Registered number
03852579
ASBESTOS AWARENESS & ABATEMENT TRAINING COMPANY LTD
Filleted Accounts
31 August 2023
Adams Watkins & Co
Regus House
Victory Way
Dartford, DA2 6QD
ASBESTOS AWARENESS & ABATEMENT TRAINING COMPANY LTD
Registered number: 03852579
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Fixed assets
Intangible assets 3 6,382 9,320
Tangible assets 4 26,494 27,728
32,876 37,048
Current assets
Debtors 5 55,776 52,570
Cash at bank and in hand 22,945 11,488
78,721 64,058
Creditors: amounts falling due within one year 6 (73,701) (86,879)
Net current assets/(liabilities) 5,020 (22,821)
Total assets less current liabilities 37,896 14,227
Provisions for liabilities (6,247) (7,039)
Net assets 31,649 7,188
Capital and reserves
Called up share capital 100 100
Profit and loss account 31,549 7,088
Shareholders' funds 31,649 7,188
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Alexandra Patrick
Director
Approved by the board on 11 April 2024
ASBESTOS AWARENESS & ABATEMENT TRAINING COMPANY LTD
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Intangible fixed assets £
Goodwill:
Cost
At 1 September 2022 14,689
At 31 August 2023 14,689
Amortisation
At 1 September 2022 5,369
Provided during the year 2,938
At 31 August 2023 8,307
Net book value
At 31 August 2023 6,382
At 31 August 2022 9,320
Intangible fixed assets are being written off in equal annual instalments over its estimated economic life of 5 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 September 2022 76,044
Additions 7,598
At 31 August 2023 83,642
Depreciation
At 1 September 2022 48,316
Charge for the year 8,832
At 31 August 2023 57,148
Net book value
At 31 August 2023 26,494
At 31 August 2022 27,728
5 Debtors 2023 2022
£ £
Trade debtors 52,287 47,755
Other debtors 3,489 4,815
55,776 52,570
6 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 97 -
Deferred income 38,885 49,697
Trade creditors 25,506 10,710
Amounts owed to group undertakings and undertakings in which the company has a participating interest 4,763 21,463
Taxation and social security costs 1,942 3,756
Other creditors 2,508 1,253
73,701 86,879
7 Controlling party
The Controlling party is Assured Safety Management Limited, the 100% shareholder.
8 Other information
ASBESTOS AWARENESS & ABATEMENT TRAINING COMPANY LTD is a private company limited by shares and incorporated in England. Its registered office is:
Walnut Tree Lodge
120 Maryon Road
London
SE7 8DH
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