REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 November 2015 |
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for |
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Apollo Cradles Limited |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 November 2015 |
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for |
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Apollo Cradles Limited |
Apollo Cradles Limited (Registered number: 02764092) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 November 2015 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
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Chartered Accountants' Report | 7 |
Apollo Cradles Limited |
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Company Information |
for the Year Ended 30 November 2015 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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CHARTERED ACCOUNTANTS & |
REGISTERED AUDITORS |
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Apollo Cradles Limited (Registered number: 02764092) |
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Abbreviated Balance Sheet |
30 November 2015 |
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2015 | 2014 |
Notes | £ | £ |
FIXED ASSETS |
Intangible assets | 2 |
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Tangible assets | 3 |
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Investments | 4 |
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CURRENT ASSETS |
Stocks |
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Debtors |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
(915,289 |
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(1,176,834 |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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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) |
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Abbreviated Balance Sheet - continued |
30 November 2015 |
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The financial statements were approved by the Board of Directors on
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Apollo Cradles Limited (Registered number: 02764092) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 November 2015 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents net invoiced sales of goods, excluding value added tax. |
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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. |
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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. |
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Tangible fixed assets |
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Freehold property | - |
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Improvements to property | - |
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Plant and machinery | - |
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Fixtures and fittings | - |
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Motor vehicles | - |
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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. |
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Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads. |
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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. |
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Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no |
commitment to sell the asset. |
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Deferred tax assets and liabilities are not discontinued. |
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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. |
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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. |
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Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the |
period of the lease. |
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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) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 November 2015 |
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1. | ACCOUNTING POLICIES - continued |
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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. |
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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. |
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2. | INTANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 December 2014 |
and 30 November 2015 |
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AMORTISATION |
At 1 December 2014 |
and 30 November 2015 |
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NET BOOK VALUE |
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At 30 November 2015 |
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At 30 November 2014 |
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3. | TANGIBLE FIXED ASSETS |
Total |
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COST |
At 1 December 2014 |
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Additions |
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At 30 November 2015 |
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DEPRECIATION |
At 1 December 2014 |
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Charge for year |
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At 30 November 2015 |
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NET BOOK VALUE |
At 30 November 2015 |
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At 30 November 2014 |
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Apollo Cradles Limited (Registered number: 02764092) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 November 2015 |
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4. | FIXED ASSET INVESTMENTS |
Investments |
other |
than |
loans |
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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 |
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At 30 November 2014 |
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5. | CREDITORS |
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Creditors include the following debts falling due in more than five years: |
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2015 | 2014 |
£ | £ |
Repayable by instalments | 170,727 | 172,013 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
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Ordinary | £1 |
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7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
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Included in current liabilities is an amount of £3,314 (2014 - £1,549) in respect of a loan from the director. |
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During the year the company paid rent to the director in the amount of £52,800 (2014 - £52,800) for properties |
used. |
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8. | CONTROLLING PARTY |
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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 |
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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. |
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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. |
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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. |
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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. |
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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. |
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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. |
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CHARTERED ACCOUNTANTS & |
REGISTERED AUDITORS |
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12 May 2016 |