Company registration number 09985514 (England and Wales)
APOLLO ACCESS HOLDINGS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
APOLLO ACCESS HOLDINGS LIMITED
COMPANY INFORMATION
Director
K Herbert
Company number
09985514
Registered office
428 Carlton Road
Carlton
Barnsley
S71 3HX
Auditor
GBAC Limited
Old Linen Court
83-85 Shambles Street
Barnsley
South Yorkshire
S70 2SB
APOLLO ACCESS HOLDINGS LIMITED
CONTENTS
Page
Strategic report
1
Director's report
2
Director's responsibilities statement
3
Independent auditor's report
4 - 6
Income statement
7
Group statement of comprehensive income
8
Group statement of financial position
9
Company statement of financial position
10
Group statement of changes in equity
11
Company statement of changes in equity
12
Group statement of cash flows
13
Company statement of cash flows
14
Notes to the financial statements
15 - 33
APOLLO ACCESS HOLDINGS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 1 -

The director presents the strategic report for the year ended 31 March 2025.

Principal activities

The principal activity of the company continued to be that of a holding company. The subsidiary companies principal activities are the provision of access equipment, cradles, mast climbers and specialised platforms together with the manufacture of scaffolding and platform equipment.

Review of the business

The group income statement for the year is set out on page 7.

Turnover has increased during the year by 4.4% to £11,782,325. The directors consider the profit on ordinary activities before taxation of £2,269,481 to be satisfactory.

The director is pleased with the progress being made in all trading subsidiaries. The group was formed in March 2016 to pull together the activities, to enable the funding of new equipment to be made easier and to build an access brand.

Principal risks and uncertainties

The principal risk is the economy and the state of the construction industry. The other risk is one of Health & Safety and the group has strong control procedures and has invested heavily in training, both employees and of third party users to mitigate this risk.

Risk Management

The group's financial instruments comprise bank balances, bank overdrafts, trade creditors, trade debtors, and HP finance. The main purpose of these instruments is to raise funds and finance the group's operations. The group keeps it's exposure to price risk to a minimum by negotiating HP finance facilities on a regular basis. In respect of bank balances the liquidity risk is managed by maintaining a balance between the continuity of funding and flexibility through the use of the bank overdraft.

Trade debtors are managed in respect of credit and cash flow risk by policies concerning the credit offered to customers and the regular monitoring of amounts outstanding for both time and credit limits. Trade creditors liquidity risk is managed by ensuring sufficient funds are available to meet amounts due.

Key performance indicators

The key financial highlights are as follows:-

| 2 02 5 | 202 4 | 20 23 | 20 22 |
| £ | £ | £ | £ |
Turnover | 11,782,325 | 11,287,198 | 11,109,493 | 11,709,072 |
Turnover growth (percent) | 4.4 | 1.6 | (5.1) | 15.4 |
Gross profit margin (percent) | 48.9 | 44.2 | 45.1 | 44.8 |
Profit before tax | 2,269,481 | 1,773,553 | 2,099,169 | 1,041,993 |

On behalf of the board

K Herbert
Director
13 March 2026
APOLLO ACCESS HOLDINGS LIMITED
DIRECTOR'S REPORT
FOR THE YEAR ENDED 31 MARCH 2025
- 2 -

The director presents his annual report and financial statements for the year ended 31 March 2025.

Results and dividends

The results for the year are set out on page 7.

Ordinary dividends were paid amounting to £500. The director does not recommend payment of a further dividend.

Director

The director who held office during the year and up to the date of signature of the financial statements was as follows:

K Herbert
Auditor

The auditor, GBAC Limited, is deemed to be reappointed under section 487(2) of the Companies Act 2006.

Statement of disclosure to auditor

So far as each person who was a director at the date of approving this report is aware, there is no relevant audit information of which the auditor of the company is unaware. Additionally, the directors individually have taken all the necessary steps that they ought to have taken as directors in order to make themselves aware of all relevant audit information and to establish that the auditor of the company is aware of that information.

Medium-sized companies exemption

This report has been prepared in accordance with the provisions applicable to companies entitled to the medium-sized companies exemption.

On behalf of the board
K Herbert
Director
13 March 2026
APOLLO ACCESS HOLDINGS LIMITED
DIRECTOR'S RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 3 -

The director is responsible for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and company, and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;

- make judgements and accounting estimates that are reasonable and prudent;

- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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

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

APOLLO ACCESS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT
TO THE MEMBERS OF APOLLO ACCESS HOLDINGS LIMITED
- 4 -
Opinion

We have audited the financial statements of Apollo Access Holdings Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025 which comprise the group income statement, the group statement of comprehensive income, the group statement of financial position, the company statement of financial position, the group statement of changes in equity, the company statement of changes in equity, the group statement of cash flows, the company statement of cash flows and notes to the financial statements, including significant accounting policies. The 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 group's and the parent company's affairs as at 31 March 2025 and of the group's 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 Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group and parent company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’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 director's 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 group's and parent 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 director with respect to going concern are described in the relevant sections of this report.

Other information

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The director is responsible for the other information contained within the annual report. Our 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.

