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No description of principal activity
2020-03-10
Sage Accounts Production Advanced 2020 - FRS102_2019
xbrli:pure
xbrli:shares
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12508041
2020-03-10
2021-03-31
12508041
2021-03-31
12508041
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2020-03-10
2021-03-31
12508041
core:WithinOneYear
2021-03-31
12508041
core:ShareCapital
2021-03-31
12508041
core:RetainedEarningsAccumulatedLosses
2021-03-31
12508041
bus:SmallEntities
2020-03-10
2021-03-31
12508041
bus:AuditExemptWithAccountantsReport
2020-03-10
2021-03-31
12508041
bus:AbridgedAccounts
2020-03-10
2021-03-31
12508041
bus:SmallCompaniesRegimeForAccounts
2020-03-10
2021-03-31
12508041
bus:PrivateLimitedCompanyLtd
2020-03-10
2021-03-31
COMPANY REGISTRATION NUMBER:
12508041
|
APK Demolition & Remediation Ltd |
|
|
Filleted Unaudited Abridged Financial Statements |
|
|
APK Demolition & Remediation Ltd |
|
|
Abridged Statement of Financial Position |
|
31 March 2021
Current assets
|
Stocks |
44,576 |
|
Debtors |
72,048 |
|
Cash at bank and in hand |
2,924 |
|
--------- |
|
119,548 |
|
|
|
Creditors: amounts falling due within one year |
119,244 |
|
--------- |
|
Net current assets |
304 |
|
---- |
|
Total assets less current liabilities |
304 |
|
---- |
|
Net assets |
304 |
|
---- |
|
|
Capital and reserves
|
Called up share capital |
1 |
|
Profit and loss account |
303 |
|
---- |
|
Shareholders funds |
304 |
|
---- |
|
|
These abridged 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 abridged statement of comprehensive income has not been delivered.
For the period ending 31 March 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 31 March 2021 in accordance with Section 444(2A) of the Companies Act 2006.
|
APK Demolition & Remediation Ltd |
|
|
Abridged Statement of Financial Position (continued) |
|
31 March 2021
These abridged financial statements were approved by the
board of directors
and authorised for issue on
31 March 2022
, and are signed on behalf of the board by:
Company registration number:
12508041
|
APK Demolition & Remediation Ltd |
|
|
Notes to the Abridged Financial Statements |
|
Period from 10 March 2020 to 31 March 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Stoneraise Quarry, Great Salkeld, Penrith, Cumbria, CA11 9NF.
2.
Statement of compliance
These abridged 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 abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company meets its day-to-day working capital requirements through its bank facilities. The current economic conditions continue to create uncertainty over the level of demand for the company's products and the availability of bank finance for the foreseeable future. The company's forecasts and projections, taking account of reasonably possible changes in trading performance, show that the company should be able to operate within the level of its current facilities. The directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Controlling party
The company's share capital is owned by APK Holdings (Cumbria) Limited, a company incorporated in England and Wales.
