Aston Fisher Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 08554448 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2022

for

Aston Fisher Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J Aston

Mrs S Aston

REGISTERED OFFICE:

Hilarion Cottage

Shurlock Road

Waltham St Lawrence

Berkshire

RG10 0HP

REGISTERED NUMBER:

08554448 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

5a Frascati Way

Maidenhead

Berkshire

SL6 4UY

FIXED ASSETS

Tangible assets

4

45,521

55,922

CURRENT ASSETS

Debtors

5

768,439

432,630

Cash at bank

714,090

495,135

1,482,529

927,765

CREDITORS

Amounts falling due within one year

6

(243,427

)

(73,354

)

NET CURRENT ASSETS

1,239,102

854,411

TOTAL ASSETS LESS CURRENT LIABILITIES

1,284,623

910,333

PROVISIONS FOR LIABILITIES

(9,992

)

(9,338

)

NET ASSETS

1,274,631

900,995

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

1,273,631

899,995

1,274,631

900,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 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.

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 and authorised for issue on 28 October 2022 and were signed on its behalf by:

Mr J Aston - Director

1.	STATUTORY INFORMATION

Aston Fisher 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

In the application of the company's accounting policies the directors are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The 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 company does not make significant estimates and assumptions concerning the future which affect the reported position shown in the accounts.

Turnover

Turnover, which excludes value added tax ("VAT"), constitutes the value of services undertaken by the company from its principal activity, which is recruitment consultancy. These services consist of:

- turnover from contracting placements, which represent amounts billed for the services of contracting staff. This is recognised when the service has been provided;

- turnover from permanent placements is based on a percentage of the candidates remuneration package and is derived from both retained assignments (income recognised on completion of defined stages of work) and non-retained assignments (income recognised at the date an office is accepted by a candidate)

Tangible fixed assets

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

Motor vehicles

-

15% on reducing balance

Computer equipment

-

33% on cost

Government grants

The company received income from the Government Coronavirus Job Retention Scheme. Government

grants are recognised in the income statement in the same period as the related expenditure.

Financial instruments

Basic financial instruments are recognised at amortised cost using the effective interest method, except for investments in non-convertible preference and non-puttable preference and ordinary shares, which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value, with changes recognised in profit and loss.

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2021 - 6 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2021

81,764

Additions

728

At 31 March 2022

82,492

DEPRECIATION

At 1 April 2021

25,842

Charge for year

11,129

At 31 March 2022

36,971

NET BOOK VALUE

At 31 March 2022

45,521

At 31 March 2021

55,922

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

189,129

77,077

Other debtors

579,310

355,553

768,439

432,630

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade creditors

26,927

8,796

Taxation and social security

186,186

52,328

Other creditors

30,314

12,230

243,427

73,354

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2022 and 31 March 2021:

31.3.22

31.3.21

£

£

Mr J Aston and Mrs S Aston

Balance outstanding at start of year

273,814

188,348

Amounts advanced

263,596

302,798

Amounts repaid

(95,059

)

(217,332

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

442,351

273,814

8.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr J Aston.