Company Registration No. 06827837 (England and Wales)
Aston Cord Energy Services Limited
Unaudited accounts
for the year ended 29 February 2024
Aston Cord Energy Services Limited
Unaudited accounts
Contents
Aston Cord Energy Services Limited
Company Information
for the year ended 29 February 2024
Directors
Simon Hayes
Tony Ware
Company Number
06827837 (England and Wales)
Registered Office
Denmark House
143 High Street
Chalfont St Peter
Bucks
SL9 9QL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House, 143 High St,
Chalfont St Peter,
Gerrards Cross
Buckinghamshire
SL9 9QL
Aston Cord Energy Services Limited
Statement of financial position
as at 29 February 2024
Tangible assets
245,521
246,594
Cash at bank and in hand
944,943
801,723
Creditors: amounts falling due within one year
(239,503)
(322,166)
Net current assets
766,442
810,539
Total assets less current liabilities
1,011,963
1,057,133
Creditors: amounts falling due after more than one year
-
(25,173)
Net assets
1,011,963
1,031,960
Called up share capital
200
200
Profit and loss account
1,011,763
1,031,760
Shareholders' funds
1,011,963
1,031,960
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 July 2024 and were signed on its behalf by
Simon Hayes
Director
Company Registration No. 06827837
Aston Cord Energy Services Limited
Notes to the Accounts
for the year ended 29 February 2024
Aston Cord Energy Services Limited is a private company, limited by shares, registered in England and Wales, registration number 06827837. The registered office is Denmark House, 143 High Street, Chalfont St Peter, Bucks, SL9 9QL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% per annum reducing balance
Fixtures & fittings
20% per annum reducing balance
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Aston Cord Energy Services Limited
Notes to the Accounts
for the year ended 29 February 2024
4
Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2023
237,350
54,949
12,610
304,909
At 29 February 2024
237,350
54,949
14,109
306,408
At 1 March 2023
-
49,448
8,867
58,315
Charge for the year
-
1,375
1,197
2,572
At 29 February 2024
-
50,823
10,064
60,887
At 29 February 2024
237,350
4,126
4,045
245,521
At 28 February 2023
237,350
5,501
3,743
246,594
Amounts falling due within one year
Trade debtors
61,002
314,981
Accrued income and prepayments
-
15,000
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
-
17,625
Trade creditors
67,332
123,465
Taxes and social security
20,555
87,829
Loans from directors
93,110
90,664
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts which are
secured of £0 (2023 £17,625). The mortgage and finance leases are secured on the assets concerned.
Aston Cord Energy Services Limited
Notes to the Accounts
for the year ended 29 February 2024
7
Creditors: amounts falling due after more than one year
2024
2023
Creditors include bank loans and net obligations under finance lease and hire purchase contracts which are secured of £0
(2023 £25,173). The mortgage and finance leases are secured on the assets concerned.
In April 2015 the company took out a 10 year mortgage for the purchase of the new property. The loan is secured against the
property. The initial loan was £176,250. This was fully paid off in July 2023.
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
9
Operating lease commitments
2024
2023
At 29 February 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
10,474
8,835
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).