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Company No: 05642471 (England and Wales)

APOLLO SYSTEMS UK LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2023
Pages for filing with the registrar

APOLLO SYSTEMS UK LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2023

Contents

APOLLO SYSTEMS UK LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2023
APOLLO SYSTEMS UK LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2023
DIRECTOR S A Maidment
SECRETARY S A Maidment
REGISTERED OFFICE 13 Tinsley Close
Claypole
Newark
NG23 5BS
United Kingdom
COMPANY NUMBER 05642471 (England and Wales)
ACCOUNTANT Duncan & Toplis Limited
14 London Road
Newark
Nottinghamshire
NG24 1TW
APOLLO SYSTEMS UK LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 December 2023
APOLLO SYSTEMS UK LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 December 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 22,851 29,315
22,851 29,315
Current assets
Stocks 4 1,000 1,000
Debtors 5 11,185 89,856
Cash at bank and in hand 72,273 67,036
84,458 157,892
Creditors: amounts falling due within one year 6 ( 17,378) ( 70,046)
Net current assets 67,080 87,846
Total assets less current liabilities 89,931 117,161
Creditors: amounts falling due after more than one year 7 ( 10,622) ( 15,279)
Provision for liabilities ( 4,342) ( 5,570)
Net assets 74,967 96,312
Capital and reserves
Called-up share capital 8 100 100
Profit and loss account 74,867 96,212
Total shareholders' funds 74,967 96,312

For the financial year ending 31 December 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Apollo Systems UK Limited (registered number: 05642471) were approved and authorised for issue by the Director on 26 July 2024. They were signed on its behalf by:

S A Maidment
Director
APOLLO SYSTEMS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
APOLLO SYSTEMS UK LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Apollo Systems UK Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 13 Tinsley Close, Claypole, Newark, NG23 5BS, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents charges for mechanical and electrical installation, net of VAT.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery etc. 20 - 25 % reducing balance
3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

3. Tangible assets

Plant and machinery etc. Total
£ £
Cost
At 01 January 2023 51,123 51,123
Additions 986 986
At 31 December 2023 52,109 52,109
Accumulated depreciation
At 01 January 2023 21,808 21,808
Charge for the financial year 7,450 7,450
At 31 December 2023 29,258 29,258
Net book value
At 31 December 2023 22,851 22,851
At 31 December 2022 29,315 29,315

4. Stocks

2023 2022
£ £
Stocks 1,000 1,000

5. Debtors

2023 2022
£ £
Trade debtors 9,689 88,717
Amounts owed by director (note 9) 204 0
Prepayments 1,292 1,139
11,185 89,856

6. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 3,052 51,984
Amounts owed to director (note 9) 0 213
Accruals 1,799 1,566
Taxation and social security 7,870 11,862
Obligations under finance leases and hire purchase contracts 4,657 4,421
17,378 70,046

7. Creditors: amounts falling due after more than one year

2023 2022
£ £
Obligations under finance leases and hire purchase contracts 10,622 15,279

8. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

9. Related party transactions

Transactions with the entity’s director (or members of its governing body)

Amounts owed by director

2023 2022
£ £
S A Maidment 204 0