Company registration number 09856426 (England and Wales)
ASSOCIATED ROADWAYS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
PAGES FOR FILING WITH REGISTRAR
ASSOCIATED ROADWAYS LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
ASSOCIATED ROADWAYS LIMITED
BALANCE SHEET
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
20,261
22,815
Current assets
Cash at bank and in hand
185,455
149,222
Creditors: amounts falling due within one year
4
(33,157)
(50,415)
Net current assets
152,298
98,807
Total assets less current liabilities
172,559
121,622
Creditors: amounts falling due after more than one year
5
(19,848)
(24,687)
Net assets
152,711
96,935
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
152,611
96,835
Total equity
152,711
96,935
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 13 February 2024 and are signed on its behalf by:
Mr Joseph Lee
Director
Company registration number 09856426 (England and Wales)
ASSOCIATED ROADWAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023
- 2 -
1
Accounting policies
Company information
Associated Roadways Limited is a private company limited by shares incorporated in England and Wales. The registered office is , Gautam House, 1 - 3 Shenley Avenue, Ruislip Manor, Middlesex, HA4 6BP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
25% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Taxation
The tax expense represents the sum of the tax currently payable.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2023
2022
Number
Number
Total
1
1
ASSOCIATED ROADWAYS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MAY 2023
- 3 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 June 2022
38,152
Additions
4,200
At 31 May 2023
42,352
Depreciation and impairment
At 1 June 2022
15,337
Depreciation charged in the year
6,754
At 31 May 2023
22,091
Carrying amount
At 31 May 2023
20,261
At 31 May 2022
22,815
4
Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
2,317
9,219
Other taxation and social security
8,252
1,669
Other creditors
22,588
39,527
33,157
50,415
5
Creditors: amounts falling due after more than one year
2023
2022
£
£
Other creditors
19,848
24,687