Company registration number 10679288 (England and Wales)
A&S Developments (Leeds) Limited
UNAUDITED FINANCIAL STATEMENTS
for the period ended 30 September 2024
PAGES FOR FILING WITH REGISTRAR
A&S Developments (Leeds) Limited
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
A&S Developments (Leeds) Limited
Statement Of Financial Position
as at 30 September 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
54,356
74,020
Current assets
Debtors
4
103,757
270,659
Cash at bank and in hand
2,904
44,785
106,661
315,444
Creditors: amounts falling due within one year
5
(106,272)
(95,701)
Net current assets
389
219,743
Total assets less current liabilities
54,745
293,763
Creditors: amounts falling due after more than one year
6
(17,766)
(47,605)
Provisions for liabilities
(13,589)
(18,505)
Net assets
23,390
227,653
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
23,290
227,553
Total equity
23,390
227,653
A&S Developments (Leeds) Limited
Statement Of Financial Position (continued)
as at 30 September 2024
- 2 -
The directors of the company have elected not to include a copy of the income statement within the financial statements.true
For the financial period ended 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 5 June 2025 and are signed on its behalf by:
Mr S J Smith
Director
Company Registration No. 10679288
A&S Developments (Leeds) Limited
Notes to the financial statements
for the period ended 30 September 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Plant and equipment
20% straight line
Motor vehicles
20% reducing balance
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Deferred tax
Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.
A&S Developments (Leeds) Limited
Notes to the financial statements (continued)
for the period ended 30 September 2024
1
Accounting policies
(continued)
- 4 -
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
Leases
Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.
Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2024
2023
Number
Number
Total
5
5
3
Tangible fixed assets
Plant and equipment
Motor vehicles
Total
£
£
£
Cost
At 1 April 2023
10,243
109,364
119,607
Additions
33,492
33,492
Disposals
(31,241)
(31,241)
At 30 September 2024
10,243
111,615
121,858
Depreciation and impairment
At 1 April 2023
4,690
40,897
45,587
Depreciation charged in the period
1,111
24,449
25,560
Eliminated in respect of disposals
(3,645)
(3,645)
At 30 September 2024
5,801
61,701
67,502
Carrying amount
At 30 September 2024
4,442
49,914
54,356
At 31 March 2023
5,553
68,467
74,020
A&S Developments (Leeds) Limited
Notes to the financial statements (continued)
for the period ended 30 September 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Other debtors
103,757
270,659
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
10,000
10,000
Trade creditors
3,312
1,392
Corporation tax
41,909
63,708
Other creditors
51,051
20,601
106,272
95,701
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
7,500
22,500
Other creditors
10,266
25,105
17,766
47,605
7
Company information
A&S Developments (Leeds) Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 3a, Station Way, Armley, Leeds, West Yorkshire, LS12 3HQ.