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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
Page
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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
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Aubury & Associates Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
318,582 
830,574 
Current assets
Inventories
92,000 
84,500 
Debtors
486,572 
654,674 
Cash at bank and in hand
840,884 
345,846 
1,419,456 
1,085,020 
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 
Capital and reserves
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
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Aubury & Associates Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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:
Land & buildings
4%
Motor vehicles
20% to 33%
Inventories
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.
Pension costs
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 taxation
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.
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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 
Additions
- 
31,295 
31,295 
Disposals
(745,863)
- 
(745,863)
At 31 December 2023
445,863 
161,993 
607,856 
Depreciation
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 
Net book value
At 31 December 2023
249,528 
69,054 
318,582 
At 31 December 2022
771,449 
59,125 
830,574 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
465,438 
622,674 
Other debtors
21,134 
32,000 
486,572 
654,674 
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 
279,135 
283,304 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
- 
737,281 
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.
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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).
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