Caseware UK (AP4) 2024.0.164 2024.0.164 2024-11-302024-11-30true292023-12-0119truefalsetruefalsefalseNo principle activity 06697384 2023-12-01 2024-11-30 06697384 2022-12-01 2023-11-30 06697384 2024-11-30 06697384 2023-11-30 06697384 2022-12-01 06697384 c:CompanySecretary1 2023-12-01 2024-11-30 06697384 c:Director1 2023-12-01 2024-11-30 06697384 c:Director2 2023-12-01 2024-11-30 06697384 c:Director3 2023-12-01 2024-11-30 06697384 c:Director3 2024-11-30 06697384 c:Director4 2023-12-01 2024-11-30 06697384 c:Director4 2024-11-30 06697384 c:Director5 2023-12-01 2024-11-30 06697384 c:Director5 2024-11-30 06697384 c:RegisteredOffice 2023-12-01 2024-11-30 06697384 d:Buildings 2023-12-01 2024-11-30 06697384 d:Buildings 2024-11-30 06697384 d:Buildings 2023-11-30 06697384 d:Buildings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06697384 d:Buildings d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06697384 d:PlantMachinery 2023-12-01 2024-11-30 06697384 d:PlantMachinery 2024-11-30 06697384 d:PlantMachinery 2023-11-30 06697384 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06697384 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06697384 d:MotorVehicles 2023-12-01 2024-11-30 06697384 d:MotorVehicles 2024-11-30 06697384 d:MotorVehicles 2023-11-30 06697384 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06697384 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06697384 d:FurnitureFittings 2023-12-01 2024-11-30 06697384 d:FurnitureFittings 2024-11-30 06697384 d:FurnitureFittings 2023-11-30 06697384 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06697384 d:FurnitureFittings d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06697384 d:OfficeEquipment 2023-12-01 2024-11-30 06697384 d:OfficeEquipment 2024-11-30 06697384 d:OfficeEquipment 2023-11-30 06697384 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06697384 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06697384 d:OwnedOrFreeholdAssets 2023-12-01 2024-11-30 06697384 d:LeasedAssetsHeldAsLessee 2023-12-01 2024-11-30 06697384 d:CurrentFinancialInstruments 2024-11-30 06697384 d:CurrentFinancialInstruments 2023-11-30 06697384 d:Non-currentFinancialInstruments 2024-11-30 06697384 d:Non-currentFinancialInstruments 2023-11-30 06697384 d:CurrentFinancialInstruments d:WithinOneYear 2024-11-30 06697384 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 06697384 d:Non-currentFinancialInstruments d:AfterOneYear 2024-11-30 06697384 d:Non-currentFinancialInstruments d:AfterOneYear 2023-11-30 06697384 e:UnitedKingdom 2023-12-01 2024-11-30 06697384 e:UnitedKingdom 2022-12-01 2023-11-30 06697384 d:UKTax 2023-12-01 2024-11-30 06697384 d:UKTax 2022-12-01 2023-11-30 06697384 d:ShareCapital 2024-11-30 06697384 d:ShareCapital 2023-11-30 06697384 d:ShareCapital 2022-12-01 06697384 d:RetainedEarningsAccumulatedLosses 2023-12-01 2024-11-30 06697384 d:RetainedEarningsAccumulatedLosses 2024-11-30 06697384 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 06697384 d:RetainedEarningsAccumulatedLosses 2023-11-30 06697384 d:RetainedEarningsAccumulatedLosses 2022-12-01 06697384 d:AcceleratedTaxDepreciationDeferredTax 2024-11-30 06697384 d:AcceleratedTaxDepreciationDeferredTax 2023-11-30 06697384 c:OrdinaryShareClass1 2023-12-01 2024-11-30 06697384 c:OrdinaryShareClass1 2024-11-30 06697384 c:OrdinaryShareClass1 2023-11-30 06697384 c:OrdinaryShareClass2 2023-12-01 2024-11-30 06697384 c:OrdinaryShareClass2 2024-11-30 06697384 c:OrdinaryShareClass2 2023-11-30 06697384 c:FRS102 2023-12-01 2024-11-30 06697384 c:Audited 2023-12-01 2024-11-30 06697384 c:FullAccounts 2023-12-01 2024-11-30 06697384 c:PrivateLimitedCompanyLtd 2023-12-01 2024-11-30 06697384 d:Subsidiary1 2023-12-01 2024-11-30 06697384 d:Subsidiary1 1 2023-12-01 2024-11-30 06697384 d:HirePurchaseContracts d:WithinOneYear 2024-11-30 06697384 d:HirePurchaseContracts d:WithinOneYear 2023-11-30 06697384 d:HirePurchaseContracts d:BetweenOneFiveYears 2024-11-30 06697384 d:HirePurchaseContracts d:BetweenOneFiveYears 2023-11-30 06697384 2 2023-12-01 2024-11-30 06697384 6 2023-12-01 2024-11-30 06697384 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-11-30 06697384 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-11-30 06697384 d:LeasedAssetsHeldAsLessee 2024-11-30 06697384 d:LeasedAssetsHeldAsLessee 2023-11-30 06697384 f:PoundSterling 2023-12-01 2024-11-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 06697384









