Company Registration No. 05683296 (England and Wales)
A & S RENTALS & DEVELOPMENTS LIMITED
Unaudited accounts
for the year ended 31 January 2023
A & S RENTALS & DEVELOPMENTS LIMITED
Unaudited accounts
Contents
A & S RENTALS & DEVELOPMENTS LIMITED
Company Information
for the year ended 31 January 2023
Directors
Steffen Norris
Alina Condurache
Company Number
05683296 (England and Wales)
Registered Office
THE LODGE 163 BARTON ROAD
BARTON SEAGRAVE
KETTERING
NORTHAMPTONSHIRE
NN15 6RU
A & S RENTALS & DEVELOPMENTS LIMITED
Statement of financial position
as at 31 January 2023
Tangible assets
1,824,986
1,225,717
Cash at bank and in hand
5,803
27,369
Creditors: amounts falling due within one year
(424,551)
(442,812)
Net current liabilities
(400,957)
(415,443)
Total assets less current liabilities
1,424,029
810,274
Creditors: amounts falling due after more than one year
(1,396,369)
(799,267)
Called up share capital
100
100
Profit and loss account
27,560
10,907
Shareholders' funds
27,660
11,007
For the year ending 31 January 2023 the company was entitled to exemption from audit 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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 7 September 2023 and were signed on its behalf by
Steffen Norris
Director
Company Registration No. 05683296
A & S RENTALS & DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 January 2023
A & S RENTALS & DEVELOPMENTS LIMITED is a private company, limited by shares, registered in England and Wales, registration number 05683296. The registered office is THE LODGE 163 BARTON ROAD, BARTON SEAGRAVE, KETTERING, NORTHAMPTONSHIRE, NN15 6RU.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 February 2022
1,211,213
-
24,176
-
1,235,389
Additions
600,000
3,700
-
1,431
605,131
At 31 January 2023
1,811,213
3,700
24,176
1,431
1,840,520
At 1 February 2022
-
-
9,672
-
9,672
Charge for the year
-
740
4,836
286
5,862
At 31 January 2023
-
740
14,508
286
15,534
At 31 January 2023
1,811,213
2,960
9,668
1,145
1,824,986
At 31 January 2022
1,211,213
-
14,504
-
1,225,717
Amounts falling due within one year
Amounts falling due after more than one year
A & S RENTALS & DEVELOPMENTS LIMITED
Notes to the Accounts
for the year ended 31 January 2023
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Creditors: amounts falling due within one year
2023
2022
Trade creditors
424,551
442,098
Trade and other debtors are initially recognised at the transaction price and thereafter stated at amortised cost using effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the debtors are stated at cost less impairment losses for bad and doubtful debts.
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Creditors: amounts falling due after more than one year
2023
2022
Bank loans
797,970
197,970
Loans from directors
598,399
591,399
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Transactions with related parties
At the balance sheet date, included in other creditors, was the amount of £598,398.91 (2022: £591,398.91), owing to Mr Steffen Norris, director of the company.
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Average number of employees
During the year the average number of employees was 2 (2022: 2).