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REGISTERED NUMBER: 01460897 (England and Wales)




















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Astromount Developments Limited

Astromount Developments Limited (Registered number: 01460897)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Astromount Developments Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: Mr M D Betterton





SECRETARY: Mrs S M J Betterton





REGISTERED OFFICE: 63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ





REGISTERED NUMBER: 01460897 (England and Wales)





ACCOUNTANTS: Clifford Roberts
Chartered Accountants
63 Broad Green
Wellingborough
Northamptonshire
NN8 4LQ

Astromount Developments Limited (Registered number: 01460897)

Balance Sheet
31 March 2023

2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 255,917 207,633

CURRENT ASSETS
Stocks 10,000 60,000
Debtors 5 27,416 120,221
Cash at bank 433,982 262,965
471,398 443,186
CREDITORS
Amounts falling due within one year 6 102,706 82,302
NET CURRENT ASSETS 368,692 360,884
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,609

568,517

CREDITORS
Amounts falling due after more than one
year

7

(21,667

)

(31,667

)

PROVISIONS FOR LIABILITIES (40,774 ) (29,531 )
NET ASSETS 562,168 507,319

CAPITAL AND RESERVES
Called up share capital 8 10 2
Retained earnings 562,158 507,317
SHAREHOLDERS' FUNDS 562,168 507,319

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.

Astromount Developments Limited (Registered number: 01460897)

Balance Sheet - continued
31 March 2023


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 24 November 2023 and were signed by:





Mr M D Betterton - Director


Astromount Developments Limited (Registered number: 01460897)

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

1. STATUTORY INFORMATION

Astromount Developments 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.

Revenue
Revenue represents amounts chargeable to customers during the year, excluding Value Added Tax. Goods and services provided to customers, which at the balance sheet date have not been invoiced, have been recognised as revenue. Revenue recognised in this manner is based on an assessment of the fair value of the goods/services provided at the balance sheet date as a proportion of the total value of the goods/services contracted for. Revenue is only recognised where the company has a contractual right to receive consideration for the goods/services provided.

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 - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 20% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

Astromount Developments Limited (Registered number: 01460897)

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

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
property machinery fittings
£ £ £
COST
At 1 April 2022 106,963 209,194 7,027
Additions - 57,845 -
Disposals - - -
At 31 March 2023 106,963 267,039 7,027
DEPRECIATION
At 1 April 2022 - 156,222 7,018
Charge for year - 23,066 -
Eliminated on disposal - - -
At 31 March 2023 - 179,288 7,018
NET BOOK VALUE
At 31 March 2023 106,963 87,751 9
At 31 March 2022 106,963 52,972 9

Astromount Developments Limited (Registered number: 01460897)

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

4. TANGIBLE FIXED ASSETS - continued

Motor Computer
vehicles equipment Totals
£ £ £
COST
At 1 April 2022 81,156 15,414 419,754
Additions 36,199 - 94,044
Disposals (9,400 ) - (9,400 )
At 31 March 2023 107,955 15,414 504,398
DEPRECIATION
At 1 April 2022 35,717 13,164 212,121
Charge for year 21,590 1,103 45,759
Eliminated on disposal (9,399 ) - (9,399 )
At 31 March 2023 47,908 14,267 248,481
NET BOOK VALUE
At 31 March 2023 60,047 1,147 255,917
At 31 March 2022 45,439 2,250 207,633

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 22,613 115,522
Other debtors 4,803 4,699
27,416 120,221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,736 9,097
Taxation and social security 18,337 20,113
Other creditors 53,633 43,092
102,706 82,302

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans 21,667 31,667

Astromount Developments Limited (Registered number: 01460897)

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

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
10 Ordinary 1 10 2
(2022 - 2 )

8 Ordinary shares of 1 were issued during the year for cash of £ 8 .