ASTLEY HIABS LTD - Accounts to registrar (filleted) - small 17.3

REGISTERED NUMBER: 06623928 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2017

for

Astley Hiabs Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Certified Accountants' Report

7

DIRECTORS:

T E Hill

T E Platt

SECRETARY:

REGISTERED OFFICE:

Victoria Sawmills

Highfield Road

Little Hulton

Greater Manchester

M38 9ST

REGISTERED NUMBER:

06623928 (England and Wales)

ACCOUNTANTS:

C J Roberts & Partners Limited

160 Elliott Street

Tyldesley

Lancashire

M29 8DS

FIXED ASSETS

Tangible assets

4

264,158

157,223

CURRENT ASSETS

Debtors

5

376,305

371,969

Cash at bank

7,675

-

383,980

371,969

CREDITORS

Amounts falling due within one year

6

281,176

260,882

NET CURRENT ASSETS

102,804

111,087

TOTAL ASSETS LESS CURRENT LIABILITIES

366,962

268,310

CREDITORS

Amounts falling due after more than one year

7

(157,130

)

(59,384

)

PROVISIONS FOR LIABILITIES

(16,522

)

(17,210

)

NET ASSETS

193,310

191,716

CAPITAL AND RESERVES

Called up share capital

90

90

Retained earnings

193,220

191,626

SHAREHOLDERS' FUNDS

193,310

191,716

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2017 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 February 2018 and were signed on its behalf by:

T E Hill - Director

T E Platt - Director

1.	STATUTORY INFORMATION

Astley Hiabs Ltd 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Related party exemption

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.

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 the cost less estimated residual value of each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 July 2016

297,388

Additions

193,725

At 30 June 2017

491,113

DEPRECIATION

At 1 July 2016

140,165

Charge for year

86,790

At 30 June 2017

226,955

NET BOOK VALUE

At 30 June 2017

264,158

At 30 June 2016

157,223

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Trade debtors

251,478

247,142

Other debtors

124,827

124,827

376,305

371,969

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans and overdrafts

70,797

35,512

Trade creditors

108,696

99,412

Taxation and social security

63,155

67,930

Other creditors

38,528

58,028

281,176

260,882

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.17

30.6.16

£

£

Bank loans

157,130

59,384

8.	SECURED DEBTS

The following secured debts are included within creditors:

30.6.17

30.6.16

£

£

Bank overdraft

-

2,000

Bank loans

227,927

92,896

227,927

94,896

The bank loan and overdraft are secured

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 June 2017 and 30 June 2016:

30.6.17

30.6.16

£

£

T E Hill

Balance outstanding at start of year

(54,450

)

(69,350

)

Amounts advanced

19,600

14,900

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(34,850

)

(54,450

)

T E Platt

Balance outstanding at start of year

(1,778

)

(2,278

)

Amounts advanced

-

500

Amounts repaid

-

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(1,778

)

(1,778

)

10.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is T E Hill.

The following reproduces the text of the report prepared for the directors in respect of the company's annual

unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file

a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of Astley Hiabs Ltd for the year ended 30 June 2017 which comprise the Income Statement, Balance

Sheet 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 http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Astley Hiabs Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Astley Hiabs Ltd and state those matters that we have agreed to state to the Board of Directors of Astley Hiabs Ltd, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Astley Hiabs Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Astley Hiabs Ltd. You consider that Astley Hiabs Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Astley Hiabs Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

C J Roberts & Partners Limited

160 Elliott Street

Tyldesley

Lancashire

M29 8DS

26 February 2018