Registration number: 07667548

A & S Commercials Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 10

A & S Commercials Limited

Company Information

Directors

Mr Anthony Skidmore Mrs Tracey Skidmore

Registered office

Unit 14 Metro Trading Centre Barugh Green Road Barugh Green Barnsley South Yorkshire S75 1JT

Accountants

Thorntons Accounting Limited Chartered Certified Accountants 176-178 Pontefract Road Cudworth Barnsley South Yorkshire S72 8BE

A & S Commercials Limited

(Registration number: 07667548)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	192,133	163,008
Current assets
Stocks	5	10,000	10,000
Debtors	6	243,377	345,552
Cash at bank and in hand		559,557	296,107
		812,934	651,659
Creditors: Amounts falling due within one year	7	(221,571)	(210,997)
Net current assets		591,363	440,662
Total assets less current liabilities		783,496	603,670
Creditors: Amounts falling due after more than one year	7	-	(9,172)
Provisions for liabilities		(24,966)	(24,966)
Net assets		758,530	569,532
Capital and reserves
Called up share capital	8	100	100
Retained earnings		758,430	569,432
Shareholders' funds		758,530	569,532

For the financial year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

A & S Commercials Limited

(Registration number: 07667548)
Balance Sheet as at 30 June 2025

Approved and authorised by the Board on 31 October 2025 and signed on its behalf by:
 

......................................... Mr Anthony Skidmore Director

A & S Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Unit 14 Metro Trading Centre
Barugh Green Road
Barugh Green
Barnsley
South Yorkshire
S75 1JT

These financial statements were authorised for issue by the Board on 31 October 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.

Going concern

The financial statements have been prepared 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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

A & S Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

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
Motor vehicles	25% Reducing balance
Plant and machinery	25% Reducing balance
Fixtures and fittings	25% Straight line
Leasehold improvements	5% Straight line

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 are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

A & S Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

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 are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

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.

A & S Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 8 (2024 - 7).

4	Tangible assets

	Long leasehold land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 July 2024	44,710	23,683	60,026	253,386
Additions	4,800	-	37,315	53,810
Disposals	-	-	-	(46,260)
At 30 June 2025	49,510	23,683	97,341	260,936
Depreciation
At 1 July 2024	5,487	16,934	45,470	150,906
Charge for the year	2,476	3,184	12,968	36,039
Eliminated on disposal	-	-	-	(34,127)
At 30 June 2025	7,963	20,118	58,438	152,818
Carrying amount
At 30 June 2025	41,547	3,565	38,903	108,118
At 30 June 2024	39,223	6,749	14,556	102,480

A & S Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

	Total £
Cost or valuation
At 1 July 2024	381,805
Additions	95,925
Disposals	(46,260)
At 30 June 2025	431,470
Depreciation
At 1 July 2024	218,797
Charge for the year	54,667
Eliminated on disposal	(34,127)
At 30 June 2025	239,337
Carrying amount
At 30 June 2025	192,133
At 30 June 2024	163,008

Included within the net book value of land and buildings above is £41,547 (2024 - £39,223) in respect of long leasehold land and buildings.
 

5

Stocks

	2025 £	2024 £
Other inventories	10,000	10,000

6

Debtors

	2025 £	2024 £
Trade debtors	234,167	237,031
Other debtors	-	100,121
Prepayments	9,210	8,400
	243,377	345,552

A & S Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	-	10,000
Trade creditors		31,961	65,599
Taxation and social security		183,845	132,396
Accruals and deferred income		4,350	4,350
Other creditors		1,415	(1,348)
		221,571	210,997

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	-	9,172

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100

9	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	9,172

A & S Commercials Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 June 2025

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	-	10,000

10

Dividends

Interim dividends paid

		2025 £		2024 £
Interim dividend of £1,580.00 (2024 - £1,000.00) per each Ordinary		158,000		100,000

11	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2025 £	2024 £
Remuneration	28,605	16,270