|
|
2021 |
|
|
£ |
£ |
Fixed assets |
|
|
7,225 |
Current assets |
|
45,327 |
|
Prepayments and accrued income |
|
5,920 |
|
Creditors: amount falling due within one year |
|
(57,284) |
|
Net current liabilities
|
|
|
(6,037)
|
Total assets less current liabilities
|
|
|
1,188 |
Net assets
|
|
|
1,188 |
|
|
|
|
|
Capital and reserves
|
|
|
1,188 |
|
NOTES TO THE ACCOUNTS
General Information
APSV Coatings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12562881, registration address Thornton Station Yard, Ingleton, Carnforth, LA6 3ET.
The presentation currency is £ sterling.
1. |
Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 105 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery etc |
25% |
|
2. |
Intangible fixed assets
Cost |
Goodwill |
|
Total |
|
£ |
|
£ |
At 17 April 2020 |
- |
|
- |
Additions |
2,000 |
|
2,000 |
Disposals |
- |
|
- |
At 30 June 2021 |
2,000 |
|
2,000 |
Amortisation |
At 17 April 2020 |
- |
|
- |
Charge for period |
400 |
|
400 |
On disposals |
- |
|
- |
At 30 June 2021 |
400 |
|
400 |
Net book values |
At 30 June 2021 |
1,600 |
|
1,600 |
At 16 April 2020 |
- |
|
- |
|
3. |
Tangible fixed assets
Cost or valuation |
Plant and machinery |
|
Total |
|
£ |
|
£ |
At 17 April 2020 |
- |
|
- |
Additions |
7,500 |
|
7,500 |
Disposals |
- |
|
- |
At 30 June 2021 |
7,500 |
|
7,500 |
Depreciation |
At 17 April 2020 |
- |
|
- |
Charge for period |
1,875 |
|
1,875 |
On disposals |
- |
|
- |
At 30 June 2021 |
1,875 |
|
1,875 |
Net book values |
Closing balance as at 30 June 2021 |
5,625 |
|
5,625 |
Opening balance as at 17 April 2020 |
- |
|
- |
|
4. |
Average number of employees
Average number of employees during the period was 7.
|
5. |
Related parties
At the end of the period the following amounts were owed from/(to) related parties:
Particulars |
|
Current £ |
Trade debtors |
|
- |
- GP Specialist Vehicles Ltd (common shareholders and directors) |
|
10,460 |
Trade creditors |
|
- |
- GP Specialist Vehicles Ltd (common shareholders and directors) |
|
(3,349) |
Loans from related parties (interest free and repayable on demand) |
|
- |
- D Alexander (director and shareholder) |
|
(5,476) |
- Agri-Plant SV Ltd (common shareholder and director) |
|
(20,749) |
|
For the period ended 30 June 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Directors' Responsibilities:
The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, the financial reporting standard applicable to the micro-entities regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the board of directors on 14 January 2022 and were signed on its behalf by:
-------------------------------- David Alexander Director |
3
|