Company Registration No. 02807743 (England and Wales)
Apple Office Equipment Limited
Unaudited accounts
for the year ended 31 March 2025
Apple Office Equipment Limited
Unaudited accounts
Contents
Apple Office Equipment Limited
Company Information
for the year ended 31 March 2025
Company Number
02807743 (England and Wales)
Registered Office
Highland House
Chandlers Ford
Eastleigh
SO53 4AR
United Kingdom
Accountants
Hopper Williams & Bell Limited
Highland House
Mayflower Close
Chandlers Ford
Eastleigh
SO53 4AR
Apple Office Equipment Limited
Statement of financial position
as at 31 March 2025
Tangible assets
52,771
66,195
Cash at bank and in hand
36,194
27,854
Creditors: amounts falling due within one year
(218,964)
(246,499)
Net current liabilities
(46,730)
(47,426)
Total assets less current liabilities
6,041
18,769
Creditors: amounts falling due after more than one year
(19,851)
(58,428)
Provisions for liabilities
Deferred tax
(8,854)
(10,703)
Net liabilities
(22,664)
(50,362)
Called up share capital
100
100
Profit and loss account
(22,764)
(50,462)
Shareholders' funds
(22,664)
(50,362)
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 director acknowledges his 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 and authorised for issue on 17 December 2025 and were signed on its behalf by
Mr N D Page
Director
Company Registration No. 02807743
Apple Office Equipment Limited
Notes to the Accounts
for the year ended 31 March 2025
Apple Office Equipment Limited is a private company, limited by shares, registered in England and Wales, registration number 02807743. The registered office is Highland House, Chandlers Ford, Eastleigh, SO53 4AR, United Kingdom. The principal place of business is Unit 16, Test Valley Business Centre, Nursling, Southampton, Hampshire, S016 9JW, England.
2
Compliance with accounting standards
These financial statements have been prepared in accordance with "The Financial Reporting Standards applicable in the
UK and Republic of Ireland" ("FRS102") and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is
required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historic cost convention, modified to include certain financial
instruments at fair value. The principle accounting policies are set out below.
At the balance sheet date the company has net liabilities, and is dependant upon the support of the directors to continue trading. The directors indicated that their support will continue for a period of at least 12 months from the date of signing these financial statements and have concluded that with the right management actions the company is a going concern. Accordingly the directors have prepared the financial statements on this basis.
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.
Turnover represents sales of goods net of VAT and trade discounts. Turnover is recognised when the goods are
physically dispatched to the customer or the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the value of the consideration due.
Where a contract has only been partially completed at the balance sheet date turnover represents the value of the
service provided to date based on a proportion of the total expected consideration at completion. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
The profit or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the income statement.
Land & buildings
Over the length of the lease
Plant & machinery
25% reducing balance
Motor vehicles
25% on cost
Computer equipment
15% reducing balance
Apple Office Equipment Limited
Notes to the Accounts
for the year ended 31 March 2025
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.
Financial assets are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Basic financial assets, which include trade and other receivables and cash and bank balances are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method, unless the arrangement constitutes a financial transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Basic financial liabilities, which include trade and other payables, are initially measured at transaction price and subsequently measured at amortised cost, unless the arrangement constitutes a financing transaction where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Equity instruments issued by the company are recorded at the fair value of the proceeds received net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
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 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.
Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.
The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.
Apple Office Equipment Limited
Notes to the Accounts
for the year ended 31 March 2025
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.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
52,665
9,337
166,575
16,090
244,667
Additions
-
784
-
7,302
8,086
At 31 March 2025
52,665
10,121
166,575
23,392
252,753
At 1 April 2024
34,830
2,981
127,071
13,590
178,472
Charge for the year
5,249
1,750
13,344
1,167
21,510
At 31 March 2025
40,079
4,731
140,415
14,757
199,982
At 31 March 2025
12,586
5,390
26,160
8,635
52,771
At 31 March 2024
17,835
6,356
39,504
2,500
66,195
Finished goods
32,932
64,500
Amounts falling due within one year
Trade debtors
64,504
71,813
Other debtors
38,604
34,906
Apple Office Equipment Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
22,706
95,000
Obligations under finance leases and hire purchase contracts
11,012
15,992
Trade creditors
44,284
26,301
Taxes and social security
107,318
70,392
Other creditors
33,644
38,814
The following secured debts are included in creditors above:
Hire Purchase Contracts £11,012 (2024: £15,992)
The hire purchase contracts are secured on the assets to which they relate.
.
8
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
16,518
27,532
Taxes and social security
-
7,563
The following secured debts are included in creditors above:
Hire Purchase Contracts £16,518 (2024: £27,532)
The hire purchase contracts are secured on the assets to which they relate.
9
Operating lease commitments
2025
2024
At 31 March 2025 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
-
4,770
10
Average number of employees
During the year the average number of employees was 9 (2024: 8).