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

COMPANY REGISTRATION NUMBER: 06692651

Apex Europe Limited

Filleted Unaudited Financial Statements

30 March 2026

Apex Europe Limited

Financial Statements

Year ended 30 March 2026

Contents	Page

Directors' report	1

Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements	2

Statement of financial position	3

Notes to the financial statements	5

Apex Europe Limited

Directors' Report

Year ended 30 March 2026

The directors present their report and the unaudited financial statements of the company for the year ended 30 March 2026 .

Directors

The directors who served the company during the year were as follows:

Mr L McLachlan
Miss L McLachlan

Employment of disabled persons

The company is committed to promoting equality and inclusivity in the workplace. Applications for employment from disabled persons are given full consideration, taking into account the individual's aptitudes and abilities. The company’s policy ensures that disabled employees have access to training and career development opportunities equivalent to those available to all staff. In the event that an employee becomes disabled during their tenure, the company is dedicated to making every reasonable effort to retain their employment within the group, providing appropriate training and support as needed.

Small company provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

This report was approved by the board of directors on 25 June 2026 and signed on behalf of the board by:

Miss L McLachlan

Director

Registered office:

Old Hall Farm

19 Barnston Lane

Moreton

Wirral

England

CH46 7TN

Apex Europe Limited

Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Apex Europe Limited

Year ended 30 March 2026

As described on the statement of financial position, the directors of the company are responsible for the preparation of the financial statements for the year ended 30 March 2026, which comprise the statement of financial position and the related notes. You consider that the company is exempt from an audit under the Companies Act 2006. In accordance with your instructions we have compiled these financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to us.

HAILWOOD & CO. Chartered accountants

392-394 Hoylake Road Moreton Wirral CH46 6DF

25 June 2026

Apex Europe Limited

Statement of Financial Position

30 March 2026

	2026	2025
Note	£	£

Current assets

Debtors	6	2,079,210	2,354,602
Cash at bank and in hand		164,464	33,647
		------------	------------
		2,243,674	2,388,249

Creditors: amounts falling due within one year	7	( 2,102,317)	( 2,315,782)
		------------	------------
Net current assets		141,357	72,467
		---------	--------
Total assets less current liabilities		141,357	72,467

Creditors: amounts falling due after more than one year	8	–	( 6,123)
		---------	--------
Net assets		141,357	66,344
		---------	--------

Capital and reserves

Called up share capital		100	100
Profit and loss account	9	141,257	66,244
		---------	--------
Shareholders funds		141,357	66,344
		---------	--------

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 30 March 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Apex Europe Limited

Statement of Financial Position (continued)

30 March 2026

These financial statements were approved by the board of directors and authorised for issue on 25 June 2026 , and are signed on behalf of the board by:

Miss L McLachlan

Director

Company registration number: 06692651

Apex Europe Limited

Notes to the Financial Statements

Year ended 30 March 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Old Hall Farm, 19 Barnston Lane, Moreton, Wirral, CH46 7TN, England.

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, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Debtor balances

The directors have made a judgement that a significant amount due from a connected party is recoverable.

Disclosure exemptions

The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1.12 of FRS 102: no cash flow statement has been presented for the company.

Judgements and key sources of estimation uncertainty

In the application of the company's accounting policies, management is required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily available from other sources. The estimates and underlying assumptions are based on experience and other factors considered to be relevant. Actual results may differ from these estimates. The key judgements and sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described in the accounting policies.

Revenue recognition

Turnover represents net invoiced sales from payroll services and 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 as the service is provided. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.

Income tax

The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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 tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax payable or recoverable using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting 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. Current or deferred taxation assets and liabilities are not discounted. 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.

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	-	33% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Financial instruments

Intercompany loans (being repayable on demand), trade debtors, and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 220 (2025: 250 ).

5. Tangible assets

	Plant and machinery
	£
Cost
At 31 March 2025 and 30 March 2026	5,900
	-------
Depreciation
At 31 March 2025 and 30 March 2026	5,900
	-------
Carrying amount
At 30 March 2026	–
	-------
At 30 March 2025	–
	-------

6. Debtors

	2026	2025
	£	£
Trade debtors	5,991	4,171
Amounts owed by group undertakings	7,767	–
Prepayments and accrued income	14,202	66,158
Other debtors	2,051,250	2,284,273
	------------	------------
	2,079,210	2,354,602
	------------	------------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Bank loans and overdrafts	6,839	10,671
Trade creditors	136	77
Amounts owed to group undertakings and undertakings in which the company has a participating interest	1,959,325	1,856,140
Corporation tax	40,104	45,070
Social security and other taxes	86,910	394,998
Apex Vertex Limited	1,430	–
Other creditors	7,573	8,826
	------------	------------
	2,102,317	2,315,782
	------------	------------

8. Creditors: amounts falling due after more than one year

	2026	2025
	£	£
Bank loans and overdrafts	–	6,123
	----	-------

9. Reserves

Profit and loss account - This reserve records retained earnings and accumulated losses.

10. Ultimate parent company

Apex Prism Limited is regarded by the directors as being the company's ultimate parent company.

Apex Prism Limited prepares consolidated financial statements which are available from Companies House, Crown Way, Cardiff, CF14 3UZ.

11. Ultimate controlling party

The ultimate controlling party of the company is Mr L. McLachlan and Miss L. McLachlan, who are directors, by virtue of their shareholding in Apex Prism Limited.

12. Related party transactions

During the year the company entered into the following transactions with related parties:

	Transaction value		Balance owed by/(owed to)
	2026	2025	2026	2025
	£	£	£	£
Pearl Management Limited	470,000	–	2,039,900	2,252,866
Apex Vertex Limited	–	–	( 1,430)	–
	---------	----	------------	------------

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.