02727620 APEX SECURITY ENGINEERING LIMITED 2013-01-01 2013-12-31 false true 2013-12-31 02727620 2013-01-01 2013-12-31 02727620 2013-12-31 02727620 2012-12-31 02727620 c:MotorVehicles 2013-01-01 2013-12-31 02727620 c:FixturesFittingsToolsEquipment 2013-01-01 2013-12-31 02727620 d:OrdinaryShareClass1 2013-12-31 02727620 d:OrdinaryShareClass1 2012-12-31 02727620 d:OrdinaryShareClass1 2013-01-01 2013-12-31 02727620 d:OrdinaryShareClass2 2013-12-31 02727620 d:OrdinaryShareClass2 2012-12-31 02727620 d:OrdinaryShareClass2 2013-01-01 2013-12-31 02727620 d:OrdinaryShareClass3 2013-12-31 02727620 d:OrdinaryShareClass3 2012-12-31 02727620 d:OrdinaryShareClass3 2013-01-01 2013-12-31 02727620 d:OrdinaryShareClass4 2013-12-31 02727620 d:OrdinaryShareClass4 2012-12-31 02727620 d:OrdinaryShareClass4 2013-01-01 2013-12-31 02727620 d:Director1 2013-01-01 2013-12-31 02727620 c:PlantMachinery 2013-01-01 2013-12-31 02727620 c:LandBuildings c:ShortLeaseholdProperties 2013-01-01 2013-12-31 02727620 c:ProvisionsForDeferredTaxation 2012-12-31 iso4217:GBP xbrli:shares
REGISTERED NUMBER: 02727620






APEX SECURITY ENGINEERING LIMITED
ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED
 
 31 DECEMBER 2013

































BLOOMER HEAVEN LIMITED
Chartered Accountants
Rutland House
148 Edmund Street
Birmingham
B3 2FD





 

APEX SECURITY ENGINEERING LIMITED
 

CONTENTS



Page

 
 
Abbreviated balance sheet
 
 
1
Notes to the abbreviated accounts
 
 
2 - 4


 

APEX SECURITY ENGINEERING LIMITED
REGISTERED NUMBER: 02727620

ABBREVIATED BALANCE SHEET
AS AT 31 DECEMBER 2013


2013
2012


Note
£
£
£
£
 
Fixed assets
 


 




Tangible assets

2

103,130

106,242
 
Current assets
  

 




Stocks
187,431

245,998

Debtors
695,518

636,500

Cash at bank and in hand

464,942

443,481








1,347,891

1,325,979

 
Creditors: amounts falling due within one year
(540,698)

(558,752)

 
Net current assets


807,193

767,227
 
Total assets less current liabilities
910,323

873,469
 
Provisions for liabilities
 

 




Deferred tax

(19,911)

(20,377)

Net assets




 890,412


 853,092
  
Capital and reserves
  

 




Called up share capital
4

100

100
Profit and loss account

890,312

852,992
 
Shareholders' funds
 


 890,412


 853,092


The directors consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ("the Act") and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. 

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the company as at 31 December 2013 and of its profit for the year in accordance with the requirements of sections 394 and 395 of the Act 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, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf on 30 June 2014.


S. Burns
Director

The notes on pages 2 to 4 form part of these abbreviated accounts.

- 1 -



 

APEX SECURITY ENGINEERING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

1.Accounting Policies


1.1
Basis of preparation of financial statements



The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).



The company is the parent undertaking of a small group and as such is not required by the Companies Act 2006 to prepare group accounts. These financial statements therefore present information about the company as an individual undertaking and not about its group.


1.2
Turnover



Turnover comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax and trade discounts.


1.3
Tangible fixed assets and depreciation




Tangible fixed assets are stated at cost less depreciation.  Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:







Short term leasehold property
-
Over the period of the lease




Plant & machinery
-
15% reducing balance basis




Motor vehicles
-
25% straight line basis




Fixtures & fittings
-
15% reducing balance basis


1.4
Investments



Investments held as fixed assets are shown at cost less provision for impairment.


1.5
Operating leases



Rentals under operating leases are charged to the profit and loss account on a straight line basis over the lease term.


1.6
Stocks and work in progress



Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks.

- 2 -


 

APEX SECURITY ENGINEERING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

1.Accounting Policies (continued)

1.7
Deferred tax



Full provision is made for deferred tax assets and liabilities arising from all timing differences between the recognition of gains and losses in the financial statements and recognition in the tax computation.



A net deferred tax asset is recognised only if it can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted.

Deferred tax assets and liabilities are calculated at the tax rates expected to be effective at the time the timing differences are expected to reverse.

Deferred tax assets and liabilities are not discounted.


1.8
Warranty for products



Provision is recognised for warranty claims on products sold in the last three financial years where the  expenditure is expected to be incurred within two years of the balance sheet date.


2.Tangible fixed assets



£


Cost 



At 1 January 2013
387,231

Additions
17,473


At 31 December 2013

404,704




Depreciation



At 1 January 2013
280,989

Charge for the year
20,585


At 31 December 2013

301,574




Net book value



At 31 December 2013
 103,130


At 31 December 2012

 106,242

- 3 -



 

APEX SECURITY ENGINEERING LIMITED
 
 
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2013

3.Fixed asset investments



£


Cost




At 1 January 2013 and 31 December 2013

32,143

Impairment



At 1 January 2013 and 31 December 2013

32,143




Net book value



At 31 December 2013
 -


At 31 December 2012

 -

The company holds the whole of the issued share capital of the dormant subsidiaries Apex Security Furniture Limited and Security Logistics Limited.


4.Share capital




        2013
        2012



        £

        £



Allotted, called up and fully paid









58 Ordinary A shares of £1 each
58
58


27 Oridinary B shares of £1 each
27
27


5 Ordinary C shares of £1 each
5
5


10 Ordinary D shares of £1 each
10
10







 100

 100

The different classes of shares rank equally for the purposes of dividends, capital and voting rights. 


5.Directors' benefits: advances, credit and guarantees

At 31 December 2013 an amount of £20,859 (2012: £20,859) was due from K.N. Woods, the balance remaining unchanged throughout the year. £19,000 (2012: £Nil) was due from S Burns, £15,000 being advanced on 7 February 2013 and £4,000 on 19 December 2013. Both advances are unsecured and interest free.
 
- 4 -