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Registered Number: 13082468


 

 

 


Abridged Accounts

for the period ended 31 December 2021

for

ASCENSION FOODS LIMITED

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ascension Foods Limited for the period ended 31 December 2021 which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity, the Statement of Cash Flows and related notes from the companys accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at http://icaew.com/regulations. This report is made solely to the Board of Directors of Ascension Foods Limited, as a body, in accordance with the terms of our engagement letter dated 26 January 2021. Our work has been undertaken solely to prepare for your approval the financial statements of Ascension Foods Limited and state those matters that we have agreed to state to the Board of Directors of Ascension Foods Limited, as a body, in this report in accordance with AAF 2/10 as detailed at http://icaew.com/compilation.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ascension Foods Limited and its Board of Directors as a body, for our work or for this report.
It is your duty to ensure that Ascension Foods Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ascension Foods Limited. You consider that Ascension Foods Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Ascension Foods Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.



....................................................
KWSR & CO LTD
136 Merton High Street
London
SW19 1BA
13 September 2022
1
 
 
Notes
 
2021
£
Fixed assets    
Tangible fixed assets 1,923 
1,923 
Current assets    
Stocks 1,768 
Cash at bank and in hand 5,548 
7,316 
Creditors: amount falling due within one year (4,748)
Net current assets 2,568 
 
Total assets less current liabilities 4,491 
Net assets 4,491 
 

Capital and reserves
   
Called up share capital 100 
Profit and loss account 4,391 
Shareholder's funds 4,491 
 


For the period ended 31 December 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476.
  2. 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.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 13 September 2022 and were signed by:


--------------------------------
Aminur Rahman
Director
2
General Information
ASCENSION FOODS LIMITED is a private company, limited by shares, registered in , registration number 13082468, registration address 108 Bournemouth Road, Poole, , BH14 9HY

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Provisions
Provisions are recognised when the company has a present obligation as a result of a past event which it is more probable than not will result in an outflow of economic benefits that can be reasonably estimated.
2.

Average number of employees

Average number of employees during the period was 6.
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Total
  £   £
At 15 December 2020  
Additions 1,923    1,923 
Disposals  
At 31 December 2021 1,923    1,923 
Depreciation
At 15 December 2020  
Charge for period  
On disposals  
At 31 December 2021  
Net book values
Closing balance as at 31 December 2021 1,923    1,923 
Opening balance as at 15 December 2020  


3