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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
Page
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A55 Asbestos Ltd Company Information for the year ended 31 December 2023
Director
Mr D Poulter
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
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A55 Asbestos Ltd Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,999 
40,330 
Current assets
Debtors
24,822 
5,668 
Cash at bank and in hand
1,377 
6,785 
26,199 
12,453 
Creditors: amounts falling due within one year
(35,588)
(52,016)
Net current liabilities
(9,389)
(39,563)
Net assets
18,610 
767 
Capital and reserves
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
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A55 Asbestos Ltd Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 31 December 2023
573 
26,454 
972 
27,999 
At 31 December 2022
764 
38,271 
1,295 
40,330 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,822 
5,668 
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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 
VAT
4,903 
2,096 
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)
Accruals
685 
722 
35,588 
52,016 
7
Average number of employees
During the year the average number of employees was 3 (2022: 3).
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