0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 23,740 23,740 xbrli:pure xbrli:shares iso4217:GBP 04343016 2023-01-01 2023-12-31 04343016 2023-12-31 04343016 2022-12-31 04343016 2022-01-01 2022-12-31 04343016 2022-12-31 04343016 2021-12-31 04343016 core:PlantMachinery 2023-01-01 2023-12-31 04343016 bus:Director4 2023-01-01 2023-12-31 04343016 core:PlantMachinery 2023-12-31 04343016 core:WithinOneYear 2023-12-31 04343016 core:WithinOneYear 2022-12-31 04343016 core:AfterOneYear 2023-12-31 04343016 core:AfterOneYear 2022-12-31 04343016 core:ShareCapital 2023-12-31 04343016 core:ShareCapital 2022-12-31 04343016 core:CapitalRedemptionReserve 2023-12-31 04343016 core:CapitalRedemptionReserve 2022-12-31 04343016 core:RetainedEarningsAccumulatedLosses 2023-12-31 04343016 core:RetainedEarningsAccumulatedLosses 2022-12-31 04343016 bus:SmallEntities 2023-01-01 2023-12-31 04343016 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04343016 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04343016 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04343016 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 04343016
AYRCO LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2023
AYRCO LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
CURRENT ASSETS
Debtors
5
10
Cash at bank and in hand
2,385
4,943
-------
-------
2,385
4,953
CREDITORS: amounts falling due within one year
6
1,312,863
1,302,926
------------
------------
NET CURRENT LIABILITIES
1,310,478
1,297,973
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
( 1,310,478)
( 1,297,973)
CREDITORS: amounts falling due after more than one year
7
18,333
28,333
------------
------------
NET LIABILITIES
( 1,328,811)
( 1,326,306)
------------
------------
CAPITAL AND RESERVES
Called up share capital fully paid
300
300
Capital redemption reserve
300
300
Profit and loss account
( 1,329,411)
( 1,326,906)
------------
------------
SHAREHOLDERS DEFICIT
( 1,328,811)
( 1,326,306)
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
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.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
AYRCO LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 14 November 2024 , and are signed on behalf of the board by:
Mr M J Ayres
Director
Company registration number: 04343016
AYRCO LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2023
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in United Kingdom. The address of the registered office is The Old Piggeries, Cranford Road, Burton Latimer, Northamptonshire, NN15 5TB.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The company currently meets its daily working capital requirements through operating revenues, banking facilities and financial support from its creditors. On this basis, the directors consider it appropriate to prepare the accounts on the going concern basis. The accounts do not include any adjustments that would result from the failure to raise any additional finance that may prove necessary.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
20% straight line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit and loss.
4. TANGIBLE ASSETS
Plant and machinery
£
Cost
At 1 January 2023 and 31 December 2023
23,740
--------
Depreciation
At 1 January 2023 and 31 December 2023
23,740
--------
Carrying amount
At 31 December 2023
--------
At 31 December 2022
--------
5. DEBTORS
2023
2022
£
£
Other debtors
10
----
----
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
10,000
10,000
Trade creditors
1,007
1,081
Social security and other taxes
11
Other creditors
1,301,845
1,291,845
------------
------------
1,312,863
1,302,926
------------
------------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
18,333
28,333
--------
--------
8. GOING CONCERN
The director has considered the period to 30 September 2024 when assessing the company's ability to continue as a going concern. It is believed that the company will either be able to satisfy its liabilities as these become payable, or alternatively will be sold as a going concern.