Company Registration No. 05424530 (England and Wales)
Apab Limited
Unaudited accounts
for the year ended 31 March 2025
Apab Limited
Unaudited accounts
Contents
Apab Limited
Company Information
for the year ended 31 March 2025
Directors
Mr PRS Bloom
Mrs ST Bloom
Mr ARJ Bloom
Mrs SJ Bloom
Company Number
05424530 (England and Wales)
Registered Office
East End Green Farm East End Green
Brightlingsea
Colchester
CO7 0SX
England
Apab Limited
Statement of financial position
as at 31 March 2025
Tangible assets
79,615
83,519
Cash at bank and in hand
135,138
174,460
Creditors: amounts falling due within one year
(32,986)
(31,658)
Net current assets
122,514
169,458
Total assets less current liabilities
202,129
252,977
Provisions for liabilities
Deferred tax
(1,582)
(2,593)
Net assets
200,547
250,384
Called up share capital
100
100
Profit and loss account
200,447
250,284
Shareholders' funds
200,547
250,384
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 4 November 2025 and were signed on its behalf by
Mrs ST Bloom
Director
Company Registration No. 05424530
Apab Limited
Notes to the Accounts
for the year ended 31 March 2025
Apab Limited is a private company, limited by shares, registered in England and Wales, registration number 05424530. The registered office is East End Green Farm East End Green, Brightlingsea, Colchester, CO7 0SX, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
not depreciated
Plant & machinery
20% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
15% reducing balance
Computer equipment
20% reducing balance
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Apab Limited
Notes to the Accounts
for the year ended 31 March 2025
Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when the amount of revenue can be reliably measured, it is probable that future economic benefits will flow to the entity and specific criteria have been met for each of the company's
activities.
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
69,874
18,836
35,050
2,235
125,995
Additions
-
1,700
-
-
1,700
Disposals
-
(1,801)
(17,050)
-
(18,851)
At 31 March 2025
69,874
18,735
18,000
2,235
108,844
At 1 April 2024
-
16,224
25,228
1,024
42,476
Charge for the year
-
1,295
1,899
182
3,376
On disposals
-
(1,801)
(14,822)
-
(16,623)
At 31 March 2025
-
15,718
12,305
1,206
29,229
At 31 March 2025
69,874
3,017
5,695
1,029
79,615
At 31 March 2024
69,874
2,612
9,822
1,211
83,519
Finished goods
15,386
17,577
Apab Limited
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Accrued income and prepayments
3,769
4,075
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Creditors: amounts falling due within one year
2025
2024
Taxes and social security
6,047
16,313
Loans from directors
21,153
6,031
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Average number of employees
During the year the average number of employees was 6 (2024: 15).