31/03/2019
2019-03-31
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No description of principal activities is disclosed
2018-04-01
Sage Accounts Production 18.30 Update 1 - FRS
xbrli:pure
xbrli:shares
iso4217:GBP
07754626
2018-04-01
2019-03-31
07754626
2019-03-31
07754626
2018-03-31
07754626
2017-04-01
2018-03-31
07754626
2018-03-31
07754626
core:PlantMachinery
2018-04-01
2019-03-31
07754626
bus:RegisteredOffice
2018-04-01
2019-03-31
07754626
bus:OrdinaryShareClass1
2018-04-01
2019-03-31
07754626
bus:LeadAgentIfApplicable
2018-04-01
2019-03-31
07754626
bus:Director1
2018-04-01
2019-03-31
07754626
bus:CompanySecretary1
2018-04-01
2019-03-31
07754626
core:PlantMachinery
2018-03-31
07754626
core:PlantMachinery
2019-03-31
07754626
core:WithinOneYear
2019-03-31
07754626
core:WithinOneYear
2018-03-31
07754626
core:ShareCapital
2019-03-31
07754626
core:ShareCapital
2018-03-31
07754626
core:RetainedEarningsAccumulatedLosses
2019-03-31
07754626
core:RetainedEarningsAccumulatedLosses
2018-03-31
07754626
bus:OrdinaryShareClass1
core:ShareCapital
2019-03-31
07754626
bus:OrdinaryShareClass1
core:ShareCapital
2018-03-31
07754626
core:PlantMachinery
2018-03-31
07754626
bus:SmallEntities
2018-04-01
2019-03-31
07754626
bus:AuditExemptWithAccountantsReport
2018-04-01
2019-03-31
07754626
bus:FullAccounts
2018-04-01
2019-03-31
07754626
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2018-04-01
2019-03-31
07754626
bus:PrivateLimitedCompanyLtd
2018-04-01
2019-03-31
APE Consulting Ltd
Unaudited filleted financial statements
31 March 2019
Company registration number:
07754626
APE Consulting Ltd
Directors and other information
Director
A. Williamson
Secretary
P. Stewart
Company number
07754626
Registered office
1 Victoria Court
Bank Square
Morley
Leeds
LS27 9SE
Accountants
Novis & Co
1 Victoria Court
Bank Square
Morley
Leeds
LS27 9SE
Bankers
HSBC Bank Plc
118 Princes Street
Edinburgh
EH2 4AA
APE Consulting Ltd
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of APE Consulting Ltd
Year ended 31 March 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of APE Consulting Ltd for the year ended 31 March 2019 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/ regulations-standards-and-guidance/.
This report is made solely to the director of APE Consulting Ltd, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of APE Consulting Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with the ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than APE Consulting Ltd and its director as a body for our work or for this report.
It is your duty to ensure that APE Consulting Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of APE Consulting Ltd. You consider that APE Consulting Ltd 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 financial statements of APE Consulting Ltd. 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 financial statements.
Novis & Co
Chartered Accountants
1 Victoria Court
Bank Square
Morley
Leeds
LS27 9SE
12 July 2019
APE Consulting Ltd
Statement of financial position
31 March 2019
|
|
|
2019
|
|
|
|
2018
|
|
|
|
|
Note
|
£
|
|
£
|
|
£
|
|
£
|
|
|
|
|
|
|
|
|
|
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
Tangible assets
|
|
5
|
776
|
|
|
|
836
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
776
|
|
|
|
836
|
|
|
|
|
|
|
|
|
|
|
Current assets
|
|
|
|
|
|
|
|
|
|
Debtors
|
|
6
|
3,258
|
|
|
|
8,517
|
|
|
Cash at bank and in hand
|
|
|
308
|
|
|
|
1,935
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
3,566
|
|
|
|
10,452
|
|
|
Creditors: amounts falling due
|
|
|
|
|
|
|
|
|
|
within one year
|
|
7
|
(
12,294)
|
|
|
|
(
10,746)
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
Net current liabilities
|
|
|
|
|
(
8,728)
|
|
|
|
(
294)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Net (liabilities)/assets
|
|
|
|
|
(
7,952)
|
|
|
|
542
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
Capital and reserves
|
|
|
|
|
|
|
|
|
|
Called up share capital
|
|
8
|
|
|
100
|
|
|
|
100
|
Profit and loss account
|
|
|
|
|
(
8,052)
|
|
|
|
442
|
|
|
|
|
|
_______
|
|
|
|
_______
|
Shareholders (deficit)/funds
|
|
|
|
|
(
7,952)
|
|
|
|
542
|
|
|
|
|
|
_______
|
|
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
For the year ending 31 March 2019 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 financial statements for the year in question in accordance with section 476;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These 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 income statement has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 July 2019
, and are signed on behalf of the board by:
A. Williamson
Director
Company registration number:
07754626
APE Consulting Ltd
Notes to the financial statements
Year ended 31 March 2019
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 1 Victoria Court, Bank Square, Morley, Leeds, LS27 9SE.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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 on the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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 are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
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:
|
|
|
|
|
|
Plant and machinery
|
-
|
33 %
|
straight line
|
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
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. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Pension contributions
The pension costs charged in the financial statements represent the contribution payable by the company during the year.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2018:
1
).
5.
Tangible assets
|
|
Plant and machinery
|
Total
|
|
|
|
|
|
|
|
£
|
£
|
|
|
|
|
|
|
Cost
|
|
|
|
|
|
|
|
|
At 1 April 2018
|
9,733
|
9,733
|
|
|
|
|
|
|
Additions
|
1,088
|
1,088
|
|
|
|
|
|
|
Disposals
|
(
908)
|
(
908)
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 March 2019
|
9,913
|
9,913
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Depreciation
|
|
|
|
|
|
|
|
|
At 1 April 2018
|
8,897
|
8,897
|
|
|
|
|
|
|
Charge for the year
|
1,145
|
1,145
|
|
|
|
|
|
|
Disposals
|
(
905)
|
(
905)
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 March 2019
|
9,137
|
9,137
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
Carrying amount
|
|
|
|
|
|
|
|
|
At 31 March 2019
|
776
|
776
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
At 31 March 2018
|
836
|
836
|
|
|
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Trade debtors
|
|
1,280
|
8,517
|
|
Other debtors
|
|
1,978
|
-
|
|
|
|
_______
|
_______
|
|
|
|
3,258
|
8,517
|
|
|
|
_______
|
_______
|
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2019
|
2018
|
|
|
|
£
|
£
|
|
Corporation tax
|
|
-
|
2,828
|
|
Social security and other taxes
|
|
3,793
|
6,061
|
|
Other creditors
|
|
8,501
|
1,857
|
|
|
|
_______
|
_______
|
|
|
|
12,294
|
10,746
|
|
|
|
_______
|
_______
|
|
|
|
|
|
8.
Called up share capital
Issued, called up and fully paid
|
|
|
2019
|
|
|
|
2018
|
|
|
|
|
|
No
|
|
£
|
|
No
|
|
£
|
|
Ordinary
shares of £
1.00 each
|
|
100
|
|
100
|
|
100
|
|
100
|
|
|
|
_______
|
|
_______
|
|
_______
|
|
_______
|
|
|
|
|
|
|
|
|
|
|
9.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
|
Balance owed by/(owed to)
|
|
|
|
|
|
2019
|
2018
|
|
|
|
|
£
|
£
|
|
|
|
A director
|
(7,151)
|
(425)
|
|
|
|
|
_______
|
_______
|
|
|
|
|
|
|
|
|