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REGISTERED NUMBER: 02913370 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Aston Fittings Manufacturing Limited

Aston Fittings Manufacturing Limited (Registered number: 02913370)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Aston Fittings Manufacturing Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: R F Brown





SECRETARY:





REGISTERED OFFICE: Units 1-3, Eagle Works
2 Springcroft Road
Tyseley
Birmingham
West Midlands
B11 3EL





REGISTERED NUMBER: 02913370 (England and Wales)





ACCOUNTANTS: Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ

Aston Fittings Manufacturing Limited (Registered number: 02913370)

Abridged Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 350,621 396,161
Investments 5 100 100
350,721 396,261

CURRENT ASSETS
Stocks 118,116 236,000
Debtors 3,329,175 2,952,037
Cash at bank 1,172,265 616,151
4,619,556 3,804,188
CREDITORS
Amounts falling due within one year 1,346,805 1,114,185
NET CURRENT ASSETS 3,272,751 2,690,003
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,623,472

3,086,264

CREDITORS
Amounts falling due after more than one year (230,798 ) (416,969 )

PROVISIONS FOR LIABILITIES (86,641 ) (97,906 )
NET ASSETS 3,306,033 2,571,389

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 3,306,031 2,571,387
SHAREHOLDERS' FUNDS 3,306,033 2,571,389

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Aston Fittings Manufacturing Limited (Registered number: 02913370)

Abridged Balance Sheet - continued
31 July 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 July 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2025 and were signed by:





R F Brown - Director


Aston Fittings Manufacturing Limited (Registered number: 02913370)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Aston Fittings Manufacturing 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 10% on cost and 2% on cost

The Company Investments are stated at cost.

Investments in associates
Investments in associate undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.

Hire purchase and leasing commitments
Assets held under hire purchase agreements are capitalised and disclosed under tangible fixed assets at
their fair value. The capital element of the future payments is treated as a liability and the interest is
charged to the profit and loss account on a straight-line basis.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership
remain with the lessor are charged against profits on a straight-line basis over the period of the lease.

Aston Fittings Manufacturing Limited (Registered number: 02913370)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

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.

Invoice discounting
The Company can use the invoice discounting facility to draw down a percentage of the value of certain sales invoices. The management and collection of trade debtors remains with the Company. Finance expenses for the facility are charged through the profit and loss account.

Basis of foreign currency currency translation
Revenue and expenses in foreign currencies are recorded in sterling at the rates available at the transaction date. Any exchange rate gains or losses are charged to the profit and loss account during the period.

Government Grants

The Company has received a grant for the purchase of plant and machinery. The grant will be deferred and matched against the plant and machinery depreciation in the profit and loss account. The grant will be written off over a period of 10 years.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 22 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2023 1,162,907
Additions 12,474
At 31 July 2024 1,175,381
DEPRECIATION
At 1 August 2023 766,746
Charge for year 58,014
At 31 July 2024 824,760
NET BOOK VALUE
At 31 July 2024 350,621
At 31 July 2023 396,161

Included in assets are items held under finance leases or hire purchase contracts.

Plant and Machinery etc is held at a net book value of £272,680 (2023: £319,832) with accumulated depreciation charged at £631,140 (2023:: £583,987).

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

Aston Fittings Manufacturing Limited (Registered number: 02913370)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

6. OTHER FINANCIAL COMMITMENTS

Minimum lease payments fall due as follows:

The Company has entered into an operating lease commitment in respect of a property that it occupies for an annual amount of £40,000. This contract was for an eight-year period..

The Company also has a separate operating lease commitment on a property that it occupies for an annual amount of £40,000. This contract was for an eight-year period..

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
R F Brown
Balance outstanding at start of year 1,658,661 1,198,319
Amounts advanced 597,837 460,342
Amounts repaid (100,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,156,498 1,658,661

The above loan is interest free and there are no terms for repayment.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Aston Fittings Manufacturing Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Abridged Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aston Fittings Manufacturing Limited for the year ended 31 July 2024 which comprise the Abridged Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Aston Fittings Manufacturing Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aston Fittings Manufacturing Limited and state those matters that we have agreed to state to the director of Aston Fittings Manufacturing Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aston Fittings Manufacturing Limited and its director for our work or for this report.

It is your duty to ensure that Aston Fittings Manufacturing Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Aston Fittings Manufacturing Limited. You consider that Aston Fittings Manufacturing Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aston Fittings Manufacturing Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Langham Walsh
c/o Langham Walsh
BVIC, Central Boulevard,
Blythe Valley Business Park
Solihull
West Midlands
B90 8AJ


28 April 2025