APC & C Limited - Accounts to registrar (filleted) - small 18.2
APC & C Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2019 |
| FOR |
| APC & C LIMITED |
| APC & C LIMITED (REGISTERED NUMBER: 08877574) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2019 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| APC & C LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 March 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 4th Floor |
| Venture House |
| 27-29 Glasshouse Street |
| London |
| W1B 5DF |
| APC & C LIMITED (REGISTERED NUMBER: 08877574) |
| STATEMENT OF FINANCIAL POSITION |
| 31 March 2019 |
| 2019 | 2018 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Property, plant and equipment | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered. |
| The financial statements were approved by the Board of Directors on by: |
| APC & C LIMITED (REGISTERED NUMBER: 08877574) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 March 2019 |
| 1. | STATUTORY INFORMATION |
| APC & C Limited is a |
| registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover and revenue recognition |
| The turnover is the total amount, excluding value added tax, receivable by the company in the ordinary course of |
| business for the services provided by the company. |
| Revenue is recognised at the date the invoice is raised by the company. |
| Tangible fixed assets |
| Office equipments | - |
| Taxation |
| Taxation for the year comprises current and deferred 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 or deferred 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 statement of financial position date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| statement of financial position date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from |
| those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that |
| have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the |
| timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they |
| will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| APC & C LIMITED (REGISTERED NUMBER: 08877574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2019 |
| 2. | ACCOUNTING POLICIES - continued |
| Financial instruments |
| The company has chosen to adopt Section 11 of FRS 102 in respect of financial instruments as it has only basic |
| financial instruments. |
| a) Basic financial assets |
| Bank balances are initially recognised at transaction price and subsequently carried at amortised cost being the |
| transaction price less any amounts settled and any impairment losses. |
| At the end of each reporting period basic financial assets measured at amortised cost are assessed for objective |
| evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount |
| and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The |
| impairment loss is recognised in profit or loss. |
| If there is decrease in the impairment loss arising from an event occurring after the impairment was recognised |
| the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the |
| carrying amount would have been had the impairment not previously been recognised. The impairment reversal |
| is recognised in profit or loss. |
| A financial asset is derecognised only when the contractual rights to cash flows expire or are settled, or |
| substantially all the risks and rewards of ownership are transferred to another party, or if some significant risks |
| and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell |
| the asset in its entirety to an unrelated third party. |
| b) Basic financial liabilities and equity |
| Financial liabilities are classified as liabilities and equity instruments according to the substance of the |
| contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in |
| the assets of the company after deducting all of its liabilities. |
| Trade and other creditors are initially recognised at transaction price and subsequently carried at amortised cost, |
| being transaction price less any amounts settled. |
| Basic financial liabilities are derecognised when the contractual obligation is discharged, cancelled or expired. |
| c) Equity instruments |
| The ordinary share capital of the company is classified as equity and recorded at fair value of the cash or other |
| resources received or receivable, net of direct costs of issuing the equity instruments. |
| Cash and cash equivalents |
| Cash and cash equivalents in the balance sheet comprise cash at banks and in hand and short term deposits with |
| an original maturity date of three months or less. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| APC & C LIMITED (REGISTERED NUMBER: 08877574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2019 |
| 4. | PROPERTY, PLANT AND EQUIPMENT |
| Office |
| equipments |
| £ |
| COST |
| At 1 April 2018 |
| Additions |
| At 31 March 2019 |
| DEPRECIATION |
| At 1 April 2018 |
| Charge for year |
| At 31 March 2019 |
| NET BOOK VALUE |
| At 31 March 2019 |
| At 31 March 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade debtors |
| Recoverable corporation tax | - | 4,818 |
| Prepayments and accrued income |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2019 | 2018 |
| £ | £ |
| Trade creditors |
| Social security and other taxes |
| Other creditors |
| Accruals and deferred income |
| APC & C LIMITED (REGISTERED NUMBER: 08877574) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 March 2019 |
| 7. | FINANCIAL INSTRUMENTS |
| The Company has the following financial instruments: |
| Financial assets that are debt instruments measured at |
| amortised cost |
| Notes | 2019 | 2018 |
| £ | £ |
| Cash and cash equivalents | 113,225 | 176,945 |
| Trade debtors | 7 | 1,320 | - |
| Prepayments and accrued income | 7 | - | 705 |
| 114,545 | 177,650 |
| Financial liabilities measured at amortised cost |
| Trade creditors | 8 | - | 139 |
| Taxation and social security | 8 | 350 | 68 |
| Other creditors | 8 | 192 | - |
| Accruals and deferred income | 8 | 5,853 | 5,103 |
| 6,395 | 5,310 |
| 8. | RELATED PARTY DISCLOSURES |
| During the year, total dividends of £50,000 (2018 - £76,000) were paid to the directors . |