Aysgarth Services Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10528687 (England and Wales)

Unaudited Financial Statements

for the Period

16th December 2016 to 31st December 2017

for

Aysgarth Services Limited

Page

Company information

1

Abridged statement of financial position

2

Notes to the financial statements

4

Directors:

S K Metcalfe

V Metcalfe

Registered office:

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Registered number:

10528687 (England and Wales)

Accountants:

Cooper Paul

Abacus House

14-18 Forest Road

Loughton

Essex

IG10 1DX

Fixed assets

Tangible assets

4

26,156

Current assets

Stocks

2,000

Debtors

5

60,684

Cash at bank

56,508

119,192

Creditors

Amounts falling due within one year

(43,061

)

Net current assets

76,131

Total assets less current liabilities

102,287

Capital and reserves

Called up share capital

100

Retained earnings

102,187

Shareholders' funds

102,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31st December 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 31st December 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.

All the members have consented to the preparation of an abridged Income statement and an abridged Statement of financial position for the period ended 31st December 2017 in accordance with Section 444(2A) of the Companies Act 2006.

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 3rd September 2018 and were signed on its behalf by:

S K Metcalfe - Director

1.	Statutory information

Aysgarth Services 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.

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.

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 each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for

obsolete and slow moving items.

Taxation

Taxation for the period 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the statement of financial position 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 period 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.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The

capital element of the future payments is treated as a liability.

3.	Employees and directors

The average number of employees during the period was 2 .

4.	Tangible fixed assets

Totals

£

Cost

Additions

32,695

At 31st December 2017

32,695

Depreciation

Charge for period

6,539

At 31st December 2017

6,539

Net book value

At 31st December 2017

26,156

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are

as follows:

Totals

£

Cost

Additions

18,975

At 31st December 2017

18,975

Depreciation

Charge for period

3,795

At 31st December 2017

3,795

Net book value

At 31st December 2017

15,180

5.

Debtors: amounts falling due after more than one year

£

Other debtors

17,801