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REGISTERED NUMBER: SC640997 (Scotland)











































Astroagency Limited

Unaudited Financial Statements

for the Year Ended 31st December 2023






Astroagency Limited (Registered number: SC640997)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3 to 5


Astroagency Limited

Company Information
for the year ended 31st December 2023







Directors: D H Smith
Mrs D Filichkina





Registered office: Unit 5 The Stillhouse
11/5 Easter Dalry Wynd
Edinburgh
EH11 2TB





Registered number: SC640997 (Scotland)





Accountants: Rennie Welch LLP
Academy House
Shedden Park Road
Kelso
Roxburghshire
TD5 7AL

Astroagency Limited (Registered number: SC640997)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,509 2,893

Current assets
Debtors 5 76,545 46,551
Cash at bank 118,289 45,463
194,834 92,014
Creditors
Amounts falling due within one year 6 81,106 65,827
Net current assets 113,728 26,187
Total assets less current liabilities 116,237 29,080

Provisions for liabilities 602 550
Net assets 115,635 28,530

Capital and reserves
Called up share capital 200 200
Retained earnings 115,435 28,330
115,635 28,530

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 4th September 2024 and were signed on its behalf by:





Mrs D Filichkina - Director


Astroagency Limited (Registered number: SC640997)

Notes to the Financial Statements
for the year ended 31st December 2023

1. Statutory information

Astroagency Limited is a private company, limited by shares , registered in Scotland. 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 represents the total invoice value, excluding value added tax, of sales invoiced during the year, or the fair value of services provided for amounts not invoiced at the year end.

Turnover arising from the sale of goods is recognised when the significant risks and rewards of ownership have passed to the buyer. Turnover arising from the provision of services is recognised as contract activity progresses and the right to consideration is earned. Unbilled turnover is included in debtors as amounts recoverable on contracts.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 25% on cost
Office equipment - 25% on cost

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Financial instruments
The following assets and liabilities are classified as financial instruments - trade debtors, trade creditors, accruals and directors' loans.

Directors' loans (being repayable on demand), trade debtors, trade creditors and accruals 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 the income statement.

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.


Astroagency Limited (Registered number: SC640997)

Notes to the Financial Statements - continued
for the year ended 31st December 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 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.

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.

Provisions
Provisions are set up only where it is probable that a present obligation exists as a result of an event prior to the balance sheet date and that a payment will be required in settlement that can be estimated reliably. Where material, provisions are calculated on a discounted basis.

Employee benefits
Short term employee benefits, including holiday pay, are recognised as an expense in the income statement in the period in which they are incurred.

Going concern
The directors have considered the company's financial position for a period of 12 months and beyond from the date of signing these financial statements and have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing these financial statements.

3. Employees and directors

The average number of employees during the year was 8 (2022 - 7 ) .

4. Tangible fixed assets
Plant and Office
machinery equipment Totals
£    £    £   
Cost
At 1st January 2023 1,095 4,136 5,231
Additions - 1,078 1,078
At 31st December 2023 1,095 5,214 6,309
Depreciation
At 1st January 2023 360 1,978 2,338
Charge for year 275 1,187 1,462
At 31st December 2023 635 3,165 3,800
Net book value
At 31st December 2023 460 2,049 2,509
At 31st December 2022 735 2,158 2,893

Astroagency Limited (Registered number: SC640997)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 67,972 36,614
Amounts recoverable on contract - 5,800
Other debtors 8,573 4,137
76,545 46,551

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Trade creditors 21,039 937
Taxation and social security 57,804 21,605
Other creditors 2,263 43,285
81,106 65,827

7. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31st December 2023 and 31st December 2022:

20232022
££
Director 1
Balance outstanding at start of year--
Amounts advanced24,437-
Amounts repaid(20,000)-
Balance outstanding at end of year4,437-

20232022
££
Director 2
Balance outstanding at start of year4,137-
Amounts advanced20,0004,137
Amounts repaid(20,000)-
Balance outstanding at end of year4,1374,137
These loans are unsecured and repayable on demand. No interest has been charged as the loans are below the HMRC reporting level.

8. Post balance sheet events

Since the year end the following dividends have been declared:

On 16th January 2024, an interim dividend for the year ended 31st December 2024 of £80 per share has been declared.

On 4th March 2024, an interim dividend for the year ended 31st December 2024 of £90 per share has been declared.

On 16th April 2024, an interim dividend for the year ended 31st December 2024 of £100 per share has been declared.