Registered number
05792593
Rob Astley Trailers Limited
Unaudited Financial Statements for the Year Ended
30 April 2024
Pages for filing with Registrar
Rob Astley Trailers Limited Registered number
Balance Sheet 08124906
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 4 180,991 169,506
Current assets
Stocks 24,690 24,690
Debtors 5 28,116 24,366
Cash at bank and in hand 19,755 23,101
72,561 72,157
Creditors: amounts falling due within one year 6 (88,428) (70,029)
Net current (liabilities)/assets (15,867) 2,128
Total assets less current liabilities 165,124 171,634
Creditors: amounts falling due after more than one year 7 (43,980) (47,251)
Provisions for liabilities (33,127) (30,945)
Net assets 88,017 93,438
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 87,017 92,438
Shareholders' funds 88,017 93,438
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 31 January 2025
Mr RWM Astley
Director
Rob Astley Trailers Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Intangible fixed assets - Goodwill
Goodwill represents the excess of the cost of acquisition of unincorporated businesses over the fair value of net assets acquired. It is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is considered to have a finite useful life and is amortised on a systematic basis over its expected life, which is 10 years.

For the purposes of impairment testing, goodwill is allocated to the cash-generating units expected to benefit from the acquisition. Cash-generating units to which goodwill has been allocated are tested for impairment at least annually, or more frequently when there is an indication that the unit may be impaired. If the recoverable amount of the cash-generating unit is less than the carrying amount of the unit, the impairment loss is allocated first to reduce the carrying amount of any goodwill allocated to the unit and then to the other assets of the unit pro-rata on the basis of the carrying amount of each asset in the unit.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold Property Non depreciable
Plant and machinery 15% on reducing balance
Computer equipment 33% on reducing balance
Motor vehicles 15% on reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax liabilities are generally recognised for all timing differences and 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. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 25,000
At 30 April 2024 25,000
Amortisation
At 1 May 2023 25,000
At 30 April 2024 25,000
Net book value
At 30 April 2024 -
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 6,643 346,627 353,270
Additions - 42,450 42,450
At 30 April 2024 6,643 389,077 395,720
Depreciation
At 1 May 2023 - 183,764 183,764
Charge for the year - 30,965 30,965
At 30 April 2024 - 214,729 214,729
Net book value
At 30 April 2024 6,643 174,348 180,991
At 30 April 2023 6,643 162,863 169,506
5 Debtors 2024 2023
£ £
Trade debtors 28,116 24,366
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,648 10,648
Obligations under finance lease and hire purchase contracts 16,120 9,579
Trade creditors 22,911 13,617
Taxation and social security costs 15,584 24,190
Other creditors 23,165 11,995
88,428 70,029
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 10,878 20,828
Obligations under finance lease and hire purchase contracts 33,102 26,423
43,980 47,251
8 Other information
Rob Astley Trailers Limited is a private company limited by shares and incorporated in England. Its registered office is: Gwern y Brain, Llanfair Caereinion, Welshpool, Powys. SY21 0DR
Rob Astley Trailers Limited 05792593 false 2023-05-01 2024-04-30 2024-04-30 VT Final Accounts July 2024 Mr RWM Astley No description of principal activity 05792593 2022-05-01 2023-04-30 05792593 core:WithinOneYear 2023-04-30 05792593 core:AfterOneYear 2023-04-30 05792593 core:ShareCapital 2023-04-30 05792593 core:RetainedEarningsAccumulatedLosses 2023-04-30 05792593 2023-05-01 2024-04-30 05792593 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05792593 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05792593 bus:Director40 2023-05-01 2024-04-30 05792593 1 2023-05-01 2024-04-30 05792593 2 2023-05-01 2024-04-30 05792593 core:LandBuildings 2023-05-01 2024-04-30 05792593 core:PlantMachinery 2023-05-01 2024-04-30 05792593 countries:England 2023-05-01 2024-04-30 05792593 bus:FRS102 2023-05-01 2024-04-30 05792593 bus:FilletedAccounts 2023-05-01 2024-04-30 05792593 2024-04-30 05792593 core:WithinOneYear 2024-04-30 05792593 core:AfterOneYear 2024-04-30 05792593 core:ShareCapital 2024-04-30 05792593 core:RetainedEarningsAccumulatedLosses 2024-04-30 05792593 core:Goodwill 2024-04-30 05792593 core:LandBuildings 2024-04-30 05792593 core:PlantMachinery 2024-04-30 05792593 2023-04-30 05792593 core:Goodwill 2023-04-30 05792593 core:LandBuildings 2023-04-30 05792593 core:PlantMachinery 2023-04-30 iso4217:GBP xbrli:pure