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REGISTERED NUMBER: 08482859 (England and Wales)















Astrotex Limited

Report of the Director and

Unaudited Financial Statements for the Year Ended 30 April 2024






Astrotex Limited (Registered number: 08482859)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Report of the Director 2

Chartered Accountants' Report 3

Statement of Income and Retained Earnings 4

Statement of Financial Position 5

Notes to the Financial Statements 7


Astrotex Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B Harding





REGISTERED OFFICE: 1 High Street
Sheerness
Kent
ME12 1NY





BUSINESS ADDRESS: Tribune Drive
Trinity Trading Estate
Sittingbourne
Kent
ME10 2PG





REGISTERED NUMBER: 08482859 (England and Wales)





ACCOUNTANTS: Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY

Astrotex Limited (Registered number: 08482859)

Report of the Director
for the Year Ended 30 April 2024

The director presents his report with the financial statements of the company for the year ended 30 April 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of supplier of artificial grass and accessories.

DIRECTOR
B Harding held office during the whole of the period from 1 May 2023 to the date of this report.

DIRECTOR'S RESPONSIBILITIES STATEMENT
The director is responsible for preparing the Report of the Director and the financial statements in accordance with applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





B Harding - Director


20 January 2025

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Astrotex Limited


In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astrotex Limited for the year ended 30 April 2024 which comprise the Statement of Income and Retained Earnings, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Astrotex Limited in accordance with the terms of our engagement letter dated 3 June 2019. Our work has been undertaken solely to prepare for your approval the financial statements of Astrotex Limited and state those matters that we have agreed to state to the director of Astrotex Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astrotex Limited and its director for our work or for this report.

It is your duty to ensure that Astrotex Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Astrotex Limited. You consider that Astrotex Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Astrotex Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Foreman Waller
Chartered Accountants
1 High Street
Sheerness
Kent
ME12 1NY


20 January 2025

Astrotex Limited (Registered number: 08482859)

Statement of Income and
Retained Earnings
for the Year Ended 30 April 2024

2024 2023
Notes £    £    £    £   

TURNOVER 2,012,622 2,318,223

Cost of sales 903,738 1,144,031
GROSS PROFIT 1,108,884 1,174,192

Distribution costs 993,461 1,049,413
Administrative expenses 118,297 121,193
1,111,758 1,170,606
(2,874 ) 3,586

Other operating income 4,616 4,490
PROFIT BEFORE TAXATION 1,742 8,076

Tax on profit 4 1,103 1,584
PROFIT FOR THE FINANCIAL YEAR 639 6,492

Retained earnings at beginning of year 843,323 892,991

Dividends 5 (74,880 ) (56,160 )

RETAINED EARNINGS AT END OF YEAR 769,082 843,323

Astrotex Limited (Registered number: 08482859)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 6 7,794 14,170
Tangible assets 7 443,238 461,442
451,032 475,612

CURRENT ASSETS
Inventories 335,086 590,000
Debtors 8 19,387 33,446
Cash at bank and in hand 190,564 123,577
545,037 747,023
CREDITORS
Amounts falling due within one year 9 216,692 365,871
NET CURRENT ASSETS 328,345 381,152
TOTAL ASSETS LESS CURRENT LIABILITIES 779,377 856,764

PROVISIONS FOR LIABILITIES 10,193 13,339
NET ASSETS 769,184 843,425

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 769,082 843,323
SHAREHOLDERS' FUNDS 769,184 843,425

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Astrotex Limited (Registered number: 08482859)

Statement of Financial Position - continued
30 April 2024


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

The financial statements were approved by the director and authorised for issue on 20 January 2025 and were signed by:





B Harding - Director


Astrotex Limited (Registered number: 08482859)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Astrotex Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 33% on cost, 25% on reducing balance and 20% on reducing balance

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

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost, with changes recognised in the income statement.

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

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the statement of financial position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 by the year end.

Astrotex Limited (Registered number: 08482859)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 4 ) .

4. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£    £   
Current tax:
UK corporation tax 4,249 4,113

Deferred tax (3,146 ) (2,529 )
Tax on profit 1,103 1,584

5. DIVIDENDS
2024 2023
£    £   
Ordinary B share of £1
Interim 37,440 37,440
Ordinary C share of £1
Interim 37,440 18,720
74,880 56,160

Astrotex Limited (Registered number: 08482859)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 31,883
AMORTISATION
At 1 May 2023 17,713
Charge for year 6,376
At 30 April 2024 24,089
NET BOOK VALUE
At 30 April 2024 7,794
At 30 April 2023 14,170

7. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 May 2023 401,700 240,640 642,340
Additions - 833 833
At 30 April 2024 401,700 241,473 643,173
DEPRECIATION
At 1 May 2023 10,460 170,438 180,898
Charge for year 1,650 17,387 19,037
At 30 April 2024 12,110 187,825 199,935
NET BOOK VALUE
At 30 April 2024 389,590 53,648 443,238
At 30 April 2023 391,240 70,202 461,442

Included in cost of land and buildings is freehold land of £ 319,200 (2023 - £ 319,200 ) which is not depreciated.

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 11,929 29,103
Other debtors 7,458 4,343
19,387 33,446

Astrotex Limited (Registered number: 08482859)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 87,096 273,336
Taxation and social security 71,523 36,533
Other creditors 58,073 56,002
216,692 365,871

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
102 102