APS Projects Ltd 31/12/2021 iXBRL
APS Projects Ltd 31/12/2021 iXBRL
Company registration number:
02600943
Abridged statement of financial position
31 December 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 5 |
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Investments | 6 |
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_______ | _______ | ||||||||
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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_______ | _______ | ||||||||
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Creditors: amounts falling due | |||||||||
within one year | 7 |
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(
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_______ | _______ | ||||||||
Net current assets |
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_______ | _______ | ||||||||
Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year | 8 |
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Provisions for liabilities |
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_______ | _______ | ||||||||
Net assets |
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_______ | _______ | ||||||||
Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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_______ | _______ | ||||||||
Shareholders funds |
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_______ | _______ | ||||||||
Directors responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
28 September 2022
, and are signed on behalf of the board by:
Director
Company registration number:
02600943
Notes to the financial statements
Year ended 31 December 2021
1.
General information
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Operating leases
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery | - |
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Fittings fixtures and equipment | - |
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Motor vehicles | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Government grants
Provisions
Financial instruments
Defined contribution plans
4.
Staff costs
The average number of persons employed by the company during the year amounted to
12
(2020:
13
).
5.
Tangible assets
£ | ||
Cost | ||
At 1 January 2021 |
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Additions |
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_______ | ||
At 31 December 2021 |
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_______ | ||
Depreciation | ||
At 1 January 2021 |
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Charge for the year |
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_______ | ||
At 31 December 2021 |
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Carrying amount | ||
At 31 December 2021 |
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_______ | ||
At 31 December 2020 |
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_______ | ||
6.
Investments
£ | ||
Cost | ||
At 1 January 2021 | - | |
Additions |
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_______ | ||
At 31 December 2021 |
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_______ | ||
Impairment | ||
At 1 January 2021 and 31 December 2021 | - | |
_______ | ||
Carrying amount | ||
At 31 December 2021 |
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At 31 December 2020 | - | |
_______ | ||
7.
Creditors: amounts falling due within one year
Creditors include net obligations under finance leases and hire purchase contracts which are secured of £6,286 (2020, £12,543). The finance leases and hire purchase contracts are secured on the assets concerned. Also inlcuded is a bank loan of £40,000 (2020 - 10,000).
8.
Creditors: amounts falling due after more than one year
Creditors include net obligations under finance leases and hire purchase contracts which are secured of £2,832 (2020, £10,742). The finance leases and hire purchase contracts are secured on the assets concerned. Also included is a bank loan of £150,000 (2020 - £190,000).
Creditors include bank loan of £NIL (2020 - £30,000), repaybale by installments after 5 years.