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REGISTERED NUMBER: 06644155 (England and Wales)















APOLLO APPLIANCES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024






APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


APOLLO APPLIANCES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTOR: Mrs E A Broadley





REGISTERED OFFICE: Unit 3,
Callywhite Lane
Dronfield
Derbyshire
S18 2XP





REGISTERED NUMBER: 06644155 (England and Wales)





ACCOUNTANTS: Duncan Chartered Accountants
5 Cherrytree
Union Road
Sheffield
South Yorkshire
S11 9EF

APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

BALANCE SHEET
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 16,320 20,400
Tangible assets 5 11,804 21,074
28,124 41,474

CURRENT ASSETS
Stocks 350,625 331,000
Debtors 6 77,327 82,595
Cash at bank and in hand 210,801 142,553
638,753 556,148
CREDITORS
Amounts falling due within one year 7 308,975 340,353
NET CURRENT ASSETS 329,778 215,795
TOTAL ASSETS LESS CURRENT
LIABILITIES

357,902

257,269

CREDITORS
Amounts falling due after more than one
year

8

(6,160

)

(16,514

)

PROVISIONS FOR LIABILITIES (2,950 ) (4,850 )
NET ASSETS 348,792 235,905

CAPITAL AND RESERVES
Called up share capital 11 150 150
Capital redemption reserve 50 50
Retained earnings 348,592 235,705
SHAREHOLDERS' FUNDS 348,792 235,905

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

BALANCE SHEET - continued
31 OCTOBER 2024


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 director and authorised for issue on 14 May 2025 and were signed by:





Mrs E A Broadley - Director


APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024


1. STATUTORY INFORMATION

Apollo Appliances Ltd 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 and value added tax.

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of twenty years.

The carrying value and remaining useful life is reviewed annually by the director.

Website costs
The set up costs of the website were capitalised and amortised over three years. The ongoing support, licence and hosting costs are being treated as revenue expenditure.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 25% on reducing balance and Straight line over the life of the lease
Fixtures and fittings - 33% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.


APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


2. ACCOUNTING POLICIES - continued
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 11 (2023 - 11 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
Goodwill assets Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 81,600 6,435 88,035
AMORTISATION
At 1 November 2023 61,200 6,435 67,635
Charge for year 4,080 - 4,080
At 31 October 2024 65,280 6,435 71,715
NET BOOK VALUE
At 31 October 2024 16,320 - 16,320
At 31 October 2023 20,400 - 20,400

APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


5. TANGIBLE FIXED ASSETS
Fixtures
Short and Motor Computer
leasehold fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 November 2023 43,072 8,802 45,375 21,972 119,221
Additions - - - 315 315
Disposals - - (14,600 ) - (14,600 )
At 31 October 2024 43,072 8,802 30,775 22,287 104,936
DEPRECIATION
At 1 November 2023 42,165 2,934 34,321 18,727 98,147
Charge for year 227 2,934 2,588 3,134 8,883
Eliminated on disposal - - (13,898 ) - (13,898 )
At 31 October 2024 42,392 5,868 23,011 21,861 93,132
NET BOOK VALUE
At 31 October 2024 680 2,934 7,764 426 11,804
At 31 October 2023 907 5,868 11,054 3,245 21,074

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 12,400 11,548
Other debtors 64,927 71,047
77,327 82,595

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,354 30,293
Trade creditors 137,593 156,386
Taxation and social security 43,914 30,867
VAT 15,635 19,423
Other creditors 62,405 42,427
Directors' current accounts 39,074 60,957
308,975 340,353

APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 6,160 10,354
Bank loans - 2-5 years - 6,160
6,160 16,514

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.10.24 31.10.23
£    £   
Within one year 53,333 -
Between one and five years 260,000 -
313,333 -

10. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Bank loan - 20,195

The director has given personal guarantees to cover the overdraft facility up to £50,000, and payment of the rent per the lease.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
200 A ORDINARY 1.00 150 150

APOLLO APPLIANCES LTD (REGISTERED NUMBER: 06644155)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024


12. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 October 2024 and 31 October 2023:

31.10.24 31.10.23
£    £   
N Smith
Balance outstanding at start of year - 54,747
Amounts repaid - (54,747 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest was charged on the advance at a variable commercial rate linked to the bank base rate.