REGISTERED NUMBER: 11578256 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 November 2024

for

Apollo Foam Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P A Blewitt

D R Potter

N A Smith

SECRETARIES:

Mrs L Smith

Mrs S Potter

REGISTERED OFFICE:

Unit 3

Britannia Park

Trident Drive

Wednesbury

West Midlands

WS10 7XB

REGISTERED NUMBER:

11578256 (England and Wales)

ACCOUNTANTS:

Lester Accounting Ltd

Chartered Certified Accountants

84 Wellington Drive

Cannock

Staffordshire

WS11 1PX

FIXED ASSETS

Tangible assets

4

202,296

137,050

CURRENT ASSETS

Stocks

219,745

206,193

Debtors

5

762,598

632,884

Cash at bank and in hand

713,228

689,231

1,695,571

1,528,308

CREDITORS

Amounts falling due within one year

6

1,010,589

820,665

NET CURRENT ASSETS

684,982

707,643

TOTAL ASSETS LESS CURRENT LIABILITIES

887,278

844,693

CREDITORS

Amounts falling due after more than one year

7

(6,880

)

(59,254

)

PROVISIONS FOR LIABILITIES

(49,419

)

(33,033

)

NET ASSETS

830,979

752,406

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

830,969

752,396

830,979

752,406

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

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

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 4 April 2025 and were signed on its behalf by:

N A Smith - Director

D R Potter - Director

P A Blewitt - Director

1.	STATUTORY INFORMATION

Apollo Foam 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

10% straight line

Plant and machinery etc

-

25% straight line, 25% on reducing balance and 20% straight line

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2023 - 14 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 December 2023

5,399

311,851

317,250

Additions

-

98,599

98,599

At 30 November 2024

5,399

410,450

415,849

DEPRECIATION

At 1 December 2023

1,170

179,030

180,200

Charge for year

540

32,813

33,353

At 30 November 2024

1,710

211,843

213,553

NET BOOK VALUE

At 30 November 2024

3,689

198,607

202,296

At 30 November 2023

4,229

132,821

137,050

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade debtors

704,707

580,194

Other debtors

57,891

52,690

762,598

632,884

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.11.24

30.11.23

£

£

Trade creditors

670,156

578,587

Taxation and social security

269,627

231,572

Other creditors

70,806

10,506

1,010,589

820,665

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.11.24

30.11.23

£

£

Other creditors

6,880

59,254

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in creditors due after more than one year are amounts due to NA Smith of £2,908 (2023 £25,714) and DR Potter of £3,972 (2023 £33,540).