Opinions on other matters prescribed by the Companies Act 2006

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

- T he information given in the strategic report and the director's r eport for the financial year for which the financial statements are prepared is consistent with the financial statements; and

- The strategic report and the director's report have been prepared in accordance with applicable legal requirements.

APOLLO ACCESS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF APOLLO ACCESS HOLDINGS LIMITED
- 5 -
Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and their environment obtained in the course of the audit, we have not identifie d material misstatements in the strategic report or the director's r eport.

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 by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

- the parent company 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 director

As explained more fully in the director's r esponsibilities s tatement, the director is 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 director determines 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 director is responsible for assessing the parent 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 director either intends to liquidate the parent company or to cease operations, or has no realistic alternative but to do so.

Auditor's 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 auditor's 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.

We obtained an understanding of the company and the sector in which it operates to identify laws and regulations that could reasonably be expected to have a direct effect on the financial statements. We obtained our understanding in this regard through discussions with management, application of cumulative audit knowledge and experience of the sector.

We determined the principal laws and regulations relevant to the company in this regard to be those arising from the Companies Act 2006, Local tax laws and regulations, Anti Money Laundering Legislation and Bribery Act 2010.

We also identified the risks of material misstatement of the financial statements due to fraud. We considered, in addition to the non-rebuttable presumption of a risk of fraud arising from management override of controls, including the potential for management bias identified in relation to the provisions and estimates and and we addressed this by challenging the assumptions and judgements made by management when auditing that significant accounting estimate.

As in all of our audits, we addressed the risk of fraud arising from management override of controls by performing audit procedures which included, but were not limited to: the testing of journals; reviewing accounting estimates for evidence of bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: https://​www.frc.org.uk/​auditors/​audit-assurance-ethics/​auditors-responsibilities-for-the-audit. This description forms part of our auditor's report.

APOLLO ACCESS HOLDINGS LIMITED
INDEPENDENT AUDITOR'S REPORT (CONTINUED)
TO THE MEMBERS OF APOLLO ACCESS HOLDINGS LIMITED
- 6 -

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 2006. Our 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 auditor's 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.

Emma Dawson (Senior Statutory Auditor)
For and on behalf of GBAC Limited
13 March 2026
Statutory Auditor
Old Linen Court
83-85 Shambles Street
Barnsley
South Yorkshire
S70 2SB
APOLLO ACCESS HOLDINGS LIMITED
GROUP INCOME STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
- 7 -
2025
2024
Notes
£
£
Revenue
3
11,782,325
11,287,198
Cost of sales
(6,020,911)
(6,296,768)
Gross profit
5,761,414
4,990,430
Administrative expenses
(3,580,414)
(3,260,813)
Other operating income
77,736
55,410
Operating profit
4
2,258,736
1,785,027
Investment income
8
39,131
17,765
Finance costs
9
(28,386)
(29,239)
Profit before taxation
2,269,481
1,773,553
Tax on profit
10
(573,418)
(445,351)
Profit for the financial year
1,696,063
1,328,202
Profit for the financial year is all attributable to the owner of the parent company.
APOLLO ACCESS HOLDINGS LIMITED
GROUP STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 MARCH 2025
- 8 -
2025
2024
£
£
Profit for the year
1,696,063
1,328,202
Other comprehensive income
-
-
Cash flow hedges gain arising in the year
-
0
-
0
Total comprehensive income for the year
1,696,063
1,328,202
Total comprehensive income for the year is all attributable to the owner of the parent company.
APOLLO ACCESS HOLDINGS LIMITED
GROUP STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 9 -
2025
2024
Notes
£
£
£
£
Non-current assets
Intangible assets
-
0
-
0
Property, plant and equipment
13
5,686,046
5,977,806
Investment property
14
1,182,110
1,182,110
6,868,156
7,159,916
Current assets
Inventories
18
682,120
605,881
Trade and other receivables
19
2,635,123
3,461,544
Cash and cash equivalents
6,702,115
3,923,902
10,019,358
7,991,327
Current liabilities
20
(1,409,400)
(1,414,093)
Net current assets
8,609,958
6,577,234
Total assets less current liabilities
15,478,114
13,737,150
Non-current liabilities
21
(279,231)
(275,209)
Provisions for liabilities
Deferred tax liability
24
686,655
645,276
(686,655)
(645,276)
Net assets
14,512,228
12,816,665
Equity
Called up share capital
26
400
400
Other reserves
3,742,148
3,742,148
Retained earnings
10,769,680
9,074,117
Total equity
14,512,228
12,816,665

These financial statements have been prepared in accordance with the provisions relating to medium-sized groups.

The financial statements were approved and signed by the director and authorised for issue on 13 March 2026
13 March 2026
K Herbert
Director
Company registration number 09985514 (England and Wales)
APOLLO ACCESS HOLDINGS LIMITED
COMPANY STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
31 March 2025
- 10 -
2025
2024
Notes
£
£
£
£
Non-current assets
Property, plant and equipment
13
1,044,978
1,044,978
Investment property
14
1,182,110
1,182,110
Investments
15
400
400
2,227,488
2,227,488
Current assets
Trade and other receivables
19
849,057
1,232,575
Cash and cash equivalents
4,291,372
1,779,882
5,140,429
3,012,457
Current liabilities
20
(2,561,379)
(459,826)
Net current assets
2,579,050
2,552,631
Net assets
4,806,538
4,780,119
Equity
Called up share capital
26
400
400
Retained earnings
4,806,138
4,779,719
Total equity
4,806,538
4,780,119

As permitted by s408 Companies Act 2006, the c ompany has not presented its own income statement and related notes. The c ompany’s profit for the year was £26,919 (2024 - £1,589 loss).

