REGISTERED NUMBER: 05847942 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

APPOLLO ENGINEERING LTD

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

DIRECTORS:

Mrs A J Spencer

Mr M Spencer

REGISTERED OFFICE:

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

REGISTERED NUMBER:

05847942 (England and Wales)

ACCOUNTANTS:

Mitchell Glanville Limited

41 Rodney Road

Cheltenham

Gloucestershire

GL50 1HX

FIXED ASSETS

Tangible assets

4

149,489

137,331

CURRENT ASSETS

Stocks

15,500

15,500

Debtors

5

80,749

247,942

Cash at bank

354,524

341,090

450,773

604,532

CREDITORS

Amounts falling due within one year

6

116,270

169,433

NET CURRENT ASSETS

334,503

435,099

TOTAL ASSETS LESS CURRENT LIABILITIES

483,992

572,430

CREDITORS

Amounts falling due after more than one year

7

(37,771

)

(24,313

)

PROVISIONS FOR LIABILITIES

(28,629

)

(24,722

)

NET ASSETS

417,592

523,395

CAPITAL AND RESERVES

Called up share capital

31

31

Retained earnings

417,561

523,364

SHAREHOLDERS' FUNDS

417,592

523,395

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 24 September 2025 and were signed on its behalf by:

Mr M Spencer - Director

Mrs A J Spencer - Director

1.	STATUTORY INFORMATION

Appollo Engineering 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Improvements to property

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 January 2024

37,192

256,454

6,377

Additions

-

61,044

-

Disposals

-

-

-

At 31 December 2024

37,192

317,498

6,377

DEPRECIATION

At 1 January 2024

32,621

174,893

4,759

Charge for year

1,143

34,380

405

Eliminated on disposal

-

-

-

At 31 December 2024

33,764

209,273

5,164

NET BOOK VALUE

At 31 December 2024

3,428

108,225

1,213

At 31 December 2023

4,571

81,561

1,618

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2024

88,897

10,564

399,484

Additions

-

-

61,044

Disposals

(13,547

)

-

(13,547

)

At 31 December 2024

75,350

10,564

446,981

DEPRECIATION

At 1 January 2024

42,936

6,944

262,153

Charge for year

11,490

905

48,323

Eliminated on disposal

(12,984

)

-

(12,984

)

At 31 December 2024

41,442

7,849

297,492

NET BOOK VALUE

At 31 December 2024

33,908

2,715

149,489

At 31 December 2023

45,961

3,620

137,331

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

64,271

238,255

Other debtors

4,848

-

Prepayments

11,630

9,687

80,749

247,942

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

9,998

10,000

Hire purchase contracts

21,185

7,450

Trade creditors

20,465

25,442

Tax

11,517

55,220

Social security and other taxes

9,270

10,610

Pensions Payable

227

219

VAT

41,723

57,195

Credit Card

-

1,506

Directors' current accounts

68

791

Accrued expenses

1,817

1,000

116,270

169,433

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans - 1-2 years

5,005

10,000

Bank loans - 2-5 years

-

5,000

Hire purchase contracts

32,766

9,313

37,771

24,313

The hire purchase loans are secured on the assets which they have funded.

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

2024

2023

£

£

Mr M Spencer and Mrs A J Spencer

Balance outstanding at start of year

(791

)

(16

)

Amounts advanced

197,200

129,287

Amounts repaid

(196,477

)

(130,062

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(68

)

(791

)

The directors loan has no repayment terms and does not attract interest.