Company Registration No. 04421225 (England and Wales)
A S & Associates Ltd
Unaudited accounts
for the year ended 31 March 2025
A S & Associates Ltd
Unaudited accounts
Contents
A S & Associates Ltd
Company Information
for the year ended 31 March 2025
Directors
Andrew Severn
Andrew Severn
Company Number
04421225 (England and Wales)
Registered Office
2 BATH PARADE
CHELTENHAM
GL53 7HL
ENGLAND
Accountants
Louise Newman and co Ltd
2 Bath Mews
Bath Parade
Cheltenham
Gloucestershire
GL53 7HL
A S & Associates Ltd
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
-
524
Creditors: amounts falling due within one year
(58,272)
(34,369)
Net current liabilities
(29,493)
(25,953)
Net liabilities
(28,412)
(25,203)
Called up share capital
5
5
Profit and loss account
(28,417)
(25,208)
Shareholders' funds
(28,412)
(25,203)
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
Andrew Severn
Director
Company Registration No. 04421225
A S & Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
A S & Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 04421225. The registered office is 2 BATH PARADE, CHELTENHAM, GL53 7HL, ENGLAND.
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.
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.
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
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
Straight line over 3 years
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.
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.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
A S & Associates Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2024
15,462
3,149
18,611
At 31 March 2025
15,462
4,365
19,827
At 1 April 2024
15,462
2,399
17,861
Charge for the year
-
885
885
At 31 March 2025
15,462
3,284
18,746
At 31 March 2025
-
1,081
1,081
At 31 March 2024
-
750
750
Amounts falling due within one year
Accrued income and prepayments
456
455
Amounts falling due after more than one year
Other debtors
28,303
7,437
6
Creditors: amounts falling due within one year
2025
2024
Bank loans and overdrafts
2,354
-
Amounts owed to group undertakings and other participating interests
32,407
14,557
Taxes and social security
14,194
10,479
The Company is controlled by A Severn, director of the company, by virtue of owning 100% of its share capital.
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).