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REGISTERED NUMBER: 09451044 (England and Wales)








UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

ASHTON & DANIELS LIMITED

ASHTON & DANIELS LIMITED (REGISTERED NUMBER: 09451044)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 3


ASHTON & DANIELS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 February 2023







DIRECTOR: Mr S Daniels





REGISTERED OFFICE: 41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX





REGISTERED NUMBER: 09451044 (England and Wales)





ACCOUNTANTS: Mitchell Glanville Limited
41 Rodney Road
Cheltenham
Gloucestershire
GL50 1HX

ASHTON & DANIELS LIMITED (REGISTERED NUMBER: 09451044)

BALANCE SHEET
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 28,477 41,554
28,477 41,554

CURRENT ASSETS
Stocks 28,270 28,270
Debtors 6 13,601 17,493
Cash at bank 20,557 22,736
62,428 68,499
CREDITORS
Amounts falling due within one year 7 83,895 105,678
NET CURRENT LIABILITIES (21,467 ) (37,179 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,010

4,375

PROVISIONS FOR LIABILITIES 5,411 3,067
NET ASSETS 1,599 1,308

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,499 1,208
SHAREHOLDERS' FUNDS 1,599 1,308

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

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.

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 director and authorised for issue on 5 October 2023 and were signed by:




Mr S Daniels - Director


ASHTON & DANIELS LIMITED (REGISTERED NUMBER: 09451044)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 February 2023

1. STATUTORY INFORMATION

Ashton & Daniels Limited is a private company, limited by shares , registered in England and Wales. 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.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 25% on reducing balance
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2022 - 9 ) .

ASHTON & DANIELS LIMITED (REGISTERED NUMBER: 09451044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 February 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 March 2022
and 28 February 2023 100,000
AMORTISATION
At 1 March 2022
and 28 February 2023 100,000
NET BOOK VALUE
At 28 February 2023 -
At 28 February 2022 -

5. TANGIBLE FIXED ASSETS
Improvements Fixtures
to and Motor Computer
property fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 March 2022
and 28 February 2023 46,505 51,683 27,399 3,423 129,010
DEPRECIATION
At 1 March 2022 26,669 47,939 9,704 3,144 87,456
Charge for year 4,959 1,123 6,850 145 13,077
At 28 February 2023 31,628 49,062 16,554 3,289 100,533
NET BOOK VALUE
At 28 February 2023 14,877 2,621 10,845 134 28,477
At 28 February 2022 19,836 3,744 17,695 279 41,554

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 9,264
Other debtors 5,562 -
VAT 2,719 3,112
Prepayments 5,320 5,117
13,601 17,493

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,451 27,410
Tax 15,414 8,951
Social security and other taxes 3,308 3,162
Pensions Payable 545 493
Directors' current accounts 39,468 65,121
Accrued expenses 709 541
83,895 105,678

ASHTON & DANIELS LIMITED (REGISTERED NUMBER: 09451044)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 February 2023

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 18,000 16,000

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2023 and 28 February 2022:

2023 2022
£    £   
Mr D Daniels
Balance outstanding at start of year (29,204 ) (26,972 )
Amounts advanced 10,000 382
Amounts repaid - (2,614 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (19,204 ) (29,204 )

Mr S Daniels
Balance outstanding at start of year (35,917 ) (39,409 )
Amounts advanced 15,653 6,107
Amounts repaid - (2,615 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,264 ) (35,917 )

The business operates from three premises, one of which is owned by Mr S Daniels and his wife. No rent has been charged during the year for the use of this property.

10. ULTIMATE CONTROLLING PARTY

The utlimate controlling party is Mr S Daniels and Mr D Daniels who each own 50% of the voting share capital.