APA Property Services Limited Filleted accounts for Companies House (small and micro)

APA Property Services Limited Filleted accounts for Companies House (small and micro)

APA PROPERTY SERVICES LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 04295357
APA Property Services Limited
Filleted Unaudited Financial Statements
30 September 2022
APA Property Services Limited
Financial Statements
Year ended 30 September 2022
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
APA Property Services Limited
Statement of Financial Position
30 September 2022
2022
2021
Note
£
£
£
£
Fixed assets
Tangible assets
5
10,054
10,311
Current assets
Debtors
6
34,807
18,499
Cash at bank and in hand
144,425
115,733
---------
---------
179,232
134,232
Creditors: amounts falling due within one year
7
51,920
59,487
---------
---------
Net current assets
127,312
74,745
---------
--------
Total assets less current liabilities
137,366
85,056
Provisions
Taxation including deferred tax
1,492
1,306
---------
--------
Net assets
135,874
83,750
---------
--------
Capital and reserves
Called up share capital
8
1
1
Profit and loss account
135,873
83,749
---------
--------
Shareholders funds
135,874
83,750
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
APA Property Services Limited
Statement of Financial Position (continued)
30 September 2022
These financial statements were approved by the board of directors and authorised for issue on 12 December 2022 , and are signed on behalf of the board by:
Dr P Antino
Director
Company registration number: 04295357
APA Property Services Limited
Notes to the Financial Statements
Year ended 30 September 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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
-
20% reducing balance
Fixture & fittings
-
20% reducing balance
Motor Vehicle
-
20% straight line
Impairment of fixed assets
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.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
5. Tangible assets
Plant and machinery
Fixtures and fittings
Motor vehicles
Total
£
£
£
£
Cost
At 1 October 2021
37,770
29,344
14,945
82,059
Additions
2,210
–
–
2,210
--------
--------
--------
--------
At 30 September 2022
39,980
29,344
14,945
84,269
--------
--------
--------
--------
Depreciation
At 1 October 2021
28,678
28,125
14,945
71,748
Charge for the year
2,223
244
–
2,467
--------
--------
--------
--------
At 30 September 2022
30,901
28,369
14,945
74,215
--------
--------
--------
--------
Carrying amount
At 30 September 2022
9,079
975
–
10,054
--------
--------
--------
--------
At 30 September 2021
9,092
1,219
–
10,311
--------
--------
--------
--------
6. Debtors
2022
2021
£
£
Trade debtors
33,284
10,842
Prepayments and accrued income
928
900
Other debtors
595
6,757
--------
--------
34,807
18,499
--------
--------
7. Creditors: amounts falling due within one year
2022
2021
£
£
Trade creditors
21,875
42,515
Accruals and deferred income
3,405
3,400
Corporation tax
14,549
11,336
Social security and other taxes
11,809
99
Other creditors
282
2,137
--------
--------
51,920
59,487
--------
--------
8. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
1
1
1
1
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