Ashurst Instrumentation Ltd 14394774 false 2022-10-03 2023-10-31 2023-10-31 The principal activity of the company is Repair of electronic and optical equipment Digita Accounts Production Advanced 6.30.9574.0 true 14394774 2022-10-03 2023-10-31 14394774 2023-10-31 14394774 bus:Director1 1 2023-10-31 14394774 core:CurrentFinancialInstruments 2023-10-31 14394774 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 14394774 core:OfficeEquipment 2023-10-31 14394774 core:PlantMachinery 2023-10-31 14394774 bus:SmallEntities 2022-10-03 2023-10-31 14394774 bus:AuditExemptWithAccountantsReport 2022-10-03 2023-10-31 14394774 bus:FullAccounts 2022-10-03 2023-10-31 14394774 bus:SmallCompaniesRegimeForAccounts 2022-10-03 2023-10-31 14394774 bus:RegisteredOffice 2022-10-03 2023-10-31 14394774 bus:Director1 2022-10-03 2023-10-31 14394774 bus:Director1 1 2022-10-03 2023-10-31 14394774 bus:PrivateLimitedCompanyLtd 2022-10-03 2023-10-31 14394774 core:OfficeEquipment 2022-10-03 2023-10-31 14394774 core:PlantMachinery 2022-10-03 2023-10-31 14394774 countries:AllCountries 2022-10-03 2023-10-31 14394774 bus:Director1 1 2022-10-02 iso4217:GBP xbrli:pure

Registration number: 14394774

Ashurst Instrumentation Ltd

Unaudited Filleted Financial Statements

for the Period from 3 October 2022 to 31 October 2023

 

Ashurst Instrumentation Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Ashurst Instrumentation Ltd

Company Information

Director

M A Ashurst

Registered office

2b Kingsway
Cottingham
East Yorkshire
HU16 5BA

 

Ashurst Instrumentation Ltd

(Registration number: 14394774)
Balance Sheet as at 31 October 2023

Note

2023
£

Fixed assets

 

Tangible assets

4

6,025

Current assets

 

Debtors

5

6,620

Cash at bank and in hand

 

28,781

 

35,401

Creditors: Amounts falling due within one year

6

(22,222)

Net current assets

 

13,179

Total assets less current liabilities

 

19,204

Provisions for liabilities

(374)

Net assets

 

18,830

Capital and reserves

 

Called up share capital

1

Retained earnings

18,829

Shareholders' funds

 

18,830

For the financial period ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the Company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 March 2024
 

.........................................
M A Ashurst
Director

 

Ashurst Instrumentation Ltd

Notes to the Unaudited Financial Statements for the Period from 3 October 2022 to 31 October 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
2b Kingsway
Cottingham
East Yorkshire
HU16 5BA

These financial statements were authorised for issue by the director on 15 March 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements have been prepared in sterling and are rounded to the nearest pound.

Revenue recognition

Turnover arises from the provision of services. Turnover is measured at the fair value of the consideration received or receivable and represents amounts for the rendering of services in the normal course of business, net of discounts and other sales-related taxes.

Turnover from the provision of services is recognised when the service is performed.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met of each of the companies activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Ashurst Instrumentation Ltd

Notes to the Unaudited Financial Statements for the Period from 3 October 2022 to 31 October 2023

Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measure using the rates and allowances that apply to the sale of the asset.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If the estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in the profit and loss account.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss has been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in the profit and loss account.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line

Plant and equipment

20% on written down value

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the Company (including the Director) during the period, was 2.

 

Ashurst Instrumentation Ltd

Notes to the Unaudited Financial Statements for the Period from 3 October 2022 to 31 October 2023

4

Tangible assets

Plant and machinery
£

Office equipment
£

Total
£

Cost or valuation

Additions

5,000

2,293

7,293

At 31 October 2023

5,000

2,293

7,293

Depreciation

Charge for the period

750

518

1,268

At 31 October 2023

750

518

1,268

Carrying amount

At 31 October 2023

4,250

1,775

6,025

5

Debtors

2023
£

Other debtors

6,620

6,620

6

Creditors

Creditors: amounts falling due within one year

2023
£

Due within one year

Taxation and social security

20,730

Accruals and deferred income

1,492

22,222

7

Related party transactions

Transactions with the Director

2023

At 3 October 2022
£

Advances to Director
£

Repayments by Director
£

At 31 October 2023
£

M A Ashurst

-

55,141

(48,921)

6,220

         
       

 

Other transactions with the Director

At the year end the company owed the directors £6,220. Loans made to the company by the directors are unsecured, interest free and repayable on demand.