APOLLO BUILDING SERVICES LIMITED









ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2024

 
APOLLO BUILDING SERVICES LIMITED
 
 
COMPANY INFORMATION


Directors
K Butcher 
A G Wildgoose 
I Cottle 
M Neacsu 
S Gander 




Company secretary
A G Wildgoose



Registered number
06697384



Registered office
Collingwood House
Schooner Court

Crossways

Dartford

Kent

DA2 6QQ




Independent auditors
Barnes Roffe Audit Limited
Chartered Accountants & Statutory Auditor

Charles Lake House

Claire Causeway

Crossways Business Park

Dartford

Kent

DA2 6QA





 
APOLLO BUILDING SERVICES LIMITED
 

CONTENTS



Page
Strategic report
 
1 - 2
Directors' report
 
3 - 4
Independent auditors' report
 
5 - 8
Statement of comprehensive income
 
9
Balance sheet
 
10
Statement of changes in equity
 
11
Notes to the financial statements
 
12 - 28


 
APOLLO BUILDING SERVICES LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024

Introduction
 
The directors present their strategic report accompanying the financial statements for the year ended 30 November 2024.

Business review
 
The company has seen positive growth during the year. Our annual turnover has increased from £22.4m to £27m accompanied by a pre-tax profit of more than £729,000.
During the year we have taken the opportunity to review our costs across the business, making improvements and finding efficiencies to ensure that we remain competitive and agile in our sector.
Despite the challenges faced industry wide, we continue to be selective regarding the correct opportunities for the business and are maintaining our excellent working relationships with clients leading to further repeat business.
As a company we have secured a strong pipeline of secured work both currently live on site and scheduled to commence, we maintain our position on a variety of manufacturers approved lists and continue to actively seek further targeted tendered and negotiated contracts.
As part of our future plan, we have appointed three new Directors from within the business.
We continue to value our staff our greatest asset and continue to invest heavily in staff training and development which ensures low levels of staff turnover. 
 

Principal risks and uncertainties
 
The business has identified a number of risks which are being closely monitored by the board, primarily:
Securing of Future Contracts:
As per previous years, it is important to ensure the opportunities are correct for the business requirements and only entered into when risks have been fully evaluated, and on agreeable terms by all.
Escalating Costs:
Due to the uncertainty in the world environment, materials and labour are continuously subject to change. Whilst we have seen a stabilisation of these costs in recent months, this has to be closely monitored, especially in respect of fixed cost contracts and the long durations of higher value contracts.
Sub-Contractor / Supply Chain:
We continue to monitor our competitors, and wider construction organisations who have suffered financial losses and business failure, which has a wider impact on the industry and supply chain.

Financial key performance indicators
 
Key Performance Indicators are monitored closely by the board including, Turnover, Gross Profit and Overhead costs with monthly management accounts analysed and discussed.
The board remain confident that close monitoring of the management accounts will enable us to further enhance our profitability and grow the business

Page 1

 
APOLLO BUILDING SERVICES LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024

Other key performance indicators
 
No other key performance indicators are used.


This report was approved by the board and signed on its behalf.



A G Wildgoose
Director

Date: 21 August 2025

Page 2

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 NOVEMBER 2024

The directors present their report and the financial statements for the year ended 30 November 2024.

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report and the financial statements in accordance with applicable law and regulations.
 
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The profit for the year, after taxation, amounted to £492,992 (2023 - £1,111,071).

Dividends of £222,660 have been declared and paid during the year (2023 - £298,782).

