Company Registration No. 04367682 (England and Wales)
Apex Building Plastics (South West) Ltd
Unaudited accounts
for the year ended 30 April 2020
Apex Building Plastics (South West) Ltd
Unaudited accounts
Contents
Apex Building Plastics (South West) Ltd
Company Information
for the year ended 30 April 2020
Directors
Mr R Andrews
Mrs E Andrews
Company Number
04367682 (England and Wales)
Registered Office
4-5 WOOD ROAD INDUSTRIAL ESTATE
KINGSWOOD
BRISTOL
BS15 8NN
Accountants
KA Accounting
18 De Verose Court
Hanham
Bristol
BS15 3SW
Apex Building Plastics (South West) Ltd
Statement of financial position
as at
30 April 2020
Tangible assets
12,632
5,123
Inventories
31,481
34,361
Cash at bank and in hand
119,796
82,308
Creditors: amounts falling due within one year
(32,656)
(28,363)
Net current assets
141,991
118,871
Total assets less current liabilities
154,623
123,994
Provisions for liabilities
Deferred tax
(2,400)
(973)
Net assets
152,223
123,021
Called up share capital
1,000
1,000
Profit and loss account
151,223
122,021
Shareholders' funds
152,223
123,021
For the year ending 30 April 2020 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 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 of Directors and authorised for issue on 17 June 2020 and were signed on its behalf by
Mr R Andrews
Director
Company Registration No. 04367682
Apex Building Plastics (South West) Ltd
Notes to the Accounts
for the year ended 30 April 2020
Apex Building Plastics (South West) Ltd is a private company, limited by shares, registered in England and Wales, registration number 04367682. The registered office is 4-5 WOOD ROAD INDUSTRIAL ESTATE, KINGSWOOD, BRISTOL, BS15 8NN.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Motor vehicles
25% Reducing balance
Intangible fixed assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight basis over their estimated useful economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Stocks and work-in-progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Apex Building Plastics (South West) Ltd
Notes to the Accounts
for the year ended 30 April 2020
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2019
10,714
24,054
34,768
Additions
-
11,991
11,991
Disposals
-
(8,575)
(8,575)
At 30 April 2020
10,714
27,470
38,184
At 1 May 2019
10,167
19,478
29,645
Charge for the year
137
4,074
4,211
On disposals
-
(8,304)
(8,304)
At 30 April 2020
10,304
15,248
25,552
At 30 April 2020
410
12,222
12,632
At 30 April 2019
547
4,576
5,123
Finished goods
31,481
34,361
Trade debtors
21,827
29,221
Accrued income and prepayments
1,543
1,344
Apex Building Plastics (South West) Ltd
Notes to the Accounts
for the year ended 30 April 2020
8
Creditors: amounts falling due within one year
2020
2019
Trade creditors
11,058
9,810
Taxes and social security
20,983
18,053
9
Share capital
2020
2019
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
10
Average number of employees
During the year the average number of employees was 4 (2019: 4).