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REGISTERED NUMBER: 03831307 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2023

FOR

ASHDOWN GROUP LIMITED

ASHDOWN GROUP LIMITED (REGISTERED NUMBER: 03831307)

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










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHDOWN GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: D Lynes
J Lynes





SECRETARIES: P Souza-Lynes
R J Lynes





REGISTERED OFFICE: Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL





REGISTERED NUMBER: 03831307 (England and Wales)





ACCOUNTANTS: RJP LLP
Ground Floor
Egerton House
68 Baker Street
Weybridge
Surrey
KT13 8AL

ASHDOWN GROUP LIMITED (REGISTERED NUMBER: 03831307)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 5,429 11,166
Tangible assets 5 6,180 8,684
Investments 6 2 2
11,611 19,852

CURRENT ASSETS
Debtors 7 677,426 869,561
Cash at bank 954,967 794,087
1,632,393 1,663,648
CREDITORS
Amounts falling due within one year 8 751,193 966,491
NET CURRENT ASSETS 881,200 697,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

892,811

717,009

CREDITORS
Amounts falling due after more than one
year

9

(20,834

)

(30,833

)

PROVISIONS FOR LIABILITIES 11 (1,545 ) (1,650 )
NET ASSETS 870,432 684,526

CAPITAL AND RESERVES
Called up share capital 12 2 2
Retained earnings 870,430 684,524
SHAREHOLDERS' FUNDS 870,432 684,526

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

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

ASHDOWN GROUP LIMITED (REGISTERED NUMBER: 03831307)

BALANCE SHEET - continued
31 AUGUST 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 Board of Directors and authorised for issue on 7 February 2024 and were signed on its behalf by:





J Lynes - Director


ASHDOWN GROUP LIMITED (REGISTERED NUMBER: 03831307)

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


1. STATUTORY INFORMATION

Ashdown Group 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.

Preparation of consolidated financial statements
The financial statements contain information about Ashdown Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding Value Added Tax.

Revenue is recognised in the period the services are provided.

Intangible assets
Intangible assets are initially measure at cost. After initial recognition, intangible assets are measure at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software and patents and licences are amortised evenly over their estimated useful life of five years.

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 etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

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.

ASHDOWN GROUP LIMITED (REGISTERED NUMBER: 03831307)

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


2. ACCOUNTING POLICIES - continued

Invoice discounting
The company uses an invoice discount facility and retains all significant benefits and risks relating to the debts. The gross amount of the debts are included within assets and a corresponding liability in respect of proceeds received from the facility are shown within liabilities. The interest and charges are recognised as they accrue and are included in the profit and loss account with other interest charges.

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2022 - 31 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 September 2022
and 31 August 2023 28,687
AMORTISATION
At 1 September 2022 17,521
Charge for year 5,737
At 31 August 2023 23,258
NET BOOK VALUE
At 31 August 2023 5,429
At 31 August 2022 11,166

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2022 45,365
Additions 3,018
At 31 August 2023 48,383
DEPRECIATION
At 1 September 2022 36,681
Charge for year 5,522
At 31 August 2023 42,203
NET BOOK VALUE
At 31 August 2023 6,180
At 31 August 2022 8,684

ASHDOWN GROUP LIMITED (REGISTERED NUMBER: 03831307)

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


6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2022
and 31 August 2023 2
NET BOOK VALUE
At 31 August 2023 2
At 31 August 2022 2

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Trade debtors 497,205 698,448
Other debtors 180,221 171,113
677,426 869,561

Invoice discounted debts included within trade debtors amount to £331,650 (2022 - £378,971).

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 76,796 136,219
Taxation and social security 254,711 333,738
Other creditors 409,686 486,534
751,193 966,491

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 20,834 30,833

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.23 31.8.22
£    £   
Within one year 32,313 32,313
Between one and five years 37,890 5,577
70,203 37,890

11. PROVISIONS FOR LIABILITIES
31.8.23 31.8.22
£    £   
Deferred tax 1,545 1,650

ASHDOWN GROUP LIMITED (REGISTERED NUMBER: 03831307)

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


11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 September 2022 1,650
Utilised during year (105 )
Balance at 31 August 2023 1,545

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
16 Ordinary A £0.10 2 2
4 Ordinary B £0.10 - -
2 2

All shares rank pari passu in all respects.

13. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following loans from directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
Director
Balance outstanding at start of year (8,860 ) (7,193 )
Amounts advanced 50,302 57,261
Amounts repaid (70,228 ) (58,928 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (28,786 ) (8,860 )

Director
Balance outstanding at start of year (39,357 ) (12,959 )
Amounts advanced 41,898 38,341
Amounts repaid (54,928 ) (64,739 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (52,387 ) (39,357 )

The loans are interest free.