IRIS Accounts Production v23.2.0.158 07065010 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure070650102022-03-31070650102023-03-31070650102022-04-012023-03-31070650102021-03-31070650102021-04-012022-03-31070650102022-03-3107065010ns16:EnglandWales2022-04-012023-03-3107065010ns15:PoundSterling2022-04-012023-03-3107065010ns11:Director12022-04-012023-03-3107065010ns11:PrivateLimitedCompanyLtd2022-04-012023-03-3107065010ns11:SmallEntities2022-04-012023-03-3107065010ns11:AuditExempt-NoAccountantsReport2022-04-012023-03-3107065010ns11:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3107065010ns11:SmallCompaniesRegimeForAccounts2022-04-012023-03-3107065010ns11:FullAccounts2022-04-012023-03-3107065010ns11:RegisteredOffice2022-04-012023-03-3107065010ns6:CurrentFinancialInstruments2023-03-3107065010ns6:CurrentFinancialInstruments2022-03-3107065010ns6:Non-currentFinancialInstruments2023-03-3107065010ns6:Non-currentFinancialInstruments2022-03-3107065010ns6:ShareCapital2023-03-3107065010ns6:ShareCapital2022-03-3107065010ns6:RetainedEarningsAccumulatedLosses2023-03-3107065010ns6:RetainedEarningsAccumulatedLosses2022-03-3107065010ns6:PlantMachinery2022-04-012023-03-3107065010ns6:FurnitureFittings2022-04-012023-03-3107065010ns6:ComputerEquipment2022-04-012023-03-3107065010ns6:PlantMachinery2022-03-3107065010ns6:FurnitureFittings2022-03-3107065010ns6:ComputerEquipment2022-03-3107065010ns6:PlantMachinery2023-03-3107065010ns6:FurnitureFittings2023-03-3107065010ns6:ComputerEquipment2023-03-3107065010ns6:PlantMachinery2022-03-3107065010ns6:FurnitureFittings2022-03-3107065010ns6:ComputerEquipment2022-03-3107065010ns6:WithinOneYearns6:CurrentFinancialInstruments2023-03-3107065010ns6:WithinOneYearns6:CurrentFinancialInstruments2022-03-3107065010ns11:Director112022-03-3107065010ns11:Director112021-03-3107065010ns11:Director112022-04-012023-03-3107065010ns11:Director112021-04-012022-03-3107065010ns11:Director112023-03-3107065010ns11:Director112022-03-31
REGISTERED NUMBER: 07065010 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

A508 LIMITED

A508 LIMITED (REGISTERED NUMBER: 07065010)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A508 LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: V Torres Monton





REGISTERED OFFICE: 4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU





BUSINESS ADDRESS: Flat A508 The Jam Factory
27 Green Walk
London
SE1 4TT





REGISTERED NUMBER: 07065010 (England and Wales)





ACCOUNTANTS: Hartley Fowler LLP
Chartered Accountants
4th Floor Tuition House
27-37 St George's Road
Wimbledon
London
SW19 4EU

A508 LIMITED (REGISTERED NUMBER: 07065010)

BALANCE SHEET
31 MARCH 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 610 594

CURRENT ASSETS
Debtors 5 181,484 -
Cash at bank 275,943 356,505
457,427 356,505
CREDITORS
Amounts falling due within one year 6 44,822 43,802
NET CURRENT ASSETS 412,605 312,703
TOTAL ASSETS LESS CURRENT
LIABILITIES

413,215

313,297

CREDITORS
Amounts falling due after more than one
year

7

20,321

25,947
NET ASSETS 392,894 287,350

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 392,893 287,349
SHAREHOLDERS' FUNDS 392,894 287,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 August 2023 and were signed by:





V Torres Monton - Director


A508 LIMITED (REGISTERED NUMBER: 07065010)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023


1. STATUTORY INFORMATION

A508 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 Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at fair value of the consideration received or receivable excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivables or payables within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

A508 LIMITED (REGISTERED NUMBER: 07065010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2022 1,335 1,178 9,571 12,084
Additions - - 300 300
At 31 March 2023 1,335 1,178 9,871 12,384
DEPRECIATION
At 1 April 2022 1,335 1,159 8,996 11,490
Charge for year - 18 266 284
At 31 March 2023 1,335 1,177 9,262 11,774
NET BOOK VALUE
At 31 March 2023 - 1 609 610
At 31 March 2022 - 19 575 594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 181,484 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 4,064 5,189
Trade creditors 242 -
Taxation and social security 36,367 26,817
Other creditors 4,149 11,796
44,822 43,802

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 20,321 25,947

A508 LIMITED (REGISTERED NUMBER: 07065010)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2023


8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
V Torres Monton
Balance outstanding at start of year 6,067 (4,496 )
Amounts advanced 180,541 47,453
Amounts repaid (5,124 ) (36,890 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 181,484 6,067

The loan is not secured, bears interest at 2.0% (2022: 2.0% ) and has no repayment terms.