|
|
2023 |
|
2022 |
|
|
£ |
£ |
|
£ |
£ |
Fixed assets |
|
|
3,964 |
|
|
5,419 |
Current assets |
|
37,986 |
|
|
31,840 |
|
Prepayments and accrued income |
|
7,547 |
|
|
614 |
|
Creditors: amount falling due within one year |
|
(71,899) |
|
|
(46,082) |
|
Net current liabilities
|
|
|
(26,366)
|
|
|
(13,628)
|
Total assets less current liabilities
|
|
|
(22,402) |
|
|
(8,209) |
Net liabilities
|
|
|
(22,402) |
|
|
(8,209) |
|
|
|
|
|
|
|
Capital and reserves
|
|
|
(22,402) |
|
|
(8,209) |
|
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 trading address of the company is Whitey Road , Ripley, DE5 3QL.
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. It should be noted that the company is reliant on loans from related parties to continue trading. These loans are repayable on demand. At the time of signing the accounts the related parties expected to continue to financially support the company.
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 01 July 2022 |
2,000 |
|
2,000 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 30 June 2023 |
2,000 |
|
2,000 |
Amortisation |
At 01 July 2022 |
800 |
|
800 |
Charge for year |
400 |
|
400 |
On disposals |
- |
|
- |
At 30 June 2023 |
1,200 |
|
1,200 |
Net book values |
At 30 June 2023 |
800 |
|
800 |
At 30 June 2022 |
1,200 |
|
1,200 |
|
3. |
Tangible fixed assets
Cost or valuation |
Plant and machinery |
|
Total |
|
£ |
|
£ |
At 01 July 2022 |
7,500 |
|
7,500 |
Additions |
- |
|
- |
Disposals |
- |
|
- |
At 30 June 2023 |
7,500 |
|
7,500 |
Depreciation |
At 01 July 2022 |
3,281 |
|
3,281 |
Charge for year |
1,055 |
|
1,055 |
On disposals |
- |
|
- |
At 30 June 2023 |
4,336 |
|
4,336 |
Net book values |
Closing balance as at 30 June 2023 |
3,164 |
|
3,164 |
Opening balance as at 01 July 2022 |
4,219 |
|
4,219 |
|
4. |
Average number of employees
Average number of employees during the year was 6 (2022 : 6).
|
5. |
Related parties
At the end of the period the following amounts were owed from/(to) related parties:
Particulars |
|
Current £ |
|
Prior £ |
Loans from related parties (interest free and repayable on demand) |
|
- |
|
- |
- Agri-Plant SV Ltd (common shareholder and director) |
|
(8,262) |
|
(8,262) |
- GP Specialist Vehicles Ltd (common shareholders and directors) |
|
(9,000) |
|
(7,000) |
Loans to related parties (interest free and repayable on demand) |
|
- |
|
- |
- D Alexander (director and shareholder) |
|
- |
|
7,024 |
- Notice SIgns & Graphics Ltd (common shareholders and directors) |
|
7,024 |
|
- |
|
For the year ended 30 June 2023 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 year 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 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 March 2024 and were signed on its behalf by: -------------------------------- David Alexander Director |
2
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