Registered number
01012569
Astirvant Limited
Filleted Accounts
31 July 2024
Astirvant Limited
Registered number: 01012569
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 421,740 449,752
Investments 4 - 8,497
421,740 458,249
Current assets
Stocks - 37,224
Debtors 5 159,176 355,770
Cash at bank and in hand 514,094 505,400
673,270 898,394
Creditors: amounts falling due within one year 6 (79,308) (361,024)
Net current assets 593,962 537,370
Net assets 1,015,702 995,619
Capital and reserves
Called up share capital 10,000 10,000
Revaluation reserve 7 300,000 300,000
Profit and loss account 705,702 685,619
Shareholders' funds 1,015,702 995,619
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 members have 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.
P Taylor
Director
Approved by the board on 6 November 2024
Astirvant Limited
Notes to the Accounts
for the year ended 31 July 2024
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.
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 freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings 99 years straight line
Plant and machinery 15-33% reducing balance
Fixtures, fittings, tools and equipment 25% reducing balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
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.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 6 6
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 August 2023 481,228 130,821 74,922 686,971
Disposals - - (61,290) (61,290)
At 31 July 2024 481,228 130,821 13,632 625,681
Depreciation
At 1 August 2023 56,078 128,503 52,638 237,219
Charge for the year 4,830 1,730 4,689 11,249
On disposals - - (44,527) (44,527)
At 31 July 2024 60,908 130,233 12,800 203,941
Net book value
At 31 July 2024 420,320 588 832 421,740
At 31 July 2023 425,150 2,318 22,284 449,752
4 Investments
Other
investments
£
Cost
At 1 August 2023 8,497
Disposals (8,497)
At 31 July 2024 -
5 Debtors 2024 2023
£ £
Trade debtors 159,176 318,071
Amounts owed by group undertakings and undertakings in which the company has a participating interest - 1,653
Other debtors - 36,046
159,176 355,770
6 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 10,121 186,386
Taxation and social security costs 33,166 29,990
Other creditors 36,021 144,648
79,308 361,024
7 Revaluation reserve 2024 2023
£ £
At 1 August 2023 300,000 300,000
At 31 July 2024 300,000 300,000
8 Related party transactions
During the year the company undertook the following transactions with Yorkshire Storage Equipment Co Limited, a company for which Mr P A Taylor and Mr H J Taylor also act as directors.
2024 2023
£ £
Sales to Yorkshire Storage Equipment Co Limited 126,902 370,481
Management charge to Yorkshire Storage Equipment Co Limited - 12,500
Amount due from Yorkshire Storage Equipment Co Limited - 43,153
9 Other information
Astirvant Limited is a private company limited by shares and incorporated in England. Its registered office is:
PO Box 27
Belmont Street
Oldham
OL1 2AX
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