Apogii Ltd - Limited company accounts 20.1
Apogii Ltd - Limited company accounts 20.1
| REGISTERED NUMBER: |
| Report of the Director and |
| Unaudited Financial Statements for the Year Ended 30 June 2021 |
| for |
| Apogii Ltd |
| Apogii Ltd (Registered number: 10662704) |
| Contents of the Financial Statements |
| for the Year Ended 30 June 2021 |
| Page |
| Company Information | 1 |
| Report of the Director | 2 |
| Chartered Accountants' Report | 3 |
| Income Statement | 4 |
| Other Comprehensive Income | 5 |
| Balance Sheet | 6 |
| Statement of Changes in Equity | 8 |
| Notes to the Financial Statements | 9 |
| Apogii Ltd |
| Company Information |
| for the Year Ended 30 June 2021 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 823 Salisbury House |
| 29 Finsbury Circus |
| London |
| EC2M 5QQ |
| Apogii Ltd (Registered number: 10662704) |
| Report of the Director |
| for the Year Ended 30 June 2021 |
| The director presents her report with the financial statements of the company for the year ended 30 June 2021. |
| PRINCIPAL ACTIVITY |
| The principal activity of the company in the year under review was that of operate as a health beauty clinic. |
| REVIEW OF BUSINESS |
| The government enforced restrictions and shutdowns within the UK Health & Wellness sector during the Covid-19 pandemic has significantly hindered the business during the 2020/2021 financial year. |
| DIRECTOR |
| STATEMENT OF DIRECTOR'S RESPONSIBILITIES |
| The director is responsible for preparing the Report of the Director 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 she is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company 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; |
| - | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
| The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable her to ensure that the financial statements comply with the Companies Act 2006. She is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| Chartered Accountants' Report to the Director |
| on the Unaudited Financial Statements of |
| Apogii Ltd (Registered number: 10662704) |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Apogii Ltd for the year ended 30 June 2021 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us. |
| As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the director of Apogii Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Apogii Ltd and state those matters that we have agreed to state to the director of Apogii Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Apogii Ltd and its director for our work or for this report. |
| It is your duty to ensure that Apogii Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Apogii Ltd. You consider that Apogii Ltd is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of Apogii Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 823 Salisbury House |
| 29 Finsbury Circus |
| London |
| EC2M 5QQ |
| Apogii Ltd (Registered number: 10662704) |
| Income Statement |
| for the Year Ended 30 June 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales |
| GROSS PROFIT |
| Administrative expenses |
| (346,717 | ) | (459,606 | ) |
| Other operating income |
| OPERATING LOSS | 4 | ( |
) | ( |
) |
| Interest receivable and similar income |
| (321,431 | ) | (434,605 | ) |
| Interest payable and similar expenses | 5 |
| LOSS BEFORE TAXATION | ( |
) | ( |
) |
| Tax on loss | 6 |
| LOSS FOR THE FINANCIAL YEAR | ( |
) | ( |
) |
| Apogii Ltd (Registered number: 10662704) |
| Other Comprehensive Income |
| for the Year Ended 30 June 2021 |
| 2021 | 2020 |
| Notes | £ | £ |
| LOSS FOR THE YEAR | ( |
) | ( |
) |
| OTHER COMPREHENSIVE INCOME | - | - |
| TOTAL COMPREHENSIVE INCOME FOR THE YEAR |
( |
) |
( |
) |
| Apogii Ltd (Registered number: 10662704) |
| Balance Sheet |
| 30 June 2021 |
| 2021 | 2020 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 7 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 8 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 9 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 10 |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 12 |
| Retained earnings | 13 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| The director acknowledges her 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. |
| Apogii Ltd (Registered number: 10662704) |
| Balance Sheet - continued |
| 30 June 2021 |
