Caseware UK (AP4) 2021.0.152 2021.0.152 The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false2021-01-01No description of principal activity3232truetrue 01869439 2021-01-01 2021-12-31 01869439 2020-01-01 2020-12-31 01869439 2021-12-31 01869439 2020-12-31 01869439 2020-01-01 01869439 c:Director1 2021-01-01 2021-12-31 01869439 c:Director3 2021-01-01 2021-12-31 01869439 d:PlantMachinery 2021-01-01 2021-12-31 01869439 d:PlantMachinery 2021-12-31 01869439 d:PlantMachinery 2020-12-31 01869439 d:PlantMachinery d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 01869439 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 01869439 d:MotorVehicles 2021-01-01 2021-12-31 01869439 d:MotorVehicles 2021-12-31 01869439 d:MotorVehicles 2020-12-31 01869439 d:MotorVehicles d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 01869439 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 01869439 d:OwnedOrFreeholdAssets 2021-01-01 2021-12-31 01869439 d:LeasedAssetsHeldAsLessee 2021-01-01 2021-12-31 01869439 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2021-12-31 01869439 d:DevelopmentCostsCapitalisedDevelopmentExpenditure 2020-12-31 01869439 d:CurrentFinancialInstruments 2021-12-31 01869439 d:CurrentFinancialInstruments 2020-12-31 01869439 d:Non-currentFinancialInstruments 2021-12-31 01869439 d:Non-currentFinancialInstruments 2020-12-31 01869439 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 01869439 d:CurrentFinancialInstruments d:WithinOneYear 2020-12-31 01869439 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 01869439 d:Non-currentFinancialInstruments d:AfterOneYear 2020-12-31 01869439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 01869439 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2020-12-31 01869439 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 01869439 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2020-12-31 01869439 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2021-12-31 01869439 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2020-12-31 01869439 d:ShareCapital 2021-12-31 01869439 d:ShareCapital 2020-12-31 01869439 d:RetainedEarningsAccumulatedLosses 2021-12-31 01869439 d:RetainedEarningsAccumulatedLosses 2020-12-31 01869439 c:OrdinaryShareClass1 2021-01-01 2021-12-31 01869439 c:OrdinaryShareClass1 2021-12-31 01869439 c:OrdinaryShareClass1 2020-12-31 01869439 c:OrdinaryShareClass2 2021-01-01 2021-12-31 01869439 c:OrdinaryShareClass2 2021-12-31 01869439 c:OrdinaryShareClass2 2020-12-31 01869439 c:FRS102 2021-01-01 2021-12-31 01869439 c:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 01869439 c:FullAccounts 2021-01-01 2021-12-31 01869439 c:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31 01869439 2 2021-01-01 2021-12-31 01869439 d:AcceleratedTaxDepreciationDeferredTax 2021-12-31 01869439 d:AcceleratedTaxDepreciationDeferredTax 2020-12-31 01869439 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2021-12-31 01869439 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2020-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 01869439










Astro Communications Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 December 2021

 
Astro Communications Limited
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Astro Communications Limited for the Year Ended 31 December 2021

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astro Communications Limited for the year ended 31 December 2021 which comprise  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 https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Astro Communications Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Astro Communications Limited  and state those matters that we have agreed to state to the Board of directors of Astro Communications Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astro Communications Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Astro Communications 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 Astro Communications Limited. You consider that Astro Communications Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Astro Communications 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.

  



Kreston Reeves LLP
 
Chartered Accountants
  
Montague Place
Quayside
Chatham Maritime
Chatham
Kent
ME4 4QU
23 August 2022
Page 1

 
Astro Communications Limited
Registered number: 01869439

Balance sheet
As at 31 December 2021

2021
2020
Note
£
£

Fixed assets
  

Tangible assets
 3 
50,840
36,737

  
50,840
36,737

Current assets
  

Stocks
  
305,006
261,987

Debtors: amounts falling due within one year
 4 
896,765
1,068,509

Cash at bank and in hand
  
362,169
422,487

  
1,563,940
1,752,983

Creditors: amounts falling due within one year
 5 
(683,733)
(712,776)

Net current assets
  
 
 
880,207
 
 
1,040,207

Total assets less current liabilities
  
931,047
1,076,944

Creditors: amounts falling due after more than one year
 6 
(233,333)
(312,644)

Provisions for liabilities
  

Deferred tax
 8 
(9,240)
(6,468)

  
 
 
(9,240)
 
 
(6,468)

Net assets
  
688,474
757,832

Page 2

 
Astro Communications Limited
Registered number: 01869439

Balance sheet (continued)
As at 31 December 2021

2021
2020
Note
£
£

Capital and reserves
  

Called up share capital 
 9 
125
125

Profit and loss account
  
688,349
757,707

  
688,474
757,832


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 23 August 2022.




S J Hodges
R Trollope
Director
Director

The notes on pages 4 to 13 form part of these financial statements.

Page 3

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

General information

Astro Communications Limited is a private company limited by shares and is incorporated in England with the company registration number 01869439. The address of the registered office is Montague Place, Quayside, Chatham Maritime, Chatham, Kent, ME4 4QU. The principal place of business is Hawley Manor, Hawley Road, Dartford, Kent, England, DA1 1PX. 

