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Company Registration No. 02073694 (England and Wales)
Aston Cord Limited Unaudited accounts for the year ended 31 December 2023
Aston Cord Limited Unaudited accounts Contents
Page
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Aston Cord Limited Company Information for the year ended 31 December 2023
Directors
T R Ware
Secretary
L A Ware
Company Number
02073694 (England and Wales)
Registered Office
Unit 12C Shepperton Business Park Govett Avenue Shepperton Middlesex TW16 7HB United Kingdom
Accountants
Lane Accounting Limited Denmark House, 143 High St, Chalfont St Peter, Gerrards Cross Buckinghamshire SL9 9QL
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Aston Cord Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,238 
15,921 
Current assets
Inventories
7,527 
16,408 
Debtors
69,263 
55,439 
Cash at bank and in hand
72,696 
96,393 
149,486 
168,240 
Creditors: amounts falling due within one year
(316,168)
(324,387)
Net current liabilities
(166,682)
(156,147)
Total assets less current liabilities
(155,444)
(140,226)
Creditors: amounts falling due after more than one year
(15,000)
(25,000)
Net liabilities
(170,444)
(165,226)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(170,544)
(165,326)
Shareholders' funds
(170,444)
(165,226)
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 6 June 2024 and were signed on its behalf by
T R Ware Director Company Registration No. 02073694
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Aston Cord Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
Aston Cord Limited is a private company, limited by shares, registered in England and Wales, registration number 02073694. The registered office is Unit 12C Shepperton Business Park, Govett Avenue, Shepperton, Middlesex, TW16 7HB, 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.
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:
Plant & machinery
- 25% per annum reducing balance
Motor vehicles
- 25% per annum of cost
Fixtures & fittings
- 25% per annum reducing balance
Computer equipment
- 25% per annum of cost
Other tangible fixed assets
- 25% per annum reducing balance
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.
Leased assets
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.
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Aston Cord Limited Notes to the Accounts for the year ended 31 December 2023
Pension costs
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.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 January 2023
22,374 
135,525 
43,353 
201,252 
At 31 December 2023
22,374 
135,525 
43,353 
201,252 
Depreciation
At 1 January 2023
22,288 
128,031 
35,012 
185,331 
Charge for the year
29 
1,874 
2,780 
4,683 
At 31 December 2023
22,317 
129,905 
37,792 
190,014 
Net book value
At 31 December 2023
57 
5,620 
5,561 
11,238 
At 31 December 2022
86 
7,494 
8,341 
15,921 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
50,809 
36,985 
Accrued income and prepayments
2,700 
2,700 
Other debtors
15,754 
15,754 
69,263 
55,439 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
10,000 
10,000 
VAT
36,800 
31,127 
Trade creditors
82,889 
88,782 
Taxes and social security
15,533 
14,200 
Other creditors
- 
3,093 
Loans from directors
168,432 
175,185 
Accruals
2,514 
2,000 
316,168 
324,387 
Creditors include bank loans and overdrafts and net obligations under finance lease and hire purchase contracts of which £10,000 (2022 £10,000) are secured. The bank loans and overdrafts are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
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Aston Cord Limited Notes to the Accounts for the year ended 31 December 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,000 
25,000 
Creditors include bank loans and net obligations under finance lease and hire purchase contracts of which £15,000 (2022 £25,000) are secured. The bank loans are secured by a fixed and floating charge over the company's assets. The finance leases are secured on the assets concerned.
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
80 Ordinary shares of £1 each
80 
80 
20 B Ordinary Shares of £1 each
20 
20 
100 
100 
9
Pension commitments
The company operates a defined contribution scheme for its employees. The assets of the scheme are held separately from those of the company in an independently administered fund. During the year £13,467 was contributed (2022 - £14,419).
10
Average number of employees
During the year the average number of employees was 14 (2022: 14).
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