Apex ABS Ltd 31/03/2026 iXBRL

Company registration number: 09553113

Apex ABS Ltd

Unaudited filleted financial statements

31 March 2026

Apex ABS Ltd

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Apex ABS Ltd

Directors and other information


Directors	Mr Phillip May
	Mr Ismail Gozde
	Miss Shelsea Waldock
	Mrs Karolina Labecka	(Resigned 9 April 2025)


Company number	09553113


Registered office	3 The Pantiles
	Bexleyheath
	Kent
	DA7 5HH


Business address	3 The Pantiles
	Bexleyheath
	Kent
	DA7 5HH


Accountants	Henry Reeves & Co Medway Limited
	69-71 High Street
	Chatham
	Kent
	ME4 4EE

Apex ABS Ltd

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Apex ABS Ltd

Year ended 31 March 2026

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Apex ABS Ltd for the year ended 31 March 2026 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Apex ABS Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Apex ABS Ltd and state those matters that we have agreed to state to the board of directors of Apex ABS Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Apex ABS Ltd and its board of directors as a body for our work or for this report.

It is your duty to ensure that Apex ABS Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Apex ABS Ltd. You consider that Apex ABS Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Apex ABS Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Henry Reeves & Co Medway Limited

69-71 High Street

Chatham

Kent

ME4 4EE

5 November 2026

Apex ABS Ltd

Statement of financial position

31 March 2026

		2026		2025
	Note	£	£	£	£

Fixed assets
Intangible assets	5	2,320		4,520
Tangible assets	6	54,429		74,837
		______		______
			56,749		79,357

Current assets
Debtors	7	39,953		40,901
Cash at bank and in hand		468,070		849,598
		______		______
		508,023		890,499
Creditors: amounts falling due
within one year	8	( 204,253)		( 363,233)
		______		______
Net current assets			303,770		527,266
			______		______
Total assets less current liabilities			360,519		606,623

Creditors: amounts falling due
after more than one year	9		-		( 50,950)

Provisions for liabilities			( 10,342)		( 18,709)

Accruals and deferred income			( 15,308)		( 13,012)

			______		______
Net assets			334,869		523,952
			______		______

Capital and reserves
Called up share capital	10		100		100
Profit and loss account			334,769		523,852
			______		______
Shareholders funds			334,869		523,952
			______		______

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.

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.

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.

These financial statements were approved by the board of directors and authorised for issue on 05 November 2026 , and are signed on behalf of the board by:

Mr Phillip May Miss Shelsea Waldock

Director Director

Company registration number: 09553113

Apex ABS Ltd

Notes to the financial statements

Year ended 31 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 3 The Pantiles, Bexleyheath, Kent, DA7 5HH.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:Rendering of servicesTurnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:- the amount of turnover can be measured reliably;- it is probable that the company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measured reliably; and- the costs incurred and the costs to complete the contract can be measured reliably.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover 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 at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Operating leases

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Goodwill

Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.

Tangible assets

tangible assets are initially recorded at cost, and are 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 capital and reserves, 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 capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves 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:


Fittings fixtures and equipment	-	25% Reducing balance / 25% straight line
Motor vehicles	-	25% Reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.

Financial instruments

The company only enters into financial instruments that result in the recognition of financial assets and liabilities, such as trade and other debtors and creditors.

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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised in finance costs in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 36 (2025: 36 ).

5. Intangible assets

	Goodwill	Total
	£	£
Cost
At 1 April 2025 and 31 March 2026	22,200	22,200
	______	______
Amortisation
At 1 April 2025	17,680	17,680
Charge for the year	2,200	2,200
	______	______
At 31 March 2026	19,880	19,880
	______	______
Carrying amount
At 31 March 2026	2,320	2,320
	______	______
At 31 March 2025	4,520	4,520
	______	______

6. Tangible assets

	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£
Cost
At 1 April 2025	64,689	96,570	161,259
Additions	4,131	-	4,131
	______	______	______
At 31 March 2026	68,820	96,570	165,390
	______	______	______
Depreciation
At 1 April 2025	44,173	42,249	86,422
Charge for the year	10,959	13,580	24,539
	______	______	______
At 31 March 2026	55,132	55,829	110,961
	______	______	______
Carrying amount
At 31 March 2026	13,688	40,741	54,429
	______	______	______
At 31 March 2025	20,516	54,321	74,837
	______	______	______

7. Debtors

	2026	2025
	£	£
Trade debtors	26,445	28,682
Other debtors	13,508	12,219
	______	______
	39,953	40,901
	______	______

8. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	12,268	15,600
Corporation tax	7,961	135,274
Social security and other taxes	129,472	194,876
Other creditors	54,552	17,483
	______	______
	204,253	363,233
	______	______

Total hire purchase loans falling due within one year of £50,857 (2025 - £65,575) are secured on the assets concerned.

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

	2026	2025
	£	£
Other creditors	-	50,950
	______	______

10. Called up share capital

Issued, called up and fully paid

	2026		2025
	No	£	No	£
A Ordinary share shares of £ 1.00 each	47	47	47	47
B Ordinary share shares of £ 1.00 each	47	47	47	47
C Ordinary share shares of £ 1.00 each	4	4	4	4
D Ordinary share shares of £ 1.00 each	1	1	1	1
E Ordinary share shares of £ 1.00 each	1	1	1	1
	______	______	______	______
	100	100	100	100
	______	______	______	______

11. Operating leases

The company as lessee

The total future minimum lease payments under non-cancellable operating leases are as follows:


	£	£

Not later than 1 year	72,116	70,734
Later than 1 year and not later than 5 years	152,931	107,744
	______	______
	225,047	178,478
	______	______

12. Directors advances, credits and guarantees

	During the year the directors entered into the following advances and credits with the company:

2026
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Phillip May	798	-	( 312)	486
		______	______	______	______

2025
		Balance brought forward	Advances /(credits) to the directors	Amounts repaid	Balance o/standing
		£	£	£	£
	Mr Phillip May	986	634	( 822)	798
		______	______	______	______

13. Controlling party

The company was under the control of PJ Lets Limited, throughout the current and previous year.