ASTRA_LIMITED - Accounts

ASTRA LIMITED - Company Information

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Company Registration No. 02855337 (England and Wales)

ASTRA LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

Faulkner House

Victoria Street

Rayner Essex LLP

St Albans

Chartered Accountants

Herts

AL1 3SE

ASTRA LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ASTRA LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 DECEMBER 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

3,114

1,243

Current assets

Stocks

135,701

111,141

Debtors

50,531

41,530

Cash at bank and in hand

149,281

88,742

335,513

241,413

Creditors: amounts falling due within one year

(324,754)

(197,256)

Net current assets

10,759

44,157

Total assets less current liabilities

13,873

45,400

Capital and reserves

Called up share capital

100

Profit and loss account

13,773

45,300

Shareholders' funds

13,873

45,400

For the financial year ended 31 December 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 27 April 2016

Mr D H Gordon

Director

Company Registration No. 02855337

ASTRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2015

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Computer equipment

33.33% straight line

Fixtures & fittings

33.33% straight line

1.5

Deferred taxation

Deferred taxation is provided at appropriate rates on all timing differences using the liability method only to the extent that, in the opinion of the directors, there is a reasonable probability that a liability or asset will crystallise in the foreseeable future.

1.6

Foreign currency translation

Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. All differences are taken to profit and loss account.

ASTRA LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2015

- 3 -

Fixed assets

Tangible assets

Cost

At 1 January 2015

130,178

Additions

3,894

At 31 December 2015

134,072

Depreciation

At 1 January 2015

128,935

Charge for the year

2,023

At 31 December 2015

130,958

Net book value

At 31 December 2015

3,114

At 31 December 2014

1,243

Creditors: amounts falling due within one year

The bank overdraft is secured by a fixed and floating charge over the undertaking and all property and assets present and future, including goodwill, book debts, uncalled capital, buildings, fixtures, fixed plant and machinery.

Share capital

2015

2014

Allotted, called up and fully paid

60 Ordinary A shares of £1 each

40 Ordinary B shares of £1 each

100

Related party relationships and transactions

Other transactions

Included in other creditors is a loan from the director Mr D H Gordon amounting to £100,000 (2014: £50,000). No interest is payable by the company on this outstanding balance.