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REGISTERED NUMBER: 06903768 (England and Wales)















Ash & Scott Limited

Unaudited Financial Statements

for the Year Ended 31 July 2023






Ash & Scott Limited (Registered number: 06903768)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ash & Scott Limited

Company Information
for the Year Ended 31 July 2023







DIRECTOR: G A Scott



REGISTERED OFFICE: Bristol Road
Dunball
Bridgwater
Somerset
TA6 4TN



REGISTERED NUMBER: 06903768 (England and Wales)



ACCOUNTANTS: Maxwells
Chartered Accountants
4 King Square
Bridgwater
Somerset
TA6 3YF



BANKERS: Lloyds Bank plc
25 Cornhill
Bridgwater
Somerset
TA6 3AY

Ash & Scott Limited (Registered number: 06903768)

Abridged Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 10,779 16,770

CURRENT ASSETS
Stocks 41,585 101,224
Debtors 20,068 148,211
Cash at bank 133,861 128,077
195,514 377,512
CREDITORS
Amounts falling due within one year 75,213 183,720
NET CURRENT ASSETS 120,301 193,792
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,080

210,562

PROVISIONS FOR LIABILITIES 713 1,702
NET ASSETS 130,367 208,860

CAPITAL AND RESERVES
Called up share capital 50 70
Capital redemption reserve 50 30
Retained earnings 130,267 208,760
SHAREHOLDERS' FUNDS 130,367 208,860

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

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

Ash & Scott Limited (Registered number: 06903768)

Abridged Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 July 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 17 January 2024 and were signed by:





G A Scott - Director


Ash & Scott Limited (Registered number: 06903768)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Ash & Scott 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
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 etc - 25% on reducing balance and Straight line over 3 years

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

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 statement of financial position date.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Ash & Scott Limited (Registered number: 06903768)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 August 2022 73,206
Additions 4,885
Disposals (32,290 )
At 31 July 2023 45,801
DEPRECIATION
At 1 August 2022 56,436
Charge for year 2,800
Eliminated on disposal (24,214 )
At 31 July 2023 35,022
NET BOOK VALUE
At 31 July 2023 10,779
At 31 July 2022 16,770

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.7.23 31.7.22
£    £   
Between one and five years 24,272 -
In more than five years 7,066 -
31,338 -

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is G A Scott.