Company registered number
07245126
Apolline Limited
Filleted Accounts
31 December 2023
Apolline Limited
Registered number: 07245126
Balance Sheet
as at 31 December 2023
Notes 31/12/23 31/3/23
£ £
Fixed assets
Intangible assets 3 3,389 13,554
Tangible assets 4 1,999 1,712
5,388 15,266
Current assets
Debtors 5 26,164 40,782
Cash at bank and in hand 99,609 104,923
125,773 145,705
Creditors: amounts falling due within one year 6 (68,953) (59,792)
Net current assets 56,820 85,913
Total assets less current liabilities 62,208 101,179
Creditors: amounts falling due after more than one year 7 (19,167) (26,667)
Net assets 43,041 74,512
Capital and reserves
Called up share capital 100 100
Profit and loss account 42,941 74,412
Shareholders' funds 43,041 74,512
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.
Mrs P P Langley
Director
Approved by the board on 7 March 2024
Apolline Limited
Notes to the Accounts
for the period from 1 April 2023 to 31 December 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.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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 of each asset over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance
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.
2 Employees 31/12/23 31/3/23
Number Number
Average number of persons employed by the company 8 8
3 Intangible fixed assets £
Goodwill:
Cost
At 1 April 2023 194,943
At 31 December 2023 194,943
Amortisation
At 1 April 2023 181,389
Provided during the period 10,165
At 31 December 2023 191,554
Net book value
At 31 December 2023 3,389
At 31 March 2023 13,554
Website & software developments costs are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 April 2023 10,804
Additions 748
At 31 December 2023 11,552
Depreciation
At 1 April 2023 9,092
Charge for the period 461
At 31 December 2023 9,553
Net book value
At 31 December 2023 1,999
At 31 March 2023 1,712
5 Debtors 31/12/23 31/3/23
£ £
Trade debtors 510 1,146
Other debtors 25,654 39,636
26,164 40,782
6 Creditors: amounts falling due within one year 31/12/23 31/3/23
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 5,847 14,574
Amounts owed to group undertakings and undertakings in which the company has a participating interest 8,569 -
Taxation and social security costs 29,531 18,431
Other creditors 15,006 16,787
68,953 59,792
7 Creditors: amounts falling due after one year 31/12/23 31/3/23
£ £
Bank loans 19,167 26,667
8 Other information
Apolline Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 Hertford House Farm Close
Shenley
Radlett
Hertfordshire
WD7 9AB
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