APG CASH DRAWER UK, LTD

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

UK-adopted International Accounting Standards

Reporting scope

Consolidated group

Auditor

RSM UK Audit LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The group remains reliant on the continued financial support of its parent, APG Cash Drawer LLC, which has confirmed in writing its commitment to provide necessary support, including that intra-group loans will not be recalled for at least 12 months from the date of signing the financial statements. As a result, the directors continue to adopt the going concern basis in preparing the financial statements.”

Group structure

1. APG CASH DRAWER UK, LTD · parent
   1. APG Solutions EMEA Limited 100% · United Kingdom · Sale of cash drawers
   2. Deckflat Limited 100% · United Kingdom · Dormant
   3. European Cash Drawers Ltd 100% · United Kingdom · Dormant
   4. Cash Bases Iberica SA 100% · Spain · Sales office
   5. APG Cash Drawer GmbH 100% · Germany · Sales office
   6. APG Cash Drawer SARL 100% · France · Sales office
   7. European Cash Drawers SA 100% · Spain · Dormant

Significant events

• “During the year the group undertook a restructuring whereby it disposed of its investment in its subsidiary undertaking, Metal Box Technology Solutions Limited (formerly APG Cash Drawer Limited), to its management team for proceeds of £1. Except for specific select assets and liabilities retained by Metal Box Technology Solutions Limited, prior to the disposal its trade and assets were hived up to a fellow group company. As a result of the restructuring the group recognised a loss on disposal of Metal Box Technology Solutions Limited amounting to £234,711 which is included within non-underlying items in the income statement.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

1

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.6%

  £11,486,488 → £13,051,020

• Cash

  -67.2%

  £1,558,819 → £510,615

• Net assets

  -7,795.7%

  £20,587 → -£1,584,305

• Employees

  -31.5%

  108 → 74

• Operating profit

  -89.8%

  -£879,229 → -£1,668,875

• Profit before tax

  -69%

  -£1,053,107 → -£1,779,272

• Wages

  -13.9%

  £4,224,737 → £3,637,036

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers