APB Consultancy Ltd - Period Ending 2021-04-30

APB Consultancy Ltd

Contents

Company Information	1
Balance Sheet	2
Statement of Changes in Equity	3
Notes to the Unaudited Financial Statements	4 to 9

APB Consultancy Ltd

Company Information

Director

Mr A Brown

Registered office

4A Elms Road Clapham London SW4 9EU

Accountants

Franklin, Chartered Accountants 320 Garratt Lane London SW18 4EJ

APB Consultancy Ltd

(Registration number: 07588746)
Balance Sheet as at 30 April 2021

	Note	2021 £	2020 £
Current assets
Debtors	5	10,000	-
Cash at bank and in hand		4,343	2,539
		14,343	2,539
Creditors: Amounts falling due within one year	6	(11,360)	(10,056)
Total assets less current liabilities		2,983	(7,517)
Creditors: Amounts falling due after more than one year	6	(2,384)	-
Net assets/(liabilities)		599	(7,517)
Capital and reserves
Called up share capital	7	1	1
Profit and loss account		598	(7,518)
Shareholders' funds/(deficit)		599	(7,517)

For the financial year ending 30 April 2021 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 22 December 2021
 

......................................... Mr A Brown Director

APB Consultancy Ltd

Statement of Changes in Equity for the Year Ended 30 April 2021

	Share capital £	Profit and loss account £	Total £
At 1 May 2020	1	(7,518)	(7,517)
Profit for the year	-	8,116	8,116
Total comprehensive income	-	8,116	8,116
At 30 April 2021	1	598	599

	Share capital £	Profit and loss account £	Total £
At 1 May 2019	1	(9,169)	(9,168)
Profit for the year	-	1,651	1,651
Total comprehensive income	-	1,651	1,651
At 30 April 2020	1	(7,518)	(7,517)

APB Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
4A Elms Road
Clapham
London
SW4 9EU

These financial statements were authorised for issue by the director on 22 December 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office Equipment	33% Straight Line

APB Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

APB Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021

Financial instruments

Classification
The Company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments.

 Recognition and measurement
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, 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.

 Impairment
Financial instruments are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period, 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.

 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

APB Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 May 2020	3,247	3,247
At 30 April 2021	3,247	3,247
Depreciation
At 1 May 2020	3,247	3,247
At 30 April 2021	3,247	3,247
Carrying amount
At 30 April 2021	-	-

5

Debtors

	2021 £	2020 £
Trade debtors	10,000	-
	10,000	-

APB Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021

6

Creditors

Creditors: amounts falling due within one year

	Note	2021 £	2020 £
Due within one year
Loans and borrowings	8	616	-
Other creditors		10,744	10,056
		11,360	10,056

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	8	2,384	-

7	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary of £1 each	1	1	1	1

8	Loans and borrowings

	2021 £	2020 £
Non-current loans and borrowings
Bank borrowings	2,384	-

	2021 £	2020 £
Current loans and borrowings
Bank borrowings	616	-

APB Consultancy Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2021

9	Related party transactions

Directors' remuneration

The director's remuneration for the year was as follows:

	2021 £	2020 £
Remuneration	6,903	8,628