REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 |
FOR |
AD ASTRA (BROADENING HORIZONS) LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST AUGUST 2024 |
FOR |
AD ASTRA (BROADENING HORIZONS) LIMITED |
AD ASTRA (BROADENING HORIZONS) LIMITED (REGISTERED NUMBER: 09827977) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
AD ASTRA (BROADENING HORIZONS) LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
3 & 4 Park Court |
Riccall Road |
Escrick |
York |
North Yorkshire |
YO19 6ED |
AD ASTRA (BROADENING HORIZONS) LIMITED (REGISTERED NUMBER: 09827977) |
BALANCE SHEET |
31ST AUGUST 2024 |
2024 | 2023 |
Notes | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
SHAREHOLDERS' FUNDS |
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. |
AD ASTRA (BROADENING HORIZONS) LIMITED (REGISTERED NUMBER: 09827977) |
BALANCE SHEET - continued |
31ST AUGUST 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
AD ASTRA (BROADENING HORIZONS) LIMITED (REGISTERED NUMBER: 09827977) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
1. | STATUTORY INFORMATION |
Ad Astra (Broadening Horizons) Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered stated net of discounts. |
Income is recognised when the services have been delivered to customers such that the risks and rewards of ownership have transferred to them. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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 |
AD ASTRA (BROADENING HORIZONS) LIMITED (REGISTERED NUMBER: 09827977) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
4. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and |
property | machinery | fittings |
£ | £ | £ |
COST |
At 1st September 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31st August 2024 |
DEPRECIATION |
At 1st September 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
Motor | Computer |
vehicles | equipment | Totals |
£ | £ | £ |
COST |
At 1st September 2023 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
At 31st August 2024 |
DEPRECIATION |
At 1st September 2023 |
Charge for year |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
At 31st August 2024 |
NET BOOK VALUE |
At 31st August 2024 |
At 31st August 2023 |
5. | DEBTORS |
2024 | 2023 |
£ | £ |
Amounts falling due within one year: |
Trade debtors |
Other debtors |
AD ASTRA (BROADENING HORIZONS) LIMITED (REGISTERED NUMBER: 09827977) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
5. | DEBTORS - continued |
2024 | 2023 |
£ | £ |
Amounts falling due after more than one year: |
Other debtors |
Aggregate amounts |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans and overdrafts |
Finance leases |
Trade creditors |
Taxation and social security |
Other creditors |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans |
Finance leases |
8. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
During the year under review, the directors received loans from the company which had interest charged at the HMRC official rate. |
The company made advances totalling £80,722 (2023 - £96,918) and this was offset by credits totalling £80,776 (2023 - £73,728). |
At the balance sheet date, the amount owed to the company was £119,996 (2023 - £120,050) and is included within other debtors. |
There are no conditions attached to advances to the director, however, the director must ensure that this is not detrimental to the company. |
AD ASTRA (BROADENING HORIZONS) LIMITED (REGISTERED NUMBER: 09827977) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST AUGUST 2024 |
9. | RELATED PARTY DISCLOSURES |
Leger Interiors Ltd |
During the year, amounts totalling £75,500 (2023: £Nil) were loaned from the above company that has directors in common with the company and £40,000 (2023: £677) were repaid. At the year end there was an outstanding balance of £796 (2023: £34,704 - debtor balance and was included in current assets) at the year end and is presented in current liabilities. No interest is charged on the balance. |
The Contracting Company (Northern) Limited |
During the year, amounts totalling £Nil (2023: £18,811) were loaned to the above company that has directors in common with the company and £14,400 (2023: £Nil) were repaid. At the year end there was an outstanding balance of £10,192 (2023: £4,208 - creditor balance and was included in current liabilities) at the year end and is presented in current assets. No interest is charged on the balance. |