New Apex Ltd Accounts






New Apex Ltd

	Company No. 08096842
		Information for Filing with The Registrar
		30 September 2025

at	30 September 2025
Company No.		08096842	Notes	2025	2024
					(Restated)
				£	£
Fixed assets

	Tangible assets		5	18,404	5,874


				18,404	5,874
Current assets
	Stocks		6	280,000	36,800
	Debtors		7	206,911	5,195

	Cash at bank and in hand			-	22,238
				486,911	64,233
Creditors: Amount falling due within one year			8	(3,002,938)	(2,417,061)
Net current liabilities				(2,516,027)	(2,352,828)
Total assets less current liabilities				(2,497,623)	(2,346,954)




Net liabilities				(2,497,623)	(2,346,954)

Capital and reserves
	Called up share capital			10,000	10,000



	Profit and loss account		9	(2,507,623)	(2,356,954)

Total equity				(2,497,623)	(2,346,954)



These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.

For the year ended 30 September 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 Companies Act 2006 with respect to accounting records and the preparation of accounts.



As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.

Approved by the board on 22 September 2026 and signed on its behalf by:
Y. Guo
Director
22 September 2026

for the year ended 30 September 2025

General information

New Apex Ltd is a private company limited by shares and incorporated in England and Wales.

Its registered number is: 08096842

Its registered office is:

6 Queensway North

Team Valley Trading Estate

Third Ave

Gateshead

NE11 0NY

The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Accounting policies

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced
for estimated customer returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when all the following conditions are satisfied:
• the Company has transferred to the buyer the significant risks and rewards of ownership of the
goods;
• the Company retains neither continuing managerial involvement to the degree usually associated
with ownership nor effective control over the goods sold;
• the amount of revenue can be measured reliably;
• it is probable that the economic benefits associated with the transaction will flow to the Company;
and
• the costs incurred or to be incurred in respect of the transaction can be measured reliably.
Specifically, revenue from the sale of goods is recognised when goods are delivered and legal title is
passed.

Tangible fixed assets and depreciation

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.

Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:

Plant and machinery

20% Straight Line

Motor vehicles

20% Straight Line

Furniture, fittings and equipment

33% Straight Line

Research and development costs

Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line. The prior year figures have been restated to recognise research and development costs paid personally by the director, which were omitted from the original financial statements.

Taxation

Income tax expense represents the sum of the tax currently payable.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs.

Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts.

Trade and other creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Foreign currencies

The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.

Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. all differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.

3	Employees
			2025	2024
			Number	Number
		The average monthly number of employees (including directors) during the year was:	7	7

4	Taxation
		(a) Tax on profit on ordinary activities	2025
		The tax charge is made up as follows:	£
		UK corporation tax










		(b) Factors affecting the total tax charge for the period
		The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
		Higher	2025	2024
		37667	£	£
		Profit on ordinary activities before tax	(150,669)	(303,874)

		Standard rate of corporation tax in the United Kingdom	25%	25%

		Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom	(37,667)	(75,969)
		Expenses not deductible for tax purposes	-	-

		Utilisation of tax losses	37,667	75,969

5	Tangible fixed assets
			Plant and machinery	Motor vehicles	Fixtures, fittings and equipment	Total
			£	£	£	£
		Cost or revaluation
		At 1 October 2024	10,605	-	14,547	25,152
		Additions	-	15,519	4,828	20,347



		At 30 September 2025	10,605	15,519	19,375	45,499
		Depreciation
		At 1 October 2024	6,176	-	13,102	19,278
		Charge for the year	2,121	3,104	2,592	7,817



		At 30 September 2025	8,297	3,104	15,694	27,095
		Net book values
		At 30 September 2025	2,308	12,415	3,681	18,404
		At 30 September 2024	4,429	-	1,445	5,874

6	Stocks
			2025	2024
			£	£
		Raw materials and consumables	280,000	36,800


			280,000	36,800

7	Debtors
			2025	2024
			£	£
		Trade debtors	206,001	4,285





		Other debtors	910	910

			206,911	5,195

8	Creditors:
		amounts falling due within one year
			2025	2024
			£	£

		Bank loans and overdrafts	6,267	5,660


		Trade creditors	14,129	4,625

		Taxes and social security	127,658	65,567
		Loans from directors	2,852,848	2,338,022
		Other creditors	543	200
		Accruals and deferred income	1,493	2,987
			3,002,938	2,417,061

Reserves

Profit and loss account - includes all current and prior period retained profits and losses.