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved and signed by the director and authorised for issue on 13 March 2026
13 March 2026
K Herbert
Director
Company registration number 09985514 (England and Wales)
APOLLO ACCESS HOLDINGS LIMITED
GROUP STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 11 -
Share capital
Merger reserve
Retained earnings
Total
Notes
£
£
£
£
Balance at 1 April 2023
400
3,742,148
7,746,915
11,489,463
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
1,328,202
1,328,202
Dividends
11
-
-
(1,000)
(1,000)
Balance at 31 March 2024
400
3,742,148
9,074,117
12,816,665
Year ended 31 March 2025:
Profit and total comprehensive income
-
-
1,696,063
1,696,063
Dividends
11
-
-
(500)
(500)
Balance at 31 March 2025
400
3,742,148
10,769,680
14,512,228
APOLLO ACCESS HOLDINGS LIMITED
COMPANY STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2025
- 12 -
Share capital
Retained earnings
Total
Notes
£
£
£
Balance at 1 April 2023
400
4,782,308
4,782,708
Year ended 31 March 2024:
Loss and total comprehensive income for the year
-
(1,589)
(1,589)
Dividends
11
-
(1,000)
(1,000)
Balance at 31 March 2024
400
4,779,719
4,780,119
Year ended 31 March 2025:
Profit and total comprehensive income
-
26,919
26,919
Dividends
11
-
(500)
(500)
Balance at 31 March 2025
400
4,806,138
4,806,538
APOLLO ACCESS HOLDINGS LIMITED
GROUP STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 13 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
29
3,545,291
1,917,964
Interest paid
(28,386)
(29,239)
Income taxes paid
(426,950)
(242,986)
Net cash inflow from operating activities
3,089,955
1,645,739
Investing activities
Purchase of property, plant and equipment
(833,825)
(1,387,865)
Proceeds from disposal of property, plant and equipment
661,035
10,000
Purchase of investment property
-
(916,043)
Repayment of loans
(73,916)
(18,241)
Interest received
39,131
17,765
Net cash used in investing activities
(207,575)
(2,294,384)
Financing activities
Repayment of bank loans
(46,976)
(43,562)
Payment of finance leases obligations
(56,691)
(80,570)
Dividends paid to equity shareholders
(500)
(1,000)
Net cash used in financing activities
(104,167)
(125,132)
Net increase/(decrease) in cash and cash equivalents
2,778,213
(773,777)
Cash and cash equivalents at beginning of year
3,923,902
4,697,679
Cash and cash equivalents at end of year
6,702,115
3,923,902
APOLLO ACCESS HOLDINGS LIMITED
COMPANY STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 MARCH 2025
- 14 -
2025
2024
Notes
£
£
£
£
Cash flows from operating activities
Cash generated from operations
30
2,513,927
1,999,899
Income taxes refunded/(paid)
1,563
(19,024)
Net cash inflow from operating activities
2,515,490
1,980,875
Investing activities
Purchase of investment property
-
0
(916,043)
Repayment of loans
(10,513)
(5,881)
Interest received
7,013
6,881
Net cash used in investing activities
(3,500)
(915,043)
Financing activities
Dividends paid to equity shareholders
(500)
(1,000)
Net cash used in financing activities
(500)
(1,000)
Net increase in cash and cash equivalents
2,511,490
1,064,832
Cash and cash equivalents at beginning of year
1,779,882
715,050
Cash and cash equivalents at end of year
4,291,372
1,779,882
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
- 15 -
1
Accounting policies
Company information

Apollo Access Holdings Limited (“the company”) is a private limited company domiciled and incorporated in England and Wales. The registered office is .

The group consists of Apollo Access Holdings Limited and all of its subsidiaries.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Business combinations

In the parent company financial statements, t he cost of a business combination is the fair value at the acquisition date of the assets given, equity instruments issued and liabilities incurred or assumed, plus costs directly attributable to the business combination. The excess of the cost of a business combination over the fair value of the identifiable assets, liabilities and contingent liabilities acquired is recognised as goodwill. The cost of the combination includes the estimated amount of contingent consideration that is probable and can be measured reliably, and is adjusted for changes in contingent consideration after the acquisition date. Provisional fair values recognised for business combinations in previous periods are adjusted retrospectively for final fair values determined in the 12 months following the acquisition date. I nvestments in subsidiaries, joint ventures and associates are accounted for at cost less impairment.

Deferred tax is recognised on differences between the value of assets (other than goodwill) and liabilities recognised in a business combination accounted for using the purchase method and the amounts that can be deducted or assessed for tax, considering the manner in which the carrying amount of the asset or liability is expected to be recovered or settled. The deferred tax recognised is adjusted against goodwill or negative goodwill.

