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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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APMG-AUSTRALASIA LIMITED |
REGISTERED NUMBER:
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FINANCIAL STATEMENTS |
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FOR THE YEAR ENDED 31ST MARCH 2021 |
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FOR |
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APMG-AUSTRALASIA LIMITED |
APMG-AUSTRALASIA LIMITED (REGISTERED NUMBER: 06338597) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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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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APMG-AUSTRALASIA LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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AUDITORS: |
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Registered Auditors & |
Chartered Accountants |
Mercury House |
19-21 Chapel Street |
Marlow |
Buckinghamshire |
SL7 3HN |
APMG-AUSTRALASIA LIMITED (REGISTERED NUMBER: 06338597) |
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BALANCE SHEET |
31ST MARCH 2021 |
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31.3.21 | 31.3.20 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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 | 7 |
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SHAREHOLDERS' FUNDS |
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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 and authorised for issue on
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APMG-AUSTRALASIA LIMITED (REGISTERED NUMBER: 06338597) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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1. | STATUTORY INFORMATION |
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APMG-Australasia Limited is a
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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COVID-19 |
At the date of approval of these financial statements the global health emergency, known as Coronavirus (Covid-19), which was classified as a pandemic by the World Health Organisation on 11 March 2020 due to its rapid transmission across the globe, continues to have a significant negative impact on global stock markets, currencies, and general business activities. The company has been able to continue operating with the benefit of support provided by local government bodies and internal measures taken. However, the full extent and timing of the impact of Covid-19 on the global economy, and the consequential knock-on effect on the company's future performance remains unknown. However, it is expected that the company is well placed to overcome these challenges in the foreseeable future. |
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Accordingly, no adjustments have been made relating to recoverability and classification of recorded asset |
amounts and classification of liabilities that might be necessary should the company not continue as a going |
concern. |
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Turnover |
Turnover represents net invoiced sales of services, excluding value added tax. |
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Tangible fixed assets |
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Fixtures and fittings | - |
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Government grants |
Government grants are recognised using the accrual model. Grants relating to revenue are recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate. |
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During the year ended 31 March 2021, the company received a total of £122,760 in government grants. |
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Foreign currencies |
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result. |
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Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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APMG-AUSTRALASIA LIMITED (REGISTERED NUMBER: 06338597) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 1st April 2020 |
and 31st March 2021 |
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DEPRECIATION |
At 1st April 2020 |
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Charge for year |
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At 31st March 2021 |
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NET BOOK VALUE |
At 31st March 2021 |
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At 31st March 2020 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 31.3.20 |
£ | £ |
Trade debtors |
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Amounts owed by group undertakings |
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Other debtors |
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Tax |
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Deferred tax asset |
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Prepayments and accrued income |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.3.21 | 31.3.20 |
£ | £ |
Trade creditors |
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Tax |
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Social security and other taxes |
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VAT | 7,011 | 13,131 |
Accruals and deferred income |
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7. | RESERVES |
Retained |
earnings |
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At 1st April 2020 |
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Profit for the year |
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Foreign exchange | 29,199 |
At 31st March 2021 |
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APMG-AUSTRALASIA LIMITED (REGISTERED NUMBER: 06338597) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MARCH 2021 |
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8. | DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006 |
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The Report of the Auditors was unqualified. |
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for and on behalf of
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9. | POST BALANCE SHEET EVENTS |
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At the date of approval of these financial statements the global health emergency, known as Coronavirus (Covid-19), which was classified as a pandemic by the World Health Organisation on 11 March 2020 due to its rapid transmission across the globe, continues to have a significant negative impact on global stock markets, currencies, and general business activities. The company has been able to continue operating with the benefit of support provided by local government bodies and internal measures taken. However, the full extent and timing of the impact of Covid-19 on the global economy, and the consequential knock-on effect on the company's future performance remains unknown. |
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10. | ULTIMATE CONTROLLING PARTY |
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The controlling party is The APM Group Limited. |
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The ultimate controlling party is
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