Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-04-01falseNo description of principal activity2318truetrue 04698467 2023-04-01 2024-03-31 04698467 2022-04-01 2023-03-31 04698467 2024-03-31 04698467 2023-03-31 04698467 2022-04-01 04698467 c:Director1 2023-04-01 2024-03-31 04698467 d:Buildings 2023-04-01 2024-03-31 04698467 d:Buildings 2024-03-31 04698467 d:Buildings 2023-03-31 04698467 d:Buildings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04698467 d:Buildings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04698467 d:PlantMachinery 2023-04-01 2024-03-31 04698467 d:PlantMachinery 2024-03-31 04698467 d:PlantMachinery 2023-03-31 04698467 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04698467 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04698467 d:MotorVehicles 2023-04-01 2024-03-31 04698467 d:MotorVehicles 2024-03-31 04698467 d:MotorVehicles 2023-03-31 04698467 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04698467 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04698467 d:FurnitureFittings 2023-04-01 2024-03-31 04698467 d:FurnitureFittings 2024-03-31 04698467 d:FurnitureFittings 2023-03-31 04698467 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04698467 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04698467 d:OfficeEquipment 2023-04-01 2024-03-31 04698467 d:OfficeEquipment 2024-03-31 04698467 d:OfficeEquipment 2023-03-31 04698467 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04698467 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04698467 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 04698467 d:LeasedAssetsHeldAsLessee 2023-04-01 2024-03-31 04698467 d:CurrentFinancialInstruments 2024-03-31 04698467 d:CurrentFinancialInstruments 2023-03-31 04698467 d:Non-currentFinancialInstruments 2024-03-31 04698467 d:Non-currentFinancialInstruments 2023-03-31 04698467 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 04698467 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 04698467 d:Non-currentFinancialInstruments d:AfterOneYear 2024-03-31 04698467 d:Non-currentFinancialInstruments d:AfterOneYear 2023-03-31 04698467 d:ShareCapital 2024-03-31 04698467 d:ShareCapital 2023-03-31 04698467 d:RetainedEarningsAccumulatedLosses 2024-03-31 04698467 d:RetainedEarningsAccumulatedLosses 2023-03-31 04698467 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 04698467 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 04698467 d:RetirementBenefitObligationsDeferredTax 2024-03-31 04698467 d:RetirementBenefitObligationsDeferredTax 2023-03-31 04698467 c:FRS102 2023-04-01 2024-03-31 04698467 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 04698467 c:FullAccounts 2023-04-01 2024-03-31 04698467 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 04698467 d:WithinOneYear 2024-03-31 04698467 d:WithinOneYear 2023-03-31 04698467 d:BetweenOneFiveYears 2024-03-31 04698467 d:BetweenOneFiveYears 2023-03-31 04698467 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2024-03-31 04698467 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-31 04698467 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-03-31 04698467 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-31 04698467 d:LeasedAssetsHeldAsLessee 2024-03-31 04698467 d:LeasedAssetsHeldAsLessee 2023-03-31 04698467 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 04698467










APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
REGISTERED NUMBER: 04698467

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
218,860
227,257

Current assets
  

Debtors: amounts falling due within one year
 5 
516,599
375,255

Cash at bank and in hand
  
75,909
43,563

  
592,508
418,818

Creditors: amounts falling due within one year
 6 
(605,894)
(508,478)

Net current liabilities
  
 
 
(13,386)
 
 
(89,660)

Total assets less current liabilities
  
205,474
137,597

Creditors: amounts falling due after more than one year
 7 
(46,780)
(26,618)

Provisions for liabilities
  

Deferred tax
 8 
(35,641)
(31,102)

Net assets
  
123,053
79,877


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
123,051
79,875

  
123,053
79,877


Page 1

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
REGISTERED NUMBER: 04698467
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.




D R Mills
Director

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

Apollo Distribution Solutions (Sheffield) Limited is a private Company limited by shares, incorporated in England and Wales (registered number: 04698467). Its registered office is 10 East Earsham Street, Sheffield, S4 7PD. The principal activity of the Company throughout the year continued to be that of courier services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, as follows.

The depreciation rates used are:

Freehold property
-
not depreciated
Plant and machinery
-
20% straight line
Motor vehicles
-
25% straight line
Fixtures and fittings
-
10% straight line
Office equipment
-
20% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and Retained Earnings.

 
2.4

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

 
2.5

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of Income and Retained Earnings on a straight line basis over the lease term.

Page 4

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.6

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the Company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the Statement of Income and Retained Earnings so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date in the countries where the Company operates and generates income.


Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax asset is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


3.


Employees

The average monthly number of employees, including directors, during the year was 23 (2023 - 18).

Page 5

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Tangible fixed assets





Freehold property
Plant and machinery
Motor vehicles
Fixtures and fittings
Office equipment
Total

£
£
£
£
£
£



Cost or valuation


At 1 April 2023
6,500
22,742
468,735
18,963
22,850
539,790


Additions
-
-
117,954
-
458
118,412


Disposals
-
(2,495)
(84,773)
-
(749)
(88,017)



At 31 March 2024

6,500
20,247
501,916
18,963
22,559
570,185



Depreciation


At 1 April 2023
-
12,569
259,400
18,963
21,601
312,533


Charge for the year on owned assets
-
3,369
70,694
-
468
74,531


Charge for the year on financed assets
-
-
35,591
-
-
35,591


Disposals
-
(1,497)
(69,084)
-
(749)
(71,330)



At 31 March 2024

-
14,441
296,601
18,963
21,320
351,325



Net book value



At 31 March 2024
6,500
5,806
205,315
-
1,239
218,860



At 31 March 2023
6,500
10,173
209,335
-
1,249
227,257

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
-
10,523

Motor vehicles
145,618
183,198

145,618
193,721

Page 6

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Trade debtors
515,128
374,940

Other debtors
1,471
315

516,599
375,255


Included in trade debtors are factored debts of £491,256.


6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
241,628
170,083

Bank loans
10,000
10,000

Trade creditors
125,820
97,033

Corporation tax
50,415
46,651

Other taxation and social security
74,644
63,315

Hire purchase contracts
59,254
79,956

Other creditors
41,588
38,895

Accruals
2,545
2,545

605,894
508,478


Included within creditors falling due within one year are advances on invoice discounting facilities of £241,628 (2023: £170,083).
The bank overdraft facility and the invoice finance account are secured by a fixed and floating charge over the assets of the Company.


7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
15,000
25,000

Hire purchase contracts
31,780
1,618

46,780
26,618


Page 7

 
APOLLO DISTRIBUTION SOLUTIONS (SHEFFIELD) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

8.


Deferred taxation




2024
2023


£

£






At beginning of year
31,102
32,480


Charged to the Statement of Income and Retained Earnings
4,539
(1,378)



At end of year
35,641
31,102

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
37,672
31,102

Short term timing differences
(2,031)
-

35,641
31,102


9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £43,238 (2023: £42,913). Contributions totalling £5,772 (2023: £nil) were payable to the fund at the Balance Sheet date and are included in creditors.


10.


Commitments under operating leases

At 31 March 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
38,396
-

Later than 1 year and not later than 5 years
107,614
-

146,010
-

 
Page 8