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REGISTERED NUMBER: 04592026















Financial Statements for the Period 1 March 2022 to 26 February 2023

for

AS & A Limited

AS & A Limited (Registered number: 04592026)






Contents of the Financial Statements
for the Period 1 March 2022 to 26 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AS & A Limited

Company Information
for the Period 1 March 2022 to 26 February 2023







DIRECTORS: C Amoo
D A Smith
Mrs S Amoo





REGISTERED OFFICE: 15 Alexandra Drive
Liverpool
Merseyside
L17 8TA





REGISTERED NUMBER: 04592026





ACCOUNTANTS: Cobham Murphy Limited
116 Duke Street
Liverpool
Merseyside
L1 5JW

AS & A Limited (Registered number: 04592026)

Balance Sheet
26 February 2023

26.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 10,359 10,599
10,359 10,599

CURRENT ASSETS
Debtors 6 104,623 142,989
Cash at bank 57,877 12,503
162,500 155,492
CREDITORS
Amounts falling due within one year 7 142,254 125,686
NET CURRENT ASSETS 20,246 29,806
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,605

40,405

CREDITORS
Amounts falling due after more than one
year

8

(22,500

)

(34,166

)

PROVISIONS FOR LIABILITIES (340 ) (304 )
NET ASSETS 7,765 5,935

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 7,762 5,932
SHAREHOLDERS' FUNDS 7,765 5,935

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 26 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 26 February 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AS & A Limited (Registered number: 04592026)

Balance Sheet - continued
26 February 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 Board of Directors and authorised for issue on 9 April 2024 and were signed on its behalf by:





Mrs S Amoo - Director


AS & A Limited (Registered number: 04592026)

Notes to the Financial Statements
for the Period 1 March 2022 to 26 February 2023

1. STATUTORY INFORMATION

AS & A Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
There are no judgements (apart from those involving estimates) that have had a significant effect on amounts recognised in the financial statements.

Turnover
Turnover is measured at the fair value of the consideration received for public entertainment services. Turnover is recognised in the period which it relates to.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - No depreciation charged
Plant and machinery etc - 15% on reducing balance

Financial instruments
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received.

Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.

Taxation
Taxation for the period 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.


AS & A Limited (Registered number: 04592026)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 26 February 2023

2. ACCOUNTING POLICIES - continued
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 period 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 period was 3 (2022 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 26 February 2023 30,000
AMORTISATION
At 1 March 2022
and 26 February 2023 30,000
NET BOOK VALUE
At 26 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2022
and 26 February 2023 9,000 29,166 38,166
DEPRECIATION
At 1 March 2022 - 27,567 27,567
Charge for period - 240 240
At 26 February 2023 - 27,807 27,807
NET BOOK VALUE
At 26 February 2023 9,000 1,359 10,359
At 28 February 2022 9,000 1,599 10,599

AS & A Limited (Registered number: 04592026)

Notes to the Financial Statements - continued
for the Period 1 March 2022 to 26 February 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.23 28.2.22
£    £   
Other debtors 104,623 142,989

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
26.2.23 28.2.22
£    £   
Bank loans and overdrafts 69,203 63,599
Taxation and social security 34,641 35,176
Other creditors 38,410 26,911
142,254 125,686

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
26.2.23 28.2.22
£    £   
Bank loans 22,500 34,166

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after 5 years - 833

9. SECURED DEBTS

The following secured debts are included within creditors:

26.2.23 28.2.22
£    £   
Bank overdrafts 59,203 55,266

10. RELATED PARTY DISCLOSURES

Included in debtors is £104,623 (2022 - £142,989) which is owed to the company by Ecam Properties Limited. The company is related to AS & A Limited by mutual directors and shareholders.

Included in creditors is £24,500 (2022 - £12,000) which is owed from the company to Ecam Holdings Limited. The company is related to AS & A Limited by mutual directors and shareholders.

These loans are interest free and is repayable on demand.