Aston Architectural Aluminium Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08480708 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 April 2021

for

Aston Architectural Aluminium Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J S Gorasia

SECRETARY:

J S Gorasia

REGISTERED OFFICE:

Lynx House

Ferndown

Northwood

Middlesex

HA6 1PQ

REGISTERED NUMBER:

08480708 (England and Wales)

ACCOUNTANTS:

Tanna & Co

Chartered Accountants

Lynx House

Ferndown

Northwood

Middlesex

HA6 1PQ

FIXED ASSETS

Tangible assets

4

131,682

130,409

CURRENT ASSETS

Stocks

247,650

325,437

Debtors

5

56,073

49,951

Cash at bank

477,552

79,244

781,275

454,632

CREDITORS

Amounts falling due within one year

6

615,399

292,561

NET CURRENT ASSETS

165,876

162,071

TOTAL ASSETS LESS CURRENT LIABILITIES

297,558

292,480

CREDITORS

Amounts falling due after more than one year

7

79,546

61,117

NET ASSETS

218,012

231,363

CAPITAL AND RESERVES

Called up share capital

8

2,700

2,700

Retained earnings

9

215,312

228,663

SHAREHOLDERS' FUNDS

218,012

231,363

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2021 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 April 2022 and were signed by:

J S Gorasia - Director

1.	STATUTORY INFORMATION

Aston Architectural Aluminium 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.

Land and buildings

-

not provided

Plant and machinery etc

-

25% on reducing balance

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 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.

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.

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 10 (2020 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1 May 2020

3,976

292,975

40,403

-

337,354

Additions

-

30,826

5,569

7,450

43,845

At 30 April 2021

3,976

323,801

45,972

7,450

381,199

DEPRECIATION

At 1 May 2020

-

189,667

17,278

-

206,945

Charge for year

-

40,709

-

1,863

42,572

At 30 April 2021

-

230,376

17,278

1,863

249,517

NET BOOK VALUE

At 30 April 2021

3,976

93,425

28,694

5,587

131,682

At 30 April 2020

3,976

103,308

23,125

-

130,409

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

Plant and

machinery

£

COST

At 1 May 2020

and 30 April 2021

130,181

DEPRECIATION

At 1 May 2020

56,954

Charge for year

18,307

At 30 April 2021

75,261

NET BOOK VALUE

At 30 April 2021

54,920

At 30 April 2020

73,227

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Trade debtors

20,726

19,128

Other debtors

35,347

30,823

56,073

49,951

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans and overdrafts

230,000

-

Finance leases

21,570

21,570

Trade creditors

267,769

155,807

Taxation and social security

43,462

28,838

Other creditors

52,598

86,346

615,399

292,561

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.21

30.4.20

£

£

Bank loans

40,000

-

Finance leases

39,546

61,117

79,546

61,117

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.21

30.4.20

value:

£

£

2,700

Ordinary

£2700

2,700

2,700

9.

RESERVES

Retained

earnings

£

At 1 May 2020

228,663

Profit for the year

66,649

Dividends

(80,000

)

At 30 April 2021

215,312

10.	RELATED PARTY DISCLOSURES

The company purchased goods and services amounting to £521,280 and sold goods amounting to

£152,282 from/to a business controlled by the directors parents.