1.3
Basis of consolidation

The consolidated group financial statements consist of the financial statements of the parent company Apollo Access Holdings Limited together with all entities controlled by the parent company (its subsidiaries) and the group’s share of its interests in joint ventures and associates.

All financial statements are made up to 31 March 2025. Where necessary, adjustments are made to the financial statements of subsidiaries to bring the accounting policies used into line with those used by other members of the g roup.

All intra-group transactions, balances and unrealised gains on transactions between group companies are eliminated on consolidation. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred.

Subsidiaries are consolidated in the group’s financial statements from the date that control commences until the date that control ceases.

Entities in which the group holds an interest and which are jointly controlled by the group and one or more other venturers under a contractual arrangement are treated as joint ventures. Entities other than subsidiary undertakings or joint ventures, in which the group has a participating interest and over whose operating and financial policies the group exercises a significant influence, are treated as associates.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 16 -

Investments in joint ventures and associates are carried in the group statement of financial position at cost plus post-acquisition changes in the group’s share of the net assets of the entity, less any impairment in value. The carrying values of investments in joint ventures and associates include acquired goodwill.

If the group’s share of losses in a joint venture or associate equals or exceeds its investment in the joint venture or associate, the group does not recognise further losses unless it has incurred obligations to do so or has made payments on behalf of the joint venture or associate.

Unrealised gains arising from transactions with joint ventures and associates are eliminated to the extent of the group’s interest in the entity.

1.4
Going concern

At the time of approving the financial statements, the director has a reasonable expectation that the group has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.

1.5
Revenue

Revenue is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have passed to the buyer (usually on dispatch of the goods), the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the entity and the costs incurred or to be incurred in respect of the transaction can be measured reliably.

1.6
Intangible fixed assets - goodwill

Goodwill represents the excess of the cost of acquisition of a business over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.

1.7
Property, plant and equipment

Property, plant and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 17 -

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
No depreciation
Leasehold improvements
4% on cost
Plant and equipment
15% on cost
Office equipment
33.3% on cost
Motor vehicles
15% on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the income statement.

1.8
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss.

1.9
Non-current investments

Equity in vest ments are measured at fair value through profit or loss, except for those equity investments that are not publicly traded and whose fair value cannot otherwise be measured reliably, which are recognised at cost less impairment until a reliable measure of fair value becomes available.

I n the parent company financial statements, investments in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses.

A subsidiary is an entity controlled by the group. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The group considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Investments in associates are initially recognised at the transaction price (including transaction costs) and are subsequently adjusted to reflect the g roup’s share of the profit or loss, other comprehensive income and equity of the associate using the equity method. Any difference between the cost of acquisition and the share of the fair value of the net identifiable assets of the associate on acquisition is recognised as goodwill. Any unamortised balance of goodwill is included in the carrying value of the investment in associates.

Losses in excess of the carrying amount of an investment in an associate are recorded as a provision only when the company has incurred legal or constructive obligations or has made payments on behalf of the associate.

In the parent c ompany financial statements, investments in associates are accounted for at cost less impairment.

Entities in which the group has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 18 -
1.10
Impairment of non-current assets

At each reporting period end date, the group reviews the carrying amounts of its tangible and intangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

The carrying amount of the investments accounted for using the equity method is tested for impairment as a single asset. Any goodwill included in the carrying amount of the investment is not tested separately for impairment.

Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.

If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.

1.11
Inventories

Inventories are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition.

Inventories held for distribution at no or nominal consideration are measured at the lower of cost and replacement cost, adjusted where applicable for any loss of service potential.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of inventories over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

1.12
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 19 -
1.13
Financial instruments

The group has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the group's statement of financial position when the group becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include trade and other receivables and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest m ethod 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. Financial assets classified as receivable within one year are not amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publicly traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit and loss, are assessed for indicators of impairment at each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the group transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of 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 group after deducting all of its liabilities.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 20 -
Basic financial liabilities

Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future paymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

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

Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Other financial liabilities

Derivatives, including interest rate swaps and forward foreign exchange contracts, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. Changes in the fair value of derivatives are recognised in profit or loss in finance costs or finance income as appropriate, unless hedge accounting is applied and the hedge is a cash flow hedge.

Debt instruments that do not meet the conditions in FRS 102 paragraph 11.9 are subsequently measured at fair value through profit or loss. Debt instruments may be designated as being measured at fair value th r ough profit or loss to eliminate or reduce an accounting mismatch or if the instruments are measured and their performance evaluated on a fair value basis in accordance with a documented risk management or investment strategy.

Derecognition of financial liabilities

Financial liabilities are derecognised when the group's contractual obligations expire or are discharged or cancelled.

1.14
Equity instruments

Equity instruments issued by the group are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the group.

1.15
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The group’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 21 -
Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the income statement, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset if, and only if, there is a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.16
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or non-current assets.

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.17
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

1.18
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease d asset are consumed.