Directors

The directors who served during the year were:

K Butcher 
A G Wildgoose 
I Cottle (appointed 12 February 2024)
M Neacsu (appointed 12 February 2024)
S Gander (appointed 12 February 2024)

Future developments

The directors are always looking to improve the profitability of the company. They are looking to identifying niche
markets that the company can add to the existing profile to enhance the services they provide to their customers.

Page 3

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 NOVEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the company since the year end.

Auditors

After the year end Barnes Roffe LLP resigned as auditors due to the transfer of its audit business and its successor Barnes Roffe Audit Limited was appointed by the directors under s485 Companies Act 2006. 

This report was approved by the board and signed on its behalf.
 





A G Wildgoose
Director

Date: 21 August 2025

Page 4

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APOLLO BUILDING SERVICES LIMITED
 

Opinion


We have audited the financial statements of Apollo Building Services Limited (the 'company') for the year ended 30 November 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).


In our opinion the financial statements:


give a true and fair view of the state of the company's affairs as at 30 November 2024 and of its profit for the year then ended;
have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
have been prepared in accordance with the requirements of the Companies Act 2006.


Basis for opinion


We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.


Conclusions relating to going concern


In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.


Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.


Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.


Page 5

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APOLLO BUILDING SERVICES LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.


We have nothing to report in this regard.


Opinion on other matters prescribed by the Companies Act 2006
 

In our opinion, based on the work undertaken in the course of the audit:


the information given in the Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report have been prepared in accordance with applicable legal requirements.


Matters on which we are required to report by exception
 

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the financial statements are not in agreement with the accounting records and returns; or
certain disclosures of directors' remuneration specified by law are not made; or
we have not received all the information and explanations we require for our audit.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.


In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.


Page 6

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APOLLO BUILDING SERVICES LIMITED (CONTINUED)


Auditors' responsibilities for the audit of the financial statements
 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

•  The engagement partner ensured that the engagement team collectively had the appropriate competence,  capabilities and skills to identify or recognise non-compliance with applicable laws and regulations;
•  We identified the laws and regulations applicable to the company through discussion with directors and    other management, and from our commercial knowledge and experience of the construction sector in    which the company operates;
•  We focused on specific laws and regulations which we considered may have a direct material effect on    the financial statements or the operations of the company, including tax legislation, health and safety and   employment legislation, FRS 102 and the Companies Act 2006;
•  We assessed the extent of compliance with the laws and regulations identified above through making    enquiries of management, reviewing board minutes, relevant correspondence and certificates held; and
•  Laws and regulations were communicated within the audit team at the planning meeting, and during the    audit if any further laws and regulations were identified. The audit team remained alert to instances of non   compliance throughout the audit. 
We assessed the susceptibility of the company’s financial statements to material misstatement, including obtaining an understanding of how fraud might occur by: 
•  Making enquires of management and the board as to where they consider there was susceptibility to fraud  along with their knowledge of actual, suspected and alleged fraud; 
•  Considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and    regulations; and
•  Our review of financial statements and testing the disclosures against supporting documentation. 
To address the risk of fraud through management bias and override of controls we:
•  Performed analytical procedures to identify any unusual or unexpected trends or anomalies;
•  Inspected and reviewed journal entries to identify unusual or unexpected transactions;
•  Assessed whether judgement and assumptions made in determining significant accounting estimates,    including amounts recoverable on long term contracts and work in progress  were indicative of                                                                                                                                                                                                                                                  management bias; and
•  Investigated the rationale behind significant transactions, or transactions that are unusual or outside the    company’s usual course of business. 
 
Page 7

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF APOLLO BUILDING SERVICES LIMITED (CONTINUED)



Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation.  This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.


A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' report.


Use of our report
 

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in an Auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members, as a body, for our audit work, for this report, or for the opinions we have formed.





Ben Bradley (Senior statutory auditor)
for and on behalf of
Barnes Roffe Audit Limited
Chartered Accountants
Statutory Auditor
Charles Lake House
Claire Causeway
Crossways Business Park
Dartford
Kent
DA2 6QA

28 August 2025
Page 8

 
APOLLO BUILDING SERVICES LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 NOVEMBER 2024

2024
2023
Note
£
£

  

Turnover
 4 
27,036,368
22,391,574

Cost of sales
  
(24,031,118)
(19,757,736)

Gross profit
  
3,005,250
2,633,838

Administrative expenses
  
(2,291,057)
(1,186,240)

Operating profit
  
714,193
1,447,598

Amounts written off investments
  
(51)
-

Interest receivable and similar income
  
31,532
4,354

Interest payable and similar expenses
  
(15,929)
(3,509)

Profit before tax
  
729,745
1,448,443

Tax on profit
 11 
(236,753)
(337,372)

Profit for the financial year
  
492,992
1,111,071

There were no recognised gains and losses for 2024 or 2023 other than those included in the statement of comprehensive income.

