Micro-entity Accounts - ASTEC (SOUTH WEST) LIMITED

ASTEC (SOUTH WEST) LIMITED Registered Number 04550231

	2017	2016
	£	£
Fixed Assets	322,061	322,061
Current Assets	32,985	7,191
Prepayments and accrued income	983	-
Creditors: amounts falling due within one year	(170,508)	(131,750)
Net current assets (liabilities)	(136,540)	(124,559)
Total assets less current liabilities	185,521	197,502
Creditors: amounts falling due after more than one year	(143,333)	(165,015)
Accruals and deferred income	(66,315)	(66,279)
Total net assets (liabilities)	(24,127)	(33,792)
Capital and reserves	(24,127)	(33,792)

For the year ending 31 October 2017 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 30 July 2018

And signed on their behalf by:
Mr D K Bennetton, Director

Footnotes:

Guarantees
Going Concern
The company has negative current liabilities. The company is therefore reliant upon the continued financial support of its directors in order to continue operations. The directors have indicated their willingness to provide financial support to ensure that the company has sufficient resources to meet third parties debts as they fall due. Accordingly the accounts have been prepared on a going concern basis.

If the support of the directors were withdrawn, then the going concern basis may not be acceptable. Adjustments may then have to be made to adjust the value of the assets to their recoverable amounts, to provide for any further liabilities that might arise, and to reclassify fixed assets and long term loans as current assets and current liabilities.