REGISTERED NUMBER: 06816753 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

APEX MOBILETECH (UK) LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D M Cann

P J Kape

REGISTERED OFFICE:

5th floor, 167-169 Great Portland Street

London

W1W 5PF

REGISTERED NUMBER:

06816753 (England and Wales)

ACCOUNTANTS:

Oury Clark Chartered Accountants

Herschel House

58 Herschel Street

Slough

Berkshire

SL1 1PG

FIXED ASSETS

Investments

4

49,720

128,720

CURRENT ASSETS

Debtors

5

105,038

84,710

Cash at bank

26,891

44,001

131,929

128,711

CREDITORS

Amounts falling due within one year

6

57,927

80,664

NET CURRENT ASSETS

74,002

48,047

TOTAL ASSETS LESS CURRENT LIABILITIES

123,722

176,767

PROVISIONS FOR LIABILITIES

8

8

NET ASSETS

123,714

176,759

CAPITAL AND RESERVES

Called up share capital

7

2,000

2,000

Retained earnings

121,714

174,759

SHAREHOLDERS' FUNDS

123,714

176,759

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 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 15 December 2025 and were signed on its behalf by:

D M Cann - Director

1.	STATUTORY INFORMATION

Apex MobileTech (UK) Limited 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.

Going concern

The financial statements have been prepared on a going concern basis. This assumes the ongoing support of the directors, such support being pledged for at least twelve months from the date the financial statements are signed.

Turnover

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

Turnover is recognised over the subscription period, when the risks and rewards are transferred to the customer.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost, net of depreciation and any impairment losses.

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

Plant and machinery - 33% on cost

Leasehold improvements - 10% on cost

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Taxation

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

Foreign currencies

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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Financial instruments

Basic Financial Instruments as covered by Section 11 of FRS 102 are measured at amortised cost. The company does not have any Other Financial Instruments as covered by Section 12 of FRS 102.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

Other

undertakings

investments

Totals

£

£

£

COST

At 1 April 2024

49,720

79,000

128,720

Disposals

-

(79,000

)

(79,000

)

At 31 March 2025

49,720

-

49,720

NET BOOK VALUE

At 31 March 2025

49,720

-

49,720

At 31 March 2024

49,720

79,000

128,720

The investment in group undertakings relates to seed capital in respect of Apex mobilities Philippines Inc.

The disposal of £79,000 in other investments relates to the disposal of a 20% shareholding in Apex MobileTech Pty Ltd.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

63,608

43,293

Amounts owed by group undertakings

36,523

36,005

Other debtors

4,907

5,412

105,038

84,710

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

1,540

324

Amounts owed to group undertakings

-

39,100

Taxation and social security

6,231

11,427

Other creditors & accruals

50,156

29,813

57,927

80,664

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

1,680

Ordinary A

£1

1,680

1,680

300

Ordinary B

£1

300

300

20

Ordinary C

£1

20

20

2,000

2,000

8.	RELATED PARTY DISCLOSURES

Loans from related parties

In 2024, a director loaned the company £25,000. At the year end 31st March 2025, the outstanding balance was £17,762 (2024: £19,522).

Related party balances:

At the 31st March 2025, Apex MobileTech (UK) Limited owed Apex MobileTech Philippines Inc. £32,549 (2024: £nil).

9.	ULTIMATE CONTROLLING PARTY

There is no individual ultimate controlling party

10.	CORPORATE RESTRUCTURE

During the financial year, the immediate parent company transferred its majority shareholding to the ultimate controlling parties.