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Unaudited Financial Statements for the Year Ended 31 August 2018 |
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APEX ELECTRONICS LIMITED |
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REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 August 2018 |
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for |
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APEX ELECTRONICS LIMITED |
APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622) |
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Contents of the Financial Statements |
for the Year Ended 31 August 2018 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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APEX ELECTRONICS LIMITED |
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Company Information |
for the Year Ended 31 August 2018 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Suite 1 |
1-3 Warren Court |
Park Road |
Crowborough |
East Sussex |
TN6 2QX |
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BANK: |
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9 The Boulevard |
Crawley |
West Sussex |
RH10 1UT |
APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622) |
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Balance Sheet |
31 August 2018 |
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31.8.18 | 31.8.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Stocks |
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Debtors | 6 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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PROVISIONS FOR LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital |
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Fair value reserve | 8 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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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. |
APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622) |
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Balance Sheet - continued |
31 August 2018 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622) |
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Notes to the Financial Statements |
for the Year Ended 31 August 2018 |
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1. | STATUTORY INFORMATION |
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Apex Electronics Limited is a
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The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Land and buildings | - |
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Plant and machinery etc | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising |
from changes in fair value is recognised in profit or loss. |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for |
obsolete and slow moving items. |
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Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the |
company's pension scheme are charged to profit or loss in the period to which they relate. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2018 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
Land and | machinery |
buildings | etc | Totals |
£ | £ | £ |
COST |
At 1 September 2017 |
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Additions |
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Disposals |
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At 31 August 2018 |
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DEPRECIATION |
At 1 September 2017 |
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Charge for year |
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Eliminated on disposal |
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At 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 31 August 2017 |
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Included in cost of land and buildings is freehold land of £ 34,900 (2017 - £ 34,900 ) which is not |
depreciated. |
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The land and buildings have not been depreciated because the Directors feel that the deprecation |
charge would be immaterial as the residual value of the land and buildings is similar to the cost of |
the land and buildings shown in the financial statements. |
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5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 September 2017 |
and 31 August 2018 |
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NET BOOK VALUE |
At 31 August 2018 |
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At 31 August 2017 |
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APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2018 |
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5. | INVESTMENT PROPERTY - continued |
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Fair value at 31 August 2018 is represented by: |
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£ |
Valuation in 2015 | 54,060 |
Cost | 20,940 |
75,000 |
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If Investment property had not been revalued it would have been included at the following historical |
cost: |
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31.8.18 | 31.8.17 |
£ | £ |
Cost | 20,940 | 20,940 |
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Investment property was valued on a fair value basis on 31 August 2018 by the Directors . |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.18 | 31.8.17 |
£ | £ |
Trade debtors |
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Other debtors |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.18 | 31.8.17 |
£ | £ |
Trade creditors |
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Taxation and social security |
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Other creditors |
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8. | RESERVES |
Fair |
value |
reserve |
£ |
At 1 September 2017 |
and 31 August 2018 |
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APEX ELECTRONICS LIMITED (REGISTERED NUMBER: 02502622) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 August 2018 |
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9. | ULTIMATE CONTROLLING PARTY |
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The controlling party is The Directors. |