Apex Optical Technologies Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05202862 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST OCTOBER 2017

FOR

APEX OPTICAL TECHNOLOGIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Dr D R Gibson

E M Waddell

SECRETARY:

Mrs D M Gibson

REGISTERED OFFICE:

32a East Street

St Ives

Cambs

PE27 5PD

REGISTERED NUMBER:

05202862 (England and Wales)

ACCOUNTANTS:

Tacconi Green and Co

Accountants

32a East Street

St. Ives

Cambs

PE27 5PD

FIXED ASSETS

Tangible assets

4

4,331

3,800

CURRENT ASSETS

Debtors

5

8,661

8,480

Cash at bank

1,191

8,129

9,852

16,609

CREDITORS

Amounts falling due within one year

6

43,042

47,793

NET CURRENT LIABILITIES

(33,190

)

(31,184

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(28,859

)

(27,384

)

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

(28,949

)

(27,474

)

SHAREHOLDERS' FUNDS

(28,859

)

(27,384

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2017 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 31st July 2018 and were signed on its behalf by:

Dr D R Gibson - Director

1.	STATUTORY INFORMATION

Apex Optical Technologies Ltd is a private company, limited by shares , registered in England and Wales. The

company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

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

Office equipment

-

15% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL.

4.	TANGIBLE FIXED ASSETS

Office

equipment

£

COST

At 1st November 2016

9,685

Additions

1,223

At 31st October 2017

10,908

DEPRECIATION

At 1st November 2016

5,885

Charge for year

692

At 31st October 2017

6,577

NET BOOK VALUE

At 31st October 2017

4,331

At 31st October 2016

3,800

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Trade debtors

4,580

6,980

Inter-company account

1,469

-

VAT

2,612

1,500

8,661

8,480

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2017

2016

£

£

Other loans

500

500

Other creditors

-

780

Directors' current accounts

41,712

45,598

Accrued expenses

830

915

43,042

47,793