IRIS Accounts Production v24.1.0.578 02903513 Board of Directors Board of Directors 1.8.22 31.7.23 31.7.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh029035132022-07-31029035132023-07-31029035132022-08-012023-07-31029035132021-07-31029035132021-08-012022-07-31029035132022-07-3102903513ns15:EnglandWales2022-08-012023-07-3102903513ns14:PoundSterling2022-08-012023-07-3102903513ns10:Director12022-08-012023-07-3102903513ns10:Director22022-08-012023-07-3102903513ns10:PrivateLimitedCompanyLtd2022-08-012023-07-3102903513ns10:SmallEntities2022-08-012023-07-3102903513ns10:AuditExempt-NoAccountantsReport2022-08-012023-07-3102903513ns10:SmallCompaniesRegimeForDirectorsReport2022-08-012023-07-3102903513ns10:SmallCompaniesRegimeForAccounts2022-08-012023-07-3102903513ns10:FullAccounts2022-08-012023-07-3102903513ns10:Director32022-08-012023-07-3102903513ns10:Director42022-08-012023-07-3102903513ns10:Director52022-08-012023-07-3102903513ns10:Director62022-08-012023-07-3102903513ns10:CompanySecretary12022-08-012023-07-3102903513ns10:RegisteredOffice2022-08-012023-07-3102903513ns5:CurrentFinancialInstruments2023-07-3102903513ns5:CurrentFinancialInstruments2022-07-3102903513ns5:Non-currentFinancialInstruments2023-07-3102903513ns5:Non-currentFinancialInstruments2022-07-3102903513ns5:ShareCapital2023-07-3102903513ns5:ShareCapital2022-07-3102903513ns5:RetainedEarningsAccumulatedLosses2023-07-3102903513ns5:RetainedEarningsAccumulatedLosses2022-07-3102903513ns5:ShortLeaseholdAssetsns5:LandBuildings2022-08-012023-07-3102903513ns5:LeaseholdImprovements2022-08-012023-07-3102903513ns5:PlantMachinery2022-08-012023-07-3102903513ns5:FurnitureFittings2022-08-012023-07-3102903513ns5:MotorVehicles2022-08-012023-07-3102903513ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3102903513ns5:LeaseholdImprovements2022-07-3102903513ns5:PlantMachinery2022-07-3102903513ns5:ShortLeaseholdAssetsns5:LandBuildings2023-07-3102903513ns5:LeaseholdImprovements2023-07-3102903513ns5:PlantMachinery2023-07-3102903513ns5:ShortLeaseholdAssetsns5:LandBuildings2022-07-3102903513ns5:LeaseholdImprovements2022-07-3102903513ns5:PlantMachinery2022-07-3102903513ns5:FurnitureFittings2022-07-3102903513ns5:MotorVehicles2022-07-3102903513ns5:FurnitureFittings2023-07-3102903513ns5:MotorVehicles2023-07-3102903513ns5:FurnitureFittings2022-07-3102903513ns5:MotorVehicles2022-07-3102903513ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3102903513ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-07-31
REGISTERED NUMBER: 02903513 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

ASHDALE ENGINEERING (HAMPSHIRE) LIMITED

ASHDALE ENGINEERING (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02903513)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASHDALE ENGINEERING (HAMPSHIRE) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr J E Lockie
Mrs H Lockie
Mr J D Stepney
Mr D A Bell
Mr J P Stepney
Mr G J Swaisland



SECRETARY: Mrs H Lockie



REGISTERED OFFICE: 14 London Street
Andover
Hampshire
SP10 2PA



REGISTERED NUMBER: 02903513 (England and Wales)



ACCOUNTANTS: Hysons
Chartered Accountants
14 London Street
Andover
Hampshire
SP10 2PA



BANKERS: Lloyds Bank plc
22 High Street
Andover
Hampshire
SP10 1NW

ASHDALE ENGINEERING (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02903513)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 507,283 537,605

CURRENT ASSETS
Inventories 5 138,000 160,000
Debtors 6 197,048 212,723
Cash at bank 228,011 217,168
563,059 589,891
CREDITORS
Amounts falling due within one year 7 552,333 591,583
NET CURRENT ASSETS/(LIABILITIES) 10,726 (1,692 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

518,009

535,913

CREDITORS
Amounts falling due after more than
one year

8

-

(41,789

)

PROVISIONS FOR LIABILITIES (46,619 ) (47,335 )
NET ASSETS 471,390 446,789

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 471,388 446,787
SHAREHOLDERS' FUNDS 471,390 446,789

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 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.

ASHDALE ENGINEERING (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02903513)

BALANCE SHEET - 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.

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 23 April 2024 and were signed on its behalf by:




Mr J E Lockie - Director



Mrs H Lockie - Director


ASHDALE ENGINEERING (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02903513)

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

1. STATUTORY INFORMATION

Ashdale Engineering (Hampshire) 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.

Turnover
Turnover represents the value of work invoiced excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Leasehold property - Straight line over 25 years
Leasehold improvements - Straight line over 12 years
Machines & tools - 10% on reducing balance
Office & sundry equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Inventories 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 inventories to their present location and condition.

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.


ASHDALE ENGINEERING (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02903513)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 18 (2022 - 18 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Leasehold Leasehold Machines
property improvements & tools
£    £    £   
COST
At 1 August 2022 684,423 15,426 1,186,199
Additions - - 17,562
At 31 July 2023 684,423 15,426 1,203,761
DEPRECIATION
At 1 August 2022 403,120 15,426 931,597
Charge for year 20,242 - 27,217
At 31 July 2023 423,362 15,426 958,814
NET BOOK VALUE
At 31 July 2023 261,061 - 244,947
At 31 July 2022 281,303 - 254,602

ASHDALE ENGINEERING (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02903513)

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

4. PROPERTY, PLANT AND EQUIPMENT - continued

Office &
sundry Motor
equipment vehicles Totals
£    £    £   
COST
At 1 August 2022 2,153 24,336 1,912,537
Additions - - 17,562
At 31 July 2023 2,153 24,336 1,930,099
DEPRECIATION
At 1 August 2022 2,118 22,671 1,374,932
Charge for year 8 417 47,884
At 31 July 2023 2,126 23,088 1,422,816
NET BOOK VALUE
At 31 July 2023 27 1,248 507,283
At 31 July 2022 35 1,665 537,605

5. INVENTORIES
2023 2022
£    £   
Stocks 74,000 86,000
Work-in-progress 64,000 74,000
138,000 160,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 146,390 168,720
Provision for doubtful debts (2,928 ) (3,374 )
Prepayments 53,586 47,377
197,048 212,723

ASHDALE ENGINEERING (HAMPSHIRE) LIMITED (REGISTERED NUMBER: 02903513)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Mortgage and bank overdraft 260,449 338,972
Trade creditors 189,097 146,987
UK corporation tax 11,553 -
Social security and other taxes 26,300 21,325
Pension contributions 1,210 1,210
VAT 37,243 55,270
Directors' loan account 18,961 19,586
Other creditors - 713
Accrued expenses 7,520 7,520
552,333 591,583

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2023 2022
£    £   
Mortgage 1-2yrs - 41,789

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Mortgage 40,449 100,610

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Mr J E and Mrs H Lockie had a loan account with the Company which was in credit throughout the year and on which they were owed £18,961 at 31st July 2023 (2022: £19,921).

11. RELATED PARTY DISCLOSURES

The Company was controlled throughout the year by Mr J E Lockie and Mrs H Lockie by virtue of their directorship and shareholding.