Apco Ltd,Ltd - AccountsLtd - Accounts

Apco Ltd,Ltd - AccountsLtd - Accounts

APCO LIMITED - Company Information

Print Friendly Version

2017-04-01 SC154912 2018-03-31 SC154912 2017-04-01 2018-03-31 SC154912 2017-03-31 SC154912 2016-04-01 2017-03-31 SC154912 uk-core:WithinOneYear 2017-03-31 SC154912 uk-core:WithinOneYear 2018-03-31 SC154912 uk-core:AfterOneYear 2017-03-31 SC154912 uk-core:AfterOneYear 2018-03-31 SC154912 uk-core:ShareCapital 2018-03-31 SC154912 uk-core:ShareCapital 2017-03-31 SC154912 uk-core:SharePremium 2018-03-31 SC154912 uk-core:SharePremium 2017-03-31 SC154912 uk-core:RetainedEarningsAccumulatedLosses 2018-03-31 SC154912 uk-core:RetainedEarningsAccumulatedLosses 2017-03-31 SC154912 uk-bus:Director1 2017-04-01 2018-03-31 SC154912 uk-core:Buildings 2017-04-01 2018-03-31 SC154912 uk-core:PlantMachinery 2017-04-01 2018-03-31 SC154912 uk-core:CommercialMotorVehicles 2017-04-01 2018-03-31 SC154912 uk-core:CommercialMotorVehicles 2017-03-31 SC154912 uk-core:PlantMachinery 2017-03-31 SC154912 uk-core:Buildings 2017-03-31 SC154912 uk-core:Buildings 2018-03-31 SC154912 uk-core:PlantMachinery 2018-03-31 SC154912 uk-core:CommercialMotorVehicles 2018-03-31 iso4217:GBP SC154912 uk-bus:AuditExemptWithAccountantsReport 2017-04-01 2018-03-31 SC154912 uk-bus:FRS102 2017-04-01 2018-03-31 SC154912 uk-bus:FullAccounts 2017-04-01 2018-03-31 SC154912 uk-bus:PrivateLimitedCompanyLtd 2017-04-01 2018-03-31
Apco Ltd
Registered Number:SC154912
For the year ended 31 March 2018
Scotland
Unaudited Financial Statements
2
For the year ended 31 March 2018
Apco Ltd
Contents Page
1 to 2
Statement of Financial Position
3 to 5
Notes to the Financial Statements
3
As at 31 March 2018
Apco Ltd
Statement of Financial Position
Registered Number :
SC154912
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
62,557
65,668
2
62,557
65,668
Current assets
Inventories
40,031
43,126
3
Trade and other receivables
15,281
29,368
4
25,739
Cash and cash equivalents
15,643
88,137
81,051
Trade and other payables: amounts falling due within one
year
(114,355)
(131,718)
5
(33,304)
(43,581)
Net current liabilities
Total assets less current liabilities
18,976
32,364
Trade and other payables: amounts falling due after more
than one year
(12,258)
(3,846)
6
(3,164)
(3,612)
Provisions for liabilities
11,966
Net assets
16,494
Capital and reserves
Called up share capital
1,000
1,000
Share premium account
1,487
1,487
Retained earnings
9,479
14,007
11,966
16,494
Shareholders' funds
For the year ended 31 March 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2018 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
1 of 5
4
For the year ended 31 March 2018
Apco Ltd
Statement of Financial Position Continued
Carla Sichi Director
These financial statements were approved and authorised for issue by the Board on 05 November 2018 and were signed by:
The notes form part of these financial statements
2 of 5
5
For the year ended 31 March 2018
Apco Ltd
Notes to the Financial Statements
Statutory Information
Apco Ltd is a private limited company, limited by shares, domiciled in Scotland, registration number SC154912.
Registered address:
250 Blairtummock Road
Easter Queenslie Industrial Estate
Glasgow
G33 4ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of services supplied by the company, net of value added tax.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
2% Straight line
Plant and machinery
15% Reducing balance
25% Reducing balance
Motor vehicles
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
3 of 5
6
For the year ended 31 March 2018
Apco Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment
Total
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 April 2017
221,289
55,270
81,019
85,000
2,410
-
2,410
-
Additions
At 31 March 2018
85,000
83,429
55,270
223,699
Provision for depreciation and impairment
At 01 April 2017
155,621
47,772
70,449
37,400
Charge for year
5,521
1,874
1,947
1,700
At 31 March 2018
161,142
49,646
72,396
39,100
At 31 March 2018
Net book value
45,900
11,033
5,624
62,557
At 31 March 2017
47,600
10,570
7,498
65,668
3. Inventories
2017
2018
£
£
Stocks
43,126
40,031
4. Trade and other receivables
2017
2018
£
£
Trade debtors
13,687
8,402
Other debtors
15,681
6,879
15,281
29,368
5. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
121,764
101,828
Taxation and social security
5,523
8,096
Other creditors
4,431
4,431
131,718
114,355
4 of 5
7
For the year ended 31 March 2018
Apco Ltd
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
3,846
12,258
5 of 5