1.Accounting policies

 
1.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
1.2

Going concern

The financial statements have been prepared on a going concern basis. While the impact of the Covid-19 virus has been assessed by the director, so far as reasonably possible, due to its unprecedented impact on the wider economy, it is difficult to evaluate with any certainty the potential outcomes on the company’s trade, its customers and suppliers. However, taking into consideration the UK Government’s response and the company’s planning, the directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

 
1.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 4

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

1.Accounting policies (continued)

 
1.4

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
1.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Plant and machinery
-
20%/25%/33.3% straight line, 15%/25% reducing balance
Motor vehicles
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
1.6

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
1.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
1.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 5

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

1.Accounting policies (continued)

 
1.9

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of income and retained earnings.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract.

 
1.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
1.11

Government grants

Grants are accounted under the accruals model as permitted by FRS 102. Grants relating to expenditure on tangible fixed assets are credited to profit or loss at the same rate as the depreciation on the assets to which the grant relates. The deferred element of grants is included in creditors as deferred income.
Grants of a revenue nature are recognised in the Statement of income and retained earnings in the same period as the related expenditure.

Page 6

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

1.Accounting policies (continued)

 
1.12

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of income and retained earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
1.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
1.14

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
1.15

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
1.16

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 7

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

1.Accounting policies (continued)

 
1.17

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
1.18

Research and development

In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research shall be recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised on a straight line basis over their useful economic lives, which range from 3 to 6 years.
If it is not possible to distinguish between the research phase and the development phase of an internal project, the expenditure is treated as if it were all incurred in the research phase only.

Page 8

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

2.


Intangible assets




Development expenditure

  



Cost


At 1 January 2021
136,403



At 31 December 2021

136,403



Amortisation


At 1 January 2021
136,403



At 31 December 2021

136,403



Net book value



At 31 December 2021
-



At 31 December 2020
-



Page 9

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

3.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 January 2021
689,104
11,665
700,769


Additions
37,453
-
37,453



At 31 December 2021

726,557
11,665
738,222



Depreciation


At 1 January 2021
656,024
8,008
664,032


Charge for the year on owned assets
22,436
421
22,857


Charge for the year on financed assets
-
493
493



At 31 December 2021

678,460
8,922
687,382



Net book value



At 31 December 2021
48,097
2,743
50,840



At 31 December 2020
33,080
3,657
36,737

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2021
2020
£
£



Motor vehicles
1,479
1,972


4.


Debtors

2021
2020
£
£


Trade debtors
670,800
830,932

Other debtors
14,113
60,920

Prepayments and accrued income
211,852
176,657

896,765
1,068,509


Page 10

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

5.


Creditors: Amounts falling due within one year

2021
2020
£
£

Bank loans
70,000
52,500

Other loans
15,144
28,063

Trade creditors
380,505
331,451

Corporation tax
12,022
42,559

Other taxation and social security
93,859
170,989

Other creditors
76,582
50,411

Accruals and deferred income
35,621
36,803

683,733
712,776



6.


Creditors: Amounts falling due after more than one year

2021
2020
£
£

Bank loans
233,333
297,500

Other loans
-
15,144

233,333
312,644


The following liabilities were secured:

2021
2020
£
£



Other loans due after more than one year
-
15,144

Details of security provided:

The above loan is secured by personal guarantees from the directors.

Page 11

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

7.


Loans


Analysis of the maturity of loans is given below:


2021
2020
£
£

Amounts falling due within one year

Bank loans
70,000
52,500

Other loans
15,144
28,063

Amounts falling due 1-2 years

Bank loans
70,000
70,000

Other loans
-
15,144

Amounts falling due 2-5 years

Bank loans
163,333
210,000

Amounts falling due after more than 5 years

Bank loans
-
17,500

318,477
393,207



8.


Deferred taxation




2021
2020


£

£






At beginning of year
(6,468)
(11,658)


Charged to profit or loss
(2,772)
5,190



At end of year
(9,240)
(6,468)

The provision for deferred taxation is made up as follows:

2021
2020
£
£


Accelerated capital allowances
(9,240)
(6,468)

Page 12

 
Astro Communications Limited
 

 
Notes to the financial statements
For the Year Ended 31 December 2021

9.


Share capital

2021
2020
£
£
Allotted, called up and fully paid



100 (2020 - 100) Ordinary shares of £1.00 each
100
100
25 (2020 - 25) Ordinary B shares of £1.00 each
25
25

125

125



10.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £26,191 (2020 - £25,166). Contributions totalling £3,139 (2020 - £3,182) were payable to the fund at the balance sheet date and are included in creditors.


11.


Related party transactions

At the balance sheet date, the S Hodges owed the company £3,414 (2020: £50,720) which is shown within other debtors.
During the year the company paid dividends to Astro Technology Group Ltd who is the parent company of the group totalling £252,320 (2020: £153,320).
All other transactions with related parties that arose during the current and prior years, including any directors' remuneration payable, were done so under normal market conditions.


Page 13