1
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2022-01-01
Sage Accounts Production Advanced 2023 - FRS102_2023
xbrli:pure
xbrli:shares
iso4217:GBP
04508927
2022-01-01
2022-12-31
04508927
2022-12-31
04508927
2021-12-31
04508927
2021-01-01
2021-12-31
04508927
2021-12-31
04508927
2020-12-31
04508927
bus:LeadAgentIfApplicable
2022-01-01
2022-12-31
04508927
bus:Director1
2022-01-01
2022-12-31
04508927
core:WithinOneYear
2022-12-31
04508927
core:WithinOneYear
2021-12-31
04508927
core:ShareCapital
2022-12-31
04508927
core:ShareCapital
2021-12-31
04508927
core:RetainedEarningsAccumulatedLosses
2022-12-31
04508927
core:RetainedEarningsAccumulatedLosses
2021-12-31
04508927
core:CostValuation
core:Non-currentFinancialInstruments
2021-12-31
04508927
core:AdditionsToInvestments
core:Non-currentFinancialInstruments
2022-12-31
04508927
core:CostValuation
core:Non-currentFinancialInstruments
2022-12-31
04508927
core:Non-currentFinancialInstruments
2022-12-31
04508927
core:Non-currentFinancialInstruments
2021-12-31
04508927
bus:SmallEntities
2022-01-01
2022-12-31
04508927
bus:AuditExemptWithAccountantsReport
2022-01-01
2022-12-31
04508927
bus:SmallCompaniesRegimeForAccounts
2022-01-01
2022-12-31
04508927
bus:PrivateLimitedCompanyLtd
2022-01-01
2022-12-31
04508927
bus:AbridgedAccounts
2022-01-01
2022-12-31
04508927
core:ComputerEquipment
2022-01-01
2022-12-31
|
STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS |
|
All of the members of Astrup Agencies Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 December 2022 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER:
04508927
|
FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS |
|
|
REPORT TO THE DIRECTOR ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF
ASTRUP AGENCIES LIMITED |
|
YEAR ENDED 31 DECEMBER 2022
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Astrup Agencies Limited for the year ended 31 December 2022, which comprise the abridged statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
LANGARD LIFFORD HALL LIMITED
Accountants and Registered Auditors
Lifford Hall
Lifford Lane
Kings Norton
Birmingham
B30 3JN
6 August 2023
|
ABRIDGED STATEMENT OF FINANCIAL POSITION |
|
31 December 2022
Fixed assets
|
Tangible assets |
5 |
|
679 |
|
1,019 |
|
Investments |
6 |
|
98,000 |
|
73,000 |
|
|
------------ |
|
------------ |
|
|
98,679 |
|
74,019 |
|
|
|
|
|
|
Current assets
|
Debtors |
10,000 |
|
– |
|
|
Cash at bank and in hand |
158,449 |
|
106,348 |
|
|
------------ |
|
------------ |
|
|
168,449 |
|
106,348 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
37,389 |
|
24,170 |
|
|
------------ |
|
------------ |
|
|
Net current assets |
|
131,060 |
|
82,178 |
|
|
------------ |
|
------------ |
|
Total assets less current liabilities |
|
229,739 |
|
156,197 |
|
|
------------ |
|
------------ |
|
Net assets |
|
229,739 |
|
156,197 |
|
|
------------ |
|
------------ |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1 |
|
1 |
|
Profit and loss account |
|
229,738 |
|
156,196 |
|
|
------------ |
|
------------ |
|
Shareholder funds |
|
229,739 |
|
156,197 |
|
|
------------ |
|
------------ |
|
|
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of income and retained earnings has not been delivered.
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the company to obtain an audit of its abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
|
ABRIDGED STATEMENT OF FINANCIAL POSITION (continued) |
|
31 December 2022
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 August 2023
, and are signed on behalf of the board by:
Company registration number:
04508927
|
NOTES TO THE ABRIDGED FINANCIAL STATEMENTS |
|
YEAR ENDED 31 DECEMBER 2022
1.
General Information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2.
Statement of Compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting Policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably without undue cost or effort, the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
4.
Employee Numbers
The average number of persons employed by the company during the year amounted to
1
(2021: Nil).
5.
Tangible Assets
|
£ |
|
Cost |
|
|
At 1 January 2022 and 31 December 2022 |
1,699 |
|
------------ |
|
Depreciation |
|
|
At 1 January 2022 |
680 |
|
Charge for the year |
340 |
|
------------ |
|
At 31 December 2022 |
1,020 |
|
------------ |
|
Carrying amount |
|
|
At 31 December 2022 |
679 |
|
------------ |
|
At 31 December 2021 |
1,019 |
|
------------ |
|
|
6.
Investments
|
£ |
|
Cost |
|
|
At 1 January 2022 |
73,000 |
|
Additions |
25,000 |
|
------------ |
|
At 31 December 2022 |
98,000 |
|
------------ |
|
Impairment |
|
|
At 1 January 2022 and 31 December 2022 |
– |
|
------------ |
|
Carrying amount |
|
|
At 31 December 2022 |
98,000 |
|
------------ |
|
At 31 December 2021 |
73,000 |
|
------------ |
|
|
7.
Director's Advances, Credits and Guarantees
Amounts owed by the directors at the balance sheet date are included in creditors and totalled £2,559 (2021: £12).
