Registered number
06138173
Astramerix Limited
Filleted Accounts
31 July 2024
Astramerix Limited
Registered number: 06138173
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 8,839 1,884
Current assets
Stocks 2,000 2,000
Debtors 4 130,813 130,183
Cash at bank and in hand 40,798 43,765
173,611 175,948
Creditors: amounts falling due within one year 5 (184,931) (160,185)
Net current (liabilities)/assets (11,320) 15,763
Total assets less current liabilities (2,481) 17,647
Creditors: amounts falling due after more than one year 6 (7,500) (17,500)
Net (liabilities)/assets (9,981) 147
Capital and reserves
Called up share capital 300 300
Profit and loss account (10,281) (153)
Shareholders' funds (9,981) 147
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 director acknowledges her 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.
C Moth
Director
Approved by the board on 12 March 2025
Astramerix Limited
Notes to the Accounts
for the year ended 31 July 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.
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:
Plant and machinery 25% reducing balance
Motor vehicles 25% reducing balance
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
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 70 70
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2023 29,021 10,786 39,807
Additions 301 9,600 9,901
At 31 July 2024 29,322 20,386 49,708
Depreciation
At 1 August 2023 27,285 10,638 37,923
Charge for the year 509 2,437 2,946
At 31 July 2024 27,794 13,075 40,869
Net book value
At 31 July 2024 1,528 7,311 8,839
At 31 July 2023 1,736 148 1,884
4 Debtors 2024 2023
£ £
Trade debtors 116,906 126,868
Other debtors 13,907 3,315
130,813 130,183
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,498 8,538
Taxation and social security costs 72,095 58,265
Other creditors 82,338 83,382
184,931 160,185
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 7,500 17,500
7 Controlling party
The company is controlled by Mr & Mrs P Moth.
8 Other information
Astramerix Limited is a private company limited by shares and incorporated in England. Its registered office is:
Laurel Tree House
2 The Burrows, Franklin Avenue
Tadley
Hampshire
RG26 4EP
Astramerix Limited 06138173 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2025 C Moth No description of principal activity 06138173 2022-08-01 2023-07-31 06138173 core:WithinOneYear 2023-07-31 06138173 core:AfterOneYear 2023-07-31 06138173 core:ShareCapital 2023-07-31 06138173 core:RetainedEarningsAccumulatedLosses 2023-07-31 06138173 2023-08-01 2024-07-31 06138173 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 06138173 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 06138173 bus:Director40 2023-08-01 2024-07-31 06138173 1 2023-08-01 2024-07-31 06138173 2 2023-08-01 2024-07-31 06138173 core:PlantMachinery 2023-08-01 2024-07-31 06138173 core:Vehicles 2023-08-01 2024-07-31 06138173 countries:England 2023-08-01 2024-07-31 06138173 bus:FRS102 2023-08-01 2024-07-31 06138173 bus:FilletedAccounts 2023-08-01 2024-07-31 06138173 2024-07-31 06138173 core:WithinOneYear 2024-07-31 06138173 core:AfterOneYear 2024-07-31 06138173 core:ShareCapital 2024-07-31 06138173 core:RetainedEarningsAccumulatedLosses 2024-07-31 06138173 core:PlantMachinery 2024-07-31 06138173 core:Vehicles 2024-07-31 06138173 2023-07-31 06138173 core:PlantMachinery 2023-07-31 06138173 core:Vehicles 2023-07-31 iso4217:GBP xbrli:pure