Apollo Commercials Limited

Apollo Commercials Limited

APOLLO COMMERCIALS LIMITED - Company Information

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1 June 2022 false No description of principal activity Taxfiler 2023.14 07649391business:PrivateLimitedCompanyLtd2022-06-012023-05-31 076493912022-05-31 076493912022-06-012023-05-31 07649391business:AuditExemptWithAccountantsReport2022-06-012023-05-31 07649391business:AbridgedAccounts2022-06-012023-05-31 076493912023-05-31 07649391business:Director12022-06-012023-05-31 07649391business:Director22022-06-012023-05-31 07649391business:RegisteredOffice2022-06-012023-05-31 076493912022-05-31 07649391core:WithinOneYear2023-05-31 07649391core:WithinOneYear2022-05-31 07649391core:AfterOneYear2023-05-31 07649391core:AfterOneYear2022-05-31 07649391core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 07649391core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 07649391core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 07649391core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 07649391core:PreviouslyStatedAmount2023-05-31 07649391core:PreviouslyStatedAmount2022-05-31 07649391business:SmallEntities2022-06-012023-05-31 07649391countries:EnglandWales2022-06-012023-05-31 07649391business:OrdinaryShareClass12022-06-012023-05-31 07649391business:OrdinaryShareClass12021-06-012022-05-31 07649391core:BetweenOneFiveYears2023-05-31 07649391core:BetweenOneFiveYears2022-05-31 076493912021-06-012022-05-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07649391 (England and Wales)
Apollo Commercials Limited Unaudited accounts for the year ended 31 May 2023
Apollo Commercials Limited Unaudited accounts Contents
Page
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Apollo Commercials Limited Company Information for the year ended 31 May 2023
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 2023
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 2023 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 https://www.accaglobal.com/uk/en/about-us/regulation/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 29 February 2024
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Apollo Commercials Limited Statement of financial position as at 31 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
2,020,677 
2,020,677 
Current assets
Debtors
22,746 
1,144 
Cash at bank and in hand
3,410 
4,338 
26,156 
5,482 
Creditors: amounts falling due within one year
(37,023)
(17,992)
Net current liabilities
(10,867)
(12,510)
Total assets less current liabilities
2,009,810 
2,008,167 
Creditors: amounts falling due after more than one year
(1,231,261)
(1,254,426)
Provisions for liabilities
Deferred tax
(95,000)
(95,000)
Net assets
683,549 
658,741 
Capital and reserves
Called up share capital
5
75,000 
75,000 
Profit and loss account
608,549 
583,741 
Shareholders' funds
683,549 
658,741 
For the year ending 31 May 2023 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.
The financial statements were approved by the Board of Directors and authorised for issue on 29 February 2024 and were signed on its behalf by
Mr Jatin Kapoor Director Company Registration No. 07649391
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Apollo Commercials Limited Notes to the Accounts for the year ended 31 May 2023
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 2022
2,021,730 
At 31 May 2023
2,021,730 
Depreciation
At 1 June 2022
1,053 
At 31 May 2023
1,053 
Net book value
At 31 May 2023
2,020,677 
At 31 May 2022
2,020,677 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
75,000 Ordinary shares of £1 each
75,000 
75,000 
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Apollo Commercials Limited Notes to the Accounts for the year ended 31 May 2023
6
Operating lease commitments
2023 
2022 
£ 
£ 
At 31 May 2023 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
12,891 
- 
Later than one year and not later than five years
18,263 
- 
31,154 
- 
7
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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