A.P.D. ASSETS LTD - Limited company accounts 25.1

REGISTERED NUMBER: 10631502 (England and Wales)

Report of the Directors and

Unaudited Financial Statements for the Year Ended 31 March 2025

for

A.P.D. ASSETS LTD

Page

Company Information

1

Report of the Directors

2

Statement of Income and Retained Earnings

3

Balance Sheet

4

Notes to the Financial Statements

5

DIRECTORS:

C ATTWOOD

A J ATTWOOD

SECRETARY:

MERLIN BUSINESS SERVICES UK LTD

REGISTERED OFFICE:

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

REGISTERED NUMBER:

10631502 (England and Wales)

ACCOUNTANTS:

MERLIN ACCOUNTANCY & PAYROLE SERVICES LTD

STAFFORDSHIRE KNOT

PINFOLD STREET

WEDNESBURY

WS10 8TE

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

DIRECTORS

The directors shown below have held office during the whole of the period from 1 April 2024 to the date of this report.

C ATTWOOD

A J ATTWOOD

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:

C ATTWOOD - Director

1 September 2025

TURNOVER

537,872

422,130

Cost of sales

38,415

32,841

GROSS PROFIT

499,457

389,289

Administrative expenses

41,303

14,789

OPERATING PROFIT

458,154

374,500

Interest receivable and similar income

10,184

-

468,338

374,500

Interest payable and similar expenses

24,232

-

PROFIT BEFORE TAXATION

444,106

374,500

Tax on profit

91,595

73,776

PROFIT FOR THE FINANCIAL YEAR

352,511

300,724

Retained earnings at beginning of year

1,046,509

745,785

RETAINED EARNINGS AT END OF YEAR

1,399,020

1,046,509

FIXED ASSETS

Tangible assets

4

1,400,388

1,455,070

CURRENT ASSETS

Debtors

5

-

2,069

Cash at bank and in hand

606,474

282,346

606,474

284,415

CREDITORS

Amounts falling due within one year

6

225,398

183,264

NET CURRENT ASSETS

381,076

101,151

TOTAL ASSETS LESS CURRENT LIABILITIES

1,781,464

1,556,221

CREDITORS

Amounts falling due after more than one year

7

382,442

509,710

NET ASSETS

1,399,022

1,046,511

CAPITAL AND RESERVES

Called up share capital

2

Retained earnings

1,399,020

1,046,509

SHAREHOLDERS' FUNDS

1,399,022

1,046,511

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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 in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 1 September 2025 and were signed on its behalf by:

C ATTWOOD - Director

1.	STATUTORY INFORMATION

A.P.D. ASSETS 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.

Turnover

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

Tangible fixed assets

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

984,982

540,088

1,525,070

Additions

-

30,659

Disposals

-

(85,341

)

(85,341

)

At 31 March 2025

984,982

485,406

1,470,388

DEPRECIATION

At 1 April 2024

and 31 March 2025

-

70,000

NET BOOK VALUE

At 31 March 2025

984,982

415,406

1,400,388

At 31 March 2024

984,982

470,088

1,455,070

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

VAT

-

2,069

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/3/25

31/3/24

£

Trade creditors

2

(1

)

Tax

91,595

73,758

VAT

24,393

-

Directors' current accounts

109,053

109,477

Accrued expenses

355

30

225,398

183,264

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/3/25

31/3/24

£

Bank loans more 5 yr by instal

-

127,268

A.P.D. Truck Loan

382,442

509,710

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

127,268