APSL Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10139488 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2019

FOR

APSL SYSTEMS LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs S L Jackman

J G Roberts

Mrs D E Roberts

A Jackman

REGISTERED OFFICE:

46 Somers Road Industrial Estate

Somers Road

Rugby

Warwickshire

CV22 7DH

REGISTERED NUMBER:

10139488 (England and Wales)

BANKERS:

Lloyds TSB Bank PLC

17-23 Coventry Street

Nuneaton

CV11 5TD

FIXED ASSETS

Tangible assets

4

16,430

3,082

CURRENT ASSETS

Debtors

1,264,809

1,051,776

Cash at bank

314,693

290,605

1,579,502

1,342,381

CREDITORS

Amounts falling due within one year

1,263,170

1,148,665

NET CURRENT ASSETS

316,332

193,716

TOTAL ASSETS LESS CURRENT LIABILITIES

332,762

196,798

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

6

-

6,899

Retained earnings

332,662

189,799

SHAREHOLDERS' FUNDS

332,762

196,798

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 June 2019 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 20 September 2019 and were signed on its behalf by:

A Jackman - Director

1.	STATUTORY INFORMATION

APSL Systems Limited is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities"

of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of

Ireland" and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and is rounded

to the nearest £1.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting

policies adopted in the preparation of the financial statements are set out below.

Turnover

Turnover comprises the value of sales (net of value added tax) of goods and services provided in the normal

course of business. Revenue is recognised in respect of service contracts when the company obtains the right to

consideration.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture and equipment

-

Over 3 years

Computer equipment

-

Straight line over 3 years and 2 years straight line

Taxation

Taxation for the year comprises current tax. Tax is recognised in the Income Statement, except to the extent that

it relates to items recognised in other comprehensive income or directly in equity.

Current taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2018 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 July 2018

13,698

Additions

20,230

Disposals

(4,800

)

At 30 June 2019

29,128

DEPRECIATION

At 1 July 2018

10,616

Charge for year

6,882

Eliminated on disposal

(4,800

)

At 30 June 2019

12,698

NET BOOK VALUE

At 30 June 2019

16,430

At 30 June 2018

3,082

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2019

2018

value:

£

£

100

Ordinary

£1

100

100

6.

RESERVES

Revaluation

reserve

£

At 1 July 2018

6,899

Profit and loss account transf

(6,899

)

At 30 June 2019

-

7.	FINANCIAL COMMITMENTS

At 30 June 2019, the company had total commitments under non-cancellable operating leases over the remaining

life of those leases of £51,000 (2018 - £69,000.)