A & S (1992) Ltd - Filleted accounts

Registered number

04028467

A & S (1992) Ltd

Filleted Accounts

30 April 2018

A & S (1992) Ltd
Registered number:		04028467
Balance Sheet
as at 30 April 2018

Notes			2018			2017
£				£
Fixed assets
Intangible assets	2		76			76
Tangible assets	3		53,921			57,043
Investments	4		588,899			294,204
			642,896			351,323

Current assets
Stocks		17,487			12,975
Debtors	5	140,339			186,083
Cash at bank and in hand		236,553			170,180
		394,379			369,238

Creditors: amounts falling due within one year	6	(144,037)			(80,808)

Net current assets			250,342			288,430

Total assets less current liabilities			893,238			639,753

Creditors: amounts falling due after more than one year	7		(2,335)			(2,079)



Net assets			890,903			637,674

Capital and reserves
Called up share capital			100			100
Share premium			7,023			7,023
Profit and loss account			883,780			630,551

Shareholders' funds			890,903			637,674

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Vinod Davdra
Director
Approved by the board on 21 January 2019

A & S (1992) Ltd
Notes to the Accounts
for the year ended 30 April 2018


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Freehold buildings	over 50 years
	Leasehold land and buildings	over the lease term
	Plant and machinery	over 4 years
	Fixtures, fittings, tools and equipment	over 4 years

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 May 2017					76
	At 30 April 2018					76

	Amortisation
	At 30 April 2018					-

	Net book value
	At 30 April 2018					76
	At 30 April 2017					76

	Goodwill is being written off in equal annual instalments over its estimated economic life of 5 years.


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 May 2017	2,006		132,146		134,152
	Additions	-		10,026		10,026
	Disposals	(1,453)		-		(1,453)
	At 30 April 2018	553		142,172		142,725

	Depreciation
	At 1 May 2017	-		77,109		77,109
	Charge for the year	-		11,695		11,695
	At 30 April 2018	-		88,804		88,804

	Net book value
	At 30 April 2018	553		53,368		53,921
	At 30 April 2017	2,006		55,037		57,043


4	Investments

Other
investments
£
	Cost
	At 1 May 2017					294,204
	Additions					294,695

	At 30 April 2018					588,899


5	Debtors			2018		2017
£					£

	Trade debtors			137,330		180,131
	Other debtors			3,009		5,952
				140,339		186,083


6	Creditors: amounts falling due within one year			2018		2017
£					£

	Trade creditors			11,936		3,623
	Taxation and social security costs			96,796		128,518
	Other creditors			35,305		(51,333)
				144,037		80,808


7	Creditors: amounts falling due after one year			2018		2017
£					£

	Other creditors			2,335		2,079


8	Other information

	A & S (1992) Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	773 Uxbridge Road, Hayes
	Hayes
	United Kingdom
	UB4 8HY