Company registration number 04660920 (England and Wales)
APOLLO CONSTRUCTION SERVICES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
PAGES FOR FILING WITH REGISTRAR
APOLLO CONSTRUCTION SERVICES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
APOLLO CONSTRUCTION SERVICES LIMITED
BALANCE SHEET
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
142,998
119,322
Current assets
Stocks
74,549
25,853
Debtors
4
167,964
208,433
Cash at bank and in hand
25,691
143,340
268,204
377,626
Creditors: amounts falling due within one year
5
(279,060)
(276,768)
Net current (liabilities)/assets
(10,856)
100,858
Total assets less current liabilities
132,142
220,180
Provisions for liabilities
(16,100)
(8,683)
Net assets
116,042
211,497
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
115,942
211,397
Total equity
116,042
211,497
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 29 July 2024 and are signed on its behalf by:
Mr M K Sheppard
Director
Company registration number 04660920 (England and Wales)
APOLLO CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024
- 2 -
1
Accounting policies
Company information
Apollo Construction Services Limited is a private company limited by shares incorporated in England and Wales. The registered office and trading address is 90-94 Heath Road, Coxheath, Maidstone, Kent, ME17 4EJ.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT. For incomplete contracts, an assessment is made of the extent to which revenue has been earned. This assessment takes into account the nature of the assignment, its stage of completion and relevant contract terms. Unbilled revenue is included in debtors, under 'other debtors', and payments on account in excess of the relevant amount of revenue are included in creditors, under 'other creditors'.
1.3
Tangible fixed assets
Tangible fixed assets are measured at cost, net of depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Leasehold improvements
7-10% Straight line
Fixtures, fittings & equipment
25% Reducing balance or 10% straight line
Computer equipment
25% Reducing balance or 10% straight line
Motor vehicles
25% Reducing balance
1.4
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks include products purchased for specific jobs until the point that a contract is deemed to start which is generally the time that fitting commences.
1.5
Financial instruments
The company has elected to apply the recognition and measurement provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments. Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are measured at transaction price including transaction costs.
APOLLO CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
1
Accounting policies
(Continued)
- 3 -
Basic financial liabilities
Basic financial liabilities, including creditors are recognised at transaction price.
1.6
Taxation
The tax expense represents the sum of the tax currently payable or receivable and deferred tax.
Current tax
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
1.7
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
13
13
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 June 2023
131,902
128,909
260,811
Additions
41,795
41,795
At 31 May 2024
131,902
170,704
302,606
Depreciation and impairment
At 1 June 2023
37,428
104,061
141,489
Depreciation charged in the year
11,025
7,094
18,119
At 31 May 2024
48,453
111,155
159,608
Carrying amount
At 31 May 2024
83,449
59,549
142,998
At 31 May 2023
94,474
24,848
119,322
APOLLO CONSTRUCTION SERVICES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2024
- 4 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
5,019
5,314
Amounts owed by group undertakings
154,054
194,454
Other debtors
8,891
8,665
167,964
208,433
The amount owed by group undertakings relates to the parent company, Apollo Trade Windows Limited, and it is not expected that this amount will be repaid within 12 months.
5
Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
49,140
21,223
Taxation and social security
39,381
66,010
Other creditors
190,539
189,535
279,060
276,768
6
Operating lease commitments
At the reporting end date the company had outstanding commitments for future minimum lease payments under non-cancellable operating leases, as follows:
2024
2023
£
£
99,850
139,450
The above operating lease commitments represent the total amounts payable in relation to the leasehold property occupied by the company which covers the period to 2027. This property is owned by the parent company, Apollo Trade Windows Limited.
7
Financial commitments, guarantees and contingent liabilities
HSBC Bank PLC hold fixed and floating charges over all the present and future assets of the company.