Acorah Software Products - Accounts Production 14.5.601 false true 31 October 2022 1 November 2021 false 1 November 2022 31 October 2023 31 October 2023 7807642 Mrs Danielle Ashton Mr Max Ashton Mr James Ashton Mrs Charlotte Baroukh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 7807642 2022-10-31 7807642 2023-10-31 7807642 2022-11-01 2023-10-31 7807642 frs-core:CurrentFinancialInstruments 2023-10-31 7807642 frs-core:ComputerEquipment 2022-11-01 2023-10-31 7807642 frs-core:ShareCapital 2023-10-31 7807642 frs-core:RetainedEarningsAccumulatedLosses 2023-10-31 7807642 frs-bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 7807642 frs-bus:FilletedAccounts 2022-11-01 2023-10-31 7807642 frs-bus:SmallEntities 2022-11-01 2023-10-31 7807642 frs-bus:AuditExempt-NoAccountantsReport 2022-11-01 2023-10-31 7807642 frs-bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 7807642 frs-bus:OrdinaryShareClass2 2022-11-01 2023-10-31 7807642 frs-bus:OrdinaryShareClass2 2023-10-31 7807642 frs-bus:OrdinaryShareClass3 2022-11-01 2023-10-31 7807642 frs-bus:OrdinaryShareClass3 2023-10-31 7807642 frs-bus:OrdinaryShareClass4 2022-11-01 2023-10-31 7807642 frs-bus:OrdinaryShareClass4 2023-10-31 7807642 frs-bus:OrdinaryShareClass5 2022-11-01 2023-10-31 7807642 frs-bus:OrdinaryShareClass5 2023-10-31 7807642 frs-bus:Director1 2022-11-01 2023-10-31 7807642 frs-bus:Director2 2022-11-01 2023-10-31 7807642 frs-bus:Director3 2022-11-01 2023-10-31 7807642 frs-bus:Director4 2022-11-01 2023-10-31 7807642 frs-core:CurrentFinancialInstruments 1 2023-10-31 7807642 frs-countries:EnglandWales 2022-11-01 2023-10-31 7807642 2021-10-31 7807642 2022-10-31 7807642 2021-11-01 2022-10-31 7807642 frs-core:CurrentFinancialInstruments 2022-10-31 7807642 frs-core:ShareCapital 2022-10-31 7807642 frs-core:RetainedEarningsAccumulatedLosses 2022-10-31 7807642 frs-bus:OrdinaryShareClass2 2021-11-01 2022-10-31 7807642 frs-bus:OrdinaryShareClass3 2021-11-01 2022-10-31 7807642 frs-bus:OrdinaryShareClass4 2021-11-01 2022-10-31 7807642 frs-bus:OrdinaryShareClass5 2021-11-01 2022-10-31 7807642 frs-core:CurrentFinancialInstruments 1 2022-10-31
Registered number: 7807642
Ashton Finance Limited
Unaudited Financial Statements
For The Year Ended 31 October 2023
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 7807642
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Debtors 4 7,359,592 7,891,601
Cash at bank and in hand 10,814 14,494
7,370,406 7,906,095
Creditors: Amounts Falling Due Within One Year 5 (166,292 ) (459,994 )
NET CURRENT ASSETS (LIABILITIES) 7,204,114 7,446,101
TOTAL ASSETS LESS CURRENT LIABILITIES 7,204,114 7,446,101
NET ASSETS 7,204,114 7,446,101
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 7,204,014 7,446,001
SHAREHOLDERS' FUNDS 7,204,114 7,446,101
For the year ending 31 October 2023 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Max Ashton
Director
09/04/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ashton Finance Limited Registered number 7807642 is a limited by shares company incorporated in England & Wales. The Registered Office is 11 Holne Chase, London, N2 0QP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 25
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2022: 1)
1 1
4. Debtors
2023 2022
£ £
Due within one year
Other debtors 3,177,211 2,860,000
Loans 4,182,381 5,031,601
7,359,592 7,891,601
5. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
Other creditors (1) 100,000 100,000
Directors' loan accounts 66,292 359,994
166,292 459,994
Page 2
Page 3
6. Share Capital
2023 2022
Allotted, called up and fully paid £ £
35 Ordinary A shares of £ 1 each 35 35
35 Ordinary B shares of £ 1 each 35 35
15 Ordinary C shares of £ 1 each 15 15
15 Ordinary D shares of £ 1 each 15 15
100 100
7. Dividends
2023 2022
£ £
On equity shares:
Final dividend paid 70,000 300,000
A dividend of £2,857.14 per Ordinary A share was paid in the period. There was no dividend paid in the previous financial year.
Page 3