Astarita Aldrich & Ward Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10331458 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2018

for

ASTARITA ALDRICH & WARD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Aldrich

Ms I K Ward

J P R Nash

M E Astarita

SECRETARY:

Ms I K Ward

REGISTERED OFFICE:

4 Wedmore Gardens

London

N19 4DL

REGISTERED NUMBER:

10331458 (England and Wales)

FIXED ASSETS

Intangible assets

4

3,470

-

Tangible assets

5

2,908

516

6,378

516

CURRENT ASSETS

Debtors

6

121,026

53,901

Cash at bank and in hand

84,875

19,640

205,901

73,541

CREDITORS

Amounts falling due within one year

7

(103,277

)

(26,098

)

NET CURRENT ASSETS

102,624

47,443

TOTAL ASSETS LESS CURRENT LIABILITIES

109,002

47,959

CREDITORS

Amounts falling due after more than one year

8

(17,279

)

(16,454

)

PROVISIONS FOR LIABILITIES

9

(494

)

(88

)

NET ASSETS

91,229

31,417

CAPITAL AND RESERVES

Called up share capital

395

95

Share premium

2,700

-

Other reserves

4,329

4,329

Retained earnings

83,805

26,993

SHAREHOLDERS' FUNDS

91,229

31,417

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 May 2019 and were signed on its behalf by:

T Aldrich - Director

1.	STATUTORY INFORMATION

Astarita Aldrich & Ward Limited is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information

page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Significant judgements and estimates

Preparation of the financial statements requires management to make significant judgements and estimates and

these estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting

estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or

in the period of the revision and future periods if the revision affects both current and future periods.

The items in the financial statements where these judgements and estimates have been made include

provisions, investments and the recoverability of debtors.

Turnover

Turnover represents the fair value of consideration received or receivable net of VAT and trade discounts.

Revenue from the sale of services is recognised at the point of sale.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost

less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and

accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of

operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful

life.

Computer Equipment

-

straight line over 3 years

Fixtures & Fittings

-

straight line over 3 years

Plant & Machinery

-

straight line over 3 years

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual

arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets

of the entity after deducting all of its financial liabilities.

The company only enters into basic financial instruments transactions that result in the recognition of financial

assets and liabilities such as trade and other debtors and creditors and related party loans.

For financial assets measured at amortised cost, the impairment loss is measured as the difference between an

asset's carrying amount and the present value of the estimated cash flows discounted at the asset's original

effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any

impairment loss is the current effective interest rate determined under the contract.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

Impairment policy

At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there

is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable

amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not

possible to estimate the recoverable amount of an asset, the Company estimates the recoverable amount of the

cash-generating unit to which the asset belongs.

Going concern

The directors have a reasonable expectation that the company has adequate resources to continue in existence

for the foreseeable future. The company therefore continues to adopt the going concern basis in preparing its

financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2017 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

Additions

5,000

At 31 August 2018

5,000

AMORTISATION

Charge for year

1,530

At 31 August 2018

1,530

NET BOOK VALUE

At 31 August 2018

3,470

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2017

-

-

774

774

Additions

430

718

1,929

3,077

At 31 August 2018

430

718

2,703

3,851

DEPRECIATION

At 1 September 2017

-

-

258

258

Charge for year

24

81

580

685

At 31 August 2018

24

81

838

943

NET BOOK VALUE

At 31 August 2018

406

637

1,865

2,908

At 31 August 2017

-

-

516

516

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

119,218

53,851

Other debtors

1,808

50

121,026

53,901

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade creditors

2,054

8,255

Taxation and social security

58,405

17,413

Other creditors

42,818

430

103,277

26,098

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2018

2017

£

£

Other creditors

17,279

16,454

9.	PROVISIONS FOR LIABILITIES

2018

2017

£

£

Deferred tax

494

88

Deferred

tax

£

Balance at 1 September 2017

88

Accelerated.capital allowances

406

Balance at 31 August 2018

494

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the year ended 31 August 2018 and the

period ended 31 August 2017:

2018

2017

£

£

T Aldrich

Balance outstanding at start of year

-

-

Amounts advanced

150

-

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

150

-

Director's loan is interest free and repayable on demand.