Apex Business Development Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02211142

APEX BUSINESS DEVELOPMENT LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

27 March 2025

APEX BUSINESS DEVELOPMENT LIMITED

STATEMENT OF FINANCIAL POSITION

27 March 2025

	2025		2024
Note	£	£	£	£

FIXED ASSETS

Tangible assets	5		233		274

CURRENT ASSETS

Debtors	6	165,048		150,632

CREDITORS: amounts falling due within one year	7	270,377		256,177
		---------		---------
NET CURRENT LIABILITIES			105,329		105,545
			---------		---------
TOTAL ASSETS LESS CURRENT LIABILITIES			( 105,096)		( 105,271)
			---------		---------
NET LIABILITIES			( 105,096)		( 105,271)
			---------		---------

CAPITAL AND RESERVES

Called up share capital fully paid	10,000	10,000
Profit and loss account	( 115,096)	( 115,271)
	---------	---------
SHAREHOLDERS DEFICIT	( 105,096)	( 105,271)
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 27 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

APEX BUSINESS DEVELOPMENT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

27 March 2025

These financial statements were approved by the board of directors and authorised for issue on 23 December 2025 , and are signed on behalf of the board by:

Mr P R Angell
Director

Company registration number: 02211142

APEX BUSINESS DEVELOPMENT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 27 MARCH 2025

1. GENERAL INFORMATION

The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is Unit 8 Pipewell Road, Desborough, Northamptonshire, NN14 2SW.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. ACCOUNTING POLICIES

Basis of preparation

The financial statements have been prepared on the historical cost basis.

Going concern

The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from the associated companies under common control.

On this basis, the director considers it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover shown in the profit and loss account represents amounts receivable during the year, exclusive of Value Added Tax.

Income tax

Deferred taxation is provided on the liability method to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Plant and machinery	-	25% straight line

4. EMPLOYEE NUMBERS

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. TANGIBLE ASSETS

	Plant and machinery
	£
Cost
At 28 March 2024 and 27 March 2025	525
	----
Depreciation
At 28 March 2024	251
Charge for the year	41
	----
At 27 March 2025	292
	----
Carrying amount
At 27 March 2025	233
	----
At 27 March 2024	274
	----

6. DEBTORS

	2025	2024
	£	£
Other debtors	165,048	150,632
	---------	---------

7. CREDITORS: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	4,982	13,443
Trade creditors	68,679	62,977
Corporation tax	6,325	6,325
Social security and other taxes	29,797	29,869
Other creditors	160,594	143,563
	---------	---------
	270,377	256,177
	---------	---------

Bank loans and overdrafts are secured over the assets of the company.

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr P R Angell	–	–	–
	----	----	----

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
Mr P R Angell	48,218	27,624	75,842
	--------	--------	--------

9. GOING CONCERN

The director has considered the period to 31 December 2025 when assessing the company's ability to continue as a going concern. It is believed that the company will be able to satisfy it's liabilities as these become payable.