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REGISTERED NUMBER: 04130785 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Apollo Coventry Limited

Apollo Coventry Limited (Registered number: 04130785)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Apollo Coventry Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: C G Phillips
C M Phillips
J B Phillips
M E Phillips





SECRETARY: M E Phillips





REGISTERED OFFICE: Leofric House
Binley Road
Gosford Green
Coventry
West Midlands
CV3 1JN





REGISTERED NUMBER: 04130785 (England and Wales)





ACCOUNTANTS: Leigh Christou Ltd
Chartered Certified Accountants
Leofric House
Binley Road
Coventry
CV3 1JN

Apollo Coventry Limited (Registered number: 04130785)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 94,942 125,654
94,942 125,654

CURRENT ASSETS
Stocks 40,934 16,250
Debtors 6 221,555 242,078
Cash at bank and in hand 184,679 163,548
447,168 421,876
CREDITORS
Amounts falling due within one year 7 141,409 148,280
NET CURRENT ASSETS 305,759 273,596
TOTAL ASSETS LESS CURRENT
LIABILITIES

400,701

399,250

CREDITORS
Amounts falling due after more than one
year

8

-

(7,030

)

PROVISIONS FOR LIABILITIES (17,012 ) (24,261 )
NET ASSETS 383,689 367,959

CAPITAL AND RESERVES
Called up share capital 999 999
Retained earnings 382,690 366,960
SHAREHOLDERS' FUNDS 383,689 367,959

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

Apollo Coventry Limited (Registered number: 04130785)

Balance Sheet - continued
30 June 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 October 2024 and were signed on its behalf by:





C M Phillips - Director


Apollo Coventry Limited (Registered number: 04130785)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Apollo Coventry Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2007, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Short leasehold - Period of lease
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - Straight line over 3 years

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Apollo Coventry Limited (Registered number: 04130785)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Deferred taxation
Deferred taxation 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 accounts. Deferred taxation 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 17 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 176,705
AMORTISATION
At 1 July 2023
and 30 June 2024 176,705
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings
£    £    £   
COST
At 1 July 2023 15,279 346,545 13,617
Additions - - -
Disposals - (99,263 ) (2,057 )
At 30 June 2024 15,279 247,282 11,560
DEPRECIATION
At 1 July 2023 15,279 280,523 11,982
Charge for year - 8,753 216
Eliminated on disposal - (91,763 ) (1,865 )
At 30 June 2024 15,279 197,513 10,333
NET BOOK VALUE
At 30 June 2024 - 49,769 1,227
At 30 June 2023 - 66,022 1,635

Apollo Coventry Limited (Registered number: 04130785)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 July 2023 118,949 15,364 509,754
Additions - 1,064 1,064
Disposals (14,030 ) (7,140 ) (122,490 )
At 30 June 2024 104,919 9,288 388,328
DEPRECIATION
At 1 July 2023 61,206 15,110 384,100
Charge for year 14,320 332 23,621
Eliminated on disposal (13,567 ) (7,140 ) (114,335 )
At 30 June 2024 61,959 8,302 293,386
NET BOOK VALUE
At 30 June 2024 42,960 986 94,942
At 30 June 2023 57,743 254 125,654

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1 July 2023
and 30 June 2024 48,065
DEPRECIATION
At 1 July 2023 14,269
Charge for year 8,449
At 30 June 2024 22,718
NET BOOK VALUE
At 30 June 2024 25,347
At 30 June 2023 33,796

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 188,071 216,111
Other debtors 33,484 25,967
221,555 242,078

Apollo Coventry Limited (Registered number: 04130785)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts 7,811 9,373
Trade creditors 49,288 51,408
Taxation and social security 65,415 68,390
Other creditors 18,895 19,109
141,409 148,280

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Hire purchase contracts - 7,030

9. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Directors' loan accounts 5,285 5,103
Hire purchase contracts 7,811 16,403
13,096 21,506

The directors' loan accounts are secured by a debenture over the assets of the Company dated 20 November 2007.

The Hire Purchase contract is secured upon the asset purchased under the individual agreement.

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within other creditors is £3,248 (2023: £3,248) due to the directors Mr & Mrs C G Phillips. There is also £2,037 (2023: £2,037) due to Mr & Mrs C M Phillips.

These amounts are interest free and have no set terms for repayment.

11. ULTIMATE CONTROLLING PARTY

The company was controlled throughout the current and previous period by the directors, by virtue of them holding all of the issued ordinary share capital of the company.