Company Registration No. 06269361 (England and Wales)
Askews Power Trac (APT) Limited
Unaudited accounts
for the year ended 31 March 2025
Askews Power Trac (APT) Limited
Unaudited accounts
Contents
Askews Power Trac (APT) Limited
Company Information
for the year ended 31 March 2025
Directors
Graham Askew
Lloyd Askew
Company Number
06269361 (England and Wales)
Registered Office
Unit 2
The Exchange
Ryall
Worcestershire
WR8 0PU
Askews Power Trac (APT) Limited
Accountants' report
Accountants' report to the board of directors of Askews Power Trac (APT) Limited on the preparation of the unaudited statutory accounts for the year ended 31 March 2025
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Askews Power Trac (APT) Limited for the year ended
31 March 2025 as set out on pages
5 -
8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Askews Power Trac (APT) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Askews Power Trac (APT) Limited and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Askews Power Trac (APT) Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Askews Power Trac (APT) Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Askews Power Trac (APT) Limited. You consider that Askews Power Trac (APT) 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 accounts of Askews Power Trac (APT) 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 accounts.
Askews Power Trac (APT) Limited
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
48
203
Creditors: amounts falling due within one year
(28,006)
(46,531)
Net current liabilities
(27,958)
(18,326)
Total assets less current liabilities
(27,958)
(15,418)
Provisions for liabilities
Net liabilities
(27,958)
(15,972)
Called up share capital
100
100
Profit and loss account
(28,058)
(16,072)
Shareholders' funds
(27,958)
(15,972)
For the year ending 31 March 2025 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 16 May 2025 and were signed on its behalf by
Graham Askew
Director
Company Registration No. 06269361
Askews Power Trac (APT) Limited
Notes to the Accounts
for the year ended 31 March 2025
Askews Power Trac (APT) Limited is a private company, limited by shares, registered in England and Wales, registration number 06269361. The registered office is Unit 2, The Exchange, Ryall, Worcestershire, WR8 0PU.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities.
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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 5 years.
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following annual rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on reducing balance
Motor vehicles
25% on reducing balance
Computer equipment
25% on reducing balance
Stocks have been valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
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.
Askews Power Trac (APT) Limited
Notes to the Accounts
for the year ended 31 March 2025
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Hire Purchase and Leasing Commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 April 2024
1,008
38,825
7,584
47,417
Disposals
(1,008)
(38,825)
(7,584)
(47,417)
At 1 April 2024
714
36,556
7,239
44,509
On disposals
(714)
(36,556)
(7,239)
(44,509)
At 31 March 2024
294
2,269
345
2,908
Amounts falling due within one year
Askews Power Trac (APT) Limited
Notes to the Accounts
for the year ended 31 March 2025
7
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
-
14,100
Taxes and social security
-
(255)
Loans from directors
28,006
30,065
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).