Company No: 13461637 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		31.03.2024
		£		£
Fixed assets
Tangible assets	3	14,154		0
		14,154		0
Current assets
Debtors	4	110,555		65,548
Cash at bank and in hand	5	30,504		8,876
		141,059		74,424
Creditors: amounts falling due within one year	6	( 50,928)		( 36,881)
Net current assets		90,131		37,543
Total assets less current liabilities		104,285		37,543
Provision for liabilities		( 3,323)		0
Net assets		100,962		37,543
Capital and reserves
Called-up share capital	7	100		100
Profit and loss account		100,862		37,443
Total shareholders' funds		100,962		37,543

For the financial 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 financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Apricot LSW Limited (registered number: 13461637) were approved and authorised for issue by the Board of Directors on 27 October 2025. They were signed on its behalf by:

Mr R Cox Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial period, unless otherwise stated.

General information and basis of accounting

Apricot LSW Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Centenary House, Peninsula Park, Rydon Lane, Exeter, EX2 7XE, Exeter, United Kingdom. The principal place of business is 100 Vauxhall Street, Plymouth, PL4 0DD.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Revenue from services is recognised as they are delivered.

Employee benefits

Defined contribution schemes
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset over its expected useful life, as follows:

Vehicles

25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

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 Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

	Year ended 31.03.2025		Period from 01.07.2023 to 31.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		0

3. Tangible assets

	Vehicles		Total
	£		£
Cost
At 01 April 2024	0		0
Additions	15,399		15,399
At 31 March 2025	15,399		15,399
Accumulated depreciation
At 01 April 2024	0		0
Charge for the financial year	1,245		1,245
At 31 March 2025	1,245		1,245
Net book value
At 31 March 2025	14,154		14,154
At 31 March 2024	0		0

4. Debtors

	31.03.2025		31.03.2024
	£		£
Trade debtors	3,855		34,529
Amounts owed by Group undertakings	76,059		28,678
Amounts owed by related parties	7,200		2,200
CIS suffered	22,290		0
Other debtors	1,151		141
	110,555		65,548

5. Cash and cash equivalents

	31.03.2025		31.03.2024
	£		£
Cash at bank and in hand	30,504		8,876

6. Creditors: amounts falling due within one year

	31.03.2025		31.03.2024
	£		£
Trade creditors	1,008		1,000
Corporation tax	35,022		18,189
Other taxation and social security	999		0
Other creditors	13,899		17,692
	50,928		36,881

7. Called-up share capital

	31.03.2025		31.03.2024
	£		£
Allotted, called-up and fully-paid
50 A Ordinary shares of £ 1.00 each	50		50
50 B Ordinary shares of £ 1.00 each	50		50
	100		100

The holders of both A Ordinary and B Ordinary shares are entitled to one vote in any circumstances, entitled to dividend payments or any other distribution and are entitled to participate in a distribution arising from a winding up of the company.

8. Related party transactions

Other related party transactions

	31.03.2025		31.03.2024
	£		£
Amount owed by associated companies	83,259		30,878

During the financial year, the company received certain assets from an associated company at no consideration. These transactions were undertaken to streamline group operations and align asset ownership with operational responsibilities.