Apollo Cradles Limited - Abbreviated accounts 16.1

Apollo Cradles Limited - Abbreviated accounts 16.1


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REGISTERED NUMBER: 02764092 (England and Wales)









Abbreviated Unaudited Accounts

for the Year Ended 30 November 2015

for

Apollo Cradles Limited

Apollo Cradles Limited (Registered number: 02764092)






Contents of the Abbreviated Accounts
for the Year Ended 30 November 2015




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Chartered Accountants' Report 7

Apollo Cradles Limited

Company Information
for the Year Ended 30 November 2015







DIRECTORS: K Herbert
D J Brady





SECRETARY: Mrs A Stringer





REGISTERED OFFICE: 428 Carlton Road
Carlton
Barnsley
S71 3HX





REGISTERED NUMBER: 02764092 (England and Wales)





ACCOUNTANTS: VOICE & CO ACCOUNTANCY SERVICES LIMITED
CHARTERED ACCOUNTANTS &
REGISTERED AUDITORS
14 Jessops Riverside
800 Brightside Lane
Sheffield
S9 2RX

Apollo Cradles Limited (Registered number: 02764092)

Abbreviated Balance Sheet
30 November 2015

2015 2014
Notes £    £   
FIXED ASSETS
Intangible assets 2 - -
Tangible assets 3 2,747,687 3,063,131
Investments 4 - -
2,747,687 3,063,131

CURRENT ASSETS
Stocks 55,900 3,259
Debtors 1,800,975 949,855
Cash at bank and in hand 420,157 171,528
2,277,032 1,124,642
CREDITORS
Amounts falling due within one year (1,678,361 ) (1,198,958 )
NET CURRENT ASSETS/(LIABILITIES) 598,671 (74,316 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,346,358

2,988,815

CREDITORS
Amounts falling due after more than one
year

5

(915,289

)

(1,176,834

)

PROVISIONS FOR LIABILITIES (157,576 ) (146,538 )
NET ASSETS 2,273,493 1,665,443

CAPITAL AND RESERVES
Called up share capital 6 2 2
Profit and loss account 2,273,491 1,665,441
SHAREHOLDERS' FUNDS 2,273,493 1,665,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2015 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Apollo Cradles Limited (Registered number: 02764092)

Abbreviated Balance Sheet - continued
30 November 2015


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 12 May 2016 and were signed on its behalf by:





K Herbert - Director


Apollo Cradles Limited (Registered number: 02764092)

Notes to the Abbreviated Accounts
for the Year Ended 30 November 2015

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in accordance with the
Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover
Turnover represents net invoiced sales of goods, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being written off
evenly over its estimated useful life of ten years.

The Goodwill transferred in the year relates to the Companys' investment in Crown Access Limited. The business
has been transferred to Apollo Cradles Limited and the Goodwill represents the costs of the investment over and
above the value of assets acquired. This is also being written off over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Freehold property - 4% on cost
Improvements to property - 4% on cost
Plant and machinery - 20% on cost and 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost and 15% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance
for obsolete and slow moving items.

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods
different from those in which they are included in the company's accounts. Deferred tax is provided in full on
timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates
that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no
commitment to sell the asset.

Deferred tax assets and liabilities are not discontinued.

Hire purchase and leasing
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held
under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases
are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant period. The
capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

Assets leased under hire purchase or finance leases are included under debtors at selling price less amounts
charged against rentals to date. Income from finance leases is allocated to each year on the basis of a constant
rate of return on funds invested.

Apollo Cradles Limited (Registered number: 02764092)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 November 2015

1. ACCOUNTING POLICIES - continued

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 the profit and loss account in the period to which they relate.

Government grants
Grants received for the purchase of property and equipment are netted off against the cost of the addition. Grants
received for the creation of new jobs are taken to the Profit & Loss account in the year of receipt.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2014
and 30 November 2015 464,800
AMORTISATION
At 1 December 2014
and 30 November 2015 464,800
NET BOOK VALUE

At 30 November 2015 -
At 30 November 2014 -

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 December 2014 4,555,951
Additions 271,839
At 30 November 2015 4,827,790
DEPRECIATION
At 1 December 2014 1,492,820
Charge for year 587,283
At 30 November 2015 2,080,103
NET BOOK VALUE
At 30 November 2015 2,747,687
At 30 November 2014 3,063,131

Apollo Cradles Limited (Registered number: 02764092)

Notes to the Abbreviated Accounts - continued
for the Year Ended 30 November 2015

4. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST
At 1 December 2014
and 30 November 2015 1
PROVISIONS
At 1 December 2014
and 30 November 2015 1
NET BOOK VALUE
At 30 November 2015 -
At 30 November 2014 -

5. CREDITORS

Creditors include the following debts falling due in more than five years:

2015 2014
£    £   
Repayable by instalments 170,727 172,013

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
2 Ordinary £1 2 2

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in current liabilities is an amount of £3,314 (2014 - £1,549) in respect of a loan from the director.

During the year the company paid rent to the director in the amount of £52,800 (2014 - £52,800) for properties
used.

8. CONTROLLING PARTY

In March 2016 a holding company was formed, Apollo Access Holdings Limited, and Mr Herbert transferred his
100% shareholding in Apollo Cradles Limited to this holding company. Mr Herbert owns 100% of the shares in
the holding company and therefore is the ultimate controlling party.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Apollo Cradles Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual
unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to six) have
been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the
financial statements of Apollo Cradles Limited for the year ended 30 November 2015 which comprise the Profit and
Loss Account, the Balance Sheet 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 at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Apollo Cradles Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Apollo Cradles Limited and state those matters that we have agreed to state to the Board of Directors of Apollo Cradles Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Apollo Cradles Limited 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 profit of Apollo Cradles Limited. You consider that Apollo Cradles Limited 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 Apollo Cradles Limited. 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.






VOICE & CO ACCOUNTANCY SERVICES LIMITED
CHARTERED ACCOUNTANTS &
REGISTERED AUDITORS
14 Jessops Riverside
800 Brightside Lane
Sheffield
S9 2RX


12 May 2016