Company Registration No. 13259242 (England and Wales)
Aston Street Motors Ltd
Unaudited accounts
for the year ended 31 March 2025
Aston Street Motors Ltd
Unaudited accounts
Contents
Aston Street Motors Ltd
Company Information
for the year ended 31 March 2025
Directors
Marie Woolley
Matthew Woolley
Company Number
13259242 (England and Wales)
Registered Office
Aston Street Motors
Brick Kiln Street
Tipton
West Midlands
DY4 9BP
England
Accountants
Nellys Accountants Ltd
71 Woodland Avenue
Tettenhall Wood
Wolverhampton
West Midlands
WV6 8ND
Aston Street Motors Ltd
Statement of financial position
as at 31 March 2025
Intangible assets
20,000
20,000
Tangible assets
12,008
11,492
Cash at bank and in hand
47,720
11,970
Creditors: amounts falling due within one year
(23,957)
(16,029)
Net current assets
33,691
5,167
Total assets less current liabilities
65,699
36,659
Provisions for liabilities
Deferred tax
(2,101)
(2,135)
Called up share capital
100
100
Profit and loss account
63,498
34,424
Shareholders' funds
63,598
34,524
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 14 December 2025 and were signed on its behalf by
Matthew Woolley
Director
Company Registration No. 13259242
Aston Street Motors Ltd
Notes to the Accounts
for the year ended 31 March 2025
Aston Street Motors Ltd is a private company, limited by shares, registered in England and Wales, registration number 13259242. The registered office is Aston Street Motors, Brick Kiln Street, Tipton, West Midlands, DY4 9BP, 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.
The accounts are presented in £ sterling and are round to the nearest pound.
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
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.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Aston Street Motors Ltd
Notes to the Accounts
for the year ended 31 March 2025
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 April 2024
-
21,787
21,787
At 31 March 2025
950
24,118
25,068
At 1 April 2024
-
10,295
10,295
Charge for the year
-
2,765
2,765
At 31 March 2025
-
13,060
13,060
At 31 March 2025
950
11,058
12,008
At 31 March 2024
-
11,492
11,492
Amounts falling due within one year
Accrued income and prepayments
5,590
5,426
7
Creditors: amounts falling due within one year
2025
2024
Trade creditors
5,319
1,323
Taxes and social security
10,844
8,798
Loans from directors
266
373
Aston Street Motors Ltd
Notes to the Accounts
for the year ended 31 March 2025
8
Deferred taxation
2025
2024
Accelerated capital allowances
2,101
2,135
Provision at start of year
2,135
2,583
Credited to the profit and loss account
(34)
(448)
Provision at end of year
2,101
2,135
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
10
Average number of employees
During the year the average number of employees was 3 (2024: 3).