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognised on a straight line basis over the lease term.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
1
Accounting policies
(Continued)
- 22 -
1.19
Government grants

Government grants are recognised at the fair value of the asset receive d or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

2
Judgements and key sources of estimation uncertainty

In the application of the group’s accounting policies, the director is required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Revenue
2025
2024
£
£
Revenue analysed by class of business
Sale of goods
11,782,325
11,287,198
2025
2024
£
£
Other revenue
Interest income
39,131
17,765
Grants received
-
14,925
4
Operating profit
2025
2024
£
£
Operating profit for the year is stated after charging/(crediting):
Exchange losses
310
304
Government grants
-
(14,925)
Depreciation of owned property, plant and equipment
791,506
627,492
Depreciation of property, plant and equipment held under finance leases
20,553
35,303
Profit on disposal of property, plant and equipment
(246,088)
(10,000)
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 23 -
5
Auditors' remuneration
2025
2024
Fees payable to the company's auditor and associates:
£
£
For audit services
Audit of the financial statements of the group and company
5,040
6,150
Audit of the financial statements of the company's subsidiaries
19,706
21,500
24,746
27,650
6
Employees

The average monthly number of persons (including directors) employed by the group and company during the year was:

Group
Company
2025
2024
2025
2024
Number
Number
Number
Number
R&L
74
75
-
-
Office
10
9
1
1
ACL
14
15
-
-
Total
98
99
1
1

Their aggregate remuneration comprised:

Group
Company
2025
2024
2025
2024
£
£
£
£
Wages and salaries
3,733,513
3,271,173
-
0
-
0
Social security costs
360,312
362,170
-
-
Pension costs
357,545
81,705
-
0
-
0
4,451,370
3,715,048
-
0
-
0
7
Director's remuneration
2025
2024
£
£
Remuneration for qualifying services
16,542
10,192
Company pension contributions to defined contribution schemes
197,600
-
214,142
10,192
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 24 -
8
Investment income
2025
2024
£
£
Interest income
Other interest income
39,131
17,765
9
Finance costs
2025
2024
£
£
Interest on financial liabilities measured at amortised cost:
Interest on bank overdrafts and loans
21,136
24,509
Other finance costs:
Interest on finance leases and hire purchase contracts
7,342
5,096
Other interest
(92)
(366)
Total finance costs
28,386
29,239
10
Taxation
2025
2024
£
£
Current tax
UK corporation tax on profits for the current period
532,042
280,740
Adjustments in respect of prior periods
(2)
-
0
Total current tax
532,040
280,740
Deferred tax
Origination and reversal of timing differences
41,378
164,611
Total tax charge
573,418
445,351
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
10
Taxation
(Continued)
- 25 -

The actual charge for the year can be reconciled to the expected charge for the year based on the profit or loss and the standard rate of tax as follows:

2025
2024
£
£
Profit before taxation
2,269,481
1,773,553
Expected tax charge based on the standard rate of corporation tax in the UK of 25.00% (2024: 25.00%)
567,370
443,388
Tax effect of expenses that are not deductible in determining taxable profit
1,025
3,452
Tax effect of income not taxable in determining taxable profit
(61,531)
(3,925)
Adjustments in respect of prior years
(2)
-
0
Permanent capital allowances in excess of depreciation
25,589
(162,175)
Other non-reversing timing differences
41,378
164,611
Tax at marginal rate
(411)
-
0
Taxation charge
573,418
445,351
11
Dividends
2025
2024
Recognised as distributions to equity holders:
£
£
Final paid
500
1,000
12
Intangible fixed assets
Group
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
1,134,800
Amortisation and impairment
At 1 April 2024 and 31 March 2025
1,134,800
Carrying amount
At 31 March 2025
-
0
At 31 March 2024
-
0
The company had no intangible fixed assets at 31 March 2025 or 31 March 2024.
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 26 -
13
Property, plant and equipment
Group
Freehold land and buildings
Leasehold improvements
Plant and equipment
Office equipment
Motor vehicles
Total
£
£
£
£
£
£
Cost
At 1 April 2024
2,033,778
761,152
7,613,406
423,829
1,620,784
12,452,949
Additions
-
0
-
0
476,491
382
458,373
935,246
Disposals
-
0
-
0
(565,000)
-
0
(50,745)
(615,745)
At 31 March 2025
2,033,778
761,152
7,524,897
424,211
2,028,412
12,772,450
Depreciation and impairment
At 1 April 2024
-
0
328,801
4,847,631
258,759
1,039,952
6,475,143
Depreciation charged in the year
-
0
30,446
569,978
42,790
168,845
812,059
Eliminated in respect of disposals
-
0
-
0
(161,890)
-
0
(38,908)
(200,798)
At 31 March 2025
-
0
359,247
5,255,719
301,549
1,169,889
7,086,404
Carrying amount
At 31 March 2025
2,033,778
401,905
2,269,178
122,662
858,523
5,686,046
At 31 March 2024
2,033,778
432,351
2,765,775
165,070
580,832
5,977,806
Company
Freehold land and buildings
£
Cost
At 1 April 2024 and 31 March 2025
1,044,978
Depreciation and impairment
At 1 April 2024 and 31 March 2025
-
0
Carrying amount
At 31 March 2025
1,044,978
At 31 March 2024
1,044,978
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
13
Property, plant and equipment
(Continued)
- 27 -

The net carrying value of tangible fixed assets includes the following in respect of assets held under finance leases or hire purchase contracts.

