Company Registration No. 06908056 (England and Wales)
APS International Limited
Annual report and accounts
for the year ended 31 May 2021
APS International Limited
Annual report and accounts
Contents
APS International Limited
Company Information
for the year ended 31 May 2021
Directors
Lamin Sanneh
Sait Ceesay
Seedia Jaiteh
Company Number
06908056 (England and Wales)
Registered Office
City Gate House
26 Moat Lane
Birmingham
B5 5BD
Accountants
MJ Consulting
WW 30 Churchill Place
Canary Wharf
London
E14 5RE
APS International Limited
Accountants' report
Accountants' report to the board of directors of APS International Limited on the preparation of the unaudited statutory accounts for the year ended 31 May 2021
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
APS International Limited for the year ended
31 May 2021 as set out on pages
5 -
7 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of APS International Limited, as a body, in accordance with the terms of our engagement letter dated 1 January 2010. Our work has been undertaken solely to prepare for your approval the accounts of APS International Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than APS International Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that APS International Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of APS International Limited. You consider that APS International Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of APS International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
MJ Consulting
WW 30 Churchill Place
Canary Wharf
London
E14 5RE
25 August 2021
APS International Limited
Statement of financial position
as at
31 May 2021
Tangible assets
16,010
10,839
Cash at bank and in hand
560,227
1,241,052
Creditors: amounts falling due within one year
(1,043,805)
(880,011)
Net current assets
1,045,605
407,051
Net assets
1,105,839
417,890
Called up share capital
2
2
Profit and loss account
1,105,837
417,888
Shareholders' funds
1,105,839
417,890
For the year ending 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 August 2021 and were signed on its behalf by
Sait Ceesay
Director
Company Registration No. 06908056
APS International Limited
Notes to the Accounts
for the year ended 31 May 2021
APS International Limited is a private company, limited by shares, registered in England and Wales, registration number 06908056. The registered office is City Gate House, 26 Moat Lane, Birmingham, B5 5BD.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets, where applicable.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2020
6,371
26,255
32,626
Additions
727
8,375
9,102
At 31 May 2021
7,098
34,630
41,728
At 1 June 2020
4,274
17,513
21,787
Charge for the year
508
3,423
3,931
At 31 May 2021
4,782
20,936
25,718
At 31 May 2021
2,316
13,694
16,010
At 31 May 2020
2,097
8,742
10,839
APS International Limited
Notes to the Accounts
for the year ended 31 May 2021
5
Investments
Other investments
Valuation at 1 June 2020
-
Valuation at 31 May 2021
44,224
Investments in subsidiaries are valued at cost as follows:
APS Int. AB Sweden - £17,442
Alhagie Spain - £ 26,782
6
Debtors: amounts falling due within one year
2021
2020
Accrued income and prepayments
-
1,695
Other debtors
1,529,183
44,315
7
Creditors: amounts falling due within one year
2021
2020
Trade creditors
89,612
132,615
Taxes and social security
244,758
58,765
Proposed dividends
300,000
250,000
Other creditors
407,173
430,227
Loans from directors
2,157
8,404
Trade creditors - These represent client money held as at the end of the year
Other creditors - These represent amounts collected on behalf of related parties APS USA and APS Sweden, who have authorised APS Intenational to send these funds on their behalf to APS Gambia to pay out.
8
Share capital
2021
2020
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2
2
9
Average number of employees
During the year the average number of employees was 14 (2020: 8).
10
Reconciliations on adoption of FRS 102