AS 2019 Limited - Accounts to registrar (filleted) - small 18.2
AS 2019 Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| AS 2019 LIMITED |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 JUNE 2019 TO 31 JULY 2020 |
| AS 2019 LIMITED (REGISTERED NUMBER: 12074828) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 JUNE 2019 TO 31 JULY 2020 |
| Page |
| Company Information | 1 |
| Statement of Financial Position | 2 |
| Notes to the Financial Statements | 3 |
| AS 2019 LIMITED |
| COMPANY INFORMATION |
| FOR THE PERIOD 28 JUNE 2019 TO 31 JULY 2020 |
| DIRECTOR: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| The Exchange |
| 5 Bank Street |
| Bury |
| BL9 0DN |
| AS 2019 LIMITED (REGISTERED NUMBER: 12074828) |
| STATEMENT OF FINANCIAL POSITION |
| 31 JULY 2020 |
| Notes | £ |
| FIXED ASSETS |
| Investments | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 | ( |
) |
| NET CURRENT LIABILITIES | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| The director acknowledges his 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director and authorised for issue on |
| AS 2019 LIMITED (REGISTERED NUMBER: 12074828) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD 28 JUNE 2019 TO 31 JULY 2020 |
| 1. | STATUTORY INFORMATION |
| AS 2019 Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 12074828 and the registered office address is The Exchange, 5 Bank Street, Bury, United Kingdom, BL9 0DN. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The director has considered the impact of the global Covid-19 pandemic on the company and recognises that the future cannot be predicted with certainty. However, the company has been able to continue trading by ensuring the appropriate government guidelines are in place. Should demand for the company's services fall, the company would introduce cost control measures. The director believes that the company is well placed to manage the risks at these challenging times and therefore continues to adopt a going concern basis of accounting in preparing these financial statements. |
| Significant judgements and estimates |
| There are currently no significant judgements and estimates applied by the director which are considered key to the preparation of the financial statements. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the income statement. |
| Basic financial liabilities are initially measured at transaction price and subsequently measured at amortised cost, being the transaction price less any amounts settled |
| 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. |
| AS 2019 LIMITED (REGISTERED NUMBER: 12074828) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE PERIOD 28 JUNE 2019 TO 31 JULY 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Fixed asset investments |
| Fixed asset investments are recognised at cost less any permanent diminution in value. |
| Income from fixed asset investments |
| Income from fixed asset investments is received in the form of dividends and is credited to the income statement when received. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the period was |
| 4. | FIXED ASSET INVESTMENTS |
| Interest |
| in joint |
| venture |
| £ |
| COST |
| Additions |
| At 31 July 2020 |
| NET BOOK VALUE |
| At 31 July 2020 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Amounts owed by related parties |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| £ |
| Trade creditors |
| Amounts owed to related parties |
| Taxation and social security |
| Other creditors |