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 12 to 28 form part of these financial statements.

Page 9

 
APOLLO BUILDING SERVICES LIMITED
REGISTERED NUMBER: 06697384

BALANCE SHEET
AS AT 30 NOVEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 13 
348,348
226,316

Investments
 14 
85,000
85,051

  
433,348
311,367

Current assets
  

Debtors: amounts falling due after more than one year
 15 
150,000
150,000

Debtors: amounts falling due within one year
 15 
5,633,758
5,540,648

Cash at bank and in hand
 16 
1,807,288
1,109,851

  
7,591,046
6,800,499

Creditors: amounts falling due within one year
 17 
(5,238,874)
(4,672,553)

Net current assets
  
 
 
2,352,172
 
 
2,127,946

Total assets less current liabilities
  
2,785,520
2,439,313

Creditors: amounts falling due after more than one year
 18 
(50,597)
(5,583)

Provisions for liabilities
  

Deferred tax
  
(61,708)
(30,847)

Net assets
  
2,673,215
2,402,883


Capital and reserves
  

Called up share capital 
 21 
100
100

Profit and loss account
  
2,673,115
2,402,783

  
2,673,215
2,402,883


The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




A G Wildgoose
Director

Date: 21 August 2025

Page 10

 
APOLLO BUILDING SERVICES LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2023
100
2,402,783
2,402,883



Profit for the year
-
492,992
492,992

Dividends: Equity capital
-
(222,660)
(222,660)


At 30 November 2024
100
2,673,115
2,673,215



STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£

At 1 December 2022
100
1,590,494
1,590,594



Profit for the year
-
1,111,071
1,111,071

Dividends: Equity capital
-
(298,782)
(298,782)


At 30 November 2023
100
2,402,783
2,402,883


The notes on pages 12 to 28 form part of these financial statements.

Page 11

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

1.


General information

Apollo Building Services Limited is a private company limited by shares, incorporated in England and Wales in the United Kingdom. The address of the registered office is Collingwood House, Schooner Court, Crossways, Dartford, Kent, DA2 6QQ.
The principal activity of the company is medical installation contractors.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Exemption from preparing consolidated financial statements

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Ralph24 Limited as at 30 November 2024 and these financial statements may be obtained from Collingwood House, Schooner Court, Crossways, Dartford, Kent DA2 6QQ.

 
2.3

Exemption from preparing consolidated financial statements

The company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of a state other than the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 401 of the Companies Act 2006.

 
2.4

Going concern

The directors have concluded that there are no significant uncertainties that would impact the company’s going concern status for the next 12 months. These financial statements have therefore been prepared on a going concern basis.

Page 12

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.5

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 on property and civil engineering contracts
Revenue from a contract to provide property and civil engineering 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.
Retentions are recognised in revenue in line with the stage of completion.

 
2.6

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

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 profit or loss 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.

Page 13

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income 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 assets 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.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


 
2.11

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, on following bases.


Freehold property
-
2%
Straight line
Plant and machinery
-
25%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Fixtures and fittings
-
25%
Reducing balance
Office equipment
-
25%
Reducing balance

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 profit or loss.

Page 14

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.12

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.13

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

  
2.14

Long term contracts

Amounts recoverable on long-term contracts, which are included in debtors, are stated at net sales value of work done after provisions for contingencies and anticipated future losses on contacts, less amounts received as progress payments on account. Where such amounts have been received and exceed amounts recovered, the net amounts are included in creditors as payments on account.

