Apollo Business Management Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05437770 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 January 2018

for

APOLLO BUSINESS MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Director:

Mr E Fremantle

Secretary:

Ms A M J Fremantle

Registered office:

36 Church Road

West Drayton

Hillingdon

UB7 7PX

Registered number:

05437770 (England and Wales)

Accountants:

Haines Watts

Chartered Accountants

305 Regents Park Road

Finchley

London

N3 1DP

Fixed assets

Tangible assets

4

470

-

Current assets

Debtors

5

7,282

8,430

Cash at bank

29,062

1,106

36,344

9,536

Creditors

Amounts falling due within one year

6

25,448

11,487

Net current assets/(liabilities)

10,896

(1,951

)

Total assets less current liabilities

11,366

(1,951

)

Provisions for liabilities

7

90

-

Net assets/(liabilities)

11,276

(1,951

)

Capital and reserves

Called up share capital

8

2

2

Retained earnings

11,274

(1,953

)

Shareholders' funds

11,276

(1,951

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2018 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director on 3 August 2018 and were signed by:

Mr E Fremantle - Director

1.	Statutory information

Apollo Business Management Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires

management to make estimates and judgement that affect the reported amounts of assets and liabilities as well

as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of

revenues and expenses during the reporting period.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is

carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as

accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately

prove to be uncollectable.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried

out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate

as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried

out by management regularly. Whilst every attempt is made to ensure that the deferred tax is as accurate as

possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed

off.

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

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

Computer equipment

-

25% on reducing balance

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party

to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial

recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the

effective interest rate method. A provision is established when there is objective evidence that the company will

not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank.

Financial liabilities and equity instruments issued by the company are classified in accordance with the

substance of the contractual arrangements entered into and the definitions of a financial liability and an equity

instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company

after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds

received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account,

except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

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

balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different

from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and

laws that have been enacted or substantively enacted by the year end and that are expected to apply to the

reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	Employees and directors

The average number of employees during the year was 1 (2017 - 1 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 February 2017

783

Additions

626

Disposals

(783

)

At 31 January 2018

626

Depreciation

At 1 February 2017

783

Charge for year

156

Eliminated on disposal

(783

)

At 31 January 2018

156

Net book value

At 31 January 2018

470

At 31 January 2017

-

5.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

7,282

5,700

Other debtors

-

2,730

7,282

8,430

6.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

705

1,334

Taxation and social security

10,935

10,153

Other creditors

13,808

-

25,448

11,487

7.	Provisions for liabilities

2018

2017

£

£

Deferred tax

90

-

Deferred tax

£

Provided during year

90

Balance at 31 January 2018

90

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2018

2017

value:

£

£

2

Ordinary

£1

2

2

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the year ended 31 January 2018 and the

period ended 31 January 2017:

2018

2017

£

£

Mr E Fremantle

Balance outstanding at start of year

2,730

3,824

Amounts advanced

23,640

14,929

Amounts repaid

(40,178

)

(16,023

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(13,808

)

2,730