A&S (1992) Ltd - Filleted accounts

Registered number

04028467

A&S (1992) Ltd

Filleted Accounts

30 April 2017

A&S (1992) Ltd
Registered number:		04028467
Balance Sheet
as at 30 April 2017

Notes			2017			2016
£				£
Fixed assets
Intangible assets	2		76			76
Tangible assets	3		57,043			65,847
Investments	4		294,204			-
			351,323			65,923

Current assets
Stocks		12,975			20,454
Debtors	5	186,083			218,491
Cash at bank and in hand		170,180			350,972
		369,238			589,917

Creditors: amounts falling due within one year	6	(80,808)			(215,159)

Net current assets			288,430			374,758

Total assets less current liabilities			639,753			440,681

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



Net assets			637,674			440,681

Capital and reserves
Called up share capital			100			100
Share premium			7,023			7,023
Profit and loss account			630,551			433,558

Shareholders' funds			637,674			440,681

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.




Mr Vinod Davdra
Director
Approved by the board on 26 January 2018

A&S (1992) Ltd
Notes to the Accounts
for the year ended 30 April 2017


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
	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 2016					76
	At 30 April 2017					76

	Amortisation
	At 30 April 2017					-

	Net book value
	At 30 April 2017					76
	At 30 April 2016					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 2016	553		130,205		130,758
	Additions	1,453		2,524		3,977
	Disposals	-		(583)		(583)
	At 30 April 2017	2,006		132,146		134,152

	Depreciation
	At 1 May 2016	-		64,911		64,911
	Charge for the year	-		12,303		12,303
	On disposals	-		(105)		(105)
	At 30 April 2017	-		77,109		77,109

	Net book value
	At 30 April 2017	2,006		55,037		57,043
	At 30 April 2016	553		65,294		65,847


4	Investments

Other
investments
£
	Cost
	Additions					294,204

	At 30 April 2017					294,204


5	Debtors			2017		2016
£					£

	Trade debtors			180,131		212,790
	Other debtors			5,952		5,701
				186,083		218,491


6	Creditors: amounts falling due within one year			2017		2016
£					£

	Trade creditors			3,623		8,043
	Taxation and social security costs			128,518		71,311
	Other creditors			(51,333)		135,805
				80,808		215,159


7	Creditors: amounts falling due after one year			2017		2016
£					£

	Other creditors			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
	Middlesex
	UB4 8HY