Company Registration No. 12978545 (England and Wales)
Apollo Precision Ltd
Unaudited accounts
for the year ended 31 March 2025
Apollo Precision Ltd
Unaudited accounts
Contents
Apollo Precision Ltd
Company Information
for the year ended 31 March 2025
Directors
Iain Nigel Harris
Jasmine Louise Harris
Company Number
12978545 (England and Wales)
Registered Office
Unit B3
Moorfield Point
Slyfield Ind Est
Guildford
Surrey
GU1 1RU
United Kingdom
Apollo Precision Ltd
Statement of financial position
as at 31 March 2025
Tangible assets
539,467
326,341
Cash at bank and in hand
84,059
73,515
Creditors: amounts falling due within one year
(276,248)
(186,502)
Net current assets
103,875
40,735
Total assets less current liabilities
643,342
367,076
Creditors: amounts falling due after more than one year
(456,236)
(266,841)
Provisions for liabilities
Net assets
121,699
100,235
Called up share capital
2
31
Profit and loss account
121,697
100,204
Shareholders' funds
121,699
100,235
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 December 2025 and were signed on its behalf by
Iain Nigel Harris
Director
Company Registration No. 12978545
Apollo Precision Ltd
Notes to the Accounts
for the year ended 31 March 2025
Apollo Precision Ltd is a private company, limited by shares, registered in England and Wales, registration number 12978545. The registered office is Unit B3, Moorfield Point, Slyfield Ind Est, Guildford, Surrey, GU1 1RU, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Apollo Precision Ltd
Notes to the Accounts
for the year ended 31 March 2025
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting polices. In preparing these financial statements, the directors have [made the following judgements: / have not had to make any judgements and there are no other key sources of estimation uncertainty]
Determine whether there are indicators of impairment of the company's tangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
Determine whether leases are entered into by the company as a lessee are operating or finance leases. These decisions depend on an assessment of whether the risks and rewards of ownership have been transferred from the lessor to the lessee on a lease by lease basis.
Other key sources of estimation uncertainty:
Tangible fixed assets (note 4)
Tangible fixed assets are depreciated over their useful lives taking into account residual values, where 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 innovation, 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 projected disposal values.
Deferred tax asset (note 8)
Management estimation is required to determine the amount of deferred tax asset that can be recognised based upon likely timing and level of future taxable profits together with an assessment of the effect of future tax planning strategies.
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2024
524,429
26,995
1,429
6,346
559,199
Additions
399,213
-
2,856
1,233
403,302
At 31 March 2025
923,642
26,995
4,285
7,579
962,501
At 1 April 2024
217,617
11,811
145
3,285
232,858
Charge for the year
180,933
6,749
761
1,733
190,176
At 31 March 2025
398,550
18,560
906
5,018
423,034
At 31 March 2025
525,092
8,435
3,379
2,561
539,467
At 31 March 2024
306,812
15,184
1,284
3,061
326,341
Apollo Precision Ltd
Notes to the Accounts
for the year ended 31 March 2025
Amounts falling due within one year
Trade debtors
208,855
114,608
Deferred tax asset
-
6,219
Accrued income and prepayments
35,287
32,895
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
8,387
19,132
Obligations under finance leases and hire purchase contracts
157,357
97,688
Trade creditors
65,201
52,232
Taxes and social security
13,397
1,010
Loans from directors
-
405
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
456,236
266,841
8
Deferred taxation
2025
2024
Accelerated capital allowances
131,886
(6,219)
Tax losses carried forward
(66,392)
-
Other deferred taxation
(87)
-
Provision at start of year
(6,219)
(6,219)
Charged to the profit and loss account
71,626
-
Provision at end of year
65,407
(6,219)
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Directors' Loan
(405)
33,167
577
32,185
Apollo Precision Ltd
Notes to the Accounts
for the year ended 31 March 2025
10
Average number of employees
During the year the average number of employees was 7 (2024: 3).