Austonley Developments Limited - Accounts to registrar (filleted) - small 23.2.5
Austonley Developments Limited - Accounts to registrar (filleted) - small 23.2.5
| REGISTERED NUMBER: |
| AUSTONLEY DEVELOPMENTS LIMITED |
| UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023 |
| AUSTONLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04118450) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2023 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| AUSTONLEY DEVELOPMENTS LIMITED |
| COMPANY INFORMATION |
| for the year ended 31 August 2023 |
| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| Vernon House |
| 40 New North Road |
| Huddersfield |
| West Yorkshire |
| HD1 5LS |
| AUSTONLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04118450) |
| BALANCE SHEET |
| 31 August 2023 |
| 2023 | 2022 |
| Notes | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 | ( |
) | ( |
) |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
6 |
( |
) |
( |
) |
| NET LIABILITIES | ( |
) | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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. |
| AUSTONLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04118450) |
| BALANCE SHEET - continued |
| 31 August 2023 |
| 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 |
| AUSTONLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04118450) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 August 2023 |
| 1. | STATUTORY INFORMATION |
| Austonley Developments Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The director and shareholder have indicated their willingness to support the company, hence the company continues to adopt the going concern basis of preparing the financial statements. |
| 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 |
| Plant and machinery | - |
| Financial instruments |
| Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. |
| Basic financial assets, which include cash and bank balances, are initially measured at transaction price including transaction costs. |
| Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss. |
| Financial liabilities are classified depending on the substance of the contractual arrangements entered into. |
| Basic financial liabilities, including other creditors, bank loans, finance leases, and accruals, are initially recognised at transaction price. |
| Debt instruments are subsequently measured at amortised cost using the effective interest method. |
| Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire. |
| AUSTONLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04118450) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2023 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was NIL (2022 - NIL). |
| 4. | TANGIBLE FIXED ASSETS |
| Long | Plant and |
| leasehold | machinery | Totals |
| £ | £ | £ |
| COST |
| At 1 September 2022 |
| Disposals | ( |
) | ( |
) |
| At 31 August 2023 |
| DEPRECIATION |
| At 1 September 2022 |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 August 2023 |
| NET BOOK VALUE |
| At 31 August 2023 |
| At 31 August 2022 |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans and overdrafts |
| Taxation and social security |
| Other creditors |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| AUSTONLEY DEVELOPMENTS LIMITED (REGISTERED NUMBER: 04118450) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 August 2023 |
| 6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
| 2023 | 2022 |
| £ | £ |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans more 5 yr by instal | 21,147 | 27,436 |
| 7. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2023 | 2022 |
| £ | £ |
| Bank loans |
| The bounce back loan is secured against government initiatives. |
| Other loans are secured with floating charges against the assets of the company and property. |
| 8. | RELATED PARTY DISCLOSURES |
| Loans owing to the directors on an interest free basis of £188,189 (2022: £161,788) were outstanding at the year end. Loans will be repaid when funds permit. |