Registered number
12813539
Apollo Capital Group ltd
Filleted Accounts
31 January 2023
Apollo Capital Group ltd
Registered number: 12813539
Balance Sheet
as at 31 January 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 609,238 231,431
Current assets
Debtors 4 120,558 171,780
Cash at bank and in hand 713,353 221,221
833,911 393,001
Creditors: amounts falling due within one year 5 (679,988) (341,365)
Net current assets 153,923 51,636
Total assets less current liabilities 763,161 283,067
Creditors: amounts falling due after more than one year 6 (409,635) (43,078)
Provisions for liabilities (27,936) (24,474)
Net assets 325,590 215,515
Capital and reserves
Called up share capital 2 2
Profit and loss account 325,588 215,513
Shareholders' funds 325,590 215,515
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Andrew King
Director
Approved by the board on 13 July 2023
Apollo Capital Group ltd
Notes to the Accounts
for the year ended 31 January 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to property 20% on cost
Fixtures and fittings Straight line over 3 years
Motor vehicles 25% on reducing balance
Computer Equipment Straight line over 3 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 14 12
3 Tangible fixed assets
Leasehold Improvements Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2022 103,915 49,137 102,447 255,499
Additions 12,542 26,454 596,014 635,010
Disposals - - (153,995) (153,995)
At 31 January 2023 116,457 75,591 544,466 736,514
Depreciation
At 1 February 2022 6,192 12,203 5,673 24,068
Charge for the year 23,607 16,000 76,864 116,471
On disposals - - (13,263) (13,263)
At 31 January 2023 29,799 28,203 69,274 127,276
Net book value
At 31 January 2023 86,658 47,388 475,192 609,238
At 31 January 2022 97,723 36,934 96,774 231,431
4 Debtors 2023 2022
£ £
Trade debtors 68,090 127,273
Other debtors 52,468 44,507
120,558 171,780
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 110 -
Obligations under finance lease and hire purchase contracts 47,698 11,440
Trade creditors 40,240 40,884
Taxation and social security costs 170,507 113,265
Other creditors 421,433 175,776
679,988 341,365
6 Creditors: amounts falling due after one year 2023 2022
£ £
Obligations under finance lease and hire purchase contracts 409,635 43,078
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Andrew King
[Loan 1] (3,687) 221,084 (215,563) 1,834
David Moss
[Loan 1] (2,688) 4,755 (32) 2,035
(6,375) 225,839 (215,595) 3,869
8 Related party transactions
As at the year end, the directors owed the company £3,869.06. This has since been repaid in full.
9 Controlling party
The directors are the ultimate controlling party by virtue of their shareholding.
10 Other information
Apollo Capital Group ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Lenz
Hornbeam Park
Harrogate
HG2 8RE
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