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REGISTERED NUMBER: 04162579 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

A & S TRADING LIMITED

A & S TRADING LIMITED (REGISTERED NUMBER: 04162579)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

A & S TRADING LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mrs A Benn





SECRETARY:





REGISTERED OFFICE: Alpine Lodge
14 Colston lane
Harby
Melton Mowbray
Leicestershire
LE14 4BE





REGISTERED NUMBER: 04162579 (England and Wales)





ACCOUNTANTS: J J Bright ACMA
Crabtree Farm
Tweed Road
Clevedon
BS21 6RR

A & S TRADING LIMITED (REGISTERED NUMBER: 04162579)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 8,174 8,490
8,174 8,490

CURRENT ASSETS
Stocks 6 30,000 49,840
Debtors 7 254 317
Cash at bank and in hand 39,455 53,268
69,709 103,425
CREDITORS
Amounts falling due within one year 8 23,236 33,902
NET CURRENT ASSETS 46,473 69,523
TOTAL ASSETS LESS CURRENT
LIABILITIES

54,647

78,013

CREDITORS
Amounts falling due after more than one
year

9

57,182

62,738
NET (LIABILITIES)/ASSETS (2,535 ) 15,275

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (2,635 ) 15,175
SHAREHOLDERS' FUNDS (2,535 ) 15,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

A & S TRADING LIMITED (REGISTERED NUMBER: 04162579)

BALANCE SHEET - continued
30 SEPTEMBER 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 14 March 2024 and were signed by:





Mrs A Benn - Director


A & S TRADING LIMITED (REGISTERED NUMBER: 04162579)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

A & S Trading 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Going concern
The financial statements have been prepared on a going concern basis. The director is constantly reviewing the financial position of the company and continues to provide financial support when necessary.

Goodwill
Positive goodwill is capitalised, classed as an asset on the balance sheet and has been amortised on a straight line basis over its economic life estimated to up to a maximum of 20 years.
This asset has now been written down to zero..

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 4 ) .

A & S TRADING LIMITED (REGISTERED NUMBER: 04162579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 October 2022
and 30 September 2023 75,000
AMORTISATION
At 1 October 2022
and 30 September 2023 75,000
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 October 2022
and 30 September 2023 7,077 62,618 69,695
DEPRECIATION
At 1 October 2022 7,077 54,128 61,205
Charge for year - 316 316
At 30 September 2023 7,077 54,444 61,521
NET BOOK VALUE
At 30 September 2023 - 8,174 8,174
At 30 September 2022 - 8,490 8,490

6. STOCKS
2023 2022
£    £   
Stocks 30,000 49,840

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 218 317
VAT 36 -
254 317

A & S TRADING LIMITED (REGISTERED NUMBER: 04162579)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 10,960 14,635
Social security and other taxes 313 477
VAT - 203
Other Creditors 725 580
Pension Fund Control 73 161
Directors' current accounts 9,065 14,860
Accrued expenses 2,100 2,986
23,236 33,902

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other loans - 1-2 years 37,037 42,593
Loan interest control 145 145
Directors' loan accounts 20,000 20,000
57,182 62,738

10. LEASING AGREEMENTS

11. RELATED PARTY DISCLOSURES

At 30 September 2021 an amount of £20,000 was due by the company to Mrs Benn. The loan has no fixed date for repayment and is incurring interest at 5% per annum. Mrs A Benn is a director shareholder of the company.

At 30 September 2022an amount of £20,000 was due by the company to Mrs Benn. The loan has no fixed date for repayment and is incurring interest at 5% per annum. Mrs A Benn is a director shareholder of the company.

12. AMORTISATION / DEPRECIATION

Amortisation is provided on intangible fixed assets so as to write off the cost, less any residual value, over their expected useful economic life as follows:


DEPRECIATION
Depreciation is provided on tangible assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

ASSET CLASS DEPRECIATION RATE
Plant and Machinery 15% reducing balance
Motor Vehicles 25% reducing balance

13. CONTROL

The company is controlled by the director who owns 100% of the called up share capital.

A & S TRADING LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
A & S TRADING LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of A & S Trading Ltd for the year ended 30 September 2023 set out on pages 2 to 9 from the company's accounting records and from information and explanations have given us. As a practising member of the Chartered Institute of Management Accountants, I am subject to its ethical and other professional requirements.

This report is made solely to the Board of Directors of A & S Trading Ltd, as a body, in accordance with the terms of my engagement letter. My work has been undertaken solely to prepare for your approval the accounts of A & S Trading Ltd. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & S Trading Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that A & S Trading Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of A & S Trading Ltd. You consider that A & S trading Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the Accounts of A & S Trading Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.






J J Bright ACMA
Crabtree Farm
Tweed Road
Clevedon
BS21 6RR


15 March 2024