Company Registration No. 02557407 (England and Wales)
Ashby Signs Limited
Unaudited accounts
for the year ended 31 December 2022
Ashby Signs Limited
Unaudited accounts
Contents
Ashby Signs Limited
Company Information
for the year ended 31 December 2022
Directors
Nicholas Horseman
Charles Horseman
Company Number
02557407 (England and Wales)
Registered Office
Unit 1 Hatch Industrial Park
Greywell Road
Basingstoke
Hampshire
RG24 7NG
Accountants
Black & White Chartered Certified Accountants
2-3 Stable Court
Herriard Park
Herriard
Hampshire
RG25 2PL
Ashby Signs Limited
Statement of financial position
as at 31 December 2022
Intangible assets
493,605
482,971
Tangible assets
3,489,239
3,073,785
Inventories
951,796
711,102
Debtors
1,152,073
1,141,485
Cash at bank and in hand
1,138,501
910,105
Creditors: amounts falling due within one year
(4,148,122)
(3,855,065)
Net current liabilities
(905,752)
(1,092,373)
Total assets less current liabilities
3,077,092
2,464,383
Creditors: amounts falling due after more than one year
(536,021)
(831,750)
Provisions for liabilities
Deferred tax
(69,188)
(43,291)
Net assets
2,471,883
1,589,342
Called up share capital
1,000
1,000
Revaluation reserve
300,000
-
Profit and loss account
2,170,883
1,588,342
Shareholders' funds
2,471,883
1,589,342
For the year ending 31 December 2022 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 28 February 2023 and were signed on its behalf by
Charles Horseman
Director
Company Registration No. 02557407
Ashby Signs Limited
Notes to the Accounts
for the year ended 31 December 2022
Ashby Signs Limited is a private company, limited by shares, registered in England and Wales, registration number 02557407. The registered office is Unit 1 Hatch Industrial Park, Greywell Road, Basingstoke, Hampshire, RG24 7NG.
2
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:
Plant & machinery
5 year useful economic life
Motor vehicles
5 year useful economic life
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
At 31 December 2022
682,607
Charge for the year
68,260
At 31 December 2022
189,002
At 31 December 2022
493,605
At 31 December 2021
482,971
Ashby Signs Limited
Notes to the Accounts
for the year ended 31 December 2022
5
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At valuation
At cost
At cost
At 1 January 2022
2,845,942
1,907,889
38,925
4,792,756
Additions
-
150,286
50,993
201,279
Revaluations
300,000
-
-
300,000
At 31 December 2022
3,145,942
2,058,175
89,918
5,294,035
At 1 January 2022
-
1,683,404
35,567
1,718,971
Charge for the year
-
74,954
10,871
85,825
At 31 December 2022
-
1,758,358
46,438
1,804,796
At 31 December 2022
3,145,942
299,817
43,480
3,489,239
At 31 December 2021
2,845,942
224,485
3,358
3,073,785
Amounts falling due within one year
Trade debtors
14,948
21,248
Amounts due from group undertakings etc.
1,095,277
1,094,827
Other debtors
41,848
25,410
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
65,010
65,010
Trade creditors
161,206
223,615
Amounts owed to group undertakings and other participating interests
3,711,266
3,338,685
Taxes and social security
85,581
217,557
Other creditors
39,885
7,001
8
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
536,021
831,750
9
Average number of employees
During the year the average number of employees was 40 (2021: 40).