Apco Ltd,Ltd - AccountsLtd - Accounts

Apco Ltd,Ltd - AccountsLtd - Accounts


2019-04-01 SC154912 2020-03-31 SC154912 2019-04-01 2020-03-31 SC154912 2019-03-31 SC154912 2018-04-01 2019-03-31 SC154912 uk-core:WithinOneYear 2019-03-31 SC154912 uk-core:WithinOneYear 2020-03-31 SC154912 uk-core:AfterOneYear 2019-03-31 SC154912 uk-core:AfterOneYear 2020-03-31 SC154912 uk-core:ShareCapital 2020-03-31 SC154912 uk-core:ShareCapital 2019-03-31 SC154912 uk-core:SharePremium 2020-03-31 SC154912 uk-core:SharePremium 2019-03-31 SC154912 uk-core:RetainedEarningsAccumulatedLosses 2020-03-31 SC154912 uk-core:RetainedEarningsAccumulatedLosses 2019-03-31 SC154912 uk-bus:Director1 2019-04-01 2020-03-31 SC154912 uk-core:Buildings 2019-04-01 2020-03-31 SC154912 uk-core:PlantMachinery 2019-04-01 2020-03-31 SC154912 uk-core:CommercialMotorVehicles 2019-04-01 2020-03-31 iso4217:GBP xbrli:pure SC154912 uk-bus:AuditExemptWithAccountantsReport 2019-04-01 2020-03-31 SC154912 uk-bus:FRS102 2019-04-01 2020-03-31 SC154912 uk-bus:FullAccounts 2019-04-01 2020-03-31 SC154912 uk-bus:PrivateLimitedCompanyLtd 2019-04-01 2020-03-31
Apco Ltd
Registered Number:SC154912
For the year ended 31 March 2020
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2020
Apco Ltd
Contents Page
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Statement of Financial Position
3 to 4
Notes to the Financial Statements
3
As at 31 March 2020
Apco Ltd
Statement of Financial Position
Registered Number :
SC154912
£
£
2019
2020
Notes
Fixed assets
Property, plant and equipment
55,878
58,673
55,878
58,673
Current assets
Inventories
16,980
37,542
2
Trade and other receivables
27,072
11,013
3
39,542
Cash and cash equivalents
33,326
81,881
83,594
Trade and other payables: amounts falling due within one
year
(133,045)
(119,823)
4
(49,451)
(37,942)
Net current liabilities
Total assets less current liabilities
17,936
9,222
Trade and other payables: amounts falling due after more
than one year
(337)
(1,761)
5
(2,541)
(2,749)
Provisions for liabilities
13,634
Net assets
6,136
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
1,487
1,487
Retained earnings
11,147
3,649
13,634
6,136
Shareholders' funds
For the year ended 31 March 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 of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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For the year ended 31 March 2020
Apco Ltd
Statement of Financial Position Continued
Carla Sichi Director
These financial statements were approved and authorised for issue by the Board on 21 December 2020 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 March 2020
Apco Ltd
Notes to the Financial Statements
Statutory Information
Apco Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC154912.
Registered address:
250 Blairtummock Road
Easter Queenslie Industrial Estate
Glasgow
G33 4ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of value added tax.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks 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 costs and an appropriate proportion of fixed and variable overheads.
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.
2. Inventories
2019
2020
£
£
Stocks
37,542
16,980
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6
For the year ended 31 March 2020
Apco Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2019
2020
£
£
Trade debtors
4,962
20,906
Other debtors
6,051
6,166
27,072
11,013
4. Trade and other payables: amounts falling due within one year
2019
2020
£
£
Trade creditors
104,161
111,872
Taxation and social security
11,231
16,742
Other creditors
4,431
4,431
119,823
133,045
5. Trade and other payables: amounts falling due after more than one year
2019
2020
£
£
Other creditors
1,761
337
6. Average number of persons employed
During the year the average number of employees was 5 (2019 : 6)
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