2023-06-012024-05-312024-05-31false07255837ASTON GROUP WORLDWIDE 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ASTON GROUP WORLDWIDE LIMITED

Registered Number
07255837
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

ASTON GROUP WORLDWIDE LIMITED
Company Information
for the year from 1 June 2023 to 31 May 2024

Directors

GALLACHER, David Scott, Dr
MAROGY, Aliza

Company Secretary

GALLACHER, David Thomson

Registered Address

31 Home Park Road
London
SW19 7HP

Registered Number

07255837 (England and Wales)
ASTON GROUP WORLDWIDE LIMITED
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets43,1644,334
3,1644,334
Current assets
Debtors529,800320,966
Cash at bank and on hand133,57966,752
663,379387,718
Creditors amounts falling due within one year5(519,493)(296,165)
Net current assets (liabilities)143,88691,553
Total assets less current liabilities147,05095,887
Creditors amounts falling due after one year6(10,833)(23,947)
Net assets136,21771,940
Capital and reserves
Called up share capital100100
Profit and loss account136,11771,840
Shareholders' funds136,21771,940
The financial statements were approved and authorised for issue by the Board of Directors on 29 September 2024, and are signed on its behalf by:
GALLACHER, David Scott, Dr
Director
Registered Company No. 07255837
ASTON GROUP WORLDWIDE LIMITED
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery4
Office Equipment4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

20242023
Average number of employees during the year20
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 June 237,7277,727
At 31 May 247,7277,727
Amortisation and impairment
At 01 June 237,7277,727
At 31 May 247,7277,727
Net book value
At 31 May 24--
At 31 May 23--
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
At 01 June 2358010,34410,924
Additions-416416
At 31 May 2458010,76011,340
Depreciation and impairment
At 01 June 23-6,5906,590
Charge for year-1,5861,586
At 31 May 24-8,1768,176
Net book value
At 31 May 245802,5843,164
At 31 May 235803,7544,334
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables348,766166,153
Bank borrowings and overdrafts20,92540,820
Taxation and social security149,80288,844
Other creditors-348
Total519,493296,165
6.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts10,83323,947
Total10,83323,947