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APOLLO AUTO CENTRE LTD

Registered Number
08482368
(England and Wales)

Unaudited Financial Statements for the Year ended
31 July 2024

APOLLO AUTO CENTRE LTD
Company Information
for the year from 1 August 2023 to 31 July 2024

Directors

ELSDON, Richard John
TERRY, David John

Registered Address

Apollo
Lichfield Road Industrial Estate
Tamworth
B79 7TA

Registered Number

08482368 (England and Wales)
APOLLO AUTO CENTRE LTD
Balance Sheet as at
31 July 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets4979,252906,524
979,252906,524
Current assets
Stocks523,23322,929
Debtors65,22344,054
Cash at bank and on hand976,225766,355
1,064,681833,338
Creditors amounts falling due within one year6(194,384)(153,037)
Net current assets (liabilities)870,297680,301
Total assets less current liabilities1,849,5491,586,825
Creditors amounts falling due after one year7(18,333)(28,333)
Net assets1,831,2161,558,492
Capital and reserves
Called up share capital22
Profit and loss account1,831,2141,558,490
Shareholders' funds1,831,2161,558,492
The financial statements were approved and authorised for issue by the Board of Directors on 29 April 2025, and are signed on its behalf by:
ELSDON, Richard John
Director
TERRY, David John
Director

Registered Company No. 08482368
APOLLO AUTO CENTRE LTD
Notes to the Financial Statements
for the year ended 31 July 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
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.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery25
Vehicles25
Office Equipment25
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year55
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 August 23300,000300,000
At 31 July 24300,000300,000
Amortisation and impairment
At 01 August 23300,000300,000
At 31 July 24300,000300,000
Net book value
At 31 July 24--
At 31 July 23--
4.Tangible fixed assets

Land & buildings

Plant & machinery

Vehicles

Office Equipment

Total

£££££
Cost or valuation
At 01 August 23847,91150,69195,7539,6871,004,042
Additions83,304---83,304
At 31 July 24931,21550,69195,7539,6871,087,346
Depreciation and impairment
At 01 August 23-40,23849,2118,06997,518
Charge for year-1,9368,29035010,576
At 31 July 24-42,17457,5018,419108,094
Net book value
At 31 July 24931,2158,51738,2521,268979,252
At 31 July 23847,91110,45346,5421,618906,524
5.Stocks

2024

2023

££
Other stocks23,23322,929
Total23,23322,929
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables51,18448,306
Taxation and social security114,926101,836
Accrued liabilities and deferred income28,2742,895
Total194,384153,037
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.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts18,33328,333
Total18,33328,333