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Company Registration No. SC617409 (Scotland)
Ascot Management Services Ltd Unaudited accounts for the year ended 31 January 2023
Ascot Management Services Ltd Unaudited accounts Contents
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Ascot Management Services Ltd Company Information for the year ended 31 January 2023
Director
Andrew Robertson
Company Number
SC617409 (Scotland)
Registered Office
3/1 , 1 ASCOT GATE ASCOT GATE GLASGOW LANARKSHIRE G12 0AP UNITED KINGDOM
Accountants
McKinnon & Co Ltd ACPA 33 Newmarket Street Ayr Ayrshire KA7 1LL
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Ascot Management Services Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
27,236 
34,045 
Current assets
Debtors
84,649 
90,336 
Cash at bank and in hand
39,951 
65,104 
124,600 
155,440 
Creditors: amounts falling due within one year
(131,260)
(133,076)
Net current (liabilities)/assets
(6,660)
22,364 
Total assets less current liabilities
20,576 
56,409 
Creditors: amounts falling due after more than one year
(20,524)
(27,654)
Net assets
52 
28,755 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
51 
28,754 
Shareholders' funds
52 
28,755 
For the year ending 31 January 2023 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 director acknowledges his 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 and authorised for issue on 16 October 2023 and were signed on its behalf by
Andrew Robertson Director Company Registration No. SC617409
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Ascot Management Services Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Ascot Management Services Ltd is a private company, limited by shares, registered in Scotland, registration number SC617409. The registered office is 3/1 , 1 ASCOT GATE, ASCOT GATE, GLASGOW, LANARKSHIRE, G12 0AP, UNITED KINGDOM.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Motor vehicles
20% Reducing
4
Tangible fixed assets
Motor vehicles 
£ 
Cost or valuation
At cost 
At 1 February 2022
43,736 
At 31 January 2023
43,736 
Depreciation
At 1 February 2022
9,691 
Charge for the year
6,809 
At 31 January 2023
16,500 
Net book value
At 31 January 2023
27,236 
At 31 January 2022
34,045 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
80,698 
86,385 
Other debtors
3,951 
3,951 
84,649 
90,336 
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Ascot Management Services Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
3,691 
13,013 
Trade creditors
161,927 
87,465 
Taxes and social security
105 
3,845 
Other creditors
14,941 
28,239 
Loans from directors
(49,404)
514 
131,260 
133,076 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
20,524 
27,654 
8
Average number of employees
During the year the average number of employees was 4 (2022: 4).
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