8,826	( 8,868)	( 176)
Mrs K Shah	( 135)	8,827	( 8,868)	( 176)
	----	--------	--------	----
	( 269)	17,653	( 17,736)	( 352)
	----	--------	--------	----

	2024
	Balance brought forward	Advances/ (credits) to the directors	Amounts repaid	Balance outstanding
	£	£	£	£
Mr J Shah	( 595)	6,599	( 6,138)	( 134)
Mrs K Shah	( 594)	6,598	( 6,139)	( 135)
	-------	--------	--------	----
	( 1,189)	13,197	( 12,277)	( 269)
	-------	--------	--------	----

10. Related party transactions

The company occupies premises owned by the directors and is occupied rent free.