1 false false false false false false false false false false true false false false false false false No description of principal activity 2023-11-01 Sage Accounts Production Advanced 2023 - FRS102_2023 10,000 10,000 10,000 1,319 1,059 260 1,319 260 xbrli:pure xbrli:shares iso4217:GBP 4083547 2023-11-01 2024-10-31 4083547 2024-10-31 4083547 2023-10-31 4083547 2022-11-01 2023-10-31 4083547 2023-10-31 4083547 2022-10-31 4083547 core:FurnitureFittings 2023-11-01 2024-10-31 4083547 core:NetGoodwill 2023-11-01 2024-10-31 4083547 bus:Director1 2023-11-01 2024-10-31 4083547 core:FurnitureFittings 2023-10-31 4083547 core:FurnitureFittings 2024-10-31 4083547 core:WithinOneYear 2024-10-31 4083547 core:WithinOneYear 2023-10-31 4083547 core:ShareCapital 2024-10-31 4083547 core:ShareCapital 2023-10-31 4083547 core:RetainedEarningsAccumulatedLosses 2024-10-31 4083547 core:RetainedEarningsAccumulatedLosses 2023-10-31 4083547 core:NetGoodwill 2024-10-31 4083547 core:NetGoodwill 2023-10-31 4083547 core:FurnitureFittings 2023-10-31 4083547 bus:SmallEntities 2023-11-01 2024-10-31 4083547 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 4083547 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 4083547 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 4083547 bus:FullAccounts 2023-11-01 2024-10-31
COMPANY REGISTRATION NUMBER: 4083547
Steve Astbury Ltd
Filleted Unaudited Financial Statements
31 October 2024
Steve Astbury Ltd
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
£
Fixed Assets
Intangible assets
5
10,000
10,000
Tangible assets
6
260
--------
--------
10,000
10,260
Current Assets
Debtors
7
4,762
5,260
Cash at bank and in hand
106,946
84,700
---------
--------
111,708
89,960
Creditors: amounts falling due within one year
8
64,290
23,747
---------
--------
Net Current Assets
47,418
66,213
--------
--------
Total Assets Less Current Liabilities
57,418
76,473
--------
--------
Net Assets
57,418
76,473
--------
--------
Capital and Reserves
Called up share capital
1
1
Profit and loss account
57,417
76,472
--------
--------
Shareholders Funds
57,418
76,473
--------
--------
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 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Steve Astbury Ltd
Statement of Financial Position (continued)
31 October 2024
These financial statements were approved by the board of directors and authorised for issue on 24 November 2024 , and are signed on behalf of the board by:
Mr SJ Astbury
Director
Company registration number: 4083547
Steve Astbury Ltd
Notes to the Financial Statements
Year Ended 31 October 2024
1. General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Within Body Matters Gym, Hooley Bridge Mill, Bamford Road, Heywood, OL10 4AG.
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.
Revenue Recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income Tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Goodwill
Purchased goodwill is not amortised. In the opinion of the Director the value has increased.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Fixtures and fittings
-
15% reducing balance
Impairment of Fixed Assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial Instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined Contribution Plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 1 (2023: 1 ).
5. Intangible Assets
Goodwill
£
Cost
At 1 November 2023 and 31 October 2024
10,000
--------
Amortisation
At 1 November 2023 and 31 October 2024
--------
Carrying amount
At 31 October 2024
10,000
--------
At 31 October 2023
10,000
--------
6. Tangible Assets
Fixtures and fittings
Total
£
£
Cost
At 1 November 2023 and 31 October 2024
1,319
1,319
-------
-------
Depreciation
At 1 November 2023
1,059
1,059
Charge for the year
260
260
-------
-------
At 31 October 2024
1,319
1,319
-------
-------
Carrying amount
At 31 October 2024
-------
-------
At 31 October 2023
260
260
-------
-------
7. Debtors
2024
2023
£
£
Trade debtors
4,762
3,530
Other debtors
1,730
-------
-------
4,762
5,260
-------
-------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
1,487
1,555
Corporation tax
1,138
2,887
Social security and other taxes
5,471
6,997
Other creditors
56,194
12,308
--------
--------
64,290
23,747
--------
--------
9. Director's Advances, Credits and Guarantees
Balance on Director's Loan Account brought forward£8545 Net movement in the year £43517 Balance on Director's Loan Account carried forward £52062
10. Related Party Transactions
During the year, the company voted a dividend of £20,000 to the Director (2023 £15,000) The company also made a payment of £60,000 (£60,000) to the Directors' pension fund.
11. Other Spare Note 99 Heading
3RD USER DEFINED HEADING
The company.......