Apollo Trading Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02905610

Apollo Trading Limited

Filleted Unaudited Financial Statements

31 December 2024

Apollo Trading Limited

Financial Statements

Year ended 31 December 2024

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Apollo Trading Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	5		21,441	29,504

Current assets

Stocks		2,100	2,100
Debtors	6	55,074	51,441
Cash at bank and in hand		168,346	215,937
		---------	---------
		225,520	269,478

Creditors: amounts falling due within one year	7	49,202		80,295
		---------		---------
Net current assets			176,318	189,183
			---------	---------
Total assets less current liabilities			197,759	218,687

Provisions

Taxation including deferred tax	4,532	5,868
	---------	---------
Net assets	193,227	212,819
	---------	---------

Capital and reserves

Called up share capital	103	103
Profit and loss account	193,124	212,716
	---------	---------
Shareholders funds	193,227	212,819
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- 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 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Apollo Trading Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 5 September 2025 , and are signed on behalf of the board by:

A I Coleman
Director

Company registration number: 02905610

Apollo Trading Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 New Dover Road, Canterbury, Kent, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, and; are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Freehold property	-	10% straight line
Fixtures and fittings	-	25% reducing balance
Motor vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Impairment policy

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.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).

5. Tangible assets

	Freehold property	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 January 2024	27,151	20,419	54,130	3,607	105,307
Additions	–	–	–	695	695
	--------	--------	--------	-------	---------
At 31 December 2024	27,151	20,419	54,130	4,302	106,002
	--------	--------	--------	-------	---------
Depreciation
At 1 January 2024	21,120	18,833	33,922	1,928	75,803
Charge for the year	2,715	397	5,052	594	8,758
	--------	--------	--------	-------	---------
At 31 December 2024	23,835	19,230	38,974	2,522	84,561
	--------	--------	--------	-------	---------
Carrying amount
At 31 December 2024	3,316	1,189	15,156	1,780	21,441
	--------	--------	--------	-------	---------
At 31 December 2023	6,031	1,586	20,208	1,679	29,504
	--------	--------	--------	-------	---------

6. Debtors

	2024	2023
	£	£
Trade debtors	43,779	50,775
Other debtors	11,295	666
	--------	--------
	55,074	51,441
	--------	--------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	14,496	42,908
Corporation tax	9,558	15,430
Social security and other taxes	9,869	9,573
Other creditors	15,279	12,384
	--------	--------
	49,202	80,295
	--------	--------

8. Director's advances, credits and guarantees

At the year-end, the directors owed the company £10,587 (2024: the company owed the directors £351). Interest of 2.25% has been charged on all overdrawn balances.