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Company Registration No. 06538016 (England and Wales)
Astringo Commodities Limited Unaudited accounts for the year ended 31 August 2024
Astringo Commodities Limited Unaudited accounts Contents
Page
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Astringo Commodities Limited Company Information for the year ended 31 August 2024
Directors
Katherine Powell Simon Powell
Company Number
06538016 (England and Wales)
Registered Office
Unit 1 Viceroy Court Bedford Road Petersfield Hampshire GU32 3LJ
Accountants
Newnham & Son Ltd School Master's House 39 College Street Petersfield Hampshire GU31 4AG
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Astringo Commodities Limited Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
33,306 
45,909 
Current assets
Inventories
149,973 
185,555 
Debtors
69,843 
7,568 
Cash at bank and in hand
117,866 
118,918 
337,682 
312,041 
Creditors: amounts falling due within one year
(295,001)
(224,624)
Net current assets
42,681 
87,417 
Total assets less current liabilities
75,987 
133,326 
Creditors: amounts falling due after more than one year
(7,474)
(17,489)
Provisions for liabilities
Deferred tax
(6,329)
(8,723)
Net assets
62,184 
107,114 
Capital and reserves
Called up share capital
300 
300 
Profit and loss account
61,884 
106,814 
Shareholders' funds
62,184 
107,114 
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 29 May 2025 and were signed on its behalf by
Simon Powell Director Company Registration No. 06538016
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Astringo Commodities Limited Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Astringo Commodities Limited is a private company, limited by shares, registered in England and Wales, registration number 06538016. The registered office is Unit 1 Viceroy Court, Bedford Road, Petersfield, Hampshire, GU32 3LJ.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% reducing balance
Computer equipment
33% reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
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.
Foreign exchange
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.
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Astringo Commodities Limited Notes to the Accounts for the year ended 31 August 2024
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
44,307 
184,258 
228,565 
Additions
- 
237 
237 
At 31 August 2024
44,307 
184,495 
228,802 
Depreciation
At 1 September 2023
25,237 
157,419 
182,656 
Charge for the year
3,814 
9,026 
12,840 
At 31 August 2024
29,051 
166,445 
195,496 
Net book value
At 31 August 2024
15,256 
18,050 
33,306 
At 31 August 2023
19,070 
26,839 
45,909 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
65,550 
1,300 
Accrued income and prepayments
3,665 
3,500 
Other debtors
628 
2,768 
69,843 
7,568 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
10,648 
10,648 
VAT
22,190 
2,274 
Trade creditors
97,707 
80,194 
Taxes and social security
139,844 
85,868 
Other creditors
12,226 
32,198 
Loans from directors
9,086 
10,142 
Accruals
3,300 
3,300 
295,001 
224,624 
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Astringo Commodities Limited Notes to the Accounts for the year ended 31 August 2024
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
7,474 
17,489 
8
Average number of employees
During the year the average number of employees was 6 (2023: 6).
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