Registered number
04028467
A & S (1992) Ltd
Filleted Accounts
30 April 2024
A & S (1992) Ltd
Registered number: 04028467
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 76 76
Tangible assets 4 34,272 42,128
Investments 5 877,987 877,987
912,335 920,191
Current assets
Stocks 16,284 8,385
Debtors 6 424,127 288,214
Cash at bank and in hand 1,117,223 1,103,595
1,557,634 1,400,194
Creditors: amounts falling due within one year 7 33,232 (42,690)
Net current assets 1,590,866 1,357,504
Total assets less current liabilities 2,503,201 2,277,695
Creditors: amounts falling due after more than one year 8 (4,400) (17,192)
Net assets 2,498,801 2,260,503
Capital and reserves
Called up share capital 100 100
Share premium 7,023 7,023
Profit and loss account 2,491,678 2,253,380
Shareholder's funds 2,498,801 2,260,503
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 member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.
Mr Vinod Madhavji Davdra
Director
Approved by the board on 28 April 2025
A & S (1992) Ltd
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
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
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:
Leasehold land and buildings over the lease term
Plant and machinery 25% - reducing balance
Fixtures, fittings, tools and equipment 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.
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.
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 18 17
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 76
At 30 April 2024 76
Amortisation
At 30 April 2024 -
Net book value
At 30 April 2024 76
At 30 April 2023 76
4 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 553 187,459 188,012
Additions - 1,112 1,112
At 30 April 2024 553 188,571 189,124
Depreciation
At 1 May 2023 - 145,884 145,884
Charge for the year - 8,968 8,968
At 30 April 2024 - 154,852 154,852
Net book value
At 30 April 2024 553 33,719 34,272
At 30 April 2023 553 41,575 42,128
5 Investments
Other
investments
£
Cost
At 1 May 2023 877,987
At 30 April 2024 877,987
6 Debtors 2024 2023
£ £
Trade debtors 7,816 75,481
Other debtors 416,311 212,733
424,127 288,214
7 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 12,694 (60)
Taxation and social security costs 185,583 137,870
Other creditors (231,509) (95,120)
(33,232) 42,690
8 Creditors: amounts falling due after one year 2024 2023
£ £
Other creditors 4,400 17,192
9 Other information
A & S (1992) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
773 Uxbridge Road
Hayes
Middlesex
UB4 8HY
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