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31/05/2023
2023-05-31
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No description of principal activities is disclosed
2022-06-01
Sage Accounts Production 23.0 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
08549299
2022-06-01
2023-05-31
08549299
2023-05-31
08549299
2022-05-31
08549299
2021-06-01
2022-05-31
08549299
2022-05-31
08549299
2021-05-31
08549299
core:FurnitureFittingsToolsEquipment
2022-06-01
2023-05-31
08549299
core:NetGoodwill
2022-06-01
2023-05-31
08549299
bus:RegisteredOffice
2022-06-01
2023-05-31
08549299
bus:Director1
2022-06-01
2023-05-31
08549299
core:NetGoodwill
2022-05-31
08549299
core:NetGoodwill
2023-05-31
08549299
core:FurnitureFittingsToolsEquipment
2022-05-31
08549299
core:FurnitureFittingsToolsEquipment
2023-05-31
08549299
core:AfterOneYear
2022-05-31
08549299
core:RetainedEarningsAccumulatedLosses
2021-06-01
2022-05-31
08549299
core:RetainedEarningsAccumulatedLosses
2022-06-01
2023-05-31
08549299
core:WithinOneYear
2023-05-31
08549299
core:WithinOneYear
2022-05-31
08549299
core:ShareCapital
2023-05-31
08549299
core:ShareCapital
2022-05-31
08549299
core:RetainedEarningsAccumulatedLosses
2023-05-31
08549299
core:RetainedEarningsAccumulatedLosses
2022-05-31
08549299
core:ShareCapital
2021-05-31
08549299
core:RetainedEarningsAccumulatedLosses
2021-05-31
08549299
core:PreviouslyStatedAmount
core:ShareCapital
2023-05-31
08549299
core:NetGoodwill
2022-05-31
08549299
core:FurnitureFittingsToolsEquipment
2022-05-31
08549299
bus:Director1
2022-05-31
08549299
bus:Director1
2023-05-31
08549299
bus:Director1
2021-05-31
08549299
bus:Director1
2022-05-31
08549299
bus:Director1
2021-06-01
2022-05-31
08549299
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2022-06-01
2023-05-31
08549299
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2022-06-01
2023-05-31
08549299
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2022-06-01
2023-05-31
08549299
bus:PrivateLimitedCompanyLtd
2022-06-01
2023-05-31
08549299
bus:FullAccounts
2022-06-01
2023-05-31
Company registration number:
08549299
ASTON LETTINGS LIMITED
Unaudited filleted financial statements
31 May 2023
ASTON LETTINGS LIMITED
Contents
Directors and other information
Statement of financial position
Statement of changes in equity
Notes to the financial statements
ASTON LETTINGS LIMITED
Directors and other information
|
|
|
|
Director |
Y Adnan |
|
|
|
|
|
|
|
Company number |
08549299 |
|
|
|
|
|
|
|
Registered office |
497a High Road |
|
|
Ilford |
|
|
Essex |
|
|
IG1 1TZ |
|
|
|
ASTON LETTINGS LIMITED
Statement of financial position
31 May 2023
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
Note |
£ |
|
£ |
|
£ |
|
£ |
|
|
|
|
|
|
|
|
|
|
Fixed assets |
|
|
|
|
|
|
|
|
|
Intangible assets |
|
4 |
- |
|
|
|
21,000 |
|
|
Tangible assets |
|
5 |
- |
|
|
|
5,400 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
- |
|
|
|
26,400 |
|
|
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
|
Debtors |
|
6 |
- |
|
|
|
3,233 |
|
|
Cash at bank and in hand |
|
|
107 |
|
|
|
26,507 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
107 |
|
|
|
29,740 |
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
within one year |
|
7 |
(
7,517) |
|
|
|
(
3,666) |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
Net current (liabilities)/assets |
|
|
|
|
(
7,410) |
|
|
|
26,074 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Total assets less current liabilities |
|
|
|
|
(
7,410) |
|
|
|
52,474 |
|
|
|
|
|
|
|
|
|
|
Creditors: amounts falling due |
|
|
|
|
|
|
|
|
|
after more than one year |
|
8 |
|
|
- |
|
|
|
(
44,676) |
|
|
|
|
|
_______ |
|
|
|
_______ |
Net (liabilities)/assets |
|
|
|
|
(
7,410) |
|
|
|
7,798 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
Capital and reserves |
|
|
|
|
|
|
|
|
|
Called up share capital |
|
|
|
|
2 |
|
|
|
2 |
Profit and loss account |
|
|
|
|
(
7,412) |
|
|
|
7,796 |
|
|
|
|
|
_______ |
|
|
|
_______ |
Shareholders (deficit)/funds |
|
|
|
|
(
7,410) |
|
|
|
7,798 |
|
|
|
|
|
_______ |
|
|
|
_______ |
|
|
|
|
|
|
|
|
|
|
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
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;
-
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
10 January 2024
, and are signed on behalf of the board by:
Y Adnan
Director
Company registration number:
08549299
ASTON LETTINGS LIMITED
Statement of changes in equity
Year ended 31 May 2023
|
|
Called up share capital |
|
Profit and loss account |
Total |
