Anthony Aston Builders Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01794129 (England and Wales)

Financial Statements

for the Year Ended 31 March 2020

for

Anthony Aston Builders Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

K A Aston

SECRETARY:

Mrs J Aston

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

01794129 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

BANKERS:

Lloyds Bank

Compton

Ashbourne

Derbyshire

DE6 1DY

FIXED ASSETS

Tangible assets

4

14,371

16,606

CURRENT ASSETS

Debtors

5

244,222

338,744

Cash at bank and in hand

6,462

5,781

250,684

344,525

CREDITORS

Amounts falling due within one year

6

160,343

173,437

NET CURRENT ASSETS

90,341

171,088

TOTAL ASSETS LESS CURRENT LIABILITIES

104,712

187,694

CREDITORS

Amounts falling due after more than one year

7

353

5,061

NET ASSETS

104,359

182,633

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

104,259

182,533

SHAREHOLDERS' FUNDS

104,359

182,633

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 December 2020 and were signed by:

K A Aston - Director

1.	STATUTORY INFORMATION

Anthony Aston Builders 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 represents net invoiced sales of building work completed during the year, excluding value added tax. Turnover is recognised when the company has transferred the significant risks and rewards of ownership to the buyer and it is probable that the agreed upon payment will be received.

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.

Plant and machinery

-

15% on reducing balance

Fixtures and fittings

-

15% on reducing balance

Computer equipment

-

Straight line over 3 years

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2019

43,600

817

6,612

51,029

Additions

301

-

-

301

At 31 March 2020

43,901

817

6,612

51,330

DEPRECIATION

At 1 April 2019

27,054

758

6,611

34,423

Charge for year

2,527

9

-

2,536

At 31 March 2020

29,581

767

6,611

36,959

NET BOOK VALUE

At 31 March 2020

14,320

50

1

14,371

At 31 March 2019

16,546

59

1

16,606

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Amounts owed by group undertakings

242,996

335,846

Other debtors

1,226

2,898

244,222

338,744

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

£

Hire purchase contracts

4,708

4,505

Trade creditors

4,587

15,505

Tax

6,684

21,295

Social security and other taxes

565

571

Other creditors

6,579

1,845

Pension fund loan account

135,330

127,676

Accrued expenses

1,890

2,040

160,343

173,437

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

£

Hire purchase contracts

353

5,061

8.	SECURED DEBTS

The following secured debts are included within creditors:

2020

2019

£

£

Hire purchase contracts

5,061

9,566