Company Registration No. 04367682 (England and Wales)
Apex Building Plastics (South West) Ltd
Unaudited accounts
for the year ended 30 April 2023
Apex Building Plastics (South West) Ltd
Unaudited accounts
Contents
Apex Building Plastics (South West) Ltd
Company Information
for the year ended 30 April 2023
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
De Verose Accounting Ltd
18 De Verose Court
Hanham
Bristol
BS15 3SW
Apex Building Plastics (South West) Ltd
Statement of financial position
as at 30 April 2023
Tangible assets
10,012
14,417
Cash at bank and in hand
158,879
150,384
Creditors: amounts falling due within one year
(15,405)
(35,906)
Net current assets
205,278
215,868
Total assets less current liabilities
215,290
230,285
Creditors: amounts falling due after more than one year
(5,780)
(4,562)
Provisions for liabilities
Deferred tax
(1,902)
(2,739)
Net assets
207,608
222,984
Called up share capital
1,000
1,000
Profit and loss account
206,608
221,984
Shareholders' funds
207,608
222,984
For the year ending 30 April 2023 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 24 May 2023 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 2023
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 2023
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 May 2022
10,714
40,470
51,184
Disposals
(8,271)
(7,984)
(16,255)
At 30 April 2023
2,443
32,486
34,929
At 1 May 2022
10,484
26,283
36,767
Charge for the year
58
3,281
3,339
On disposals
(8,271)
(6,918)
(15,189)
At 30 April 2023
2,271
22,646
24,917
At 30 April 2023
172
9,840
10,012
At 30 April 2022
230
14,187
14,417
Amounts falling due within one year
Trade debtors
8,434
30,297
Accrued income and prepayments
1,899
1,416
Other debtors
2,750
17,750
7
Creditors: amounts falling due within one year
2023
2022
Trade creditors
3,329
8,413
Taxes and social security
8,166
21,672
Apex Building Plastics (South West) Ltd
Notes to the Accounts
for the year ended 30 April 2023
8
Creditors: amounts falling due after more than one year
2023
2022
Loans from directors
5,780
4,562
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 (2022: 4).