Apollo Appliances Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 06644155 (England and Wales)

APOLLO APPLIANCES LTD

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

N D Broadley

D S Young

Mrs E A Broadley

Mrs M Young

SECRETARY:

Mr. D S Young

REGISTERED OFFICE:

Unit 3,

Callywhite Lane

Dronfield

Derbyshire

S18 2XP

REGISTERED NUMBER:

06644155 (England and Wales)

ACCOUNTANTS:

Duncan Chartered Accountants

5 Cherrytree

Union Road

Sheffield

South Yorkshire

S11 9EF

FIXED ASSETS

Intangible assets

2

48,960

55,185

Tangible assets

3

48,406

63,401

97,366

118,586

CURRENT ASSETS

Stocks

84,000

131,800

Debtors

25,255

38,863

Cash at bank and in hand

10,356

12,044

119,611

182,707

CREDITORS

Amounts falling due within one year

4

192,052

263,053

NET CURRENT LIABILITIES

(72,441

)

(80,346

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

24,925

38,240

CREDITORS

Amounts falling due after more than one
year

(8,935

)

(16,027

)

PROVISIONS FOR LIABILITIES

(8,205

)

(11,216

)

NET ASSETS

7,785

10,997

CAPITAL AND RESERVES

Called up share capital

5

200

Profit and loss account

7,585

10,797

SHAREHOLDERS' FUNDS

7,785

10,997

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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.

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 18 May 2017 and were signed on its behalf by:

D S Young - Director

N D Broadley - Director

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 2008, is being amortised evenly over its estimated useful life of twenty years.

Website costs

The set up costs of the website have been capitalised and will be amortised over three years. The ongoing

support, licence and hosting costs have been treated as revenue expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Short leasehold

-

10% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and

slow moving items.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

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.

2.	INTANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

and 31 October 2016

88,035

AMORTISATION

At 1 November 2015

32,850

Amortisation for year

6,225

At 31 October 2016

39,075

NET BOOK VALUE

At 31 October 2016

48,960

At 31 October 2015

55,185

3.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

137,225

Additions

2,614

At 31 October 2016

139,839

DEPRECIATION

At 1 November 2015

73,824

Charge for year

17,609

At 31 October 2016

91,433

NET BOOK VALUE

At 31 October 2016

48,406

At 31 October 2015

63,401

4.

CREDITORS

Creditors include an amount of £ 65,464 (31.10.15 - £ 80,723 ) for which security has been given.

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

200

ORD "A"

1.00

200