true
Apex Computer Services (Wales) Limited
02909178
2016-08-31
26893
26685
28693
28485
600
600
1200
1200
28693
28485
2586
654
124170
139096
155449
168235
9429
18313
91609
129231
101038
147544
70078
101770
11526
17370
19434
28404
146020
149922
146020
149922
Basis of accounting
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover
The turnover shown in the profit and loss account represents amounts invoiced during the year, exclusive of Value Added Tax.
In respect of contracts for on-going services, turnover represents the value of work done in the year, including estimates of amounts not invoiced. Turnover in respect of contracts for on-going services is recognised by reference to the stage of completion.
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.
Hire purchase agreements
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed
assets at their fair value. The capital element of the future payments is treated as a liability and
the interest is charged to the profit and loss account on a straight line basis.
Operating lease agreements
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profits on a straight line basis over the period of the lease.
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not
reversed at the balance sheet date where transactions or events have occurred at that date that
will result in an obligation to pay more, or a right to pay less or to receive more tax, with
the following exceptions:
Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)
of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement
assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose
of the assets concerned. However, no provision is made where, on the basis of all available
evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled
over into replacement assets and charged to tax only where the replacement assets are sold.
Deferred tax assets are recognised only to the extent that the directors consider that it is 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 is measured on an undiscounted basis at the tax rates that are expected
to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or
substantively enacted at the balance sheet date.
Fixed Assets
All fixed assets are initially recorded at cost.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Fixtures & Fittings
Straight line
0.2000
Motor Vehicles
Reducing balance
0.2000
Leasehold Property
Over the period of the lease
0.0100
197945
190045
7900
51925
40123
11802
197945
190045
7900
51925
40123
11802
22826
33434
0
1917
The bank loan is secured by a legal charge over the company's leasehold premises at Unit 2, St Michael's Court, Church Street, Newport.
Ordinary
1500
1
1500
1500
Ordinary
1
600
600
600
2017-05-25
Mr M.R. Green
true
true
true
true
xbrli:shares
iso4217:GBP
xbrli:pure
Apex Computer Services (Wales) Limited
2015-09-01
2016-08-31
Apex Computer Services (Wales) Limited
2014-09-01
2015-08-31
Apex Computer Services (Wales) Limited
2014-08-31
Apex Computer Services (Wales) Limited
2015-08-31
Apex Computer Services (Wales) Limited
2015-08-31
Apex Computer Services (Wales) Limited
2016-08-31
2017-05-30