Registered number
07354609
Astley Van Hire Limited
Filleted Accounts
31 August 2024
Astley Van Hire Limited
Registered number: 07354609
Balance Sheet
as at 31 August 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 211,335 248,075
Current assets
Debtors 4 40,000 3,738
Cash at bank and in hand 67,488 102,355
107,488 106,093
Creditors: amounts falling due within one year 5 (113,559) (189,287)
Net current liabilities (6,071) (83,194)
Net assets 205,264 164,881
Capital and reserves
Called up share capital 100 100
Profit and loss account 205,164 164,781
Shareholders' funds 205,264 164,881
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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 S R Berry
Director
Approved by the board on 23 April 2025
Astley Van Hire Limited
Notes to the Accounts
for the year ended 31 August 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.
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:
Plant and machinery 5-10 years
Fixtures, fittings, tools and equipment 5-10 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 September 2023 101,127 1,572 465,742 568,441
At 31 August 2024 101,127 1,572 465,742 568,441
Depreciation
At 1 September 2023 - 1,507 318,859 320,366
Charge for the year - 16 36,724 36,740
At 31 August 2024 - 1,523 355,583 357,106
Net book value
At 31 August 2024 101,127 49 110,159 211,335
At 31 August 2023 101,127 65 146,883 248,075
4 Debtors 2024 2023
£ £
Other debtors 40,000 3,738
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 5,456 6,582
Taxation and social security costs 26,358 27,147
Other creditors 81,745 155,558
113,559 189,287
6 Related party transactions 2024 2023
£ £
The directors are related parties to the company. At 31 August, the company owed the related parties the following unsecured amounts that are repayable upon demand and upon which interest of 2% was paid to the related parties (calculated upon the average balance outstanding during the year). In addition, rent was paid to the related parties by the company as shown below.
Amounts due to the related parties 78,545 152,859
Rent paid to related parties - 5,000
7 Controlling party
The directors are the ultimate controlling parties by virtue of their 100% ownership of the issued share capital of the company.
8 Other information
Astley Van Hire Limited is a private company limited by shares and incorporated in England. Its registered office is:
102 Higher Green Lane
Astley
Manchester
M29 7HZ
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