APOLLO LIGHTING LIMITED

Accounts Analysis

The following analysis is opinion only and should not be interpreted as financial advice.

The analysis is based on the following accounts:

Annual Accounts dated 31 March 2021
Company: Apollo Lighting Limited

Financial Year: 31 March 2021

Registered Office:
Unit D9 Cross Green Approach
Cross Green Industrial Estate
Leeds, West Yorkshire
LS9 0SG

Accountants: Dey & Co.
Brookdale
41 Clarence Road
Chesterfield, Derbyshire
S40 1LH

Bankers: HSBC
33 Park Row
Leeds
LS1 1LD

Analysis:

1. Financial Position:
- Fixed assets, including tangible assets, decreased from £51,960 in July 2020 to £49,810 in March 2021.
- Current assets, comprising stocks, debtors, and cash at bank and in hand, increased from £1,206,090 in July 2020 to £1,213,511 in March 2021.
- Creditors expected to be paid within one year decreased from £265,422 in July 2020 to £230,212 in March 2021.
- Net current assets (current assets minus creditors) increased from £940,668 in July 2020 to £983,299 in March 2021.
- Total assets less current liabilities increased from £992,628 in July 2020 to £1,033,109 in March 2021.
- Provisions for liabilities increased from £7,843 in July 2020 to £9,161 in March 2021.
- Net assets increased from £984,785 in July 2020 to £1,023,948 in March 2021.
- Shareholders' funds increased from £984,785 in July 2020 to £1,023,948 in March 2021.

2. Capital and Reserves:
- Called up share capital increased from £3,156 in July 2020 to £3,326 in March 2021.
- Share premium account was introduced with a balance of £4,063 in March 2021.
- Capital redemption reserve remained unchanged at £2,432.
- Profit and loss account increased from £979,197 in July 2020 to £1,014,127 in March 2021.

3. Audit Exemption:
- The company was entitled to the exemption from audit under section 477 of the Companies Act 2006, applicable to small companies, for the period ending 31 March 2021.
- The directors acknowledge their responsibilities for complying with the requirements of the Act in respect to accounting records and the preparation of financial statements.

Conclusion:
Based on the provided information, Apollo Lighting Limited appears to be financially healthy and solvent. The company's net assets and shareholders' funds have increased, indicating positive financial performance. Additionally, the company has a favorable current asset position with more cash, debtors, and stock than creditors. However, further analysis is necessary to gain a comprehensive understanding of the company's financial health, such as reviewing profitability, cash flow, and comparing financial ratios with industry benchmarks.

Please let us know if this is useful to you by sending us a message - click here

Return to APOLLO LIGHTING LIMITED overview