Company Registration No. 06985021 (England and Wales)
Astra Telematics Limited
Unaudited accounts
for the year ended 31 August 2024
Astra Telematics Limited
Unaudited accounts
Contents
Astra Telematics Limited
Company Information
for the year ended 31 August 2024
Directors
Mr P A Vella
Mr D Turner
Mrs A Vella
Company Number
06985021 (England and Wales)
Registered Office
7a Enterprise House
Bailey Road, Trafford Park
Manchester
M17 1SA
Accountants
Accware Limited
32 Firs Road
Bolton
Lancs
BL5 1EZ
Astra Telematics Limited
Statement of financial position
as at 31 August 2024
Tangible assets
6,707
8,943
Inventories
742,897
530,308
Cash at bank and in hand
131,971
123,996
Creditors: amounts falling due within one year
(479,579)
(703,946)
Net current assets
587,764
325,796
Total assets less current liabilities
594,471
334,739
Creditors: amounts falling due after more than one year
(79,167)
(79,167)
Provisions for liabilities
Deferred tax
(1,677)
(2,299)
Net assets
513,627
253,273
Called up share capital
1,000
1,000
Profit and loss account
510,467
250,113
Shareholders' funds
513,627
253,273
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by
Mr P A Vella
Director
Company Registration No. 06985021
Astra Telematics Limited
Notes to the Accounts
for the year ended 31 August 2024
Astra Telematics Limited is a private company, limited by shares, registered in England and Wales, registration number 06985021. The registered office is 7a Enterprise House, Bailey Road, Trafford Park, Manchester, M17 1SA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Expenditure on research and development is written off in the year in which it is incurred.
Astra Telematics Limited
Notes to the Accounts
for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings
At 1 September 2023
27,862
At 1 September 2023
18,919
Amounts falling due within one year
Trade debtors
185,510
369,613
Accrued income and prepayments
2,590
1,450
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10
10
Trade creditors
214,716
510,341
Taxes and social security
115,823
94,436
Proposed dividends
4,800
-
Other creditors
(1,086)
(252)
Loans from directors
63,262
8,983
7
Creditors: amounts falling due after more than one year
2024
2023
Allotted, called up and fully paid:
760 Ordinary 'A' shares of £1 each
760
760
240 Ordinary 'B' shares of £1 each
240
240
Astra Telematics Limited
Notes to the Accounts
for the year ended 31 August 2024
9
Average number of employees
During the year the average number of employees was 6 (2023: 5).