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Company Registration No. 14640688 (England and Wales)
Ascent Fragrance Limited Unaudited accounts for the period from 19 April 2023 to 29 February 2024
Ascent Fragrance Limited Unaudited accounts Contents
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Ascent Fragrance Limited Company Information for the period from 19 April 2023 to 29 February 2024
Director
Ming Ho Cheng
Company Number
14640688 (England and Wales)
Registered Office
1 Woodland Close Woodley RG5 4FG England
Accountants
Anthony Daniel Associates 10 Julian Place London E14 3AT
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Ascent Fragrance Limited Statement of financial position as at 29 February 2024
2024 
Notes
£ 
Fixed assets
Tangible assets
1,617 
Current assets
Cash at bank and in hand
19,021 
Creditors: amounts falling due within one year
(14,673)
Net current assets
4,348 
Net assets
5,965 
Capital and reserves
Called up share capital
100 
Profit and loss account
5,865 
Shareholders' funds
5,965 
For the period ending 29 February 2024 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 12 March 2024 and were signed on its behalf by
Ming Ho Cheng Director Company Registration No. 14640688
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Ascent Fragrance Limited Notes to the Accounts for the period from 19 April 2023 to 29 February 2024
1
Statutory information
Ascent Fragrance Limited is a private company, limited by shares, registered in England and Wales, registration number 14640688. The registered office is 1 Woodland Close, Woodley, RG5 4FG, England.
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 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.
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 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:
Computer equipment
20% on cost
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Ascent Fragrance Limited Notes to the Accounts for the period from 19 April 2023 to 29 February 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 19 April 2023
- 
Additions
1,983 
At 29 February 2024
1,983 
Depreciation
Charge for the period
366 
At 29 February 2024
366 
Net book value
At 29 February 2024
1,617 
5
Creditors: amounts falling due within one year
2024 
£ 
Taxes and social security
1,847 
Loans from directors
11,973 
Accruals
853 
14,673 
6
Share capital
2024 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
7
Average number of employees
During the period the average number of employees was 1.
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