Company Registration No. 01959061 (England and Wales)
Aubury & Associates Limited
Unaudited accounts
for the year ended 31 December 2023
Aubury & Associates Limited
Unaudited accounts
Contents
Aubury & Associates Limited
Company Information
for the year ended 31 December 2023
Directors
N Aubury
S Aubury
T Aubury
Company Number
01959061 (England and Wales)
Registered Office
27 MILESPIT HILL
MILL HILL LONDON
NW7 2PJ
Aubury & Associates Limited
Statement of financial position
as at 31 December 2023
Tangible assets
318,582
830,574
Cash at bank and in hand
840,884
345,846
Creditors: amounts falling due within one year
(279,135)
(283,304)
Net current assets
1,140,321
801,716
Total assets less current liabilities
1,458,903
1,632,290
Creditors: amounts falling due after more than one year
-
(737,281)
Provisions for liabilities
Deferred tax
(15,983)
(13,419)
Net assets
1,442,920
881,590
Called up share capital
100
100
Profit and loss account
1,442,820
881,490
Shareholders' funds
1,442,920
881,590
For the year ending 31 December 2023 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 28 August 2024 and were signed on its behalf by
S Aubury
Director
Company Registration No. 01959061
Aubury & Associates Limited
Notes to the Accounts
for the year ended 31 December 2023
Aubury & Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 01959061. The registered office is 27 MILESPIT HILL, MILL HILL LONDON, NW7 2PJ.
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:
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of some employees. Contributions payable are recognised in the profit and loss account when due.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Aubury & Associates Limited
Notes to the Accounts
for the year ended 31 December 2023
4
Tangible fixed assets
Land & buildings
Motor vehicles
Total
Cost or valuation
At cost
At cost
At 1 January 2023
1,191,726
130,698
1,322,424
Disposals
(745,863)
-
(745,863)
At 31 December 2023
445,863
161,993
607,856
At 1 January 2023
420,277
71,573
491,850
Charge for the year
24,812
21,366
46,178
On disposals
(248,754)
-
(248,754)
At 31 December 2023
196,335
92,939
289,274
At 31 December 2023
249,528
69,054
318,582
At 31 December 2022
771,449
59,125
830,574
Amounts falling due within one year
Trade debtors
465,438
622,674
Other debtors
21,134
32,000
6
Creditors: amounts falling due within one year
2023
2022
Obligations under finance leases and hire purchase contracts
-
1,265
Trade creditors
(2,897)
5,753
Taxes and social security
276,276
267,246
Other creditors
5,756
9,040
7
Creditors: amounts falling due after more than one year
2023
2022
8
Transactions with related parties
During the year the company sold a 50% interest in its warehouse and 100% interest in a garage to Aubury & Associates SSAS ("SSAS"). All the directors of the company are members of the SSAS. The total consideration for the disposalof the properties was £800,000. mpany loaned the SSAS £77,610 to finance the purchase of the properties and this loan has not yet been repaid.
Since the disposal of the 50% interest in the warehouse to the SSAS, the company now pays rent to the SSAs for its 50% interest in the warehouse. During the year the company was charged £27,083 rent by the SSAS.
Aubury & Associates Limited
Notes to the Accounts
for the year ended 31 December 2023
9
Average number of employees
During the year the average number of employees was 10 (2022: 7).