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REGISTERED NUMBER: 04820185 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

Ian Austin Plastering Limited

Ian Austin Plastering Limited (Registered number: 04820185)






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


Ian Austin Plastering Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: I Austin



SECRETARY: Mrs T A Austin



REGISTERED OFFICE: 45 Bakewell Drive
Wigan
Lancashire
WN6 8QH



REGISTERED NUMBER: 04820185 (England and Wales)



ACCOUNTANTS: Ashford Rainham Limited
10-12 Upper Dicconson St
Wigan
Lancashire
WN1 2AD



BANKERS: Bank of Scotland
2nd Floor
Kintail House
Beechwood Park
Inverness
IV2 3BW

Ian Austin Plastering Limited (Registered number: 04820185)

Balance Sheet
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 27,707 36,686

CURRENT ASSETS
Debtors 5 171,557 115,591
Cash at bank and in hand 80,699 52,180
252,256 167,771
CREDITORS
Amounts falling due within one year 6 145,721 88,852
NET CURRENT ASSETS 106,535 78,919
TOTAL ASSETS LESS CURRENT
LIABILITIES

134,242

115,605

PROVISIONS FOR LIABILITIES 5,265 6,970
NET ASSETS 128,977 108,635

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 128,877 108,535
SHAREHOLDERS' FUNDS 128,977 108,635

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 his 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 9 November 2023 and were signed by:





I Austin - Director


Ian Austin Plastering Limited (Registered number: 04820185)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Ian Austin Plastering 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.

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 25% on reducing balance

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 4 ) .

Ian Austin Plastering Limited (Registered number: 04820185)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 113,292
Additions 708
At 31 March 2023 114,000
DEPRECIATION
At 1 April 2022 76,606
Charge for year 9,687
At 31 March 2023 86,293
NET BOOK VALUE
At 31 March 2023 27,707
At 31 March 2022 36,686

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 142,142 98,052
Other debtors 29,415 17,539
171,557 115,591

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Hire purchase contracts 10,591 18,363
Trade creditors 82,774 39,187
Taxation and social security 27,757 12,781
Other creditors 24,599 18,521
145,721 88,852