APT RENOVATION LTD

APT RENOVATION LTD

APT RENOVATION LTD - Company Information

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APT RENOVATION LTD

Company Registration Number:
08967475 (England and Wales)

Unaudited abridged accounts for the year ended 28 March 2022

Period of accounts

Start date: 29 March 2021

End date: 28 March 2022

APT RENOVATION LTD

Contents of the Financial Statements

for the Period Ended 28 March 2022

Balance sheet
Notes

APT RENOVATION LTD

Balance sheet

As at 28 March 2022


Notes
2022
2021


£
£
Fixed assets
Tangible assets: 3 109,153 61,277
Total fixed assets: 109,153 61,277
Current assets
Stocks: 7,658 21,321
Debtors:   1,647,830 1,960,435
Cash at bank and in hand: 163,770 104,450
Total current assets: 1,819,258 2,086,206
Creditors: amounts falling due within one year: 4 (1,055,892) (1,585,938)
Net current assets (liabilities): 763,366 500,268
Total assets less current liabilities: 872,519 561,545
Creditors: amounts falling due after more than one year: 5 (66,982) (56,942)
Total net assets (liabilities): 805,537 504,603
Capital and reserves
Called up share capital: 1 1
Profit and loss account: 805,536 504,602
Shareholders funds: 805,537 504,603

The notes form part of these financial statements

APT RENOVATION LTD

Balance sheet statements

For the year ending 28 March 2022 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 14 March 2023
and signed on behalf of the board by:

Name: Andi Pepaj
Status: Director

The notes form part of these financial statements

APT RENOVATION LTD

Notes to the Financial Statements

for the Period Ended 28 March 2022

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net ofdiscounts and Value Added Tax.

Tangible fixed assets and depreciation policy

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life ofthat asset as follows:Plant and machinery - 12.5% reducing balanceFittings fixtures and equipment - 25% reducing balance

Valuation and information policy

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 stocks to their present location andcondition.

Other accounting policies

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 cashrefund.When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employeesrender the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognized in finance costs in profit or loss in the period in which it arises.

APT RENOVATION LTD

Notes to the Financial Statements

for the Period Ended 28 March 2022

2. Employees

2022 2021
Average number of employees during the period 21 24

APT RENOVATION LTD

Notes to the Financial Statements

for the Period Ended 28 March 2022

3. Tangible Assets

Total
Cost £
At 29 March 2021 116,947
Additions 77,514
Disposals (12,783)
At 28 March 2022 181,678
Depreciation
At 29 March 2021 55,670
Charge for year 16,855
At 28 March 2022 72,525
Net book value
At 28 March 2022 109,153
At 28 March 2021 61,277

APT RENOVATION LTD

Notes to the Financial Statements

for the Period Ended 28 March 2022

4. Creditors: amounts falling due within one year note

Creditors: amounts falling due within one year: Bank loans and overdrafts £11,497, Trade creditors £263,026 (2021 - £254,804),Corporation tax £104,971 (2021 - £72,788), Social security and other taxes £47,201 (2021 - £136,526), Other creditors £629,197 (2021 - £1,107,326).

APT RENOVATION LTD

Notes to the Financial Statements

for the Period Ended 28 March 2022

5. Creditors: amounts falling due after more than one year note

Creditors: amounts falling due after more than one year: Bank loans and overdrafts £36,667, Other creditors £30,315.

APT RENOVATION LTD

Notes to the Financial Statements

for the Period Ended 28 March 2022

6. Loans to directors

At the balance sheet date, the company was owed £196,031 (2021 - £208,013) to Mr Andi Pepaj, the director of the company