Applelec Group Limited Filleted accounts for Companies House (small and micro)
Applelec Group Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
05581079
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Statement of Financial Position |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Fixed assets
Investments |
4 |
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Current assets
Debtors |
5 |
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Creditors: amounts falling due within one year |
6 |
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-------- |
-------- |
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Net current liabilities |
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-------- |
-------- |
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Total assets less current liabilities |
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------- |
------- |
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Statement of Financial Position (continued) |
2022 |
2021 |
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Note |
£ |
£ |
£ |
Capital and reserves
Called up share capital |
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Profit and loss account |
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------- |
------- |
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Shareholders funds |
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------- |
------- |
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In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
Directors' responsibilities:
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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
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These financial statements were approved by the
board of directors
and authorised for issue on
28 July 2023
, and are signed on behalf of the board by:
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Director |
Company registration number:
05581079
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Notes to the Financial Statements |
Year ended 31 December 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 Unit 1 Wharfedale Business Park, Shetcliffe Lane, Bradford, West Yorkshire, BD4 9RW.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the going concern basis, due to the continued support of it's group companies.
Employee ownership trust
The Applelec Employee Ownership Trust has been established with the object of ensuring that shares in the company are held by the trustee for the benefit of the company's employees and that the eligible employees shall have an interest in the company's business.
Going concern
Income tax
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.
Investments in associates
Investments in joint ventures
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. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, 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 largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Investments
Shares in group undertakings |
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£ |
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Cost |
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At 1 January 2022 and 31 December 2022 |
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-------- |
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Impairment |
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At 1 January 2022 and 31 December 2022 |
– |
-------- |
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Carrying amount |
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At 31 December 2022 |
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-------- |
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At 31 December 2021 |
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-------- |
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5.
Debtors
2022 |
2021 |
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£ |
£ |
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Other debtors |
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---- |
---- |
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6.
Creditors:
amounts falling due within one year
2022 |
2021 |
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£ |
£ |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Corporation tax |
– |
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Other creditors |
12,900 |
12,900 |
Other creditors |
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7.
Directors' advances, credits and guarantees
There are no transactions to disclose.
8.
Related party transactions
The company made a gift of £nil (2021 - £265,000) to The Applelec Employee Ownership Trust.
9.
Controlling party
The company is controlled by Applelec Trustees Limited, being the trustee of The Applelec Employee Ownership Trust.