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REGISTERED NUMBER: 11144704 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2023

FOR

ALSTON ASSET MANAGEMENT LTD

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ALSTON ASSET MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: D H Alston





REGISTERED OFFICE: 3 Manor Road
Colchester
United Kingdom
CO3 3LU





REGISTERED NUMBER: 11144704 (England and Wales)





ACCOUNTANTS: Richard Sexton & Co LLP
3 Manor Road
Colchester
Essex
CO3 3LU

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,329 165,097

CURRENT ASSETS
Stocks 5 5,000 -
Debtors 6 3,853 7,010
Cash at bank 37,632 7,297
46,485 14,307
CREDITORS
Amounts falling due within one year 7 184,727 156,979
NET CURRENT LIABILITIES (138,242 ) (142,672 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

25,087

22,425

PROVISIONS FOR LIABILITIES 5,350 5,125
NET ASSETS 19,737 17,300

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 19,637 17,200
19,737 17,300

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 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 24 October 2023 and were signed by:



D H Alston - Director


ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Alston Asset Management Ltd 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Motor vehicles - 20% on reducing balance
Computer equipment - 20% on reducing balance

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.

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 February 2022 59,861 205,041 4,542 269,444
Additions 6,976 86,596 1,289 94,861
Disposals (389 ) (77,430 ) - (77,819 )
At 31 January 2023 66,448 214,207 5,831 286,486
DEPRECIATION
At 1 February 2022 17,901 85,166 1,280 104,347
Charge for year 7,310 29,567 910 37,787
Eliminated on disposal (187 ) (18,790 ) - (18,977 )
At 31 January 2023 25,024 95,943 2,190 123,157
NET BOOK VALUE
At 31 January 2023 41,424 118,264 3,641 163,329
At 31 January 2022 41,960 119,875 3,262 165,097

5. STOCKS
2023 2022
£    £   
Work-in-progress 5,000 -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,766 1,766
Other debtors - 1,627
Prepayments and accrued income 2,087 3,617
3,853 7,010

ALSTON ASSET MANAGEMENT LTD (REGISTERED NUMBER: 11144704)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 31,063 -
Social security and other taxes 1,342 -
Directors loan account 144,714 150,236
Accrued expenses 7,608 6,743
184,727 156,979

8. ULTIMATE CONTROLLING PARTY

The company is under the control of Mr D H Alston who owns 100% of the issued share capital.