Company Registration No. 13847711 (England and Wales)
APEG UK LTD
Unaudited Financial Statements
for the period from 13 January 2022 to 31 January 2023
APEG UK LTD
Unaudited Financial Statements
Contents
APEG UK LTD
Company Information
for the period from 13 January 2022 to 31 January 2023
Directors
Afrina B WAHID
Alya B WAHID
Company Number
13847711 (England and Wales)
Registered Office
1 Monks Pond Street
Northampton
NN1 2LF
United Kingdom
Accountants
Adelita Shah Chartered Accountants
1 Monks Pond Street
Northampton
NN1 2LF
APEG UK LTD
Statement of financial position
as at 31 January 2023
Cash at bank and in hand
25,079
Creditors: amounts falling due within one year
(169,792)
Profit and loss account
47,167
Shareholders' funds
47,169
For the period ending 31 January 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 11 October 2023 and were signed on its behalf by
Afrina B WAHID
Director
Company Registration No. 13847711
APEG UK LTD
Notes to the Accounts
for the period from 13 January 2022 to 31 January 2023
APEG UK LTD is a private company, limited by shares, registered in England and Wales, registration number 13847711. The registered office is 1 Monks Pond Street, Northampton, NN1 2LF, United Kingdom.
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 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The total current assets exceeds the total current liabilities of the company as at 31st January 2023. The directors remain confident that company will be profitable post year-end.It is for these reasons the accounts have been prepared on a going concern basis.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Amounts falling due within one year
Accrued income and prepayments
11,842
Amounts falling due after more than one year
APEG UK LTD
Notes to the Accounts
for the period from 13 January 2022 to 31 January 2023
5
Creditors: amounts falling due within one year
2023
Taxes and social security
11,064
Loans from directors
142,460
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
-
142,460
-
142,460
Balance of £142,460 is still owing to the Director at the year end. It will be interest free.
7
Average number of employees
During the period the average number of employees was 2.