Registered number
08856181
As You Like It Building Services Ltd
Filleted Accounts
31 July 2022
As You Like It Building Services Ltd
Registered number: 08856181
Balance Sheet
as at 31 July 2022
Notes 2022 2021
£ £
Fixed assets
Tangible assets 3 14,286 21,777
Current assets
Stocks of tools and materials 40,000 20,000
Stocks of vehicles and goods - 170,850
Debtors 4 188,787 69,704
Cash at bank and in hand - 715
228,787 261,269
Creditors: amounts falling due within one year 5 (195,617) (188,037)
Net current assets 33,170 73,232
Total assets less current liabilities 47,456 95,009
Creditors: amounts falling due after more than one year 6 (47,034) (50,000)
Net assets 422 45,009
Capital and reserves
Called up share capital 1 1
Profit and loss account 421 45,008
Shareholder's funds 422 45,009
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J Muscan, Esq
Director
Approved by the board on 7 November 2023
As You Like It Building Services Ltd
Notes to the Accounts
for the year ended 31 July 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from services provided and the related sale of goods and is recognised when work is carried out and the significant risks and rewards of ownership of the goods have transferred to the customer.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Motor vehicles over 4 years
Computer and office equipment over 3 years
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2021 2,972 27,686 30,658
Disposals (500) - (500)
At 31 July 2022 2,472 27,686 30,158
Depreciation
At 1 August 2021 1,584 7,297 8,881
Charge for the year 694 6,797 7,491
On disposals - (500) (500)
At 31 July 2022 2,278 13,594 15,872
Net book value
At 31 July 2022 194 14,092 14,286
At 31 July 2021 1,388 20,389 21,777
4 Debtors 2022 2021
£ £
Trade debtors 41,448 -
Amounts owed by related parties 141,692 64,682
Other debtors 5,647 5,022
188,787 69,704
5 Creditors: amounts falling due within one year 2022 2021
£ £
Bank loans and overdrafts 9,459 -
Trade creditors 2,058 -
Amounts owed to related parties 84,967 59,205
Taxation and social security costs 27,384 32,294
Other creditors 71,749 96,538
195,617 188,037
Included in creditors is £62,414 (2021: £74,070) owing to the director. The loan is interest-free and there is no fixed date of repayment. The director has confirmed that the loan will only be repaid as and when cash flow permits.
6 Creditors: amounts falling due after one year 2022 2021
£ £
Bank loans 47,034 50,000
7 Related party transactions
The director, Mr J Muscan, is the director and 100% shareholder of ZAPP IT&C Ltd. At the Balance Sheet date there is a balance due from that company of £44,032 (2021: £32,892).
The director, Mr J Muscan, is the director and 50% shareholder of As You Like It Maintenance Ltd. At the Balance Sheet date there is a balance due to the company of £16,857 (2021:(£28,830) due from the company).
The director, Mr J Muscan, is director and controlling shareholder of AYLI Ridings Ltd. At the Balance Sheet date there is a balance due from the company of £97,660. (2021: £2,960)
The director, Mr J Muscan, is a director of As You Like It Building Services Brighton Ltd. At the Balance Sheet date there is a balance due to that company of £68,110 (2021: £59,205)
8 Controlling party
The company is controlled by the director who owns the entire share capital of the company.
9 Other information
As You Like It Building Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
Devonshire House
582 Honeypot Lane
Stanmore
Middlesex
HA7 1JS
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