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Company Registration No. 01410742 (England and Wales)
A.P.S. Limited Unaudited accounts for the year ended 5 April 2025
A.P.S. Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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A.P.S. Limited Company Information for the year ended 5 April 2025
Directors
Alan Pascoe Daniel James Pascoe Lucy Joanna Pascoe
Secretary
Sandra Seddon
Company Number
01410742 (England and Wales)
Registered Office
Monksbridge Thames Street Sunbury-on-Thames Middlesex TW16 5QP England
Accountants
HearnKelly Consulting 67 Ebery Grove Portsmouth Hampshire PO3 6HG
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A.P.S. Limited Statement of financial position as at 5 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,222
10,222
Investment property
5
875,000
875,000
885,222
885,222
Current assets
Debtors
6
-
48,450
Cash at bank and in hand
66,496
47,336
66,496
95,786
Creditors: amounts falling due within one year
7
(88,456)
(104,452)
Net current liabilities
(21,960)
(8,666)
Total assets less current liabilities
863,262
876,556
Provisions for liabilities
Deferred tax
(124,668)
(124,668)
Net assets
738,594
751,888
Capital and reserves
Called up share capital
100
100
Profit and loss account
738,494
751,788
Shareholders' funds
738,594
751,888
For the year ending 5 April 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 directors acknowledge their 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 of Directors and authorised for issue on 24 December 2025 and were signed on its behalf by
Alan Pascoe Director Company Registration No. 01410742
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A.P.S. Limited Notes to the Accounts for the year ended 5 April 2025
1
Statutory information
A.P.S. Limited is a private company, limited by shares, registered in England and Wales, registration number 01410742. The registered office is Monksbridge, Thames Street, Sunbury-on-Thames, Middlesex, TW16 5QP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Revenue
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised: Rendering of services Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: * the amount of revenue can be measured reliably; * it is probable that the Company will receive the consideration due under the contract; * the stage of completion of the contract at the end of the reporting period can be measured reliably; and * the costs incurred and the costs to complete the contract can be measured reliably.
Presentation currency
The accounts are presented in £ sterling.
Operating Leases: the Company as Lessee
Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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A.P.S. Limited Notes to the Accounts for the year ended 5 April 2025
Current and Deferred taxation
The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted orsubstantively enacted by the reporting date in the countries where the Company operates and generates income. Deferred tax balances are recognised in respect of all timing differences that have originated but not reversedby the reporting date, except that: * The recognition of deferred tax assets is limited to the extent that it is probable that they will berecovered against the reversal of deferred tax liabilities or other future taxable profits; and * Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met. Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations,when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method. Depreciation is provided on the following basis: Fixtures and fittings - 15% straight line Sporting memorabilia - no depreciation applied The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date. Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Investment property
Investment property is carried at fair value determined annually by the Directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.
Financial instruments
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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A.P.S. Limited Notes to the Accounts for the year ended 5 April 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
£
£
£
Cost or valuation
At cost
At cost
At 6 April 2024
10,222
45,085
55,307
At 5 April 2025
10,222
45,085
55,307
Depreciation
At 6 April 2024
-
45,085
45,085
At 5 April 2025
-
45,085
45,085
Net book value
At 5 April 2025
10,222
-
10,222
At 5 April 2024
10,222
-
10,222
5
Investment property
2025
£
Fair value at 6 April 2024
875,000
At 5 April 2025
875,000
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
-
48,450
7
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
6,327
12,670
Loans from directors
77,379
89,782
Accruals
4,750
2,000
88,456
104,452
8
Loans to directors
Brought Forward
Advance/ credit
Repaid
Carried Forward
£
£
£
£
Alan Pascoe
Loan to A.P.S. Limited
(76,939)
11,023
-
(65,916)
Daniel James Pascoe
Loan to A.P.S. Limited
(7,843)
1,380
-
(6,463)
Lucy Joanna Pascoe
Loan to A.P.S Limited
(5,000)
-
-
(5,000)
(89,782)
12,403
-
(77,379)
- 7 -
A.P.S. Limited Notes to the Accounts for the year ended 5 April 2025
9
Average number of employees
During the year the average number of employees was 4 (2024: 5).
- 8 -