Astarita Aldrich & Ward Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 10331458 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2022

for

ASTARITA ALDRICH & WARD LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

T Aldrich

I K Ward

J P R Nash

M E Astarita

SECRETARY:

I K Ward

REGISTERED OFFICE:

Holborn Studios

49/50 Eagle Wharf Road

London

N1 7ED

REGISTERED NUMBER:

10331458 (England and Wales)

FIXED ASSETS

Intangible assets

4

6,150

10,483

Tangible assets

5

3,329

3,499

Investments

6

-

66,667

9,479

80,649

CURRENT ASSETS

Debtors

7

195,562

142,553

Cash at bank and in hand

209,626

239,596

405,188

382,149

CREDITORS

Amounts falling due within one year

8

(157,844

)

(253,627

)

NET CURRENT ASSETS

247,344

128,522

TOTAL ASSETS LESS CURRENT LIABILITIES

256,823

209,171

PROVISIONS FOR LIABILITIES

9

(766

)

(665

)

NET ASSETS

256,057

208,506

CAPITAL AND RESERVES

Called up share capital

10

400

400

Share premium

7,695

7,695

Retained earnings

247,962

200,411

SHAREHOLDERS' FUNDS

256,057

208,506

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 4 April 2023 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.

Turnover

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

Government grants

Grants which relate to revenue shall be recognised in income on a systematic basis over the periods in which the entity recognises the related costs for which the grant is intended to compensate.

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

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 13 (2021 - 9 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 September 2021

and 31 August 2022

18,000

AMORTISATION

At 1 September 2021

7,517

Charge for year

4,333

At 31 August 2022

11,850

NET BOOK VALUE

At 31 August 2022

6,150

At 31 August 2021

10,483

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2021

430

3,206

7,615

11,251

Additions

-

369

2,956

3,325

At 31 August 2022

430

3,575

10,571

14,576

DEPRECIATION

At 1 September 2021

430

2,411

4,911

7,752

Charge for year

-

918

2,577

3,495

At 31 August 2022

430

3,329

7,488

11,247

NET BOOK VALUE

At 31 August 2022

-

246

3,083

3,329

At 31 August 2021

-

795

2,704

3,499

6.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2021

66,667

Disposals

(66,667

)

At 31 August 2022

-

NET BOOK VALUE

At 31 August 2022

-

At 31 August 2021

66,667

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade debtors

185,979

131,686

Other debtors

9,583

10,867

195,562

142,553

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Trade creditors

36,384

10,746

Amounts owed to group undertakings

-

116,957

Taxation and social security

98,506

101,730

Other creditors

22,954

24,194

157,844

253,627

9.	PROVISIONS FOR LIABILITIES

2022

2021

£

£

Deferred tax

766

665

Deferred

tax

£

Balance at 1 September 2021

665

Accelerated.capital allowances

101

Balance at 31 August 2022

766

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2022

2021

value:

£

£

1,000

ORDINARY

10p

400

400

11.	RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.