Registered number
12813539
Apollo Capital Group Ltd
Filleted Accounts
31 January 2024
Apollo Capital Group Ltd
Registered number: 12813539
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 272,777 609,238
Investments 4 300,000 -
572,777 609,238
Current assets
Debtors 5 106,574 120,558
Cash at bank and in hand 656,140 713,353
762,714 833,911
Creditors: amounts falling due within one year 6 (680,046) (679,988)
Net current assets 82,668 153,923
Total assets less current liabilities 655,445 763,161
Creditors: amounts falling due after more than one year 7 (250,000) (409,635)
Provisions for liabilities (22,263) (27,936)
Net assets 383,182 325,590
Capital and reserves
Called up share capital 2 2
Profit and loss account 383,180 325,588
Shareholders' funds 383,182 325,590
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.
Andrew King
Director
Approved by the board on 9 October 2024
Apollo Capital Group Ltd
Notes to the Accounts
for the year ended 31 January 2024
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.
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, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Improvements to property 20% on cost
Fixtures and fittings Straight line over 3 years
Motor Vehicles 25% on reducing balance
Computer Equipment Straight line over 3 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 14
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 February 2023 116,457 75,591 544,466 736,514
Additions - 5,238 46,020 51,258
Disposals - - (372,367) (372,367)
At 31 January 2024 116,457 80,829 218,119 415,405
Depreciation
At 1 February 2023 29,799 28,203 69,274 127,276
Charge for the year 25,033 20,668 50,110 95,811
On disposals - - (80,459) (80,459)
At 31 January 2024 54,832 48,871 38,925 142,628
Net book value
At 31 January 2024 61,625 31,958 179,194 272,777
At 31 January 2023 86,658 47,388 475,192 609,238
4 Investments
Other
investments
£
Cost
Additions 469,950
Disposals (169,950)
At 31 January 2024 300,000
5 Debtors 2024 2023
£ £
Trade debtors 55,826 68,090
Other debtors 50,748 52,468
106,574 120,558
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts - 110
Obligations under finance lease and hire purchase contracts 125,000 47,698
Trade creditors 57,676 40,240
Taxation and social security costs 272,389 170,507
Other creditors 224,981 421,433
680,046 679,988
7 Creditors: amounts falling due after one year 2024 2023
£ £
Obligations under finance lease and hire purchase contracts 250,000 409,635
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Andrew King
[Loan 1] 1,834 3,099 (10,008) (5,075)
David Moss
[Loan 1] 2,035 167,935 (171,985) (2,015)
3,869 171,034 (181,993) (7,090)
9 Related party transactions
During the year D Moss took a loan of £165,000. This was repaid within the year with the appropriate interest applied. As at the end of the year, the directors were owed £7,090.40 from the company. (2023 owed £3,869.06 to the company)
10 Controlling party
The directors are the ultimate controlling party by virtue of their shareholding.
11 Other information
Apollo Capital Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
The Lenz
Hornbeam Park
Harrogate
HG2 8RE
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