Registered number
10950943
A & S PROPERTY SERVICES (LEICESTER) LTD
Filleted Accounts
30 September 2023
A & S PROPERTY SERVICES (LEICESTER) LTD
Registered number: 10950943
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 874,862 -
Current assets
Debtors 4 327,578 267,279
Cash at bank and in hand 92,735 6,489
420,313 273,768
Creditors: amounts falling due within one year 5 (204,715) (165,005)
Net current assets 215,598 108,763
Total assets less current liabilities 1,090,460 108,763
Creditors: amounts falling due after more than one year 6 (985,951) -
Net assets 104,509 108,763
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 103,509 107,763
Shareholders' funds 104,509 108,763
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
A S Kullar
Director
Approved by the board on 20 September 2024
A & S PROPERTY SERVICES (LEICESTER) LTD
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings and equipment - 10% per annum on cost.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are recognised at transaction price net of any transaction costs.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Investment properties Fixtures, fittings and equipment Total
£ £ £
Cost
Additions 873,737 1,250 874,987
At 30 September 2023 873,737 1,250 874,987
Depreciation
Charge for the year - 125 125
At 30 September 2023 - 125 125
Net book value
At 30 September 2023 873,737 1,125 874,862
4 Debtors 2023 2022
£ £
Trade debtors 327,365 267,279
Prepayments 213 -
327,578 267,279
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts (secured) 9,188 -
Trade creditors 172,847 147,667
Accrued expenses 3,770 4,010
Corporation tax 13,827 12,763
Other creditors 5,083 565
204,715 165,005
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans (secured) 839,596 -
Shareholders and directors loans 146,355 -
985,951 -
7 Loans 2023 2022
£ £
Creditors include:
Instalments falling due for payment after more than five years 802,844 -
Secured bank loans 848,784 -
The bank loans are secured by charges over the freehold investment properties owned by
the company.
8 Other information
A & S PROPERTY SERVICES (LEICESTER) LTD is a private company limited by shares and incorporated in England. Its registered office is:
128 A Evington Road
Leicester
LE2 1HL
A & S PROPERTY SERVICES (LEICESTER) LTD 10950943 false 2022-10-01 2023-09-30 2023-09-30 VT Final Accounts April 2024 A S Kullar No description of principal activity 10950943 2021-10-01 2022-09-30 10950943 core:WithinOneYear 2022-09-30 10950943 core:AfterOneYear 2022-09-30 10950943 core:ShareCapital 2022-09-30 10950943 core:RetainedEarningsAccumulatedLosses 2022-09-30 10950943 2022-10-01 2023-09-30 10950943 bus:PrivateLimitedCompanyLtd 2022-10-01 2023-09-30 10950943 bus:AuditExemptWithAccountantsReport 2022-10-01 2023-09-30 10950943 bus:Director40 2022-10-01 2023-09-30 10950943 1 2022-10-01 2023-09-30 10950943 2 2022-10-01 2023-09-30 10950943 core:LandBuildings 2022-10-01 2023-09-30 10950943 core:PlantMachinery 2022-10-01 2023-09-30 10950943 countries:England 2022-10-01 2023-09-30 10950943 bus:FRS102 2022-10-01 2023-09-30 10950943 bus:FilletedAccounts 2022-10-01 2023-09-30 10950943 2023-09-30 10950943 core:WithinOneYear 2023-09-30 10950943 core:AfterOneYear 2023-09-30 10950943 core:ShareCapital 2023-09-30 10950943 core:RetainedEarningsAccumulatedLosses 2023-09-30 10950943 core:LandBuildings 2023-09-30 10950943 core:PlantMachinery 2023-09-30 10950943 2022-09-30 iso4217:GBP xbrli:pure