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REGISTERED NUMBER: 03196656















FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2020

FOR

A-SPAN LIMITED

A-SPAN LIMITED (REGISTERED NUMBER: 03196656)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2020










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A-SPAN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2020







DIRECTORS: R B Billings
A T Evans





SECRETARY: A T Evans





REGISTERED OFFICE: 9 Lady's Lane
Northampton
NN1 3AH





REGISTERED NUMBER: 03196656





ACCOUNTANTS: Novakovic & Co
27 St. Cuthberts Street
Bedford
Bedfordshire
MK40 3JG

A-SPAN LIMITED (REGISTERED NUMBER: 03196656)

BALANCE SHEET
31 MAY 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 61,390 66,632
Investments 5 427,680 407,880
489,070 474,512

CURRENT ASSETS
Stocks 45,008 451,163
Debtors 6 580,004 837,779
Cash at bank and in hand 695,457 115,035
1,320,469 1,403,977
CREDITORS
Amounts falling due within one year 7 600,873 687,691
NET CURRENT ASSETS 719,596 716,286
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,208,666

1,190,798

PROVISIONS FOR LIABILITIES 6,736 6,736
NET ASSETS 1,201,930 1,184,062

CAPITAL AND RESERVES
Called up share capital 1,002 1,002
Retained earnings 1,200,928 1,183,060
SHAREHOLDERS' FUNDS 1,201,930 1,184,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2020 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A-SPAN LIMITED (REGISTERED NUMBER: 03196656)

BALANCE SHEET - continued
31 MAY 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 January 2021 and were signed on its behalf by:




R B Billings - Director



A T Evans - Director


A-SPAN LIMITED (REGISTERED NUMBER: 03196656)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2020


1. STATUTORY INFORMATION

A-Span Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance and 10% on cost
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2019 - 10 ) .

A-SPAN LIMITED (REGISTERED NUMBER: 03196656)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2020


4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 June 2019 165,064 33,555 198,619
Additions 15,685 - 15,685
At 31 May 2020 180,749 33,555 214,304
DEPRECIATION
At 1 June 2019 102,772 29,215 131,987
Charge for year 19,494 1,433 20,927
At 31 May 2020 122,266 30,648 152,914
NET BOOK VALUE
At 31 May 2020 58,483 2,907 61,390
At 31 May 2019 62,292 4,340 66,632

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2020 2019
£    £   
Vintage cars 407,880 407,880
Vintage cars additions 19,800 -
427,680 407,880

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade debtors 440,852 733,627
Other debtors 139,152 104,152
580,004 837,779

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£    £   
Trade creditors 259,938 404,770
Taxation and social security 328,940 276,317
Other creditors 11,995 6,604
600,873 687,691