Acorah Software Products - Accounts Production 16.0.110 false true true 28 February 2023 1 March 2022 false 1 March 2023 28 February 2024 28 February 2024 13183578 Mr Sameer Narang Dr Satish Narang iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13183578 2023-02-28 13183578 2024-02-28 13183578 2023-03-01 2024-02-28 13183578 frs-core:FurnitureFittings 2024-02-28 13183578 frs-core:FurnitureFittings 2023-03-01 2024-02-28 13183578 frs-core:FurnitureFittings 2023-02-28 13183578 frs-core:NetGoodwill 2024-02-28 13183578 frs-core:NetGoodwill 2023-03-01 2024-02-28 13183578 frs-core:NetGoodwill 2023-02-28 13183578 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2024-02-28 13183578 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-28 13183578 frs-core:LandBuildings frs-core:LeasedAssetsHeldAsLessee 2023-02-28 13183578 frs-core:MotorVehicles 2024-02-28 13183578 frs-core:MotorVehicles 2023-03-01 2024-02-28 13183578 frs-core:MotorVehicles 2023-02-28 13183578 frs-core:PlantMachinery 2024-02-28 13183578 frs-core:PlantMachinery 2023-03-01 2024-02-28 13183578 frs-core:PlantMachinery 2023-02-28 13183578 frs-core:ShareCapital 2024-02-28 13183578 frs-core:RetainedEarningsAccumulatedLosses 2024-02-28 13183578 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-28 13183578 frs-bus:FilletedAccounts 2023-03-01 2024-02-28 13183578 frs-bus:SmallEntities 2023-03-01 2024-02-28 13183578 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-28 13183578 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-28 13183578 frs-bus:Director1 2023-03-01 2024-02-28 13183578 frs-bus:Director2 2023-03-01 2024-02-28 13183578 frs-countries:EnglandWales 2023-03-01 2024-02-28 13183578 2022-02-28 13183578 2023-02-28 13183578 2022-03-01 2023-02-28 13183578 frs-core:ShareCapital 2023-02-28 13183578 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13183578
Aston Foods Limited
Unaudited Financial Statements
For The Year Ended 28 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13183578
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 106,399 121,599
Tangible Assets 5 26,803 27,401
133,202 149,000
CURRENT ASSETS
Stocks 6 25,000 25,000
Debtors 9,099 9,233
Cash at bank and in hand 125,877 66,524
159,976 100,757
Creditors: Amounts Falling Due Within One Year (304,511 ) (310,100 )
NET CURRENT ASSETS (LIABILITIES) (144,535 ) (209,343 )
TOTAL ASSETS LESS CURRENT LIABILITIES (11,333 ) (60,343 )
NET LIABILITIES (11,333 ) (60,343 )
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account (11,433 ) (60,443 )
SHAREHOLDERS' FUNDS (11,333) (60,343)
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Page 2
For the year ending 28 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Sameer Narang
Director
29/11/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aston Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13183578 . The registered office is 4 Pant Farm Close, Newbridge, Newport, NP11 5GA.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
At the balance sheet date the company's liabilities exceeded its assets and its ability to trade is dependent on the financial support of its director and shareholder. Such financial support will continue to be made and these accounts have been prepared on the basis that the company will continue to trade as normal.
2.3. 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 is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 10 years.
2.5. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold 0%
Plant & Machinery 15% Straight Line
Motor Vehicles 15% Straight Line
Fixtures & Fittings 15% Straight Line
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 25 (2023: 22)
25 22
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4. Intangible Assets
Goodwill
£
Cost
As at 1 March 2023 151,999
As at 28 February 2024 151,999
Amortisation
As at 1 March 2023 30,400
Provided during the period 15,200
As at 28 February 2024 45,600
Net Book Value
As at 28 February 2024 106,399
As at 1 March 2023 121,599
5. Tangible Assets
Land & Property
Leasehold Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £ £
Cost
As at 1 March 2023 1 25,000 - 17,714 42,715
Additions - 255 7,917 149 8,321
As at 28 February 2024 1 25,255 7,917 17,863 51,036
Depreciation
As at 1 March 2023 - 10,000 - 5,314 15,314
Provided during the period - 5,051 1,188 2,680 8,919
As at 28 February 2024 - 15,051 1,188 7,994 24,233
Net Book Value
As at 28 February 2024 1 10,204 6,729 9,869 26,803
As at 1 March 2023 1 15,000 - 12,400 27,401
6. Stocks
2024 2023
£ £
Materials 25,000 25,000
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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