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REGISTERED NUMBER: 06998592 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 October 2023

for

ASHWELLS NATIONWIDE SERVICES LIMITED

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Contents of the Financial Statements
for the year ended 31 October 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ASHWELLS NATIONWIDE SERVICES LIMITED

Company Information
for the year ended 31 October 2023







Directors: Mr H Thomson
Mrs T A Thomson





Registered office: Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE





Registered number: 06998592 (England and Wales)





Accountants: Cooper Parry Advisory Limited
Juniper House
Warley Hill Business Park
The Drive
Brentwood
Essex
CM13 3BE

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Statement of Financial Position
31 October 2023

2023 2022
Notes £    £    £    £   
Fixed assets
Tangible assets 4 2,965 6,353

Current assets
Stocks 32,967 88,899
Debtors 5 8,954 3,487
Cash at bank 6,695 8,664
48,616 101,050
Creditors
Amounts falling due within one year 6 142,904 135,279
Net current liabilities (94,288 ) (34,229 )
Total assets less current liabilities (91,323 ) (27,876 )

Creditors
Amounts falling due after more than one
year

7

(15,207

)

(17,616

)

Provisions for liabilities 9 (563 ) (725 )
Net liabilities (107,093 ) (46,217 )

Capital and reserves
Called up share capital 10 2 2
Retained earnings (107,095 ) (46,219 )
Shareholders' funds (107,093 ) (46,217 )

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

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

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Statement of Financial Position - continued
31 October 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2024 and were signed on its behalf by:





Mr H Thomson - Director


ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements
for the year ended 31 October 2023


1. Statutory information

Ashwells Nationwide Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Although the company has net liabilities of £107,093, the director will continue to support the company and he is confident that the company will be profitable in the future years. The accounts have therefore been prepared on a going concern basis.

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.
Improvements to property - Straight line over 10 years
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks and work in progress
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.

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 stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.


ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. Employees and directors

The average number of employees during the year was 5 (2022 - 4 ) .

4. Tangible fixed assets
Improvements
to Plant and Motor
property machinery vehicles Totals
£    £    £    £   
Cost
At 1 November 2022
and 31 October 2023 24,000 38,274 4,750 67,024
Depreciation
At 1 November 2022 21,600 35,384 3,687 60,671
Charge for year 2,400 723 265 3,388
At 31 October 2023 24,000 36,107 3,952 64,059
Net book value
At 31 October 2023 - 2,167 798 2,965
At 31 October 2022 2,400 2,890 1,063 6,353

5. Debtors: amounts falling due within one year
2023 2022
£    £   
Trade debtors 500 500
Other debtors 8,454 2,987
8,954 3,487

6. Creditors: amounts falling due within one year
2023 2022
£    £   
Bank loans and overdrafts 2,250 2,250
Trade creditors 1,048 1,576
Taxation and social security 4,889 3,611
Other creditors 134,717 127,842
142,904 135,279

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


7. Creditors: amounts falling due after more than one year
2023 2022
£    £   
Bank loans 15,207 17,616

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,207 8,616

8. Secured debts

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 17,457 19,866

9. Provisions for liabilities
2023 2022
£    £   
Deferred tax 563 725

Deferred
tax
£   
Balance at 1 November 2022 725
Provided during year (162 )
Balance at 31 October 2023 563

10. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

11. Directors' advances, credits and guarantees

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

2023 2022
£    £   
Mr H Thomson
Balance outstanding at start of year (121,931 ) (82,775 )
Amounts advanced 79,879 -
Amounts repaid (68,311 ) (39,156 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (110,363 ) (121,931 )

ASHWELLS NATIONWIDE SERVICES LIMITED (REGISTERED NUMBER: 06998592)

Notes to the Financial Statements - continued
for the year ended 31 October 2023


11. Directors' advances, credits and guarantees - continued

Mrs T A Thomson
Balance outstanding at start of year - -
Amounts advanced 38,750 -
Amounts repaid (58,750 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,000 ) -