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REGISTERED NUMBER: 03107380 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Astra Frame Limited

Astra Frame Limited (Registered number: 03107380)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Astra Frame Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: T R Collier
Mrs C J Collier





SECRETARY: Mrs C J Collier





REGISTERED OFFICE: 50 Barker Street
Norwich
NR2 4TN





REGISTERED NUMBER: 03107380 (England and Wales)





ACCOUNTANTS: Shaw & Co
3 Colegate
Norwich
Norfolk
NR3 1BN

Astra Frame Limited (Registered number: 03107380)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 135,035 212,526
135,035 212,526

CURRENT ASSETS
Stocks 175,079 242,030
Debtors 6 999,957 726,708
Cash at bank and in hand 1,093,932 874,632
2,268,968 1,843,370
CREDITORS
Amounts falling due within one year 7 238,149 228,202
NET CURRENT ASSETS 2,030,819 1,615,168
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,165,854

1,827,694

PROVISIONS FOR LIABILITIES 33,667 14,615
NET ASSETS 2,132,187 1,813,079

Astra Frame Limited (Registered number: 03107380)

Balance Sheet - continued
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 2,132,185 1,813,077
2,132,187 1,813,079

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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 21 August 2024 and were signed on its behalf by:





T R Collier - Director


Astra Frame Limited (Registered number: 03107380)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Astra Frame 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2008, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings - nil
Plant and machinery - 15% reducing balance
Computer equipment - 25% reducing balance
Fixtures and fittings - 15% reducing balance
Motor vehicles - 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.


Astra Frame Limited (Registered number: 03107380)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2023 - 10 ) .

Astra Frame Limited (Registered number: 03107380)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2023
and 29 February 2024 190,000
AMORTISATION
At 1 March 2023
and 29 February 2024 190,000
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 March 2023 134,725 329,894 464,619
Additions - 72,850 72,850
Disposals (134,725 ) - (134,725 )
At 29 February 2024 - 402,744 402,744
DEPRECIATION
At 1 March 2023 - 252,093 252,093
Charge for year - 15,616 15,616
At 29 February 2024 - 267,709 267,709
NET BOOK VALUE
At 29 February 2024 - 135,035 135,035
At 28 February 2023 134,725 77,801 212,526

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors 40,159 55,878
Other debtors 959,798 670,830
999,957 726,708

Astra Frame Limited (Registered number: 03107380)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 112,051 94,974
Taxation and social security 111,973 96,517
Other creditors 14,125 36,711
238,149 228,202