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Company Registration No. 02807743 (England and Wales)
Apple Office Equipment Limited Unaudited accounts for the year ended 31 March 2026
Apple Office Equipment Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Apple Office Equipment Limited Company Information for the year ended 31 March 2026
Director
Mr N D Page
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
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Apple Office Equipment Limited Statement of financial position as at 31 March 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
74,935
52,771
Current assets
Inventories
5
77,059
32,932
Debtors
6
95,613
103,108
Cash at bank and in hand
23,348
36,194
196,020
172,234
Creditors: amounts falling due within one year
7
(324,859)
(218,964)
Net current liabilities
(128,839)
(46,730)
Total assets less current liabilities
(53,904)
6,041
Creditors: amounts falling due after more than one year
8
(32,788)
(19,851)
Provisions for liabilities
Deferred tax
-
(8,854)
Net liabilities
(86,692)
(22,664)
Capital and reserves
Called up share capital
100
100
Profit and loss account
(86,792)
(22,764)
Shareholders' funds
(86,692)
(22,664)
For the year ending 31 March 2026 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 22 July 2026 and were signed on its behalf by
Mr N D Page Director Company Registration No. 02807743
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Apple Office Equipment Limited Notes to the Accounts for the year ended 31 March 2026
1
Statutory information
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.
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.
Going concern
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.
Turnover
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
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Apple Office Equipment Limited Notes to the Accounts for the year ended 31 March 2026
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Financial assets
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.
Financial liabilities
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
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
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 taxation
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.
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Apple Office Equipment Limited Notes to the Accounts for the year ended 31 March 2026
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 2025
52,665
10,121
166,575
23,392
252,753
Additions
-
-
41,494
-
41,494
Disposals
-
-
(56,544)
-
(56,544)
At 31 March 2026
52,665
10,121
151,525
23,392
237,703
Depreciation
At 1 April 2025
40,079
4,731
140,415
14,757
199,982
Charge for the year
2,864
1,347
13,824
1,295
19,330
On disposals
-
-
(56,544)
-
(56,544)
At 31 March 2026
42,943
6,078
97,695
16,052
162,768
Net book value
At 31 March 2026
9,722
4,043
53,830
7,340
74,935
At 31 March 2025
12,586
5,390
26,160
8,635
52,771
5
Inventories
2026
2025
£
£
Finished goods
77,059
32,932
77,059
32,932
6
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
50,258
64,504
Other debtors
45,355
38,604
95,613
103,108
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Apple Office Equipment Limited Notes to the Accounts for the year ended 31 March 2026
7
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
82,989
22,706
Obligations under finance leases and hire purchase contracts
20,781
11,012
Trade creditors
88,261
44,284
Taxes and social security
101,463
107,318
Other creditors
31,365
33,644
324,859
218,964
The following secured debts are included in creditors above: Hire Purchase Contracts £20,781 (2024: £11,012) The hire purchase contracts are secured on the assets to which they relate.
8
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
3,333
Obligations under finance leases and hire purchase contracts
32,788
16,518
32,788
19,851
The following secured debts are included in creditors above: Hire Purchase Contracts £32,788 (2025: £16,518) The hire purchase contracts are secured on the assets to which they relate.
9
Loans to directors
During the year advances totalling £18,594 (2025: £nil) were made to the company's director. £6,836 (2025: £nil) was repaid prior to the year-end. At the year-end the amount owed by the director to the company was £11,758 (2025: £nil). Interest has been charged at the HMRC official rate of interest and the loan is repayable on demand.
10
Average number of employees
During the year the average number of employees was 9 (2025: 9).
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