Apex Motor Parts (Hereford) Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 04351888 (England and Wales)

Apex Motor Parts (Hereford) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

R Fish

R D Fish

Mrs E C Griffiths

SECRETARY:

Mrs E C Griffiths

REGISTERED OFFICE:

47 Weeping Cross Lane

Ludlow

SHROPSHIRE

SY8 1JH

REGISTERED NUMBER:

04351888 (England and Wales)

ACCOUNTANTS:

Streets Dyke Ruscoe Ltd

110 Corve Street

Ludlow

SHROPSHIRE

SY8 1DJ

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

909,952

305,465

909,952

305,465

CURRENT ASSETS

Stocks

269,517

258,006

Debtors

6

500,451

578,242

Cash at bank and in hand

194,358

446,848

964,326

1,283,096

CREDITORS

Amounts falling due within one year

7

890,167

703,165

NET CURRENT ASSETS

74,159

579,931

TOTAL ASSETS LESS CURRENT
LIABILITIES

984,111

885,396

PROVISIONS FOR LIABILITIES

35,442

13,398

NET ASSETS

948,669

871,998

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

948,569

871,898

SHAREHOLDERS' FUNDS

948,669

871,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 June 2026 and were signed on its behalf by:

R Fish - Director

R D Fish - Director

Mrs E C Griffiths - Director

1.	STATUTORY INFORMATION

Apex Motor Parts (Hereford) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

2% on cost

Plant and machinery

-

20% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

20% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. 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 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

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 (2024 - 19 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2025

and 31 December 2025

129,999

AMORTISATION

At 1 January 2025

and 31 December 2025

129,999

NET BOOK VALUE

At 31 December 2025

-

At 31 December 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Freehold

to

Plant and

property

machinery

£

COST

At 1 January 2025

240,000

-

1,375

Additions

244,199

234,592

-

Disposals

-

At 31 December 2025

484,199

234,592

1,375

DEPRECIATION

At 1 January 2025

-

1,325

Charge for year

-

1,414

10

Eliminated on disposal

-

At 31 December 2025

-

1,414

1,335

NET BOOK VALUE

At 31 December 2025

484,199

233,178

40

At 31 December 2024

240,000

-

50

Fixtures

and

Motor

Computer

fittings

vehicles

equipment

Totals

£

COST

At 1 January 2025

16,782

97,551

25,759

381,467

Additions

59,860

97,186

2,555

638,392

Disposals

-

(25,240

)

-

(25,240

)

At 31 December 2025

76,642

169,497

28,314

994,619

DEPRECIATION

At 1 January 2025

12,727

36,769

25,181

76,002

Charge for year

3,355

23,338

638

28,755

Eliminated on disposal

-

(20,090

)

-

(20,090

)

At 31 December 2025

16,082

40,017

25,819

84,667

NET BOOK VALUE

At 31 December 2025

60,560

129,480

2,495

909,952

At 31 December 2024

4,055

60,782

578

305,465

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade debtors

483,937

558,546

Other debtors

7,015

6,883

Prepayments

9,499

12,813

500,451

578,242

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

472,408

299,512

Tax

3,984

52,423

Social security and other taxes

18,367

11,952

VAT

9,709

47,460

Other creditors

380,373

287,083

Directors' current accounts

495

Accrued expenses

4,831

4,240

890,167

703,165

Other creditors includes loans from Ludford Parts Ltd. No repayment terms have been set and no interest is charged by the company.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

No repayment terms have been set for the loan included within creditors and no interest has been charged by the directors.