| The financial statements were approved by the director and authorised for issue on |
| Apogii Ltd (Registered number: 10662704) |
| Statement of Changes in Equity |
| for the Year Ended 30 June 2021 |
| Called up |
| share | Retained | Total |
| capital | earnings | equity |
| £ | £ | £ |
| Balance at 1 July 2019 | ( |
) | ( |
) |
| Changes in equity |
| Total comprehensive income | - | ( |
) | ( |
) |
| Balance at 30 June 2020 | ( |
) | ( |
) |
| Changes in equity |
| Total comprehensive income | - | ( |
) | ( |
) |
| Balance at 30 June 2021 | ( |
) | ( |
) |
| Apogii Ltd (Registered number: 10662704) |
| Notes to the Financial Statements |
| for the Year Ended 30 June 2021 |
| 1. | STATUTORY INFORMATION |
| Apogii Ltd is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| 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 |
| Tangible fixed assets are stated at cost less accumulated depreciation and less any accumulated provision for impairment. Cost comprises the cost of acquisition and expenses directly related to the acquisition up until the time when the asset is ready for use. |
| Depreciation is provided at rates estimated to write off the cost amounts, less estimated residual value, of each asset over its expected useful life as follows: |
| Leasehold improvements | 3 years |
| Fixtures and fittings | 3-8 years |
| Stocks |
| Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
| Taxation |
| Current tax and deferred taxation, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred taxation is provided in full on an undiscounted basis, on all timing differences which result in an obligation at the balance sheet date to pay more tax, or a right to pay less tax, at a future date, at rates expected to crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in tax computations in periods different from those in which they are included in the financial statements. |
| Deferred tax assets are recognised where it is considered more likely than not that future profits will be available for offset. |
| 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. |
| Debtors |
| Debtors are valued individually and provisions are made according to this valuation. |
| Apogii Ltd (Registered number: 10662704) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 2. | ACCOUNTING POLICIES - continued |
| Creditors |
| Creditors are carried at payment or settlement amounts. Where the time value of money is material, creditors are carried at amortized cost. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | OPERATING LOSS |
| The operating loss is stated after charging: |
| 2021 | 2020 |
| £ | £ |
| Depreciation - owned assets |
| 5. | INTEREST PAYABLE AND SIMILAR EXPENSES |
| 2021 | 2020 |
| £ | £ |
| Intercompany interest |
| 6. | TAXATION |
| Analysis of the tax charge |
| No liability to UK corporation tax arose for the year ended 30 June 2021 nor for the year ended 30 June 2020. |
| 7. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Leasehold | and |
| improvements | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1 July 2020 |
| Additions |
| At 30 June 2021 |
| DEPRECIATION |
| At 1 July 2020 |
| Charge for year |
| At 30 June 2021 |
| NET BOOK VALUE |
| At 30 June 2021 |
| At 30 June 2020 |
| Apogii Ltd (Registered number: 10662704) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Other debtors |
| Prepayments |
| 9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Trade creditors |
| Other taxation | 3,881 | 2,236 |
| VAT | 5,580 | 1,961 |
| Directors' current accounts | 215,746 | 150,982 |
| Accruals and deferred income |
| 10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2021 | 2020 |
| £ | £ |
| Amounts owed to group undertakings |
| 11. | LEASING AGREEMENTS |
| Minimum lease payments under non-cancellable operating leases fall due as follows: |
| 2021 | 2020 |
| £ | £ |
| Within one year |
| Between one and five years |
| 12. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2021 | 2020 |
| value: | £ | £ |
| Ordinary | 1 | 1 | 1 |
| Apogii Ltd (Registered number: 10662704) |
| Notes to the Financial Statements - continued |
| for the Year Ended 30 June 2021 |
| 13. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1 July 2020 | ( |
) |
| Deficit for the year | ( |
) |
| At 30 June 2021 | ( |
) |
| 14. | ULTIMATE CONTROLLING PARTY |
| The controlling party is E.A.F.M. Holding I ApS. |