| APAK COMMUNICATIONS AND TRADE LIMITED |
| Registered number: |
04618912 |
| Balance Sheet |
| as at 31 December 2017 |
|
| Notes |
|
|
2017 |
|
|
2016 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
1,641 |
|
|
2,051 |
|
| Current assets |
| Debtors |
4 |
|
- |
|
|
42 |
| Cash at bank and in hand |
|
|
68 |
|
|
372 |
|
|
|
68 |
|
|
414 |
|
| Creditors: amounts falling due within one year |
5 |
|
(9,130) |
|
|
(20,154) |
|
| Net current liabilities |
|
|
|
(9,062) |
|
|
(19,740) |
|
| Net liabilities |
|
|
|
(7,421) |
|
|
(17,689) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
10 |
|
|
10 |
| Profit and loss account |
|
|
|
(7,431) |
|
|
(17,699) |
|
| Shareholders' funds |
|
|
|
(7,421) |
|
|
(17,689) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Ms A Apak |
| Director |
| Approved by the board on 25 September 2018 |
|
| APAK COMMUNICATIONS AND TRADE LIMITED |
| Notes to the Accounts |
| for the year ended 31 December 2017 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Going Concern |
|
The accounts have been prepared on a going concern basis even though this basis may not be appropriate as the company had a net liabilities position at the year end. The director has pledged to continue to provide financial support to the company when necessary and will not call in her interest free loan which is repayable on demand. |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Plant and machinery |
20% reducing balance |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
| 2 |
Employees |
2017 |
|
2016 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Plant and machinery etc |
| £ |
|
Cost |
|
At 1 January 2017 |
15,485 |
|
At 31 December 2017 |
15,485 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2017 |
13,434 |
|
Charge for the year |
410 |
|
At 31 December 2017 |
13,844 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2017 |
1,641 |
|
At 31 December 2016 |
2,051 |
|
|
| 4 |
Debtors |
2017 |
|
2016 |
| £ |
£ |
|
|
Other debtors |
- |
|
42 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2017 |
|
2016 |
| £ |
£ |
|
|
Trade creditors |
725 |
|
678 |
|
Other creditors |
8,405 |
|
19,476 |
|
|
|
|
|
|
9,130 |
|
20,154 |
|
|
|
|
|
|
|
|
|
|
Included in other creditors is an amount of £8,405 due to the director which is interest free and repayable on demand. |
|
| 6 |
Other information |
|
|
APAK COMMUNICATIONS AND TRADE LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
6A Dickensons Place |
|
London |
|
SE25 5HL |
