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Registered Number: 02144465
England and Wales

 

 

 


Abridged Accounts

for the year ended 31 December 2022

for

APOLLO HOUSEWARES LIMITED

Opinion

We have audited the financial statements of Apollo Housewares Limited for the year ended 31 December 2022 set out on page 7-11 ( Abridged Accounts on page 5-8 ). These financial statements have been prepared under the accounting policies set out therein and the requirements of the Financial Reporting Standard for Smaller Entities (effective January 2015).

This report is made solely to the company's members, as a body, in accordance with Section 475 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, or for the opinions we have formed.
Basis for opinion
In our opinion the financial statements:
  • give a true and fair view of the state of the company's affairs as at year ended 31 December 2022 and of its Profit for the year then ended;
  • have been properly prepared in accordance with United Kingdom Accounting Standards; and
  • have been properly prepared in accordance with the requirements of the Companies Act 2006.
Opinion on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
  • the information given in the directors’ report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
  • the directors’ report has been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
  • adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
  • the financial statements are not in agreement with the accounting records and returns; or
  • certain disclosures of directors’ remuneration specified by law are not made; or
  • we have not received all the information and explanations we require for our audit; or
  • the directors were not entitled to prepare the financial statements in accordance with the small companies regime and take advantage of the small companies’ exemptions in preparing the directors’ report and from the requirement to prepare a strategic report.
Responsibilities of directors
As explained more fully in the directors’ responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.
Use of this report
This report is made solely to the company’s members, as a body, in accordance with the Companies Act 2006, Pt. 16, Ch. 3. Our audit work has been undertaken so that we might state to the company’s members those matters that we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, or the opinions we have formed.



Susan Rahman (Senior Statutory Auditor)
for and on behalf of KWSR & Co
Chartered Accountants and Statutory Auditors
136 Merton High Street
London
SW19 1BA
Date: 28 September 2023
1
 
 
Notes
 
31/12/2022
£
  31/12/2021
£
Fixed assets      
Tangible fixed assets 3 10,240    18,320 
Investments 4 85    85 
10,325    18,405 
Current assets      
Stocks 1,370,688    1,750,475 
Debtors 963,191    1,783,829 
Cash at bank and in hand 1,656,981    882,570 
3,990,860    4,416,874 
Creditors: amount falling due within one year (765,355)   (1,031,638)
Net current assets 3,225,505    3,385,236 
 
Total assets less current liabilities 3,235,830    3,403,641 
Net assets 3,235,830    3,403,641 
 

Capital and reserves
     
Called up share capital 5 32,000    32,000 
Profit and loss account 3,203,830    3,371,641 
Shareholder's funds 3,235,830    3,403,641 
 


These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006,the profit and loss account has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the board of directors on 28 September 2023 and were signed on its behalf by:


-------------------------------
John Richmond
Director
-------------------------------
David George Phillips
Director
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General Information
Apollo Housewares Limited is a private company, limited by shares, registered in England and Wales, registration number 02144465, registration address Sandy Farm Business Centre, The Sands, Farnham, Surrey, GU10 1PX.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rate of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All foreign exchange differences are included in the profit and loss account.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444 (1) and opted not to file the profit and loss account, director's report, and notes to the financial statements relating to the profit and loss account.
Tangible fixed assets
Tangible fixed assets 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:
Motor Vehicles 25% Straight Line
Computer Equipment 25% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
Stocks accounting policy
Stocks are valued at the lower of cost and net realisable value.
2.

Average number of employees

Average number of employees during the year was 11 (2021 : 10).
3.

Tangible fixed assets

Cost or valuation Motor Vehicles   Computer Equipment   Total
  £   £   £
At 01 January 2022 23,980    10,500    34,480 
Additions    
Disposals    
At 31 December 2022 23,980    10,500    34,480 
Depreciation
At 01 January 2022 11,960    4,200    16,160 
Charge for year 5,980    2,100    8,080 
On disposals    
At 31 December 2022 17,940    6,300    24,240 
Net book values
Closing balance as at 31 December 2022 6,040    4,200    10,240 
Opening balance as at 01 January 2022 12,020    6,300    18,320 


4.

Investments

Cost Other investments other than loans   Total
  £   £
At 01 January 2022 85    85 
Additions  
Transfer to/from tangible fixed assets  
Disposals  
At 31 December 2022 85    85 

5.

Share Capital

Allotted, called up and fully paid
31/12/2022
£
  31/12/2021
£
32,000 A shares of £1.00 each 32,000    32,000 
32,000    32,000 

6.

APB Ethical Standard-Provision Available for Small Entities

In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
7.

Ultimate Controlling Party

The company was under the control of J Richmond and D G Phillips and members of their close families throughout the current and previous periods.
8.

Additional Matters

 Consent to Abridgement 

All the members have agreed to the abridgement of the financial statements for the year ended 31 December 2022.


9.

General Information

Apollo Housewares Limited: Registered number 02144465 is a limited by shares company incorporated in England and Wales. The Registered Office is Sandy Farm Business Centre, The Sands, Farnham, Surrey GU10 1PX.
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