Abbreviated Company Accounts - APEX SERVICES GROUP LIMITED

Abbreviated Company Accounts - APEX SERVICES GROUP LIMITED

APEX SERVICES GROUP LIMITED - Company Information

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Registered Number 04358315

APEX SERVICES GROUP LIMITED

Abbreviated Accounts

31 March 2014

APEX SERVICES GROUP LIMITED Registered Number 04358315

Abbreviated Balance Sheet as at 31 March 2014

Notes 2014 2013
£ £
Fixed assets
Tangible assets 2 47,600 62,162
Investments 3 4 4
47,604 62,166
Current assets
Debtors 24,877 15,222
Cash at bank and in hand 725 3,197
25,602 18,419
Creditors: amounts falling due within one year 4 (70,786) (79,938)
Net current assets (liabilities) (45,184) (61,519)
Total assets less current liabilities 2,420 647
Total net assets (liabilities) 2,420 647
Capital and reserves
Called up share capital 5 60 60
Profit and loss account 2,360 587
Shareholders' funds 2,420 647
  • For the year ending 31 March 2014 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.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 16 September 2014

And signed on their behalf by:
J Routledge, Director

APEX SERVICES GROUP LIMITED Registered Number 04358315

Notes to the Abbreviated Accounts for the period ended 31 March 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.

Tangible assets depreciation policy
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Plant and machinery 20% - 33% straight line
Motor vehicles 20% straight line

Valuation information and policy
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

2Tangible fixed assets
£
Cost
At 1 April 2013 121,899
Additions 1,954
Disposals -
Revaluations -
Transfers -
At 31 March 2014 123,853
Depreciation
At 1 April 2013 59,737
Charge for the year 16,516
On disposals -
At 31 March 2014 76,253
Net book values
At 31 March 2014 47,600
At 31 March 2013 62,162

3Fixed assets Investments
The company holds 20% or more of the share capital of the following companies:

Apex Design and Construction Limited
Shares held - 100% of the ordinary share capital
Activity : Specialist and general building
Capital and reserves : £2,964
Profit for the year : £1,702

Apex Electrical and Alarms Limited
Shares held - 100% of the ordinary share capital
Activity : Dormant
Capital and reserves : £2

4Creditors
2014
£		 2013
£
Secured Debts 1,110 14,444
5Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
60 A Ordinary shares of £1 each 60 60