 
2.15

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.16

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.17

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

Page 15

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

2.Accounting policies (continued)

 
2.18

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.19

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Page 16

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The company makes estimates and assumptions concerning the future. Management are also required to exercise judgement in the process of applying the company’s accounting policies. Estimates and judgements are continually evaluated and are based on historical experience and other factors including expectations of future events that are believed to be reasonable under the circumstances.
The estimates and assumptions that have significant risk of causing a material adjustment to the carrying amounts of assets and liabilities are addressed below.
The following are the company’s key source of estimation uncertainty:
Depreciation and residual values
The directors have reviewed the asset lives and associated residual values of all fixed assets classes and have concluded the asset lives and residual values are appropriate.
The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovations, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and project disposal values.
Recoverability of Trade Debtors
Trade and other debtors are recognised to the extent that they are judged recoverable. Provisions are made specifically against invoices where recoverability is uncertain.
Management makes allowances for doubtful debts on an assessment of the recoverability of debtors.          
Amounts recoverable on long term contracts
The company uses qualified third party quantity surveyors to value projects and calculate the amount that the company bill the client. If management disagree with the valuation from the surveyors, the valuation will be challenged and the client is only billed when the valuation has been agreed.
All income and costs recorded on the surveyor's valuation which are not yet invoiced at the year end are provided for by means of an accrual.
The directors are required to make an assessment with regard to the future costs the company is likely to incur so as to fulfil its obligation under contracts, including remedial work necessary to guarantee the release of retention balances. Only specific provisions against contracts where such a provision is required or where specific remedial work is required are recognised. No general provisions are recognised.  

Page 17

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

4.


Turnover

Analysis of turnover by country of destination:

2024
2023
£
£

United Kingdom
27,036,368
22,391,574

27,036,368
22,391,574


All turnover arose within the United Kingdom.


5.


Operating profit

The operating profit is stated after charging:

2024
2023
£
£

Other operating lease rentals
24,105
36,813


6.


Auditors' remuneration

During the year, the company obtained the following services from the company's auditors:


2024
2023
£
£

Fees payable to the company's auditors for the audit of the company's financial statements
7,950
-

The company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent company.

Page 18

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

7.


Employees

Staff costs, including directors' remuneration, were as follows:


2024
2023
£
£

Wages and salaries
1,523,547
922,126

Social security costs
171,736
105,189

Cost of defined contribution scheme
39,779
23,253

1,735,062
1,050,568


The average monthly number of employees, including the directors, during the year was as follows:


        2024
        2023
            No.
            No.







Management
15
12



Production
5
2



Admin
9
5

29
19


8.


Directors' remuneration

2024
2023
£
£

Directors' emoluments
233,969
9,492

Company contributions to defined contribution pension schemes
8,976
-

242,945
9,492


During the year retirement benefits were accruing to 3 directors (2023 - NIL) in respect of defined contribution pension schemes.

The highest paid director received remuneration of £87,874 (2023 - £9,492).

The value of the company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £NIL (2023 - £NIL).

Page 19

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

9.


Interest receivable

2024
2023
£
£


Other interest receivable
31,532
4,354

31,532
4,354


10.


Interest payable and similar expenses

2024
2023
£
£


Bank interest payable
-
1,814

Other loan interest payable
-
1,695

Finance leases and hire purchase contracts
5,540
-

Other interest payable
10,389
-

15,929
3,509


11.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
204,730
317,889

Adjustments in respect of previous periods
1,162
859


Total current tax
205,892
318,748

Deferred tax


Origination and reversal of timing differences
30,861
18,624


236,753
337,372

Factors affecting tax charge for the year

There were no factors that affected the tax charge for the year which has been calculated on the profits on ordinary activities before tax at the standard rate of corporation tax in the UK of  25% (2023 - 25%).



Factors that may affect future tax charges

There were no factors that may affect future tax charges.

Page 20

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

12.


Dividends

2024
2023
£
£

Ordinary A


Dividends
-
102,302

Ordinary B


Dividends
222,660
196,480

222,660
298,782

Page 21

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

13.


Tangible fixed assets





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

£
£
£
£
£



Cost or valuation


At 1 December 2023
106,153
8,594
164,024
7,944
53,288


Additions
-
-
196,392
-
2,670


Disposals
-
(8,594)
(16,912)
(7,944)
(4,172)



At 30 November 2024

106,153
-
343,504
-
51,786



Depreciation


At 1 December 2023
14,861
8,380
66,435
7,779
16,232


Charge for the year on owned assets
2,123
40
19,057
31
9,649


Charge for the year on financed assets
-
-
43,842
-
-


Disposals
-
(8,420)
(14,984)
(7,810)
(4,120)



