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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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APEX TRADING LIMITED |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2019 |
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FOR |
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APEX TRADING LIMITED |
APEX TRADING LIMITED (REGISTERED NUMBER: 03767572) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 3 |
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APEX TRADING LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 30 JUNE 2019 |
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DIRECTOR: |
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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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Chartered Accountants |
7 St John's Road |
Harrow |
Middlesex |
HA1 2EY |
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BANKERS: |
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The Docklands and South London |
PO Box 35721 |
Hertsmere Road |
London |
E14 4WA |
APEX TRADING LIMITED (REGISTERED NUMBER: 03767572) |
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BALANCE SHEET |
30 JUNE 2019 |
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2019 | 2018 |
Notes | £ | £ |
CURRENT ASSETS |
Stocks |
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Debtors | 3 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 4 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The director acknowledges his responsibilities for: |
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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. |
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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 director on
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APEX TRADING LIMITED (REGISTERED NUMBER: 03767572) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2019 |
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1. | STATUTORY INFORMATION |
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Apex Trading Limited is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" |
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 cost |
convention. |
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These financial statements for the year ended 30 June 2017 are the first financial statements that comply with |
FRS 102 Section 1A small entities. The date of transition is 1 July 2015. |
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The transition to FRS 102 Section 1A small entities have resulted in no changes in accounting policies to those |
used previously, therefore no separate statements for any adjustments are disclosed. |
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Turnover |
Turnover represents sale of cosmetics during the year. Turnover is recognised when the company has right to |
consideration. |
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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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Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to |
the extent that it relates to items recognised in other comprehensive income or directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or |
substantively enacted by the balance sheet date. |
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3. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Trade debtors |
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Amounts owed by related companies |
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Director's current account | 14,474 | - |
VAT |
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APEX TRADING LIMITED (REGISTERED NUMBER: 03767572) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2019 |
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4. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2019 | 2018 |
£ | £ |
Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to related companies |
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Corporation Tax payable |
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VAT | 671 | - |
Director's current account | - | 7,527 |
Accrued expenses |
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5. | RELATED PARTY DISCLOSURES |
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During the year, the company purchased goods for the value of £32,986 (2018: £223,442) from East End |
Cosmetics Limited, a company where the directors are also the directors. |
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At the balance sheet date, the following balances were outstanding in respect of companies where the directors |
have beneficial interest and where the company directors are also the directors:- |
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2019 | 2018 |
£ | £ |
Debtors: |
Baronstar Limited | 9,340 | - |
9,340 | - |
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Creditors: |
East End Cosmetics Limited | 85,318 | 199,818 |
Baronstar Limited | - | 8,660 |
85,318 | 208,478 |
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The amounts due are interest free and there are no specific terms of repayment. |
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As at the balance sheet date, included within debtors is £14,474 (2018: £Nil), an amount due from the director of |
the company. The amount due is interest free and there are no specific terms of repayment. |