Registration number: 08668456

Aston Hughes Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 7

Aston Hughes Limited

Company Information

Directors

A D Erasmus G G Hickerton G Lowe

Registered office

Selby Towers 29 Princes Drive Colwyn Bay Conwy LL29 8PE

Aston Hughes Limited

(Registration number: 08668456)
Balance Sheet as at 31 January 2023

	Note	2023 £	2022 £
Fixed assets
Tangible assets	4	166,650	169,579
Current assets
Work in progress	5	60,770	62,899
Debtors	6	504,481	415,019
Cash at bank and in hand		330,355	271,225
		895,606	749,143
Creditors: Amounts falling due within one year	7	(1,062,060)	(918,525)
Net current liabilities		(166,454)	(169,382)
Net assets		196	197
Capital and reserves
Called up share capital	8	120	120
Retained earnings		76	77
Shareholders' funds		196	197

For the financial year ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 22 September 2023 and signed on its behalf by:
 

......................................... A D Erasmus Director

Aston Hughes Limited

(Registration number: 08668456)
Balance Sheet as at 31 January 2023

......................................... G G Hickerton Director

......................................... G Lowe Director

Aston Hughes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Selby Towers
29 Princes Drive
Colwyn Bay
Conwy
LL29 8PE

These financial statements were authorised for issue by the Board on 22 September 2023.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Aston Hughes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Fixtures, fittings and equipment	33.3% straight line

Work in progress

Work in progress is recognised at the anticipated sales value for work undertaken at each reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2022 - 15).

Aston Hughes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

4	Tangible assets

	Land and buildings £	Furniture, fittings and equipment  £	Total £
Cost or valuation
At 1 February 2022	166,650	11,707	178,357
At 31 January 2023	166,650	11,707	178,357
Depreciation
At 1 February 2022	-	8,778	8,778
Charge for the year	-	2,929	2,929
At 31 January 2023	-	11,707	11,707
Carrying amount
At 31 January 2023	166,650	-	166,650
At 31 January 2022	166,650	2,929	169,579

Included within the net book value of land and buildings above is £166,650 (2022 - £166,650) in respect of freehold land and buildings.
 

5	Work in progress

	2023 £	2022 £
Work in progress	60,770	62,899

6

Debtors

Current	2023 £	2022 £
Trade debtors	494,992	405,098
Other debtors	9,489	9,921
	504,481	415,019

Aston Hughes Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2023

7

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Trade creditors	6,026	3,228
Taxation and social security	178,213	154,045
Other creditors	877,821	761,252
	1,062,060	918,525