At 30 November 2024

16,984
-
114,350
-
21,761



Net book value



At 30 November 2024
89,169
-
229,154
-
30,025



At 30 November 2023
91,292
214
97,589
165
37,056
Page 22

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

           13.Tangible fixed assets (continued)


Total

£



Cost or valuation


At 1 December 2023
340,003


Additions
199,062


Disposals
(37,622)



At 30 November 2024

501,443



Depreciation


At 1 December 2023
113,687


Charge for the year on owned assets
30,900


Charge for the year on financed assets
43,842


Disposals
(35,334)



At 30 November 2024

153,095



Net book value



At 30 November 2024
348,348



At 30 November 2023
226,316

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


2024
2023
£
£



Motor vehicles
187,731
36,181

187,731
36,181

Page 23

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

14.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 December 2023
85,051


Disposals
(51)



At 30 November 2024
85,000





Subsidiary undertaking


The following was a subsidiary undertaking of the company:

Name

Registered office

Principal activity

Class of shares

Holding

Datum Design and Build Limited
Unit 4c, Austin Park, Yeoman Road, Ringwood, United Kingdom, BH24 3FA
Mechanical and electrical building services.
B Shares
 51%

Page 24

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

15.


Debtors

2024
2023
£
£

Due after more than one year

Amounts owed by group undertakings
-
150,000

Other debtors
150,000
-

150,000
150,000


2024
2023
£
£

Due within one year

Trade debtors
3,776,339
3,534,775

Amounts owed by group undertakings
20,577
-

Other debtors
367
70,870

Amounts recoverable on long-term contracts
1,836,475
1,935,003

5,633,758
5,540,648



16.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
1,807,288
1,109,851

1,807,288
1,109,851


Page 25

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

17.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
2,360,957
2,495,827

Amounts owed to group undertakings
203,150
356,053

Corporation tax
31,873
319,553

Other taxation and social security
670,033
361,760

Obligations under finance lease and hire purchase contracts
45,635
9,738

Other creditors
7,188
6,966

Accruals and deferred income
1,920,038
1,122,656

5,238,874
4,672,553



18.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
50,597
5,583

50,597
5,583



19.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
45,635
9,738

Between 1-5 years
50,597
5,583

96,232
15,321

Net obligations under finance leases and hire purchase contracts are secured on the assets to which they relate.

Page 26

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

20.


Deferred taxation




2024
2023


£

£






At beginning of year
(30,847)
(12,223)


Charged to profit or loss
(30,861)
(18,624)



At end of year
(61,708)
(30,847)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(61,708)
(30,847)

(61,708)
(30,847)


21.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



51 (2023 - 51) Ordinary A shares of £1.00 each
51
51
49 (2023 - 49) Ordinary B shares of £1.00 each
49
49

100

100



22.


Pension commitments

The Company operates two defined contribution pension schemes. 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 £39,779 (2023 - £23,253). At year end, £7,188 (2023 - £5,060) was payable to the fund and is included in other creditors.


23.


Commitments under operating leases

The company had no commitments under non-cancellable operating leases at the balance sheet date.

Page 27

 
APOLLO BUILDING SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2024

24.


Related party transactions

The company was part of the group headed by Coniston Dartford Limited that included Coniston Limited. However, on 31 October 2024 the company demerged from the Coniston group, but Coniston Limited  is still considered a related party. Trading with this entity has resulted in transactions undertaken and balances outstanding at the year end as follows:
- Purchases £26,264 (2023 - £Nil)
- Management fee expenses £516,404 (2023 - £400,000)
- Amounts owed from Coniston Limited as at the balance sheet date £20,577 (2023 - Creditor of £3,748)
Datum Design and Build Limited is a subsidiary of the company. Trading with this entity has resulted in transactions undertaken and balances outstanding at the year end as follows:
- Sales £2,885,787 (2023 - £589,389)
- Amounts owed to Datum Design and Build Limited as at the balance sheet date  £203,150 (2023 - £352,254)
- Accruals £Nil (2023 - £60,000)
 


25.


Controlling party

The ultimate parent company following a group restructure is Ralph24 Ltd. Ralph24 Ltd produces consolidated financial statements incorporating the results of Apollo Buildings Services Limited which can
be obtained from the registered office address, Collingwood House, Schooner Court, Crossways, Dartford, Kent, DA2 6QQ.
The ultimate controlling party is Mr J P Rathbone through a majority shareholding.

 
Page 28