Registration number: 12162856

APF Enterprises Ltd

Contents

Balance Sheet	1
Notes to the Unaudited Financial Statements	2 to 7

APF Enterprises Ltd

(Registration number: 12162856)
Balance Sheet as at 28 February 2026

	Note	2026 £	2024 £
Fixed assets
Tangible assets	4	625	12,580
Current assets
Stocks	5	12,870	50,221
Debtors	6	4,821	2,639
Cash at bank and in hand		12,698	10,867
		30,389	63,727
Creditors: Amounts falling due within one year	7	(20,106)	(40,148)
Net current assets		10,283	23,579
Total assets less current liabilities		10,908	36,159
Creditors: Amounts falling due after more than one year	7	(22,555)	(40,025)
Net liabilities		(11,647)	(3,866)
Capital and reserves
Called up share capital		1	1
Retained earnings		(11,648)	(3,867)
Shareholders' deficit		(11,647)	(3,866)

For the financial period ending 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 19 October 2026
 

......................................... A P Farmer Director

APF Enterprises Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 February 2026

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
109 Critchill Road
Frome
Somerset
BA11 4HW

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and equipment	25% reducing balance
Motor vehicles	25% reducing balance

APF Enterprises Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 February 2026

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

APF Enterprises Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 February 2026

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0 (2024 - 1).

APF Enterprises Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 February 2026

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 September 2024	775	15,999	16,774
Disposals	-	(15,499)	(15,499)
At 28 February 2026	775	500	1,275
Depreciation
At 1 September 2024	194	4,000	4,194
Charge for the period	218	113	331
Eliminated on disposal	-	(3,875)	(3,875)
At 28 February 2026	412	238	650
Net book value
At 28 February 2026	363	262	625
At 31 August 2024	581	11,999	12,580

5

Stocks

	2026 £	2024 £
Stock	12,870	50,221

6

Debtors

	2026 £	2024 £
Trade debtors	-	60
Prepayments	4,821	2,579
	4,821	2,639

APF Enterprises Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 February 2026

7

Creditors

Amounts falling due within one year

	Note	2026 £	2024 £
Due within one year
Loans and borrowings	8	7,112	9,765
Taxation and social security		245	4,482
Other creditors		1,905	1,051
Loan from director		10,844	24,850
		20,106	40,148

Amounts falling due after more than one year

	Note	2026 £	2024 £
Due after one year
Loans and borrowings	8	22,555	40,025

8	Loans and borrowings

Non-current loans and borrowings

	2026 £	2024 £
Bank borrowings	22,555	31,116
Hire purchase contracts	-	8,909
	22,555	40,025

Current loans and borrowings

	2026 £	2024 £
Bank borrowings	7,112	6,751
Hire purchase contracts	-	3,014
	7,112	9,765

APF Enterprises Ltd

Notes to the Unaudited Financial Statements for the Period from 1 September 2024 to 28 February 2026

9	Obligations under leases and hire purchase contracts

Operating leases

The total of future minimum lease payments is as follows:

	2026 £	2024 £
Not later than one year	4,034	-
Later than one year and not later than five years	1,345	-
	5,379	-

The amount of non-cancellable operating lease payments recognised as an expense during the period was £4,053 (2024 - £Nil).