Apex Grange Ltd

Financial Statements for the Year Ended 31 May 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Bass

Mr G Bass

Mr L Hough

Mr A Bass

SECRETARY:

Mr G Bass

REGISTERED OFFICE:

14 Little Mundells

Mundells Industrial Estate

Welwyn Garden City

Hertfordshire

AL7 1EW

REGISTERED NUMBER:

02818974 (England and Wales)

ACCOUNTANTS:

Hargreaves Owen Ltd

Red Sky House

Fairclough Hall, Halls Green

Weston

Hertfordshire

SG4 7DP

FIXED ASSETS

Tangible assets

4

329,635

279,804

CURRENT ASSETS

Stocks

1,202,639

1,213,729

Debtors

5

1,832,884

1,952,167

Cash at bank

65,143

89,898

3,100,666

3,255,794

CREDITORS

Amounts falling due within one year

6

2,931,978

3,143,179

NET CURRENT ASSETS

168,688

112,615

TOTAL ASSETS LESS CURRENT LIABILITIES

498,323

392,419

CREDITORS

Amounts falling due after more than one year

7

(170,758

)

(119,577

)

PROVISIONS FOR LIABILITIES

(13,897

)

(13,659

)

NET ASSETS

313,668

259,183

CAPITAL AND RESERVES

Called up share capital

104

104

Retained earnings

313,564

259,079

SHAREHOLDERS' FUNDS

313,668

259,183

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

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 7 November 2025 and were signed on its behalf by:

Mr J Bass - Director

1.	STATUTORY INFORMATION

Apex Grange 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.

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 32 (2024 - 33 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

machinery

fittings

Totals

£

£

£

COST

At 1 June 2024

574,373

120,949

695,322

Additions

141,351

317

141,668

Disposals

(55,675

)

(5,892

)

(61,567

)

At 31 May 2025

660,049

115,374

775,423

DEPRECIATION

At 1 June 2024

316,966

98,552

415,518

Charge for year

78,759

8,033

86,792

Eliminated on disposal

(50,713

)

(5,809

)

(56,522

)

At 31 May 2025

345,012

100,776

445,788

NET BOOK VALUE

At 31 May 2025

315,037

14,598

329,635

At 31 May 2024

257,407

22,397

279,804

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,695,855

1,808,600

Other debtors

-

7,040

Prepayments and accrued income

137,029

136,527

1,832,884

1,952,167

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

81,706

64,435

Trade creditors

2,242,086

2,268,667

Corporation tax

102,645

101,201

PAYE

27,917

26,874

VAT

75,567

139,017

Factoring account

395,241

537,219

Directors' current accounts

39

39

Accrued expenses

6,777

5,727

2,931,978

3,143,179

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

170,758

119,577

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

HSBC Finance Account

395,241

537,218

Amounts owed to HSBC Invoice Finance (UK) Ltd are secured by both a fixed and floating charge against the assets of the company.