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REGISTERED NUMBER: 08788131 (England and Wales)


















Asbestos Compliance Limited

Financial Statements for the Year Ended 30 November 2023






Asbestos Compliance Limited (Registered number: 08788131)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Asbestos Compliance Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: Mrs C Willoughby
A J Willoughby





REGISTERED OFFICE: 19 Sandringham Avenue
Helsby
Frodsham
Cheshire
WA6 9QJ





REGISTERED NUMBER: 08788131 (England and Wales)





ACCOUNTANTS: Carter Collins & Myer Limited
Chichester House
2 Chichester Street
Rochdale
Lancashire
OL16 2AX

Asbestos Compliance Limited (Registered number: 08788131)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 97,108 116,152

CURRENT ASSETS
Debtors 5 219,434 145,474
Cash at bank 84,636 154,498
304,070 299,972
CREDITORS
Amounts falling due within one year 6 9,216 14,230
NET CURRENT ASSETS 294,854 285,742
TOTAL ASSETS LESS CURRENT LIABILITIES 391,962 401,894

CAPITAL AND RESERVES
Called up share capital 7 100 2
Retained earnings 8 391,862 401,892
SHAREHOLDERS' FUNDS 391,962 401,894

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

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

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 6 March 2024 and were signed on its behalf by:





A J Willoughby - Director


Asbestos Compliance Limited (Registered number: 08788131)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Asbestos Compliance 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.

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 - 25% on reducing balance
Fixtures and fittings - 20% on cost
Motor vehicles - 20% on reducing balance

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.

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 3 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Motor
property machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 December 2022 20,518 84,359 6,832 104,887 216,596
Additions - - 1,907 14,485 16,392
Disposals - (38,061 ) (1,083 ) - (39,144 )
At 30 November 2023 20,518 46,298 7,656 119,372 193,844
DEPRECIATION
At 1 December 2022 6,061 46,277 3,185 44,921 100,444
Charge for year - 6,512 1,345 14,891 22,748
Eliminated on disposal - (26,021 ) (435 ) - (26,456 )
At 30 November 2023 6,061 26,768 4,095 59,812 96,736
NET BOOK VALUE
At 30 November 2023 14,457 19,530 3,561 59,560 97,108
At 30 November 2022 14,457 38,082 3,647 59,966 116,152

Asbestos Compliance Limited (Registered number: 08788131)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 35,984 27,129
Other debtors 183,450 118,345
219,434 145,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Tax 4,744 11,282
Social security and other taxes 65 -
VAT 3,063 1,186
Directors' current accounts 24 562
Accrued expenses 1,320 1,200
9,216 14,230

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.11.23 30.11.22
value: £    £   
100 Ordinary £1 100 2

8. RESERVES
Retained
earnings
£   

At 1 December 2022 401,892
Profit for the year 77,470
Dividends (87,500 )
At 30 November 2023 391,862