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REGISTERED NUMBER: 05847942 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

APPOLLO ENGINEERING LTD

APPOLLO ENGINEERING LTD (REGISTERED NUMBER: 05847942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


APPOLLO ENGINEERING LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 December 2023







DIRECTORS: Mrs A J Spencer
Mr M Spencer





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 05847942 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

APPOLLO ENGINEERING LTD (REGISTERED NUMBER: 05847942)

BALANCE SHEET
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 137,331 144,008

CURRENT ASSETS
Stocks 15,500 8,000
Debtors 5 247,942 150,986
Cash at bank 341,090 365,075
604,532 524,061
CREDITORS
Amounts falling due within one year 6 169,433 153,955
NET CURRENT ASSETS 435,099 370,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

572,430

514,114

CREDITORS
Amounts falling due after more than one year 7 (24,313 ) (41,930 )

PROVISIONS FOR LIABILITIES (24,722 ) (19,394 )
NET ASSETS 523,395 452,790

CAPITAL AND RESERVES
Called up share capital 31 31
Retained earnings 523,364 452,759
SHAREHOLDERS' FUNDS 523,395 452,790

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

APPOLLO ENGINEERING LTD (REGISTERED NUMBER: 05847942)

BALANCE SHEET - continued
31 December 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 April 2024 and were signed on its behalf by:




Mr M Spencer - Director



Mrs A J Spencer - Director


APPOLLO ENGINEERING LTD (REGISTERED NUMBER: 05847942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 December 2023

1. STATUTORY INFORMATION

Appollo Engineering Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

TURNOVER
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.
Improvements to property - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

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 profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2022 - 10 ) .

APPOLLO ENGINEERING LTD (REGISTERED NUMBER: 05847942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 37,192 225,854 6,377
Additions - 30,600 -
At 31 December 2023 37,192 256,454 6,377
DEPRECIATION
At 1 January 2023 31,097 156,051 4,220
Charge for year 1,524 18,842 539
At 31 December 2023 32,621 174,893 4,759
NET BOOK VALUE
At 31 December 2023 4,571 81,561 1,618
At 31 December 2022 6,095 69,803 2,157

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 88,897 10,420 368,740
Additions - 144 30,744
At 31 December 2023 88,897 10,564 399,484
DEPRECIATION
At 1 January 2023 27,615 5,749 224,732
Charge for year 15,321 1,195 37,421
At 31 December 2023 42,936 6,944 262,153
NET BOOK VALUE
At 31 December 2023 45,961 3,620 137,331
At 31 December 2022 61,282 4,671 144,008

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST
At 1 January 2023
and 31 December 2023 38,200
DEPRECIATION
At 1 January 2023 4,774
Charge for year 8,356
At 31 December 2023 13,130
NET BOOK VALUE
At 31 December 2023 25,070
At 31 December 2022 33,426

APPOLLO ENGINEERING LTD (REGISTERED NUMBER: 05847942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 December 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 238,255 139,048
Other debtors - 2,298
Prepayments 9,687 9,640
247,942 150,986

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 7,450 7,450
Trade creditors 25,442 38,326
Tax 55,220 47,319
Social security and other taxes 10,610 7,156
Pensions Payable 219 183
VAT 57,195 40,207
Credit Card 1,506 971
Directors' current accounts 791 16
Accrued expenses 1,000 2,327
169,433 153,955

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 10,000 10,000
Bank loans - 2-5 years 5,000 15,167
Hire purchase contracts 9,313 16,763
24,313 41,930

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
Mr M Spencer and Mrs A J Spencer
Balance outstanding at start of year (16 ) -
Amounts advanced 129,287 159,735
Amounts repaid (130,062 ) (159,751 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (791 ) (16 )

The directors loan has no repayment terms and does not attract interest.

9. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr and Mrs Spencer, who between them own 100% of the voting share capital.