Group
Company
2025
2024
2025
2024
£
£
£
£
Plant and equipment
-
0
99,734
-
0
-
0
Motor vehicles
148,977
53,109
-
0
-
0
148,977
152,843
-
-
14
Investment property
Group
Company
£
£
Fair value
At 1 April 2024 and 31 March 2025
1,182,110
1,182,110

Investment property comprises a residential property and a commercial property held for rental income. The fair value of the investment properties have been arrived at on the basis of a valuation carried out on the purchase date by the estate agent, who are not connected with the company. The valuations were made on an open market value basis by reference to market evidence of transaction prices for similar properties.

15
Fixed asset investments
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Investments in subsidiaries
16
-
0
-
0
400
400
Movements in non-current investments
Company
Shares in subsidiaries
£
Cost or valuation
At 1 April 2024 and 31 March 2025
400
Carrying amount
At 31 March 2025
400
At 31 March 2024
400
16
Subsidiaries

Details of the company's subsidiaries at 31 March 2025 are as follows:

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
16
Subsidiaries
(Continued)
- 28 -
Name of undertaking
Registered office
Nature of business
Class of
% Held
shares held
Direct
Apollo Cradles Limited
England & Wales
Provision of access equipment including mast climbers, cradles and platforms.
Ordinary Shares
100.00
Apollo Scaffold Services Limited
England & Wales
Manufacture of scaffolding platforms.
Ordinary Shares
100.00
Apollo Hire Limited
England & Wales
Ownership of equipment and hire to fellow subsidiaries.
Ordinary Shares
100.00
Apollo Funding Limited
England & Wales
Dormant company
Ordinary Shares
100.00
17
Financial instruments
Group
Company
2025
2024
2025
2024
£
£
£
£
Carrying amount of financial assets
Debt instruments measured at amortised cost
2,379,377
3,203,517
849,057
1,232,575
Carrying amount of financial liabilities
Measured at amortised cost
996,293
1,231,102
2,549,475
457,841
18
Inventories
Group
Company
2025
2024
2025
2024
£
£
£
£
Raw materials and consumables
682,120
605,881
-
-
19
Trade and other receivables
Group
Company
2025
2024
2025
2024
Amounts falling due within one year:
£
£
£
£
Trade receivables
1,599,105
2,532,879
-
0
-
0
Corporation tax recoverable
122,506
29,664
-
0
-
0
Amounts owed by group undertakings
-
-
421,903
819,483
Other receivables
904,994
887,407
427,154
413,092
Prepayments and accrued income
8,518
11,594
-
0
-
0
2,635,123
3,461,544
849,057
1,232,575
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 29 -
20
Current liabilities
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans
22
50,196
45,889
-
0
-
0
Obligations under finance leases
23
37,632
48,207
-
0
-
0
Trade payables
279,957
609,489
-
0
-
0
Amounts owed to group undertakings
-
0
-
0
2,539,014
452,191
Corporation tax payable
354,495
156,564
11,904
1,985
Other taxation and social security
337,843
301,636
-
-
Other payables
147,528
92,195
6,250
2,500
Accruals and deferred income
201,749
160,113
4,211
3,150
1,409,400
1,414,093
2,561,379
459,826
21
Non-current liabilities
Group
Company
2025
2024
2025
2024
Notes
£
£
£
£
Bank loans and overdrafts
22
188,237
239,520
-
0
-
0
Obligations under finance leases
23
90,994
35,689
-
0
-
0
279,231
275,209
-
-
Amounts included above which fall due after five years are as follows:
Payable by instalments
45,600
76,689
-
-
22
Borrowings
Group
Company
2025
2024
2025
2024
£
£
£
£
Bank loans
238,433
285,409
-
0
-
0
Payable within one year
50,196
45,889
-
0
-
0
Payable after one year
188,237
239,520
-
0
-
0

The long-term loans are secured by fixed charges over the land and buildings at Shafton, Units 1 and 3 at Carlton and Unit 10 at Gateshead.

The loans are repayable over 10 years at a rate of interest of 2.65% above the Bank of England base rate.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 30 -
23
Finance lease obligations
Group
Company
2025
2024
2025
2024
£
£
£
£
Future minimum lease payments due under finance leases:
Within one year
37,632
48,207
-
0
-
0
In two to five years
90,994
35,689
-
0
-
0
128,626
83,896
-
-

Finance lease payments represent rentals payable by the company or group for certain items of plant and machinery. Leases include purchase options at the end of the lease period, and no restrictions are placed on the use of the assets. The average lease term is 5 years. All leases are on a fixed repayment basis and no arrangements have been entered into for contingent rental payments.

