Registered number
04178815
ASTRON ENTERPRISES LIMITED
Filleted Accounts
31 March 2021
ASTRON ENTERPRISES LIMITED
Registered number: 04178815
Balance Sheet
as at 31 March 2021
Notes 2021 2020
£ £
Fixed assets
Tangible assets 3 662,907 662,907
Current assets
Stocks - 70,288
Debtors 4 2,579,916 2,196,440
Cash at bank and in hand 5 9,551
2,579,921 2,276,279
Creditors: amounts falling due within one year 5 (2,865,764) (2,610,536)
Net current liabilities (285,843) (334,257)
Total assets less current liabilities 377,064 328,650
Creditors: amounts falling due after more than one year 6 (352,405) (303,259)
Net assets 24,659 25,391
Capital and reserves
Called up share capital 2 2
Profit and loss account 24,657 25,389
Shareholder's funds 24,659 25,391
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr G Siopoulos
Director
Approved by the board on 4 October 2024
ASTRON ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 31 March 2021
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 sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investment property
Investment property are included in the accounts at fair value and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment property.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2021 2020
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Investment property
£
Cost
At 1 April 2020 662,907
At 31 March 2021 662,907
Depreciation
At 31 March 2021 -
Net book value
At 31 March 2021 662,907
At 31 March 2020 662,907
In the opinion of the directors the fair value of the investment property as at the balance sheet date does not vary significantly from the actual cost of the property as stated above.
4 Debtors 2021 2020
£ £
Trade debtors 2,579,916 2,196,440
5 Creditors: amounts falling due within one year 2021 2020
£ £
Bank loans 111,624 111,103
Trade creditors 2,474,438 2,215,810
Taxation and social security costs (3,178) (960)
Other creditors 282,880 284,583
2,865,764 2,610,536
6 Creditors: amounts falling due after one year 2021 2020
£ £
Bank loans 352,405 303,259
7 Other information
ASTRON ENTERPRISES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
26 Hillfield Park
London
N21 3QH
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