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Registered number: 04504759
Asbestos Assessment And Control Limited
Unaudited Financial Statements
For the Period 1 September 2023 to 28 February 2025
Traction Accountancy Ltd
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 04504759
28 February 2025 31 August 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 37,685 47,968
Investments 5 11,070 11,070
48,755 59,038
CURRENT ASSETS
Debtors 6 75,790 68,621
Cash at bank and in hand 37,814 21,631
113,604 90,252
Creditors: Amounts Falling Due Within One Year 7 (52,678 ) (41,945 )
NET CURRENT ASSETS (LIABILITIES) 60,926 48,307
TOTAL ASSETS LESS CURRENT LIABILITIES 109,681 107,345
Creditors: Amounts Falling Due After More Than One Year 8 (9,801 ) (24,167 )
NET ASSETS 99,880 83,178
CAPITAL AND RESERVES
Called up share capital 9 110 110
Profit and Loss Account 99,770 83,068
SHAREHOLDERS' FUNDS 99,880 83,178
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Page 2
For the period ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr G Melling
Director
28/11/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Asbestos Assessment And Control Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04504759 . The registered office is Fernhill Business Centre, Todd Street, Bury, Lancashire, BL9 5BJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover represents net invoiced sales of services, excluding value added tax.
2.3. Tangible Fixed Assets and Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance and 20% on reducing balance
Motor Vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance
2.4. Leasing and Hire Purchase Contracts
Rentals paid under the operating leases are charged to profit or loss on a straight line basis over the period of the lease.
2.5. Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
2.7. Fixed Asset Investment
Fixed asset investments are stated at cost less any accumulated impairment losses.
Cost includes directly attributable transaction costs.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 5 (2023: 5)
5 5
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4. Tangible Assets
Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £
Cost
As at 1 September 2023 59,599 7,504 88,599 155,702
Additions - 3,252 5,981 9,233
As at 28 February 2025 59,599 10,756 94,580 164,935
Depreciation
As at 1 September 2023 14,900 6,811 86,023 107,734
Provided during the period 15,365 532 3,619 19,516
As at 28 February 2025 30,265 7,343 89,642 127,250
Net Book Value
As at 28 February 2025 29,334 3,413 4,938 37,685
As at 1 September 2023 44,699 693 2,576 47,968
5. Investments
Other
£
Cost or Valuation
As at 1 September 2023 11,070
As at 28 February 2025 11,070
Provision
As at 1 September 2023 -
As at 28 February 2025 -
Net Book Value
As at 28 February 2025 11,070
As at 1 September 2023 11,070
Fixed asset investments are held at cost.
6. Debtors
28 February 2025 31 August 2023
£ £
Due within one year
Trade debtors 53,089 49,621
Amounts recoverable on contracts 3,000 5,000
Other debtors 19,701 14,000
75,790 68,621
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7. Creditors: Amounts Falling Due Within One Year
28 February 2025 31 August 2023
£ £
Bank loans and overdrafts 10,000 10,000
Other creditors 3,684 7,627
Taxation and social security 38,994 24,318
52,678 41,945
8. Creditors: Amounts Falling Due After More Than One Year
28 February 2025 31 August 2023
£ £
Bank loans 9,801 24,167
9. Share Capital
28 February 2025 31 August 2023
£ £
Allotted, Called up and fully paid 110 110
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 September 2023 Amounts advanced Amounts repaid Amounts written off As at 28 February 2025
£ £ £ £ £
Mr Glyn Melling (255 ) 48,824 (42,868 ) - 5,701
The above loan is unsecured, interest free and repayable on demand.
11. Ultimate Controlling Party
The company's ultimate controlling party is Mr G Melling by virtue of his ownership of 100% of the issued share capital in the company.
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