24
Deferred taxation

The following are the major deferred tax liabilities and assets recognised by the group and company, and movements thereon:

Liabilities
Liabilities
2025
2024
Group
£
£
Accelerated capital allowances
686,655
645,276
The company has no deferred tax assets or liabilities.
Group
Company
2025
2025
Movements in the year:
£
£
Liability at 1 April 2024
645,276
-
Charge to profit or loss
41,379
-
Liability at 31 March 2025
686,655
-

T he deferred tax liability set out above is expected to reverse within 12 months and relates to accelerated capital allowances that are expected to mature within the same period.

25
Retirement benefit schemes
2025
2024
Defined contribution schemes
£
£
Charge to profit or loss in respect of defined contribution schemes
357,545
81,705

A defined contribution pension scheme is operated for all qualifying employees. The assets of the scheme are held separately from those of the group in an independently administered fund.

APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 31 -
26
Share capital
Group and company
2025
2024
2025
2024
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary Shares of £1 each
400
400
400
400
27
Capital commitments

Amounts contracted for but not provided in the financial statements:

Group
Company
2025
2024
2025
2024
£
£
£
£
Acquisition of property, plant and equipment
29,897
-
-
-
28
Directors' transactions

Dividends totalling £500 (2024 - £1,000) were paid in the year in respect of shares held by the company's directors.

