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REGISTERED NUMBER: 06201899 (England and Wales)















Astraseal Mastics Limited

Unaudited Financial Statements for the Year Ended 30 April 2024






Astraseal Mastics Limited (Registered number: 06201899)






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




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Astraseal Mastics Limited

Company Information
for the Year Ended 30 April 2024







Directors: Karen Elaine Almond
Andrew Roy Almond





Registered office: Unit 8 Chorley Central Business Park
Stump Lane
Chorley
Lancashire
PR6 0BL





Registered number: 06201899 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
BL6 7BY

Astraseal Mastics Limited (Registered number: 06201899)

Statement of Financial Position
30 April 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Intangible assets 4 90,000 90,000
Tangible assets 5 178,260 144,185
268,260 234,185

Current assets
Stocks 8,750 8,700
Debtors 6 1,114,939 870,888
Cash at bank and in hand 811,631 877,196
1,935,320 1,756,784
Creditors
Amounts falling due within one year 7 196,505 232,636
Net current assets 1,738,815 1,524,148
Total assets less current liabilities 2,007,075 1,758,333

Provisions for liabilities 8 44,565 36,046
Net assets 1,962,510 1,722,287

Capital and reserves
Called up share capital 9 100 100
Retained earnings 1,962,410 1,722,187
Shareholders' funds 1,962,510 1,722,287

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 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.

Astraseal Mastics Limited (Registered number: 06201899)

Statement of Financial Position - continued
30 April 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





Andrew Roy Almond - Director


Astraseal Mastics Limited (Registered number: 06201899)

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

1. Statutory information

Astraseal Mastics 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.

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 represents the total value, excluding value added tax, of mastic sealant contracting services provided by the company during the year.

Goodwill
Amortisation of goodwill has not been provided for the company as in the opinion of the directors it has an indefinite useful economic life. This accounting policy departs from the requirements of FRS 102 to amortise goodwill over a finite period. The effect of the departure is that amortsation as required by the requirements of FRS 102 has not been accounted for. If amortisation had been accounted for the charge for the year would have been £9,000 and the profit for the year reduced accordingly.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stock is measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.


Astraseal Mastics Limited (Registered number: 06201899)

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

2. Accounting policies - continued
Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax
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 or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 24 (2023 - 24 ) .

4. Intangible fixed assets
Goodwill
£   
Cost
At 1 May 2023
and 30 April 2024 90,000
Net book value
At 30 April 2024 90,000
At 30 April 2023 90,000

Astraseal Mastics Limited (Registered number: 06201899)

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

5. Tangible fixed assets
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Cost
At 1 May 2023 10,816 235,974 4,678 251,468
Additions - 83,667 2,280 85,947
Disposals - (23,074 ) - (23,074 )
At 30 April 2024 10,816 296,567 6,958 314,341
Depreciation
At 1 May 2023 6,411 99,023 1,849 107,283
Charge for year 881 41,372 1,909 44,162
Eliminated on disposal - (15,364 ) - (15,364 )
At 30 April 2024 7,292 125,031 3,758 136,081
Net book value
At 30 April 2024 3,524 171,536 3,200 178,260
At 30 April 2023 4,405 136,951 2,829 144,185

6. Debtors
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 220,142 318,367
Amounts owed by associates 12,000 110,346
Other debtors 584,543 442,175
816,685 870,888

Amounts falling due after more than one year:
Amounts owed by associates 298,254 -

Aggregate amounts 1,114,939 870,888

Astraseal Mastics Limited (Registered number: 06201899)

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

7. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors 65,892 98,061
Taxation and social security 106,120 107,390
Other creditors 24,493 27,185
196,505 232,636

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 44,565 36,046

Deferred
tax
£   
Balance at 1 May 2023 36,046
Charge to Statement of Income and Retained Earnings during year 8,519
Balance at 30 April 2024 44,565

9. Called up share capital

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

10. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Andrew Roy Almond and Karen Elaine Almond
Balance outstanding at start of year 296,248 225,169
Amounts advanced 199,294 159,519
Amounts repaid (88,440 ) (88,440 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 407,102 296,248