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REGISTERED NUMBER: SC250844 (Scotland)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

A & S Business Services Limited

A & S Business Services Limited (Registered nu






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A & S Business Services Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs S M Howes
A K Howes





SECRETARY: Mrs S M Howes





REGISTERED OFFICE: Ellisford
Kirkcudbright
DG6 4TB





REGISTERED NUMBER: SC250844 (Scotland)






A & S Business Services Limited (Registered nu

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 10,298 2,279

CURRENT ASSETS
Stocks 175 150
Debtors 5 10,849 11,366
Cash at bank 71,947 104,822
82,971 116,338
CREDITORS
Amounts falling due within one year 6 20,622 50,089
NET CURRENT ASSETS 62,349 66,249
TOTAL ASSETS LESS CURRENT
LIABILITIES

72,647

68,528

PROVISIONS FOR LIABILITIES 1,957 433
NET ASSETS 70,690 68,095

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 70,590 67,995
SHAREHOLDERS' FUNDS 70,690 68,095

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

A & S Business Services Limited (Registered nu

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 November 2024 and were signed on its behalf by:




Mrs S M Howes - Director



A K Howes - Director


A & S Business Services Limited (Registered nu

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

A & S Business Services Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Equipment - 33% on cost and 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

A & S Business Services Limited (Registered nu

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Office
Equipment
£   
COST
At 1 April 2023 19,289
Additions 10,374
Disposals (4,973 )
At 31 March 2024 24,690
DEPRECIATION
At 1 April 2023 17,010
Charge for year 2,355
Eliminated on disposal (4,973 )
At 31 March 2024 14,392
NET BOOK VALUE
At 31 March 2024 10,298
At 31 March 2023 2,279

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 8,293 8,712
Other debtors 2,556 2,654
10,849 11,366

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 92 -
Taxation and social security 6,323 7,759
Other creditors 14,207 42,330
20,622 50,089

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The Company owed Mr A K Howes, director £3,522 (2023 £18,077) on current account at balance sheet date and Mrs S M Howes, director £3,523 (2023 £18,077) on current account at balance sheet date. Both directors have indicated that they will not require repayment of these accounts unless the Company is otherwise able to meet its financial obligations as they fall due. The current accounts do not carry interest.

8. RELATED PARTY DISCLOSURES

The ultimate controlling party of the company is Mrs S M Howes, director and majority shareholder.