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Registration number: 12748133

Astrid Projects Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2024

 

Astrid Projects Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

Astrid Projects Limited

(Registration number: 12748133)
Balance Sheet as at 31 July 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

16,063

18,237

Current assets

 

Stocks

5

10,000

2,500

Debtors

6

29,228

47,615

Cash at bank and in hand

 

56,301

27,447

 

95,529

77,562

Creditors: Amounts falling due within one year

7

(68,575)

(51,660)

Net current assets

 

26,954

25,902

Total assets less current liabilities

 

43,017

44,139

Creditors: Amounts falling due after more than one year

7

-

(1,881)

Provisions for liabilities

(3,630)

(3,465)

Net assets

 

39,387

38,793

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

39,287

38,693

Shareholders' funds

 

39,387

38,793

 

Astrid Projects Limited

(Registration number: 12748133)
Balance Sheet as at 31 July 2024

For the financial year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 June 2025
 

.........................................
M C Williams
Director

 

Astrid Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

1

General information

The company, registered number 12748133, is a private company limited by share capital, incorporated in England and Wales. The address of the company's registered office is Airport Business Centre, 10 Thornbury Road, Plymouth, PL6 7PP, England.

These financial statements were authorised for issue by the director on 11 June 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Going concern

The financial statements have been prepared on a going concern basis. The director has assessed the company's ability to continue trading for the foreseeable future and has a reasonable expectation that the company has adequate resources to meet its obligations as they fall due. Accordingly, the director considers it appropriate to prepare the financial statements on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Rendering of services - 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. Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

 

Astrid Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

15% Straight Line method

Office equipment

33% Straight Line method

Motor vehicles

20% Straight Line method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

 

Astrid Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.

When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors with no stated interest rate and payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2023 - 1).

 

Astrid Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

4

Tangible assets

Plant and machinery
£

Office equipment
£

Motor vehicles
 £

Total
£

Cost or valuation

At 1 August 2023

4,737

453

25,930

31,120

Additions

2,783

2,148

-

4,931

At 31 July 2024

7,520

2,601

25,930

36,051

Depreciation

At 1 August 2023

1,622

380

10,881

12,883

Charge for the year

1,129

790

5,186

7,105

At 31 July 2024

2,751

1,170

16,067

19,988

Carrying amount

At 31 July 2024

4,769

1,431

9,863

16,063

At 31 July 2023

3,115

73

15,049

18,237

5

Stocks

2024
£

2023
£

Raw materials and consumables

10,000

2,500

6

Debtors

Current

2024
£

2023
£

Trade debtors

5,055

33,721

Prepayments

7,405

3,316

Other debtors

16,768

10,578

 

29,228

47,615

 

Astrid Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

9

1,881

5,305

Trade creditors

 

19,997

29,202

Taxation and social security

 

31,640

14,896

Accruals and deferred income

 

7,538

2,257

Other creditors

 

7,519

-

 

68,575

51,660

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

9

-

1,881

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

100

100

100

100

       

9

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

-

1,881

Current loans and borrowings

2024
£

2023
£

Bank borrowings

1,881

5,305

 

Astrid Projects Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2024

10

Related party transactions

Loans to related parties

Included within other debtors are the following loans to directors:

2024

Directors
£

Total
£

At start of period

4,826

4,826

Advanced

74,027

74,027

Repaid

(78,853)

(78,853)

At end of period

-

-

2023

Directors
£

Total
£

Advanced

22,798

22,798

Repaid

(17,972)

(17,972)

At end of period

4,826

4,826

The loan is unsecured, repayable on demand and interest is charged at 2.25% (2023: 0%) per annum