Apollo Commercials Limited

Apollo Commercials Limited

APOLLO COMMERCIALS LIMITED - Company Information

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1 June 2018 false No description of principal activity Taxfiler 2019.9.Web 07649391business:PrivateLimitedCompanyLtd2018-06-012019-05-31 076493912018-05-31 076493912018-06-012019-05-31 07649391business:AuditExemptWithAccountantsReport2018-06-012019-05-31 07649391business:AbridgedAccounts2018-06-012019-05-31 076493912019-05-31 07649391business:Director12018-06-012019-05-31 07649391business:Director22018-06-012019-05-31 07649391business:RegisteredOffice2018-06-012019-05-31 076493912018-05-31 07649391core:WithinOneYear2019-05-31 07649391core:WithinOneYear2018-05-31 07649391core:AfterOneYear2019-05-31 07649391core:AfterOneYear2018-05-31 07649391core:ShareCapital2019-05-31 07649391core:ShareCapital2018-05-31 07649391core:RetainedEarningsAccumulatedLosses2019-05-31 07649391core:RetainedEarningsAccumulatedLosses2018-05-31 07649391business:SmallEntities2018-06-012019-05-31 07649391countries:EnglandWales2018-06-012019-05-31 07649391core:LandBuildings2018-06-012019-05-31 07649391core:RevaluationPropertyDeferredTax2019-05-31 07649391core:RevaluationPropertyDeferredTax2018-05-31 076493912017-06-012018-05-31 07649391business:OrdinaryShareClass12018-06-012019-05-31 07649391business:OrdinaryShareClass12017-06-012018-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07649391 (England and Wales)
Apollo Commercials Limited Unaudited accounts for the year ended 31 May 2019
Apollo Commercials Limited Unaudited accounts Contents
Page
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Apollo Commercials Limited Company Information for the year ended 31 May 2019
Directors
Mr Jatin Kapoor Dr Gurjit Singh Bhavra
Company Number
07649391 (England and Wales)
Registered Office
4 Staten Gardens Twickenham TW1 4HS United Kingdom
Accountants
Benison Solvers Limited 1000 Great West Road Brentford Middlesex TW8 9DW
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Apollo Commercials Limited for the year ended 31 May 2019
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Apollo Commercials Limited for the year ended 31 May 2019 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
Benison Solvers Limited Chartered Certified Accountants 1000 Great West Road Brentford Middlesex TW8 9DW 20 July 2019
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Apollo Commercials Limited Statement of financial position as at 31 May 2019
2019 
2018 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,868,764 
1,368,764 
Current assets
Debtors
7,130 
6,287 
Cash at bank and in hand
16,066 
21,924 
23,196 
28,211 
Creditors: amounts falling due within one year
(547,471)
(555,382)
Net current liabilities
(524,275)
(527,171)
Total assets less current liabilities
1,344,489 
841,593 
Creditors: amounts falling due after more than one year
(689,211)
(722,394)
Provisions for liabilities
Deferred tax
5
(95,000)
- 
Net assets
560,278 
119,199 
Capital and reserves
Called up share capital
6
75,000 
75,000 
Profit and loss account
485,278 
44,199 
Shareholders' funds
560,278 
119,199 
For the year ending 31 May 2019 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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.
Approved by the Board on 20 July 2019.
Dr Gurjit Singh Bhavra Director Company Registration No. 07649391
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Apollo Commercials Limited Notes to the Accounts for the year ended 31 May 2019
1
Statutory information
Apollo Commercials Limited is a private company, limited by shares, registered in England and Wales, registration number 07649391. The registered office is 4 Staten Gardens, Twickenham, TW1 4HS, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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:
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 June 2018
1,369,817 
Revaluations
500,000 
At 31 May 2019
1,869,817 
Depreciation
At 1 June 2018
1,053 
At 31 May 2019
1,053 
Net book value
At 31 May 2019
1,868,764 
At 31 May 2018
1,368,764 
The valuation of the Land and Building is based on the market value of similar properties in the surrounding area of the company's property. This valuation is conducted in July 2019 on the basis of the property available to sell or sold during this period.
5
Deferred taxation
2019 
2018 
£ 
£ 
Revaluation of land and buildings
95,000 
- 
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Apollo Commercials Limited Notes to the Accounts for the year ended 31 May 2019
2019 
2018 
£ 
£ 
Charged to other comprehensive income
95,000 
- 
Provision at end of year
95,000 
- 
Deferred taxation is calculated to reflect the corporation tax liability on the revaluation in July 2019.
6
Share capital
2019 
2018 
£ 
£ 
Allotted, called up and fully paid:
75,000 Ordinary shares of £1 each
75,000 
75,000 
7
Average number of employees
During the year the average number of employees was 2 (2018: 2).
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