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
Ascent Fragrance Limited
Company Information
for the period from 19 April 2023 to 29 February 2024
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
Ascent Fragrance Limited
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
19,021
Creditors: amounts falling due within one year
(14,673)
Called up share capital
100
Profit and loss account
5,865
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
Ascent Fragrance Limited
Notes to the Accounts
for the period from 19 April 2023 to 29 February 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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 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.
Ascent Fragrance Limited
Notes to the Accounts
for the period from 19 April 2023 to 29 February 2024
4
Tangible fixed assets
Computer equipment
5
Creditors: amounts falling due within one year
2024
Taxes and social security
1,847
Loans from directors
11,973
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.