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REGISTERED NUMBER: 13115637 (England and Wales)












Ashley Streather Horology Ltd

Unaudited Financial Statements

for the Year Ended 28 February 2023






Ashley Streather Horology Ltd (Registered number: 13115637)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 5


Ashley Streather Horology Ltd

Company Information
for the Year Ended 28 February 2023







DIRECTOR: R A Streather





REGISTERED OFFICE: Chalfont Clocks
Chalfont Station Road
Amersham
Buckinghamshire
HP7 9PN





REGISTERED NUMBER: 13115637 (England and Wales)





ACCOUNTANTS: Clarkson Cleaver & Bowes Ltd
8a Wingbury Courtyard
Business Village
Wingrave
Buckinghamshire
HP22 4LW

Ashley Streather Horology Ltd (Registered number: 13115637)

Balance Sheet
28 February 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,496 6,567

CURRENT ASSETS
Stocks 133,887 104,880
Debtors 5 2,317 6,016
Cash at bank and in hand 17,233 7,318
153,437 118,214
CREDITORS
Amounts falling due within one
year

6

149,656

108,925
NET CURRENT ASSETS 3,781 9,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,277

15,856

PROVISIONS FOR LIABILITIES 7 854 1,248
NET ASSETS 7,423 14,608

CAPITAL AND RESERVES
Called up share capital 10 10
Retained earnings 7,413 14,598
SHAREHOLDERS' FUNDS 7,423 14,608

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.

Ashley Streather Horology Ltd (Registered number: 13115637)

Balance Sheet - continued
28 February 2023


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 21 November 2023 and were signed by:





R A Streather - Director


Ashley Streather Horology Ltd (Registered number: 13115637)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Ashley Streather Horology 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 - 25% reducing balance
Computer equipment - 33.33% straight line

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

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.

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 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 and that are expected to apply to the reversal of the timing difference.

Current or deferred taxation liabilities are not discounted.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

Ashley Streather Horology Ltd (Registered number: 13115637)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 March 2022
and 28 February 2023 6,469 2,572 9,041
DEPRECIATION
At 1 March 2022 1,617 857 2,474
Charge for year 1,213 858 2,071
At 28 February 2023 2,830 1,715 4,545
NET BOOK VALUE
At 28 February 2023 3,639 857 4,496
At 28 February 2022 4,852 1,715 6,567

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,530 6,016
Other debtors 787 -
2,317 6,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 16,741 12,052
Other creditors 132,915 96,873
149,656 108,925

Included in other creditors is £119,014 (2022: £87,430) owed to the director. The director does not intend to withdraw these funds unless he can do so without detriment to the finances of the company.

7. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 854 1,248

Deferred
tax
£   
Balance at 1 March 2022 1,248
Provided during year (394 )
Balance at 28 February 2023 854