|
|
|
|
|
|
|
£ |
|
£ |
£ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
At 1 June 2021 |
|
2 |
|
2,171 |
2,173 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/profit for the year |
|
|
|
7,625 |
7,625 |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
7,625 |
7,625 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends paid and payable |
|
|
|
(
2,000) |
(
2,000) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total investments by and distributions to owners |
|
- |
|
(
2,000) |
(
2,000) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 May 2022 and 1 June 2022 |
|
2 |
|
7,796 |
7,798 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(Loss)/profit for the year |
|
|
|
(
15,208) |
(
15,208) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
Total comprehensive income for the year |
|
- |
|
(
15,208) |
(
15,208) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
At 31 May 2023 |
|
2 |
|
(
7,412) |
(
7,410) |
|
|
|
|
|
|
|
_______ |
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
ASTON LETTINGS LIMITED
Notes to the financial statements
Year ended 31 May 2023
1.
General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 497a High Road, Ilford, Essex, IG1 1TZ.
2.
Accounting policies
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 fair view. The financial statements are prepared in Sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been prepared under historical cost convention. The principal accounting policies adopted are set out below.
Going concern
The company has prepared accounts on a basis other than going concern. Management has confirmed that they will provide support to enable the company to fulfil its financial obligations as and when they fall due.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
|
|
|
|
|
Fittings fixtures and equipment |
- |
25 % |
straight line |
|
|
|
|
|
If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
3.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2022:
3
).
4.
Intangible assets
|
|
Goodwill |
Total |
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
At 1 June 2022 and 31 May 2023 |
35,000 |
35,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Amortisation |
|
|
|
|
|
|
|
At 1 June 2022 |
14,000 |
14,000 |
|
|
|
|
|
Charge for the year |
21,000 |
21,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 May 2023 |
35,000 |
35,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
At 31 May 2023 |
- |
- |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
At 31 May 2022 |
21,000 |
21,000 |
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
5.
Tangible assets
|
|
Fixtures, fittings and equipment |
Total |
|
|
|
|
|
|
|
£ |
£ |
|
|
|
|
|
|
Cost |
|
|
|
|
|
|
|
|
At 1 June 2022 and 31 May 2023 |
14,340 |
14,340 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Depreciation |
|
|
|
|
|
|
|
|
At 1 June 2022 |
8,940 |
8,940 |
|
|
|
|
|
|
Charge for the year |
5,400 |
5,400 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 May 2023 |
14,340 |
14,340 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
Carrying amount |
|
|
|
|
|
|
|
|
At 31 May 2023 |
- |
- |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
At 31 May 2022 |
5,400 |
5,400 |
|
|
|
|
|
|
|
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6.
Debtors
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Other debtors |
|
- |
3,233 |
|
|
|
_______ |
_______ |
|
|
|
|
|
7.
Creditors: amounts falling due within one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Corporation tax |
|
- |
522 |
|
Other creditors |
|
7,517 |
3,144 |
|
|
|
_______ |
_______ |
|
|
|
7,517 |
3,666 |
|
|
|
_______ |
_______ |
|
|
|
|
|
8.
Creditors: amounts falling due after more than one year
|
|
|
2023 |
2022 |
|
|
|
£ |
£ |
|
Bank loans and overdrafts |
|
- |
44,676 |
|
|
|
_______ |
_______ |
|
|
|
|
|
9.
Directors advances, credits and guarantees
|
During the year the director entered into the following advances and credits with the company: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Y Adnan |
(
1,193) |
(
4,104) |
(
5,297) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
Balance brought forward |
Advances /(credits) to the director |
Balance o/standing |
|
|
|
|
|
£ |
£ |
£ |
|
|
|
|
Y Adnan |
(
2,281) |
1,087 |
(1,194) |
|
|
|
|
|
_______ |
_______ |
_______ |
|
|
|
|
|
|
|
|
|
|
|
10.
Related party
At the financial year end the director of the reporting entity has controlling interest in Aston Estates (SK) Ltd by virtue of owning 100% shareholdings.