IRIS Accounts Production v23.3.0.418 06696078 Board of Directors 1.2.22 31.1.23 31.1.23 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure066960782022-01-31066960782023-01-31066960782022-02-012023-01-31066960782021-01-31066960782021-02-012022-01-31066960782022-01-3106696078ns16:EnglandWales2022-02-012023-01-3106696078ns15:PoundSterling2022-02-012023-01-3106696078ns11:Director12022-02-012023-01-3106696078ns11:PrivateLimitedCompanyLtd2022-02-012023-01-3106696078ns11:SmallEntities2022-02-012023-01-3106696078ns11:AuditExempt-NoAccountantsReport2022-02-012023-01-3106696078ns11:SmallCompaniesRegimeForDirectorsReport2022-02-012023-01-3106696078ns11:SmallCompaniesRegimeForAccounts2022-02-012023-01-3106696078ns11:FullAccounts2022-02-012023-01-310669607812022-02-012023-01-3106696078ns11:Director22022-02-012023-01-3106696078ns11:RegisteredOffice2022-02-012023-01-3106696078ns6:CurrentFinancialInstruments2023-01-3106696078ns6:CurrentFinancialInstruments2022-01-3106696078ns6:Non-currentFinancialInstruments2023-01-3106696078ns6:Non-currentFinancialInstruments2022-01-3106696078ns6:ShareCapital2023-01-3106696078ns6:ShareCapital2022-01-3106696078ns6:RetainedEarningsAccumulatedLosses2023-01-3106696078ns6:RetainedEarningsAccumulatedLosses2022-01-3106696078ns6:NetGoodwill2022-02-012023-01-3106696078ns6:IntangibleAssetsOtherThanGoodwill2022-02-012023-01-3106696078ns6:LandBuildings2022-02-012023-01-3106696078ns6:PlantMachinery2022-02-012023-01-3106696078ns6:NetGoodwill2022-01-3106696078ns6:NetGoodwill2023-01-3106696078ns6:NetGoodwill2022-01-3106696078ns6:LandBuildings2022-01-3106696078ns6:PlantMachinery2022-01-3106696078ns6:LandBuildings2023-01-3106696078ns6:PlantMachinery2023-01-3106696078ns6:LandBuildings2022-01-3106696078ns6:PlantMachinery2022-01-3106696078ns6:WithinOneYearns6:CurrentFinancialInstruments2023-01-3106696078ns6:WithinOneYearns6:CurrentFinancialInstruments2022-01-31
REGISTERED NUMBER: 06696078 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 January 2023

for

Ashtop Limited

Ashtop Limited (Registered number: 06696078)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ashtop Limited

Company Information
for the Year Ended 31 January 2023







DIRECTORS: D L R Hiscox
L A Hiscox





REGISTERED OFFICE: Top Floor Offices
Hatton Court Hotel
Upton St Leonards
Gloucestershire
GL4 8DE





REGISTERED NUMBER: 06696078 (England and Wales)





ACCOUNTANTS: John S Ward & Co Limited
Chartered Certified Accountants
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP

Ashtop Limited (Registered number: 06696078)

Balance Sheet
31 January 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 152,247 165,103
152,247 165,103

CURRENT ASSETS
Stocks 17,488 14,166
Debtors 6 19,841 10,413
Cash at bank 20,695 40,055
58,024 64,634
CREDITORS
Amounts falling due within one year 7 311,850 228,675
NET CURRENT LIABILITIES (253,826 ) (164,041 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(101,579

)

1,062

CREDITORS
Amounts falling due after more than
one year

8

36,375

127,228
NET LIABILITIES (137,954 ) (126,166 )

Ashtop Limited (Registered number: 06696078)

Balance Sheet - continued
31 January 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (137,956 ) (126,168 )
(137,954 ) (126,166 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 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.

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 24 October 2023 and were signed on its behalf by:





D L R Hiscox - Director


Ashtop Limited (Registered number: 06696078)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Ashtop 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of nil years.

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.
Land and buildings - in accordance with the property
Plant and machinery etc - at variable rates on 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.

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.


Ashtop Limited (Registered number: 06696078)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

2. ACCOUNTING POLICIES - continued
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.

Government grants
£    £   
Coronavirus Job retention scheme - 15,416
Local/Additional Restrictions Support Grant 6,000 39,364
Bounce Back Loan Interest - 996

Grants are credited to profit and loss account under the accruals method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2022
and 31 January 2023 70,000
AMORTISATION
At 1 February 2022
and 31 January 2023 70,000
NET BOOK VALUE
At 31 January 2023 -
At 31 January 2022 -

Ashtop Limited (Registered number: 06696078)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2022 162,243 281,748 443,991
Additions - 15,132 15,132
At 31 January 2023 162,243 296,880 459,123
DEPRECIATION
At 1 February 2022 82,463 196,425 278,888
Charge for year 11,621 16,367 27,988
At 31 January 2023 94,084 212,792 306,876
NET BOOK VALUE
At 31 January 2023 68,159 84,088 152,247
At 31 January 2022 79,780 85,323 165,103

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,027 555
Other debtors 16,814 9,858
19,841 10,413

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,750 5,520
Trade creditors 45,991 28,151
Taxation and social security 55,083 3,693
Other creditors 205,026 191,311
311,850 228,675

Ashtop Limited (Registered number: 06696078)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Bank loans 36,375 42,165
Other creditors - 85,063
36,375 127,228

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Other Loans - 106,662

Secured Loan is secured by a Fixed and Floating Charge over the assets of the Company.

10. RELATED PARTY DISCLOSURES

At 31st January 2023 the Company owed £ 184,884 (2022 £258,716) to a related party company.

11. ULTIMATE CONTROLLING PARTY

The controlling party is Mrs VEA Hiscox.