Apex Companions Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 04296566 (England and Wales)

Abbreviated Accounts for the Year Ended 31 March 2014

for

Apex Companions Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

M S Patrick

Mrs E A Patrick

REGISTERED OFFICE:

The Pines

Boars Head

Crowborough

East Sussex

TN6 3HD

REGISTERED NUMBER:

04296566 (England and Wales)

FIXED ASSETS

Intangible assets

2

809,860

809,860

Tangible assets

3

290,037

408,126

1,099,897

1,217,986

CURRENT ASSETS

Stocks

79

-

Debtors

219,711

241,093

Cash at bank

91,660

-

311,450

241,093

CREDITORS

Amounts falling due within one year

748,465

1,169,079

NET CURRENT LIABILITIES

(437,015

)

(927,986

)

TOTAL ASSETS LESS CURRENT LIABILITIES

662,882

290,000

CREDITORS

Amounts falling due after more than one year

4

336,669

-

NET ASSETS

326,213

290,000

CAPITAL AND RESERVES

Called up share capital

5

4

4

Profit and loss account

326,209

289,996

SHAREHOLDERS' FUNDS

326,213

290,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 18 December 2014 and were signed on its behalf by:

M S Patrick - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

not provided

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

and 31 March 2014

809,860

NET BOOK VALUE

At 31 March 2014

809,860

At 31 March 2013

809,860

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

644,840

Additions

28

Disposals

(120,269

)

At 31 March 2014

524,599

DEPRECIATION

At 1 April 2013

236,714

Charge for year

108,541

Eliminated on disposal

(110,693

)

At 31 March 2014

234,562

NET BOOK VALUE

At 31 March 2014

290,037

At 31 March 2013

408,126

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2014

2013

£

£

Repayable by instalments

336,669

-

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

4

Ordinary

£1

4

4