APS GB Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06853544

APS GB Limited

Filleted Unaudited Abridged Financial Statements

31 March 2018

APS GB Limited

Abridged Financial Statements

Year Ended 31 March 2018

Contents	Pages

Officers and professional advisers	1

Abridged statement of financial position	2 to 3

Notes to the abridged financial statements	4 to 7

APS GB Limited

Officers and Professional Advisers

Director	G H Allen

Registered office	APS Occupation Lane
	Hepthorne Lane
	North Wingfield
	Chesterfield
	Derbyshire
	S42 6DA

Accountants	MCABA Limited t/a Mitchells
	Chartered Accountants
	91-97 Saltergate
	Chesterfield
	Derbyshire
	S40 1LA

Bankers	Santander
	Business Banking Centre
	Abbey National House
	301 St Vincent Street
	Glasgow
	G2 5NT

APS GB Limited

Abridged Statement of Financial Position

31 March 2018

	2018	2017
Note	£	£

Fixed Assets

Tangible assets	5	107,326	102,500

Current Assets

Stocks	16,000	16,000
Debtors	112,600	120,289
Cash at bank and in hand	13,516	8,334
	---------	---------
	142,116	144,623

Creditors: amounts falling due within one year	217,907	175,653
	---------	---------
Net Current Liabilities	75,791	31,030
	---------	---------
Total Assets Less Current Liabilities	31,535	71,470

Creditors: amounts falling due after more than one year	9,829	18,145

Provisions

Taxation including deferred tax	–	11,232
	--------	--------
Net Assets	21,706	42,093
	--------	--------

APS GB Limited

Abridged Statement of Financial Position (continued)

31 March 2018

	2018	2017
Note	£	£

Capital and Reserves

Called up share capital	7	6,000	6,000
Profit and loss account		15,706	36,093
		--------	--------
Shareholders Funds		21,706	42,093
		--------	--------

These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.

For the year ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements .

All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2018 in accordance with Section 444(2A) of the Companies Act 2006.

These abridged financial statements were approved by the board of directors and authorised for issue on 17 December 2018 , and are signed on behalf of the board by:

G H Allen
Director

Company registration number: 06853544

APS GB Limited

Notes to the Abridged Financial Statements

Year Ended 31 March 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is APS Occupation Lane, Hepthorne Lane, North Wingfield, Chesterfield, Derbyshire, S42 6DA. The company's place of business is APS Occupation Lane, Hepthorne Lane, North Wingfield, Chesterfield, Derbyshire, S42 6DA.

2. Statement of compliance

These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. All of the members have consented to the preparation of abridged accounts in accordance with Section 444(2A) of the Companies Act 2006.

Revenue recognition

The turnover shown in the profit and loss account represents amounts earned during the year, exclusive of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold Property	-	2% straight line
Plant and Machinery	-	20% straight line
Motor Vehicles	-	20% straight line
Office Equipment	-	20% straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the abridged statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Financial instruments

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 8 (2017: 8 ).

5. Tangible assets

	£
Cost
At 1 April 2017	183,931
Additions	31,483
Disposals	( 11,755)
	---------
At 31 March 2018	203,659
	---------
Depreciation
At 1 April 2017	81,431
Charge for the year	22,942
Disposals	( 8,040)
	---------
At 31 March 2018	96,333
	---------
Carrying amount
At 31 March 2018	107,326
	---------
At 31 March 2017	102,500
	---------

6. Secured liabilities

The aggregate amount of secured liabilities, secured on the assets of the company at the year end were £18,902 (2017: £32,628).

7. Called up share capital

Issued, called up and fully paid

	2018		2017
	No.	£	No.	£
Ordinary shares of £ 1 each	6,000	6,000.00	6,000	6,000.00
	-------	----------	-------	----------

8. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2018	2017
	£	£
Not later than 1 year	912	–
Later than 1 year and not later than 5 years	3,648	–
Later than 5 years	912	–
	-------	----
	5,472	–
	-------	----