Description
% Rate
Opening balance
Amounts advanced
Interest charged
Amounts repaid
Closing balance
£
£
£
£
£
Loan to director
2.25
455,948
62,834
11,582
(500)
529,864
455,948
62,834
11,582
(500)
529,864
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 32 -
29
Cash generated from group operations
2025
2024
£
£
Profit after taxation
1,696,063
1,328,202
Adjustments for:
Taxation charged
573,418
445,351
Finance costs
28,386
29,239
Investment income
(39,131)
(17,765)
Gain on disposal of property, plant and equipment
(246,088)
(10,000)
Depreciation and impairment of property, plant and equipment
812,059
662,795
Movements in working capital:
(Increase)/decrease in inventories
(76,239)
131,244
Decrease/(increase) in trade and other receivables
993,179
(178,979)
Decrease in trade and other payables
(196,356)
(472,123)
Cash generated from operations
3,545,291
1,917,964
30
Cash generated from operations - company
2025
2024
£
£
Profit/(loss) after taxation
26,919
(1,589)
Adjustments for:
Taxation charged/(credited)
8,356
(614)
Investment income
(7,013)
(6,881)
Movements in working capital:
Decrease in trade and other receivables
394,031
1,554,142
Increase in trade and other payables
2,091,634
454,841
Cash generated from operations
2,513,927
1,999,899
31
Analysis of changes in net funds - group
1 April 2024
Cash flows
New finance leases
31 March 2025
£
£
£
£
Cash at bank and in hand
3,923,902
2,778,213
-
6,702,115
Borrowings excluding overdrafts
(285,409)
46,976
-
(238,433)
Obligations under finance leases
(83,896)
56,691
(101,421)
(128,626)
3,554,597
2,881,880
(101,421)
6,335,056
APOLLO ACCESS HOLDINGS LIMITED
NOTES TO THE GROUP FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
- 33 -
32
Analysis of changes in net funds - company
1 April 2024
Cash flows
31 March 2025
£
£
£
Cash at bank and in hand
1,779,882
2,511,490
4,291,372
2025-03-31 2024-04-01 false false CCH Software CCH Accounts Production 2025.300 K Herbert false 09985514 bus:Consolidated 2024-04-01 2025-03-31 09985514 2024-04-01 2025-03-31 09985514 bus:Director1 2024-04-01 2025-03-31 09985514 bus:RegisteredOffice 2024-04-01 2025-03-31 09985514 2025-03-31 09985514 bus:Consolidated 2023-04-01 2024-03-31 09985514 2023-04-01 2024-03-31 09985514 bus:Consolidated 2025-03-31 09985514 bus:Consolidated 2024-03-31 09985514 core:Goodwill bus:Consolidated 2025-03-31 09985514 core:Goodwill bus:Consolidated 2024-03-31 09985514 2024-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2025-03-31 09985514 core:LeaseholdImprovements bus:Consolidated 2025-03-31 09985514 core:PlantMachinery bus:Consolidated 2025-03-31 09985514 core:FurnitureFittings bus:Consolidated 2025-03-31 09985514 core:MotorVehicles bus:Consolidated 2025-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-03-31 09985514 core:LeaseholdImprovements bus:Consolidated 2024-03-31 09985514 core:PlantMachinery bus:Consolidated 2024-03-31 09985514 core:FurnitureFittings bus:Consolidated 2024-03-31 09985514 core:MotorVehicles bus:Consolidated 2024-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets 2025-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 09985514 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2025-03-31 09985514 core:CurrentFinancialInstruments bus:Consolidated 2024-03-31 09985514 core:ShareCapital bus:Consolidated 2025-03-31 09985514 core:ShareCapital bus:Consolidated 2024-03-31 09985514 core:OtherMiscellaneousReserve bus:Consolidated 2025-03-31 09985514 core:OtherMiscellaneousReserve bus:Consolidated 2024-03-31 09985514 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2025-03-31 09985514 core:RetainedEarningsAccumulatedLosses bus:Consolidated 2024-03-31 09985514 core:ShareCapital 2025-03-31 09985514 core:ShareCapital 2024-03-31 09985514 core:RetainedEarningsAccumulatedLosses 2025-03-31 09985514 core:RetainedEarningsAccumulatedLosses 2024-03-31 09985514 core:ShareCapital bus:Consolidated 2023-03-31 09985514 2023-03-31 09985514 core:ShareCapital 2023-03-31 09985514 core:RetainedEarningsAccumulatedLosses 2023-03-31 09985514 bus:Consolidated 2023-03-31 09985514 core:Goodwill 2024-04-01 2025-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets 2024-04-01 2025-03-31 09985514 core:LeaseholdImprovements 2024-04-01 2025-03-31 09985514 core:PlantMachinery 2024-04-01 2025-03-31 09985514 core:FurnitureFittings 2024-04-01 2025-03-31 09985514 core:MotorVehicles 2024-04-01 2025-03-31 09985514 core:UKTax bus:Consolidated 2024-04-01 2025-03-31 09985514 core:UKTax bus:Consolidated 2023-04-01 2024-03-31 09985514 bus:Consolidated 1 2024-04-01 2025-03-31 09985514 bus:Consolidated 1 2023-04-01 2024-03-31 09985514 core:Goodwill bus:Consolidated 2024-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-03-31 09985514 core:LeaseholdImprovements bus:Consolidated 2024-03-31 09985514 core:PlantMachinery bus:Consolidated 2024-03-31 09985514 core:FurnitureFittings bus:Consolidated 2024-03-31 09985514 core:MotorVehicles bus:Consolidated 2024-03-31 09985514 bus:Consolidated 2024-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets 2024-03-31 09985514 core:LandBuildings core:OwnedOrFreeholdAssets bus:Consolidated 2024-04-01 2025-03-31 09985514 core:LeaseholdImprovements bus:Consolidated 2024-04-01 2025-03-31 09985514 core:PlantMachinery bus:Consolidated 2024-04-01 2025-03-31 09985514 core:FurnitureFittings bus:Consolidated 2024-04-01 2025-03-31 09985514 core:MotorVehicles bus:Consolidated 2024-04-01 2025-03-31 09985514 core:PlantMachinery 2025-03-31 09985514 core:PlantMachinery 2024-03-31 09985514 core:MotorVehicles 2025-03-31 09985514 core:MotorVehicles 2024-03-31 09985514 core:Subsidiary1 2024-04-01 2025-03-31 09985514 core:Subsidiary2 2024-04-01 2025-03-31 09985514 core:Subsidiary3 2024-04-01 2025-03-31 09985514 core:Subsidiary4 2024-04-01 2025-03-31 09985514 core:Subsidiary1 1 2024-04-01 2025-03-31 09985514 core:Subsidiary2 2 2024-04-01 2025-03-31 09985514 core:Subsidiary3 3 2024-04-01 2025-03-31 09985514 core:Subsidiary4 4 2024-04-01 2025-03-31 09985514 core:CurrentFinancialInstruments bus:Consolidated 2025-03-31 09985514 core:CurrentFinancialInstruments 2025-03-31 09985514 core:CurrentFinancialInstruments 2024-03-31 09985514 core:CurrentFinancialInstruments bus:Consolidated 1 2025-03-31 09985514 core:CurrentFinancialInstruments bus:Consolidated 1 2024-03-31 09985514 core:CurrentFinancialInstruments 2 2025-03-31 09985514 core:CurrentFinancialInstruments 3 2025-03-31 09985514 core:WithinOneYear bus:Consolidated 2025-03-31 09985514 core:WithinOneYear bus:Consolidated 2024-03-31 09985514 core:CurrentFinancialInstruments core:WithinOneYear 2025-03-31 09985514 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 09985514 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2025-03-31 09985514 core:Non-currentFinancialInstruments core:AfterOneYear bus:Consolidated 2024-03-31 09985514 core:Non-currentFinancialInstruments core:AfterOneYear 2025-03-31 09985514 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 09985514 core:Non-currentFinancialInstruments bus:Consolidated 2025-03-31 09985514 core:Non-currentFinancialInstruments bus:Consolidated 2024-03-31 09985514 core:Non-currentFinancialInstruments 2025-03-31 09985514 core:Non-currentFinancialInstruments 2024-03-31 09985514 core:CurrentFinancialInstruments core:WithinOneYear bus:Consolidated 2024-03-31 09985514 core:WithinOneYear 2025-03-31 09985514 core:WithinOneYear 2024-03-31 09985514 core:BetweenTwoFiveYears bus:Consolidated 2025-03-31 09985514 core:BetweenTwoFiveYears bus:Consolidated 2024-03-31 09985514 core:BetweenTwoFiveYears 2025-03-31 09985514 core:BetweenTwoFiveYears 2024-03-31 09985514 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 09985514 bus:FRS102 2024-04-01 2025-03-31 09985514 bus:Audited 2024-04-01 2025-03-31 09985514 bus:ConsolidatedGroupCompanyAccounts 2024-04-01 2025-03-31 09985514 bus:FullAccounts 2024-04-01 2025-03-31 xbrli:pure xbrli:shares iso4217:GBP