Aysgarth Services Limited - Accounts to registrar (filleted) - small 18.2

Aysgarth Services Limited - Accounts to registrar (filleted) - small 18.2

AYSGARTH SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 10528687 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31st December 2018

for

Aysgarth Services Limited
Aysgarth Services Limited (Registered number: 10528687)






Contents of the Financial Statements
for the Year Ended 31st December 2018




Page

Company information 1

Abridged statement of financial position 2

Notes to the financial statements 4


Aysgarth Services Limited

Company Information
for the Year Ended 31st December 2018







Directors: S K Metcalfe
V Metcalfe
E Watson





Registered office: Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX





Registered number: 10528687 (England and Wales)





Accountants: Cooper Paul
Abacus House
14-18 Forest Road
Loughton
Essex
IG10 1DX
Page 1
Aysgarth Services Limited (Registered number: 10528687)

Abridged Statement of Financial Position
31st December 2018

2018 2017
Notes £    £   
Fixed assets
Tangible assets 4 23,009 26,156

Current assets
Stocks 2,000 2,000
Debtors 5 45,782 60,684
Cash at bank and in hand 53,142 56,508
100,924 119,192
Creditors
Amounts falling due within one year (22,938 ) (43,061 )
Net current assets 77,986 76,131
Total assets less current liabilities 100,995 102,287

Provisions for liabilities (4,372 ) -
Net assets 96,623 102,287

Capital and reserves
Called up share capital 100 100
Retained earnings 96,523 102,187
Shareholders' funds 96,623 102,287

The notes form part of these financial statements

Page 2
Aysgarth Services Limited (Registered number: 10528687)

Abridged Statement of Financial Position - continued
31st December 2018


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the year ended 31st December 2018 in accordance with Section 444(2A) of the Companies Act 2006.

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 23rd September 2019 and were signed
on its behalf by:





S K Metcalfe - Director


The notes form part of these financial statements

Page 3
Aysgarth Services Limited (Registered number: 10528687)

Notes to the Financial Statements
for the Year Ended 31st December 2018

1. Statutory information

Aysgarth Services 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding
discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for
obsolete and slow moving items.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at
the statement of financial position 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.

Page 4
Aysgarth Services Limited (Registered number: 10528687)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2018

2. Accounting policies - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.
Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held
under finance leases are depreciated over their estimated useful lives or the lease term, whichever is
the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The
capital element of the future payments is treated as a liability.

3. Employees and directors

The average number of employees during the year was 3 (2017 - 2 ) .

4. Tangible fixed assets
Totals
£   
Cost
At 1st January 2018 32,695
Additions 4,241
At 31st December 2018 36,936
Depreciation
At 1st January 2018 6,539
Charge for year 7,388
At 31st December 2018 13,927
Net book value
At 31st December 2018 23,009
At 31st December 2017 26,156

Page 5
Aysgarth Services Limited (Registered number: 10528687)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2018

4. Tangible fixed assets - continued

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are
as follows:

Totals
£   
Cost
At 1st January 2018
and 31st December 2018 18,975
Depreciation
At 1st January 2018 3,795
Charge for year 3,795
At 31st December 2018 7,590
Net book value
At 31st December 2018 11,385
At 31st December 2017 15,180

5. Debtors: amounts falling due after more than one year
2018 2017
£    £   
Other debtors 17,801 17,801

Page 6