APOLLO PERSONNEL LTD

APOLLO PERSONNEL LTD

APOLLO PERSONNEL LTD - Company Information

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APOLLO PERSONNEL LTD

Company Registration Number:
07579369 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2021

Period of accounts

Start date: 01 April 2020

End date: 31 March 2021

APOLLO PERSONNEL LTD

Contents of the Financial Statements

for the Period Ended 31 March 2021

Balance sheet
Notes

APOLLO PERSONNEL LTD

Balance sheet

As at 31 March 2021


Notes
2021
2020


£
£
Fixed assets
Tangible assets: 3 3,380 3,156
Total fixed assets: 3,380 3,156
Current assets
Debtors:   95,455 267,467
Cash at bank and in hand: 232,587 264,009
Total current assets: 328,042 531,476
Creditors: amounts falling due within one year:   (82,959) (217,391)
Net current assets (liabilities): 245,083 314,085
Total assets less current liabilities: 248,463 317,241
Total net assets (liabilities): 248,463 317,241
Capital and reserves
Called up share capital: 10 10
Profit and loss account: 248,453 317,231
Shareholders funds: 248,463 317,241

The notes form part of these financial statements

APOLLO PERSONNEL LTD

Balance sheet statements

For the year ending 31 March 2021 the company was entitled to exemption 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 this accounting period in accordance with Section 444(2A).

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

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 08 December 2021
and signed on behalf of the board by:

Name: M Finnigan
Status: Director

The notes form part of these financial statements

APOLLO PERSONNEL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible assetsTangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in thecarrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.DepreciationDepreciation 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:Fittings fixtures and equipment - 15% reducing balanceIf there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Other accounting policies

TaxationThe taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.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.ImpairmentA 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.Financial instrumentsA financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.

APOLLO PERSONNEL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

2. Employees

2021 2020
Average number of employees during the period 1 1

APOLLO PERSONNEL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

3. Tangible Assets

Total
Cost £
At 01 April 2020 5,655
Additions 820
At 31 March 2021 6,475
Depreciation
At 01 April 2020 2,499
Charge for year 596
At 31 March 2021 3,095
Net book value
At 31 March 2021 3,380
At 31 March 2020 3,156

APOLLO PERSONNEL LTD

Notes to the Financial Statements

for the Period Ended 31 March 2021

4. Loans to directors

Name of director receiving advance or credit: M Finnigan
Description of the loan: loan advance
£
Balance at 01 April 2020 59,424
Advances or credits repaid: 41,775
Balance at 31 March 2021 17,649

The company charges interest on all loan advances to the director.