Registered number
13518855
ASDALA LTD
Filleted Accounts
31 July 2024
ASDALA LTD
Registered number: 13518855
Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 470,701 479,949
Current assets
Stocks 10,995 10,750
Debtors 4 - 5,884
Cash at bank and in hand 12,785 4,877
23,780 21,511
Creditors: amounts falling due within one year 5 (13,894) (9,383)
Net current assets 9,886 12,128
Total assets less current liabilities 480,587 492,077
Creditors: amounts falling due after more than one year 6 (439,237) (470,630)
Net assets 41,350 21,447
Capital and reserves
Called up share capital 1 1
Profit and loss account 41,349 21,446
Shareholders' funds 41,350 21,447
The directors are 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.
C Vimalathas
Director
Approved by the board on 9 April 2025
ASDALA LTD
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 over 4 years
Fixtures, fittings, tools and equipment over 4 years
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.
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 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 August 2023 450,000 36,990 486,990
At 31 July 2024 450,000 36,990 486,990
Depreciation
At 1 August 2023 - 7,041 7,041
Charge for the year - 9,248 9,248
At 31 July 2024 - 16,289 16,289
Net book value
At 31 July 2024 450,000 20,701 470,701
At 31 July 2023 450,000 29,949 479,949
4 Debtors 2024 2023
£ £
Other debtors - 5,884
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,884 9,175
Taxation and social security costs 5,792 208
Other creditors 2,218 -
13,894 9,383
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 279,572 292,956
Other creditors 159,665 177,674
439,237 470,630
7 Transactions with the directors
The amount of £159,665.00 is owed to the directors of the company.
8 Other information
ASDALA LTD is a private company limited by shares and incorporated in England. Its registered office is:
49 Old Church Road
Uphill
Weston-Super-Mare
BS23 4XH
ASDALA LTD 13518855 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts April 2025 C Vimalathas No description of principal activity 13518855 2022-08-01 2023-07-31 13518855 core:WithinOneYear 2023-07-31 13518855 core:AfterOneYear 2023-07-31 13518855 core:ShareCapital 2023-07-31 13518855 core:RetainedEarningsAccumulatedLosses 2023-07-31 13518855 2023-08-01 2024-07-31 13518855 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 13518855 bus:AuditExemptWithAccountantsReport 2023-08-01 2024-07-31 13518855 bus:Director40 2023-08-01 2024-07-31 13518855 1 2023-08-01 2024-07-31 13518855 2 2023-08-01 2024-07-31 13518855 core:LandBuildings 2023-08-01 2024-07-31 13518855 core:PlantMachinery 2023-08-01 2024-07-31 13518855 countries:England 2023-08-01 2024-07-31 13518855 bus:FRS102 2023-08-01 2024-07-31 13518855 bus:FilletedAccounts 2023-08-01 2024-07-31 13518855 2024-07-31 13518855 core:WithinOneYear 2024-07-31 13518855 core:AfterOneYear 2024-07-31 13518855 core:ShareCapital 2024-07-31 13518855 core:RetainedEarningsAccumulatedLosses 2024-07-31 13518855 core:LandBuildings 2024-07-31 13518855 core:PlantMachinery 2024-07-31 13518855 2023-07-31 13518855 core:LandBuildings 2023-07-31 13518855 core:PlantMachinery 2023-07-31 iso4217:GBP xbrli:pure