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REGISTERED NUMBER: 06162976 (England and Wales)




















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

ASHTON BULK LIMITED

ASHTON BULK LIMITED (REGISTERED NUMBER: 06162976)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHTON BULK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2022







DIRECTOR: J M Dudman





SECRETARY: Miss A C Garrett





REGISTERED OFFICE: 9-13 High Street
Wells
Somerset
BA5 2AA





REGISTERED NUMBER: 06162976 (England and Wales)





ACCOUNTANTS: Simmons Accountants Limited
Chartered Certified Accountants
13 High Street
Wells
Somerset
BA5 2AA

ASHTON BULK LIMITED (REGISTERED NUMBER: 06162976)

BALANCE SHEET
31 DECEMBER 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,229 14,994

CURRENT ASSETS
Debtors 5 1,381,130 1,295,922
Cash at bank and in hand 118,009 55,990
1,499,139 1,351,912
CREDITORS
Amounts falling due within one year 6 767,997 705,189
NET CURRENT ASSETS 731,142 646,723
TOTAL ASSETS LESS CURRENT
LIABILITIES

742,371

661,717

CREDITORS
Amounts falling due after more than one
year

7

(32,500

)

-

PROVISIONS FOR LIABILITIES (1,809 ) (3,450 )
NET ASSETS 708,062 658,267

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 8 707,962 658,167
SHAREHOLDERS' FUNDS 708,062 658,267

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

ASHTON BULK LIMITED (REGISTERED NUMBER: 06162976)

BALANCE SHEET - continued
31 DECEMBER 2022


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 19 October 2023 and were signed by:





J M Dudman - Director


ASHTON BULK LIMITED (REGISTERED NUMBER: 06162976)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1. STATUTORY INFORMATION

Ashton Bulk 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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 5 (2021 - 5 ) .

ASHTON BULK LIMITED (REGISTERED NUMBER: 06162976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022
and 31 December 2022 17,056 73,666 90,722
DEPRECIATION
At 1 January 2022 16,150 59,578 75,728
Charge for year 227 3,538 3,765
At 31 December 2022 16,377 63,116 79,493
NET BOOK VALUE
At 31 December 2022 679 10,550 11,229
At 31 December 2021 906 14,088 14,994

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 1,340,369 1,276,229
Other debtors 27,843 13,063
VAT 12,918 6,630
1,381,130 1,295,922

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 10,000 -
Other loans 620,000 540,000
Social security and other taxes 6,874 2,943
Other creditors 3,617 2,406
Pension 1,407 1,450
Provisions for warranties and liabilities 120,000 120,000
Directors' current accounts 3,374 3,535
Accrued expenses 2,725 34,855
767,997 705,189

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans - 1-2 years 10,000 -
Bank loans - 2-5 years 22,500 -
32,500 -

ASHTON BULK LIMITED (REGISTERED NUMBER: 06162976)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2022

8. RESERVES
Retained
earnings
£   

At 1 January 2022 658,167
Profit for the year 49,795
At 31 December 2022 707,962