Company Registration No. 12370186 (England and Wales)
A55 Asbestos Ltd
Unaudited accounts
for the year ended 31 December 2023
A55 Asbestos Ltd
Unaudited accounts
Contents
A55 Asbestos Ltd
Company Information
for the year ended 31 December 2023
Company Number
12370186 (England and Wales)
Registered Office
14 Shaftesbury Avenue
Penrhyn Bay
Llandudno
Conwy
LL30 3EH
Wales
Accountants
Bisby Accountancy Ltd
The Cottage
23 Llandudno Road
Penrhyn Bay
Llandudno
Conwy
LL30 3EP
A55 Asbestos Ltd
Statement of financial position
as at 31 December 2023
Tangible assets
27,999
40,330
Cash at bank and in hand
1,377
6,785
Creditors: amounts falling due within one year
(35,588)
(52,016)
Net current liabilities
(9,389)
(39,563)
Called up share capital
1
1
Profit and loss account
18,609
766
Shareholders' funds
18,610
767
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 director acknowledges his 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 and authorised for issue on 26 September 2024 and were signed on its behalf by
Mr D Poulter
Director
Company Registration No. 12370186
A55 Asbestos Ltd
Notes to the Accounts
for the year ended 31 December 2023
A55 Asbestos Ltd is a private company, limited by shares, registered in England and Wales, registration number 12370186. The registered office is 14 Shaftesbury Avenue, Penrhyn Bay, Llandudno, Conwy, LL30 3EH, Wales.
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.
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% Reducing balance
Motor vehicles
25% Reducing balance
Computer equipment
25% Reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2023
1,327
56,042
2,043
59,412
At 31 December 2023
1,327
56,042
2,043
59,412
At 1 January 2023
563
17,771
748
19,082
Charge for the year
191
11,817
323
12,331
At 31 December 2023
754
29,588
1,071
31,413
At 31 December 2023
573
26,454
972
27,999
At 31 December 2022
764
38,271
1,295
40,330
Amounts falling due within one year
Trade debtors
24,822
5,668
A55 Asbestos Ltd
Notes to the Accounts
for the year ended 31 December 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
938
1,563
Obligations under finance leases and hire purchase contracts
34,652
46,553
Taxes and social security
14,475
4,873
Loans from directors
(20,065)
(3,791)
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).