Apex General Supplies & Maintenance Limi - Abbreviated accounts 16.3

REGISTERED NUMBER: 06409087 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

APEX GENERAL SUPPLIES

& MAINTENANCE LIMITED

Page

Company Information

1

Chartered Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

Mr L F Banks

REGISTERED OFFICE:

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

REGISTERED NUMBER:

06409087 (England and Wales)

ACCOUNTANTS:

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages three to seven)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Apex General Supplies & Maintenance Limited for the year ended 31st March 2016 which

comprise the Profit and Loss Account, the Balance Sheet and the 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Apex General Supplies & Maintenance Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Apex General Supplies & Maintenance Limited and state those matters that we have agreed to state to the director of Apex General Supplies & Maintenance Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Apex General Supplies & Maintenance Limited director for our work or for this report.

It is your duty to ensure that Apex General Supplies & Maintenance Limited 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 profit of Apex General Supplies & Maintenance Limited. You consider that Apex General Supplies & Maintenance 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 financial statements of Apex General Supplies & Maintenance 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 financial statements.

Barrons

Chartered Accountants

Monometer House

Rectory Grove

Leigh on Sea

Essex

SS9 2HN

3rd November 2016

FIXED ASSETS

Intangible assets

2

183,291

198,566

Tangible assets

3

12,932

976

196,223

199,542

CURRENT ASSETS

Stocks

88,920

80,203

Debtors

421,665

345,567

Cash at bank and in hand

6,022

22,790

516,607

448,560

CREDITORS

Amounts falling due within one year

4

477,328

454,206

NET CURRENT ASSETS/(LIABILITIES)

39,279

(5,646

)

TOTAL ASSETS LESS CURRENT LIABILITIES

235,502

193,896

CREDITORS

Amounts falling due after more than one year

4

(9,976

)

-

PROVISIONS FOR LIABILITIES

(1,574

)

-

NET ASSETS

223,952

193,896

CAPITAL AND RESERVES

Called up share capital

5

335,268

335,268

Profit and loss account

(111,316

)

(141,372

)

SHAREHOLDERS' FUNDS

223,952

193,896

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 3rd November 2016 and were signed by:

Mr L F Banks - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net sales of goods and services for the year, excluding value added tax.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of the company's trading activities, is being

amortised evenly over its estimated useful life.

Goodwill - Straight line over 20 years

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery etc

-

25% on reducing balance, over the operating life of the asset and straight line over 4 years

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held

under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases

are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The

capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

and 31st March 2016

305,491

AMORTISATION

At 1st April 2015

106,925

Amortisation for year

15,275

At 31st March 2016

122,200

NET BOOK VALUE

At 31st March 2016

183,291

At 31st March 2015

198,566

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1st April 2015

29,360

Additions

16,285

At 31st March 2016

45,645

DEPRECIATION

At 1st April 2015

28,384

Charge for year

4,329

At 31st March 2016

32,713

NET BOOK VALUE

At 31st March 2016

12,932

At 31st March 2015

976

4.

CREDITORS

Creditors include an amount of £ 167,264 (2015 - £ 172,225 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

335,268

Ordinary

£1

335,268

335,268

6.	ULTIMATE PARENT COMPANY

Apex UK Property Investments Limited, a company incorporated in England and Wales, was the ultimate parent

company for this and the preceding year.